FIREFLY:There are TV commercials advertising that the Kuwait dinar is at $3.58. They are talking about our new border agreement with Kuwait. The fact they bring up this rate tells me they want to talk about our new rate against it.
FRANK: They are talking to you about Kuwait because they need an example to show you what is about to happen to your currency, your purchasing power, to show you what is going to happen to your exchange rate. There will be a change coming.
On Saturday, the Coordination Framework discussed the Master of Resistance’s death, Martyr Sayyed Hassan Nasrallah, as the beginning of victory and a new beginning for the nation.
“the Coordination Framework held its emergency meeting today, Saturday, in the Prime Minister’s office, to discuss all developments after the martyrdom of Sayyed Hassan Nasrallah,” read a statement from the framework’s media office.
He continued, “The framework considered Sayyed Hassan Nasrallah’s martyrdom the beginning of victory and a new life for the nation.”
The Coordination Framework reaffirmed its adherence to the directives of the highest religious authority regarding the provision of all necessary aid to the benevolent Lebanese people. In addition, the Coordination Framework expressed gratitude to the government for its outstanding efforts in resolving issues affecting the displaced from brotherly Lebanon.
MM: I saw an article today “ The head of the Kurdistan party provincial council stressed on Saturday the implementation of Article 140 of the Iraqi constitution. “ This is why my phone was blowing up. This may be why Sudani and everyone are getting together today. With article 140 they need the new value of their assets. I think this is huge.
MZ: That is huge. They need to revalue the assets before the census happens.
Member: I was told as soon as article 140/HCL passes – then we go.
IRAQ IS GOING INTERNATIONAL
MM: Good morning everyone. Iraq has done so much work and we all know Al Sudani was just in New York again at the US assembly. He also had sideline meetings and had his speech and returned home yesterday.
MM I think he has more meetings today ….but his acheivments in 2024 hve been phenominal. Including international interconnectivity. This showcases the fact that Iraq is going international..Al Sudani also talks about $83 billion for the investment side of the budget for infrastructure….which tells me he needs the money released publically. And he needs to tell his people where the money is coming from.
MM: The world is waiting to see the budget…but Item #4782 has not been released yet in the Iraq Gazette…..there is good reason for it. I am optimistic in includes the new REER (Real Effective Exchange Rate)
MM:They already have the new technology for international interconnectivity that we have all heard about that is fast, accurate using blockchain ledger technology. Everybody needs to be on the same page at the same time on this system
MM: When this happens prepare for shocks. .
MZ: What are your thoughts on Sudani’s speech at the UN? He talked about them being fully international.
MM: I think the very last part of that speech he says Iraq is taking its rightful place in the international world. It’s interesting that he said that because a year ago this September he was showcased as being the savior of the international financial system. And again in Davos a few months ago where he had the likes of Jaimie Dimon and JPMorgan and the biggest banks in the world there.
MM: Iraq has all the assets, new technologies like the Ayuscuda system at the borders to collect those non-oil revenues and taxes. I believe there are meetings today with Al Sudani and Al Alaq and the banks. At this stage in the game you have to ask yourselves why? I’m hoping it’s to decide not to use the rate of 1310 anymore…..but something different.
MZ: So how close are we…. iyo?
MM: With Sudani back now….why couldn’t it happen at any time? To me there is no reason it could not happen at any time.
MZ: I agree. He’s done the victory tours, he has told the world they are restored and fully international. …Time to see the fruit of his labors. I wouldn’t be surprised to see my phone blowing up this weekend with the news that it has happened.
MM: I think Sudani is obliged to do this at this point.
MZ: I agree he has done all the groundwork , done all the stuff, paid all their bills….he is kinda obliged to do it.
Shafaq News/ On Saturday, Iraqi authorities decided to close one of the fortified gates of the Green Zone, which houses the US Embassy in Baghdad.
A security source told Shafaq News Agency, “Al-Alawi Gate No. 9 has been closed to civilian traffic, and entry will be restricted exclusively to holders of Green Zone badges.”
A few hours ago, hundreds of supporters of Shiite factions gathered near the entrance to the heavily fortified Green Zone near the Suspension Bridge in Baghdad, attempting to breach the Zone and storm the US Embassy to express their anger over the assassination of Hezbollah Secretary-General Hassan Nasrallah.
In this context, an informed source told our agency, “Directives from the United States were issued this evening to its embassies in Iraq and Syria, raising the alert level in anticipation of any potential targeting.”
Earlier today, Hezbollah mourned Nasrallah who joined “the ranks of the great immortal martyrs he led for nearly 30 years, guiding them from victory to victory,” following an Israeli airstrike that struck a densely populated neighborhood in Beirut’s southern suburbs on Friday.
... as I mentioned before, that rate is tied to the per barrel of oil price selling by Iraq, not buying from Iraq, but selling from Iraq, and exporting to Egypt, to Turkey, to other countries that Iraq is exporting oil to it. So it’s tied to it. Now it’s fluctuating. If the high is down a little bit, it’s just something that’s a moving, moving number, a moving amount....
..So my point is, you’re gonna end up at the redemption center anyway, and if you have zim – nobody’s going to touch it except through Wells Fargo at the redemption centers. And let’s say we’ve got people that are in the hospital like we do with Tom. It could, they could take up 40, days for them to be able to still use the redemption centers.
So we’re going to set the appointment the best we can and try to get in there we can as soon as we can, sooner the better, because your Med bed appointment is predicated for the most part, on having gone through the redemption process once you get in there and talk to them about your dire Need, for example, in my case, or Tom’s case, or the fact that you have to have a medical problem, an issue, something needs to be resolved or fixed you have to do that and let them know that – in the redemption center when you go in and make your presentation –..
