JON DOWLING
Happy God Friday everyone! Not much else to say today. PM Sudani said it all yesterday exactly what we needed to hear! Now he goes back to Iraq and then we await the Iran/Israel counter strikes and off we go.
October is the climax of everything. Be prepared!
@JonDowling
Iraq’s Ministry of Transport has announced that the Nasiriyah International Airport project has reached over 56% completion, with significant progress following the resolution of obstacles faced by the Chinese contractor.
Key Data:
Project: Nasiriyah International Airport
Completion Rate: 56%
Total Workers: 450
Machinery in Use: Over 120 units
Main Buildings:
Passenger terminal (20,000 sqm, 2 floors: departures and arrivals)
VIP lounge (2,000 sqm)
Control tower (42 meters tall)
Air navigation staff housing
Runway:
Length: 3,400 meters
Load capacity: PCM 87
Taxiway length: 3,400 meters
Airport Capacity:
Initial: 750,000 passengers annually
Phase two (after 10 years): More than 2,500,000 passengers annually
Aircraft Gates: 3
Aircraft Parking Capacity: More than 8 planes
Additional Facilities:
Fuel station
Water desalination station
Power station
Civil defense center
Standards Compliance: Civil Aviation Authority, ICAO
ARIEL
This may be the prime indicator as to when we may expect the reinstatement of the Iraqi Dinar.
Because I have touched on SOFR many times.
Right now I am looking for the HCL in parliament now that Al-Sudani is back.
This is a constitutional requirement for citizens.
I will see where they are at with this today. Because time is winding down on when this needs to be activated.
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GOLDILOCKS
OCTOBER 1, 2024. THE END OF PRICE MANIPULATION AROUND THE WORLD.
SOFR SUPPORT REAL VALUES.
@GOLDILOCKS
An announcement made on Thursday by Mudhhir Muhammad Salih, the financial advisor to the Iraqi Prime Minister, stated that the country’s foreign debt has decreased to less than $10 billion.
Salih informed that the federal budget has allocated funds to settle Iraq’s foreign debt obligations, which remain below $10 billion.
“The Paris Club debt settlement, which includes obligations prior to 1990, is the primary source of these external debts. Salih elaborated, “This includes both foreign private sector debts and sovereign loans, with a plan to repay them all by 2028.”
The Paris Club announced in 2004 a comprehensive settlement to reduce Iraq’s debt—originally $120 billion—by 80 percent in three phases. He emphasized that Iraq’s low level of external debt has improved its financial creditworthiness, which is acknowledged by international rating agencies like the US-based S&P. During the 1980s, as Iraq borrowed money from Arab, European, and Western nations to finance its war with Iran, these debts were accumulated by the previous regime.
TNT Conference Call
Friday, September 27, 2024
Tony’s Monologue: There’s good news, great news, and so-so news. There is really no bad news today as far as the dinar. Tony is concerned today because Israel is bombing Lebanon. In response the militia in Iraq shot missiles into Israel.
It is a possibility that Israel will shoot missiles into Iraq. The whole region seems to be getting worse. Tony can see that the groups in Iraq are going to attack Israel.
This seems to be an imminent attack and could affect the region. We have to look at this until the rv is live. It hasn’t affected it, and people say it won’t, but it could affect things tomorrow, a week from now, or three weeks from now.
Thursday at 1 pm, all the rates went off the screens at the banks because they were trying to fix their issues.
They thought the system was being reset and the rates would come back up. Tony was told they were trying to fix these issues.
The rates have not come back up but when they do, they have said that we will go. This came from a couple of different places. One of them even said after 5 pm, that was yesterday. Then Tony heard between 1 and 4 this morning. Now we are hearing it could be any minute now. So, we are waiting.
Yesterday, Tony got from bank managers that they got memos stating that the currency event has finally been finished. Finished, done, over with it. It went from the director level down to bank managers that got memos. Now we are just waiting to go. This should not happen until after 5pm.
Some think it will be Saturday morning. Just remember that Iraq wants it by the 30th and the UN wants it on the 1st. Tony doesn’t know who won. They told us that it is done, it is fixed, they told their people it is finalized, and once we see the rates we will be going to the bank. Somewhere starting after 5 this afternoon and no later than Tuesday morning will see it live and be going to the bank.
They are supposedly ready, staffed, have their schedules worked out, and they are just waiting to go when the numbers come up on the screen. It makes sense for us to see this Monday night, it satisfies what everyone wants, and we would be at the banks Tuesday morning. Everyone is kind of excited again.
Q & A:
- What kind of contracts will we see? 2-, 3-, and 5-year contracts. The rates you get will be based on how much you leave and for how long.
- Will 6 to 12 billion dollars get you the higher rates from your total exchange value? Yes, it should.
- Where would it put us if Israel does a bomb strike in Iraq? As per Tony we would be up a creek without a paddle.
- Did you see an article saying they are trying to pay salaries this weekend? They are putting off paying the salaries until the rv happens. Iraq doesn’t want war either so they can get paid, start their contracts, and be able to pay people.
- Are the banks on high alert? They are not on high alert, but they are fully staffed and waiting to go.
Wrap up: It could be they are just waiting for the numbers to come back on the screen and then we go. First opportunity is after 5pm today. Some of the three letter agencies think the rates could come back up between midnight and 4 am. They don’t know though if it will be tonight, tomorrow night, or Monday night. As some have suggested it might drag out to Monday to satisfy Iraq.
We are in our last 48 to 72 hours. It is sitting at the bank level. There is no more waiting for Iraq, IMF, or UST because it is done. They have given the banks the green light.
The systems are now fixed or supposedly will be fixed. The only thing they are waiting on is the 800 number and Tony won’t get the 800 hundred numbers until the rates come back up. There really isn’t anything bad but Iran could do something stupid to flare up the middle eastern. If it happens before we do our part, then it is up in the air. The good thing is it is done, there is money, and it could happen for us. Be ready.
What are Iraqis waiting for after the news of the “sudden suspension” of the dollar sale platform by the Central Bank? Baghdad Today – Bag...