Jeff
Nope, they haven't stopped [the "auctions"]. They're resuming. They sell U.S. dollars daily abroad...because Iraq doesn't have a tradable currency.
These remittances will continue until the rate changes.
The only real change that's happened is the dollars...are transferred now at the banking level instead of the central bank level.
They're preparing the banks to be able to transfer foreign currencies abroad and be ready for the rate change when it occurs...
STATUS OF THE RV
First, I need to say there is no RV yet in-country or outside of the country. There are no newer lower denominations being distributed in Kurdistan or elsewhere in Iraq.
No, the ATMs are not loaded with these notes either. The new IQD rate we hope to see is not yet on FOREX. Contractors are Not being paid the new RV rate.
Please don’t listen to all this foolishness going on with these idiot intel gurus and Youtubes. They have no proof of what they say and just spread senseless rumors as they have been doing for the last decade.
Next, let’s get into the real news of this period.
So, the news this period is all VERY GOOD!
It may not be exactly what we all hoped for but nonetheless VERY GOOD. It is only early January of 2025 and we are still waiting for the news of the second in-country revaluation that they told us to expect once they get the parallel market under control.
Is it now under control?
😊Next let’s revisit this damned Oil and Gas law. Yes, I know we are all sick and tired of it.
I wish that Iraq could just pass it and get it done.
Remember that this is a constitutional requirement for the Iraqi new 2005 constitution. We have been told many times in articles that this “referendum” must be written and passed as part of the “Stability” for Iraq. I hope everyone can see exactly why they are telling us this.
You can go read the entire article today titled “ A GUARANTOR OF ZEROING OUT CRISES.. PARLIAMENTARY DEMANDS TO LEGISLATE THE OIL AND GAS LAW”. In the articlethe Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, “to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.” Why the urgency? WOW, WOW, WOW! Their words not mine! 😊
The bloc’s spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, “The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil,” noting that “the law was very late in being included in the central government.” This last statement is all telling.
To me it sounds like it’s one of the last, if not the last piece from the constitution to forming their new central government. Yes, it has taken this long already and enough is enough.
Anyone with half a brain can see that the Oil and Gas Law (or HCL) is NOT completed.
Really now, how can anyone say this knowing that they keep publishing these articles on this subject matter. Why do these idiot intel gurus keep telling you it's all done?
Many tell you they “assume” its all done as it no longer is in the news. But yes, it is in the news! Well… here is yet another article out of many about it and this time they are telling us its urgent. Could this be a piece of the puzzle in getting this RV that most just ignore by saying it’s done and so they don’t pay attention to it. Let’s explore this more today, okay?
This article seems to me the most urgent I have read so far on this subject matter. Why now? Folks they told us in early 2023 that they would resolve this issue that year, but here it is two years later.
Is this yet another issue that must be resolved prior to moving ahead with the currency reform? Have they set a target date for this? Are they trying to tell us something?
Okay so what do know for a FACT about this law? We know that the law had been passed on to parliament already and the first reading conducted. That was a year ago. Then it was passed back to Al-Sudani’s cabinet for changes and they are sitting on it. So far these changes have not surfaced back to parliament in the new law for a second reading.
Why? I believe it is held up because these changes are part of what we are looking for. Remember that oil revenues are not going to be the sustainable future for Iraq. They must go to other sources of revenues as they are now doing. We read about its successes in today’s articles.
MAJEED
MZ: I had a good article on that yesterday. The current auctions are strengthening external balances in banks. They specifically said they are strengthening the exchange rate.
Member: do you see the Iraq dinar going by itself?
MZ: I know there are some that claim that…..but I don’t think so. My sources still think its going at the same time as the rest of our currencies.
Member: Nader just posted 1170 IQD per one Us dollar
Member: is the dinar floating?
MZ: Its floating in the parallel market in a direction that supports us. It was 1500 a few days ago in the parallel markets which mean we are watching the dinar gain value in the free market. They are changing how auctions work and want us to know why..
CENTCOM reveals operations in Iraq, Syria to defeat ISIS
Shafaq News/ The Central Command (CENTCOM) and partner forces conducted operations in Iraq and Syria, from December 30, 2024, to January 6, 2025, in support of the ongoing campaign to defeat ISIS.
From December 30 to January 6, Central Command and Iraqi forces conducted multiple strikes in the Hamrin Mountains of Iraq, targeting known ISIS positions. The operations disrupted and degraded ISIS’s ability to plan, organize, and conduct attacks against civilians in the area, as well as U.S. citizens, allies, and partners throughout the region and beyond.
He noted that during the operations, ISIS fighters clashed with coalition forces on several occasions, which led to the use of coalition airstrikes, using F-16s, F-15s and A-10s. The A-10s, tasked with supporting ground forces in the area, succeeded in eliminating ISIS fighters inside a cave.
One coalition member was killed and two from two different countries were injured. There were no injuries to U.S. personnel or damage to U.S. equipment.
He noted that from January 2 to January 3, the Syrian Democratic Forces, empowered by Central Command forces, conducted an ISIS operation near Deir ez-Zor, Syria, resulting in the capture of the leader of an ISIS attack cell.
The statement stressed that the United States and members of the Multinational Joint Task Force – Operation Inherent Resolve (CJTF-OIR) maintain our continued commitment to combating ISIS.
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