National Union: We are working to activate Article 140 to serve the disputed areas, 3 OCT

  National Union: We are working to activate Article 140 to serve the disputed areas

The Patriotic Union of Kurdistan confirmed that it is working to support and assist the disputed areas and is working to resolve this issue in accordance with the permanent Iraqi constitution.

The Patriotic Union of Kurdistan announced, within the program of List 129 for the Kurdistan Parliament elections, several points to serve the disputed areas, which are working to activate Article 140 of the permanent Iraqi constitution and implement all its paragraphs, in addition to  normalizing the security, military and political conditions in the disputed areas that are going through abnormal conditions due to the repercussions of the referendum.

The Patriotic Union stressed that it insists on the share and entitlement of the Kurds, according to the election results, in the administration of those areas and the continuation of assistance to service institutions in the disputed areas, especially the Kurdish areas that were neglected by the administrations imposed on those areas and support for Kurdish studies in those areas and the acceptance of a good number of students in the universities of the region and  support and assistance to Kurdish cultural, artistic and sports institutions in the disputed areas. link

THE RV WILL OCCUR AFTER THE NOV 5TH VOTING BY MNT GOAT, 3 OCT

 Mnt Goat 

  I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting...

In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. 

I was told this is now planned to begin shortly after the voting is over and the winners are announced.  I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.

PIMPY: Zim dollar update for 10/01/24 - The Zig loses 43

Economist outlines financial options as oil declines...and warns, 3 OCT

 An economic expert revealed the options available to the Ministry of Finance if oil prices continue to decline.

Salah Nouri told Al Furat News Agency: "The decrease in the selling price of exported oil affects the Ministry of Finance's commitment to financing the (current and investment) budget."

He explained that "the options before the Ministry of Finance are either to proceed with implementing the budget paragraphs, which means increasing domestic borrowing, which in turn affects the liquidity of government banks and the employees' pension fund, which are the lending entities, or to reduce funding for investment projects and some paragraphs of the current budget."

He warned that "reducing funding and spending leads to economic recession."

Nouri continued, "From a psychological and behavioral perspective, citizens with limited incomes fear the further decline in prices, which leads to a reduction in their monthly spending."  link

EXCERPTS FROM MARKZ, 2 OCT

EXCERPTS FROM MARKZ

MZ: “ Kurdistan Regional Government unveils upcoming tripartite meeting to resume all oil exports” Things are moving. Stability is there. Along with salaries being paid – this is all part of the HCL agreement. They did not give up the date of this meeting…..It may have already occurred. 

MZ: “World Bank: Iraq has taken steps to develop Human capital” That sounds creepy due to translations. But it means they are taking care of their people. Education, Health Care and an educated work force. 

MZ: “Iraqi dinar under pressure amidst regional tensions” They hid in this article a piece that we really like…They are shrinking the dinar note count which will increase the value.

Member: Did your bond contact get back with you after last nights appointment?? @Mark

MZ: On the bond side. The contact I was hoping could give me an update said they are now under an NDA. I am confident they got paid something at the table or they would not have signed it.

MZ: A couple other bond folks told me they did get their final paperwork but the plan is not to pay the until early next week. So paperwork is final…process is started but they will not get full release of their funds until next week. 

MZ: I very much believe October will be our month…..I think we finally got off “stuck” in September and will see the fruition of it in October. 

FRANK26: THEY TOLD US THAT WILL REMOVE THE THREE ZEROS SOON

 

https://youtube.com/shorts/c-adJxMx8_o?si=pXSBIf-oNdp26Yyr

                                       @DINAR REVALUATION

EXPERT COMMENTS ON THE RETURN OF THE DOLLAR EXCHANGE RATE IN BAGHDAD, 2 oct

EXPERT COMMENTS ON THE RETURN OF THE DOLLAR EXCHANGE RATE IN BAGHDAD

Today, Thursday (September 26, 2024), Mustafa Hantoush, a researcher and specialist in financial and banking affairs, commented on the return of the dollar exchange rate to rise in Baghdad.

Hantoush said in an interview with Baghdad Today, “The dollar exchange rate in the local market is neither constantly rising nor constantly falling, but rather fluctuating, which means that solutions are possible to control this price, and the government has begun working on some solutions, including the directives of Prime Minister Mohammed Shia al-Sudani to return banking competition and not monopolize dollar transfers and others on some banks, as this competition will lead to greater stability in the exchange rate of the Iraqi dinar against the dollar.”

He explained that “there is a government trend to support the Iraqi banking system so that there are no specific banks controlling foreign transfers, and this is a good and important step,  in addition to developing international financial and banking relations, especially with the American side through the Prime Minister’s meeting with the US Deputy Secretary of the Treasury and discussing the status of the banking system and the dollar, and the meeting of the Central Bank of Iraq less than a month ago with the Treasury and the agreement to contract with the consulting company (Olver Wyman) to review the status of the Iraqi system (restricted by the dollar), which is supposed to sign a contract with it soon, which will have a positive impact on the dollar exchange rate file, and this matter reassures the street and reassures the market.”

He added, “The Iraqi government can work to create an official platform for the issue of trade with Iran and Syria using remittances or gold, in order for imports to be legal, and this reduces the great demand for the dollar through the parallel market, which is the main reason for the dollar’s rise above its official price.”

The US dollar exchange rate witnessed a significant increase in the past few days, reaching 152 thousand Iraqi dinars for every 100 US dollars in the main stock exchanges in the capital, Baghdad, as well as in the local markets, after it had recently witnessed a decline of 147 thousand dinars.