Jon Dowling
Well it’s a fast start to a Monday.
Trudeau out, President Trump officially certified, despite a manufactured snowstorm. Nothing can stop what’s coming!
Iraq is paying the salaries of employees and the Kurds largest block. Watch Vietnam. Moves and countermoves.
Let’s see what else this week will bring?!
Walkingstick
The fact that Sudani is talking so much about the purchasing power to the Iraqi citizens is amazing...
It puts us exactly where we need to be with this monetary reform education...
IOO no prime minister has ever made such bold promises to the citizens of his nation.
These conversations of giving purchasing power to the citizens have never been seen in the Middle East nor said by a prime minister of the Middle East.
JON DOWLING
Ok I stumbled upon some very exciting news !!!!!
We know that Iraq and Vietnam are trading partners well I found this a few minutes ago.
They’re at par in countries rate and floating .
STATUS OF THE RV , PART. 2
I promised I would continue my weekly calls to Iraq to learn what is going on and that is what I fully intend to do.
I will be calling on Wednesday and relaying the info of my call to you on Thursday. I will ask about this Oil and Gas Law again.
Remember too that I need to unwind the mystery of what the hell is holding up the Project to Delete the Zeros and move ahead. Could simply be the Oil and Gas Law? The CBI seems to be at a standstill now.
It is my understanding, as told to me by my CBI contact, that they are monitoring the parallel market very closely at this point.
They are monitoring the economy for inflation as a result of this latest move of removing the currency auctions.
So far, the dollar has not changed all that much. The enormous spike in the dollar rate everyone expected did not occur, as the CBI said it would not.
So many of these economists were not correct. What do they know when it comes to this unchartered territory anyhow? These are all unprecedented moves by the CBI and there are no standard economic doctrines for them.
However, having said all this, there is still some very good news to share today.
We should all be happy nothing in Iraq or outside of Iraq may cause an issue. Many speculate the Trump will slap sanctions back on Iran soon after the inauguration. Folks, this is pure speculation.
The important part is that if this does occur, Iraq is much more sheltered from its effects due to moving the dollars sales to correspondent banks, outside of Iraq. The international auditing firms also protect the dollar sales from corruption, something that Iranian influence in the government perpetrated.
So, the US certified their electoral votes yesterday and so onward to the January 20th inauguration timeframe for President Trump for a second term. Will Trump be more responsive to Iraq than Joe Biden?
There is recent celebrating by the Central Bank of Iraq as it announces its success in adhering to its program related to the transition from external transfers through the electronic platform to the work of Iraqi banks through their foreign correspondent banks. Claims that the closure of the platform was expected to lead to an increase in demand for dollars in the parallel market, as many importers and traders rely on buying hard currency to meet their needs, thus driving up the price of the dollar even more. So far these claims have not occurred to any effective extent.
EXCERPTS FROM MARKZ
MZ: There is a good chance one of my Iraqi contacts will be sharing pictures of the new Iraq $20 note today . We do not want to get folks hopes up falsely.
So doing more vetting today. The conversation in Iraq is small denominations /notes. Why would they release small notes unless there is a value change?
MZ: Bond updates have been coming around 2-3 in the afternoon lately. Hopefully we have something fun to tell you tonight. I had 2 bond contacts yesterday who are looking to have their final contracts paid on or before the 10th.
