TNT UPDATE, 19 SEPT

 TNT

• Wed. 18 Sept. 2024 TNT Update
•  “Banks got memos yesterday Tues. 17 Sept. telling them to get ready and be there this morning because it was scheduled between now and Fri. 20 Sept. The RV announcement should be by tomorrow Thurs. 19 Sept. There is a scheduled time but no one wanted to put it out. We are now waiting for the big announcement on the Fed rate. The Market will change with the Fed announcement. They want things to settle down and then will let the RV go. The rates are out. The Banks are ready. This should be our final call.”

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TNT UPDATE 

GOOD MORNING TNT. TODAY IS WEDNESDAY SEPTEMBER THE 18TH 2024

I WAS THINKING WE WOULD DO THIS A LITTLE BIT DIFFERENT; BUT I DIDN'T TELL RAY

HERE IS THE GOOD NEWS.............THE TECHNICAL SITUATION HAS BEEN RESOLVED.Sep 18

 BANKS GOT MEMOS YESTERDAY- THEY WERE SUPPOSED TO GET READY AND BE THERE -THIS MORNING, THE MESSAGE WAS GET READY BECAUSE IT WAS SCHEDULED FOR THIS MORNING 

 BETWEEN NOW AND FRIDAY - WE ARE NOW WAITING FOR THIS BIG ANNOUNCEMENT ON THE FED RATE AND WHAT IT WILL DO FOR THE ECONOMY

IT COULD GO WHILE WE ARE ON THIS CALL OR RIGHT AFTER - BUT THE RV ANNOUNCEMENT SHOULD BE TOMORROW MORNING; NOT FRIDAY

THERE IS A SCHEDULED TIME BUT NO ONE WANTED TO PUT IT OUT THERE

THE MARKETS SHOULD CHANGE IMMEDIATELY AFTER THE RATE CHANGE WHICH IT NORMALLY DOES Sep 18

MARKET WILL CHANGE WITH THE FED ANNOUNCEMENT. THEY WANT THINGS TO SETTLE DOWN AND THEN LET THE RV GO

 WE WILL SEE AND WE ARE LIVE. THINGS GOING MINUTE BY MINUTE - I'VE GIVEN YOU ALL THE INFORMATION. THE RATES ARE OUT, THE BANKS ARE READY. HOPEFULLY, YOU ARE ALL READY

THE TEXTS AND THE EMAILS WILL GO OUT; YOU SHOULD BE PREPARED 

I WAS TOLD WE WILL BE THE FIRST ONES TO GET THE INFORMATION FROM THE BANKING SIDE SOMEONE ELSE WILL ALSO GET IT - ANOTHER GURU. 

SO THIS SHOULD BE OUR FINAL CALL

https://dinarevaluation.blogspot.com/2024/09/tnt-update-18-sept.html

DINAR REVALUATION. HIGHLIGHTS!, 19 SEPT

 

https://youtube.com/shorts/Xu9uIapcy9U?si=z-xONpMdriy3Iqmo

Leader in the Framework: Washington moved to abort the amendments to the Personal Status Law, 19 SEPT

 Issam Al-Kriti, who is in charge of the Coordination Framework, said on Wednesday that Washington tried three times to stop the changes to the Personal Status Law in Iraq.

Al-Kriti said in a meeting with , “Washington is experiencing a social and moral emergency and it sees that any regulations that build up values in any nation are a wellspring of risk to the strategy of supporting homosexuality.”

He added, “Washington moved multiple times to cut short the individual status regulation in Iraq through pressures by means of consulates and endeavors to shake things up under the affection of common liberties, however it at last fizzled.”

“The US embassy’s interference in Iraq’s affairs is not the first, and it is condemned and represents a violation of the country’s sovereignty,” he said.

It is essential that the Place of Agents finished yesterday the second perusing of the draft alterations to the Individual Status Regulation.

SUMMARY OF LAST POSTS OF FRANK26, 19 SEPT

 Frank26  

 Article:   "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"

  This is what's happening right now.  This is called diversion tactics...slight of hand.  This was done with China and it was done with Kuwait...This is part of the monetary reform.  To put out disinformation that is a deterrent, maybe, that is putting

speculators at bay.  

Frank26   

I pray that this dream will come true for the both of us. 

 It is very close.

  There's no doubt about it. 

 All the indications are pointing that it's very close.  I just hope we get some good news when Alaq [returns from] New York...

Frank26 

 The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world...The monetary reform is the linchpin.  It's the trigger.  It's the button that will be pushed to change financial structures around the world...We investors of the dinar have a backup for a backup in order to survive this global financial change... 

Frank26 

 Article:  "Iraq and America to resume negotiations on the banking sector next Monday" 

 ALAQ'S VISIT IS ON IRAQI BANKS... IRAQI BANKS ONLY CARE ABOUT A NEW EXCHANGE RATE.

Frank26 

  I don't care about the WTO and HCL because it only waits for one thing, the new exchange rate.  The only mechanism that everyone is waiting for is the new exchange rate.  

That is the simple fact.  This fact is real because Sudani is constantly reinforcing that idea...by constantly coming out on TV and talking to you [Iraqi citizens] about you're going to get purchasing power.

We found out the 3 zero notes are going to coexist with the lower notes for 10 years.

  Do you understand the power behind that?  

That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER)

 Frank26 

 The goal is what?  Retrieve those [Three zero notes].  

How? 

As soon as we raise the value, give them purchasing power, as soon as we drop the 3 zeros, they're going to bring in all that 80 something percent [still in Iraqi mattresses]...The monetary reform plan is brilliant...It is moving at a very fast pace.

DINAR REVALUATION 

ANALYSIS OF WHAT EDDIE TOLD TO FRANK26: 

"Then Saleh talking about oil being sold in dinars instead of dollars." 

 Economist back on tv saying it’s time to drop the zeros."

---It sounds like there's a couple of interesting economic discussions happening in Iraq right now!

1. Saleh and Oil Sales in Dinars: Saleh's suggestion to sell oil in dinars instead of dollars could be aimed at strengthening the Iraqi dinar and reducing dependence on the US dollar. This move could potentially stabilize the local economy and improve national financial sovereignty. However, it would also require significant adjustments in international trade agreements and currency exchange systems.

2. Dropping Zeros from the Dinar: The economist's call to drop zeros from the dinar is a common monetary policy strategy known as "currency redenomination." This involves introducing a new unit of currency that is worth a thousand or more times the old unit. It's often done to simplify transactions and improve the currency’s image after periods of high inflation or economic instability. For Iraq, this could be a step towards stabilizing the currency and restoring confidence in its value.

Both of these measures reflect efforts to address economic challenges and enhance the stability of Iraq's financial system. The success of these strategies will depend on how they are implemented and their impact on the broader economy.

SEEMS THAT WE ARE REALLY CLOSE TO OUR DESIRED RV!!!

https://dinarevaluation.blogspot.com/2024/08/dinar-revaluation-update-seems-that-we.html

THE OIL & GAS BILL STANDS AS A SIGNIFICANT LEGISLATIVE MILESTONE TO IRAQ...

DINAR REVALUATION REPORT: Iraq's Legislative Agenda: 2024 Oil and Gas Bill, Common Assistance Bill, and Government Committee Bill, 19 SEPT

 Iraq's Legislative Agenda: 2024 Oil and Gas Bill, Common Assistance Bill, and Government Committee Bill

In the midst of Iraq's ongoing efforts to stabilize its domestic situation and diversify its economy, three significant bills have gained attention and are poised to be presented to the House of Representatives [1]. These include the Oil and Gas Bill, the Common Assistance Bill (pay scale), and the Government Committee Bill. Each bill carries substantial implications for Iraq's economic and political landscape, aiming to address issues from oil revenue management to public sector reforms.

Oil and Gas Bill: A Crucial Step in Modernizing Iraq's Energy Policy

The Oil and Gas Bill is at the forefront of discussions between the federal Iraqi government and the Kurdistan Regional Government (KRG). This legislation is seen as a critical step in addressing the long-standing dispute over the constitutional rights of the Kurdistan region regarding oil and revenue [2]. The bill's passage is expected to provide a framework for the cost recovery and profit sharing for international oil companies (IOCs) operating in the region. The hope is that by incorporating these contractual rights into Iraq's budget and future laws, it will foster a more stable and predictable environment for investment in the oil and gas sector.

Common Assistance Bill: Pay Scale Reforms for a More Equitable Workforce

The Common Assistance Bill, often referred to as the pay scale bill, is aimed at reforming the public sector's compensation structure. This bill carries the potential to significantly impact the salaries and benefits of public sector employees, addressing disparities and aiming for a more equitable and efficient workforce. By revising the pay scale, the Iraqi government is taking steps to ensure that salaries are competitive and reflective of the skills and responsibilities of public servants, contributing to a more motivated and productive public sector [3].

Government Committee Bill: Strengthening Governance and Accountability

The Government Committee Bill is another legislative effort focusing on enhancing the effectiveness and accountability of government operations. This bill is expected to introduce measures that will streamline decision-making processes, improve the oversight of government bodies, and ensure greater transparency in public administration. By strengthening governance structures, Iraq aims to address issues of corruption and inefficiency, fostering a more responsive and accountable government that can better serve its citizens [4].

Visualizing the Legislative Process: A Timeline of Key Events

To better understand the legislative process and the timeline for these bills, the following timeline provides a visual representation of key even

31/5/2023

Drafting of the Oil and Gas Bill

14/9/2023

First Reading of the Common Assistance Bill

30/9/2023

Consultation on the Government Committee Bill

31/12/2023

Submission of the Oil and Gas Bill to the House of Representatives

9/3/2024

Final Approval of the Common Assistance Bill

29/4/2024

Expected Passage of the Government Committee Bill

Conclusion

As Iraq navigates its path towards economic diversification and political stability, the Oil and Gas Bill, the Common Assistance Bill, and the Government Committee Bill stand as significant legislative milestones. These bills not only address critical issues within their respective domains but also reflect Iraq's broader aspirations for reform and development. By passing these bills, Iraq aims to create a more stable, equitable, and effective governance structure that can accelerate the nation's progress and improve the lives of its citizens.

MP holds Al-Sudani responsible for withdrawing important laws from the House of Representatives, 19 SEPT

 MP Hadi Al-Salami held State head Mohammed Shia Al-Sudani answerable for pulling out significant regulations from the Place of Agents, most prominently the retirement regulation, on Wednesday.

“The Prime Minister pledged before the House of Representatives to send important laws to implement his government program,” Al-Salami stated.

He added, “The most noticeable regulations that should be shipped off the Place of Agents are the Oil and Gas Bill, the Common Assistance Bill (pay scale), and the Government Committee Bill.”

He brought up that “there are regulations that were removed from the public authority and were not gotten back to the Place of Agents, most eminently the retirement regulation, which is viewed as one of the significant regulations.”

He thought about that the Top state leader bears liability regarding hindering significant regulations.