FIREFLY:Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change. Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables.
FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...
The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate. Everything waits for it...
TO PROTECT HIS SAVINGS.. DOLLAR FLUCTUATIONS “FORCE” IRAQI CITIZENS TO BUY “GOLD”
Economic affairs specialist Alaa Al-Fahd revealed, today, Thursday (January 16, 2025), the reason for the recent increase in gold imports in Iraq.
Al-Fahd told Baghdad Today, “The increase in gold imports has several economic implications, including that citizens are working to keep gold as part of their savings, as it is more reliable and stable, as a result of the fluctuations in the dollar.”
He explained that “the other reason is an improvement in income levels with a savings surplus, and this is what drives citizens to buy gold, and this is part of the positive situation, as the process of increasing gold imports is a healthy economic situation, and this is reflected in the Iraqi market.”
Citizens usually prefer to buy gold during times of instability, rising inflation rates, economic problems, and fluctuations in the buying and selling of the dollar, as it is a safe haven and a protector from the risk of financial market collapse.
Experts say that the importance of saving gold has several advantages, the most important of which is that gold savings accounts provide their owners with a unique opportunity to diversify their investment portfolios and protect their wealth from market fluctuations.
Others say, “Gold retains its value over the long term, and is easy to sell, because it is unlikely to be worth less when you buy it.
HERE ARE the current and future prospects of the Iraqi dinar, as discussed by various financial experts and analysts.
Sandy Ingram highlights several potential scenarios for the value of the dinar as we move into 2025, focusing on the implications of Iraq’s oil reserves, economic reforms, and global market conditions.
The conversation emphasizes the dynamic nature of currency valuation, which is influenced by external factors such as global oil prices and internal factors like political stability and economic management.
There are several possibilities for the dinar, ranging from gradual appreciation to potential revaluation or redenomination, all contingent on Iraq’s economic performance and international support.
Other contributors, such as Mark Z and Frank 26, provide insights into Iraq’s expanding resource base and the importance of international trade relationships, particularly with China. The removal from the ‘red list’ signifies a positive shift for Iraq, allowing it to engage more freely on the international stage. Overall, the discussion points to a mixed outlook for the dinar, marked by both opportunities for growth and significant risks.
🌍 Oil Dependency: The Iraqi dinar’s value is heavily tied to global oil prices and Iraq’s oil production capabilities.
📈 Potential Appreciation: If oil prices remain high and Iraq diversifies its economy, the dinar could appreciate in value.
⚖️ Risks of Depreciation: A significant drop in oil prices could lead to stagnation or depreciation of the dinar due to budget strains.
💡 Revaluation Possibility: There is a possibility of revaluation or redenomination of the currency, contingent on strong economic fundamentals.
📊 International Relations: Iraq’s trade relations, particularly with China, are expanding, which may have positive implications for its economy.
🔄 Removal from the Red List: Being removed from the ‘red list’ allows Iraq to engage in international trade without restrictions, potentially boosting investor confidence.
🏦 Speculative Currency: Currently, the dinar remains a speculative currency, uncertain in its future value due to various influential factors.
Key Insights
📉 Oil Prices and Currency Value: The Iraqi dinar’s reliance on oil revenues is a double-edged sword. High global oil prices can lead to increased foreign currency influx, strengthening the dinar. However, if prices plummet, Iraq’s budget could face severe strain, leading to depreciation. This dependency underscores the need for Iraq to diversify its economy beyond oil, which would buffer the currency against international market fluctuations.
💰 Economic Diversification and Corruption: The potential for the dinar to appreciate hinges not only on oil prices but also on Iraq’s efforts to diversify its economy and tackle corruption. By reducing reliance on oil and improving governance, Iraq could enhance investor confidence, which is critical for attracting foreign investment and stabilizing its currency.
🔍 Revaluation and Redenomination:
The possibility of revaluation or redenomination of the dinar could simplify transactions and enhance its global perception. Such actions are generally indicative of a robust economic framework and require international support. The implications of these changes could lead to improved liquidity and a more favorable trading environment for the dinar on international markets.
🌐 International Trade Relations: Iraq’s burgeoning trade relationship with China, reaching $50 billion, is a significant development. This partnership could bring in much-needed foreign investment and diversify Iraq’s economic base. As foreign trade expands, it could create a more resilient economy less vulnerable to fluctuations in oil prices.
🚀 Removal from the Red List: Mark Z emphasized that Iraq’s removal from the ‘red list’ is pivotal for attracting international companies. This status change indicates a shift in perceptions of risk associated with investing in Iraq, thus enhancing the attractiveness of the Iraqi dinar as a stable currency. This change could lead to increased foreign direct investment, fostering economic growth.
📈 Speculative Nature of Dinar: The dinar is currently viewed as a speculative currency, with its future value uncertain. Investors are cautious, given the myriad factors influencing its valuation, including political instability and economic management. This speculative nature reflects the broader challenges facing emerging markets, where investor sentiment can swing dramatically in response to changing conditions.
🏛️ Political Stability and Economic Reforms: The future value of the dinar is deeply intertwined with Iraq’s political landscape and its commitment to economic reforms. Stability in governance is essential for implementing policies that promote economic growth. Without meaningful reforms and a stable political environment, the dinar’s potential for appreciation remains limited, posing risks for investors.
IRAQI MPS TO FACE ONE MILLION ID FINE FOR MISSING PARLIAMENT SESSIONS
Jan. 20, 2025
Al-Mashhadani stressed the necessity of achieving a quorum in parliament, noting that the frequent absence of a significant number of MPs has severely hindered the process of passing crucial legislation and making urgent amendments to existing laws.
ERBIL (Kurdistan24) – The Iraqi Parliament Speaker Mahmoud al-Mashhadani on Sunday announced that any member of parliament (MP) who misses a session will be fined one million Iraqi dinars. Al-Mashhadani met with the heads of parliamentary factions to address the issue of MPs not attending sessions, which has severely impacted the legislative process in parliament.
“In the coming days, we will revise the parliament bylaw to impose fines on MPs who miss sessions and to publish the names of absent MPs on the official parliament website,” the speaker told a Kurdistan24 correspondent.
WOLVERINE LIVE CHAT JANUARY 21, 2025 (Transcribed by Carpathia) SPECIAL GUEST MIKE BARA
They told us it was all going to start today, and guess what? IT WILL START TODAY. I mean notifications should go out and everything will start tomorrow with the release of funds. I have spoken with the platform owners and they have the payment orders. And tomorrow, things will start working!
Not everyone starts tomorrow. It's a process. Some will start tomorrow, some will start the next day and the next, but it starts from tomorrow. Some platforms will start on February 1 or 2, some platforms a little later. But with the Grace of God, tomorrow will be D-Day.
Iraq was going to start yesterday. But it looks like this will start TODAY. It's now 4 a.m. in Iraq and, hopefully, in a couple of hours, that dinar will go international in the foreign exchange market and we will receive the big news in a couple of hours so we can celebrate.
This has been a long journey for all of us. Many people have been told to go to banks for quite some time and nothing has happened, but now it seems that everything is ready. The liquidity and money are there and we are ready to go.
Just yesterday, I posted a message thanking Charlie Ward. I've talked to Charle a couple of times and he told me a while ago that nothing would happen until Biden was impeached, and that was almost two years ago. It wouldn't make sense for Biden to take all the glory.
However, I was still receiving all the information to the contrary, and others were also receiving information to the contrary: Bruce, MarkZ and others were used to create misinformation to catch the "bad people".
Are they using me now? I don't think so, no, because the people I've talked to, people who actually have appointments with the banks, and I've seen bank accounts, everything is ready to go.
THIS TIME IT'S REAL! IT'S REAL!
I'm excited. Yes, but I won't get excited until I get the big call that Wolvie is releasing that opera. As soon as the notifications go out, the opera will be released immediately! Then Carpathia will be ready either at 4 in the morning or before. I'm excited because tomorrow I know we'll be able to celebrate. I thank President Trump, because with him, now it comes at lightning speed.
The medical beds will arrive this week (that's what we've been told) and in Brazil they said they were going to get the green light for the medical beds. I don't control this and neither do they.
As soon as we get the green light for the RV, we should get the green light for the medical beds.
The NDA is really strict. I can't speak to a particular platform regarding a certain platform, I will break that NDA and will not receive payment on that platform.
Be careful your NDA, which you sign at the redemption center, should not be torn. When you get paid, go straight home and celebrate privately at home. Don't go out in public and get in the mood to say what you shouldn't.
It's a process, some of you will NOT get paid tomorrow. Some will receive their payment the next day or the next day. They will have an appointment, which means they may not go to their appointment on the same day, it may be the following week.
In Australia, we have HSBC. We were told we could have Citibank, but HSBC is Australia's.
In the United States, there is Wells Fargo and Bank of America. A while ago, Chase was taken off the list.
In England, I think it's HSBC.
They will find out your location when they call your 800 number and they will give you the information.
YELLOW DRAGON BONUSES as soon as we receive the message that those tables are closed, they will be closed on that platform. All platforms will be closed.
I have a special guest, a true patriot, a man who has done everything he can to give us hope and information. He has also been a special guest on MarkZ and Jen-tel.
MIKE BARA now takes the microphone.
TRANSLATE IN SPANISH
CHAT EN VIVO DE WOLVERINE 21 DE ENERO DE 2025 (Transcrito por Carpathia) INVITADO ESPECIAL MIKE BARA
Nos dijeron que todo iba a comenzar hoy, y ¿adivinen qué? COMENZARÁ HOY. Quiero decir que deberían salir notificaciones y todo comenzará mañana con la liberación de fondos. He hablado con los propietarios de plataformas y tienen las órdenes de pago. ¡Y mañana, las cosas comenzarán a funcionar!
No todos comienzan mañana. Es un proceso. Algunos comenzarán mañana, otros comenzarán al día siguiente y al siguiente, pero comienza a partir de mañana. Algunas plataformas comenzarán el 1 o 2 de febrero, algunas plataformas un poco más. Pero con la Gracia de Dios, mañana será el Día D.
Irak iba a comenzar ayer. Pero parece que esto comenzará HOY. Ahora son las 4 a.m. en Irak y, con suerte, en un par de horas, ese dinar se internacionalizará en el mercado de divisas y recibiremos la gran noticia en un par de horas para poder celebrar.
Este ha sido un largo viaje para todos nosotros. A muchas personas se les ha dicho que vayan a los bancos durante bastante tiempo y no ha sucedido nada, pero ahora parece que todo está listo. La liquidez y el dinero están ahí y estamos listos para empezar.
Ayer mismo, publiqué un mensaje en el que agradecí a Charlie Ward. He hablado con Charle un par de veces y me dijo hace un tiempo que no pasaría nada hasta que Biden fuera destituido, y eso fue hace casi dos años. No tendría sentido que Biden se llevara toda la gloria.
Sin embargo, yo seguía recibiendo toda la información de lo contrario, y otros también estaban recibiendo información de lo contrario: Bruce, MarkZ y otros fueron utilizados para crear información errónea para atrapar a las "malas personas".
¿Me están utilizando ahora? No lo creo, no, porque la gente con la que he hablado, gente que realmente tiene citas con los bancos, y he visto cuentas bancarias, todo está listo para empezar.
¡ESTA VEZ ES REAL! ¡ES REAL!
Estoy emocionado. Sí, pero no me emocionaré hasta que reciba la llamada importante que diga que Wolvie lanza esa ópera. ¡Tan pronto como salgan las notificaciones, la ópera se lanzará de inmediato! Entonces Carpathia estará lista ya sea a las 4 de la mañana o antes. Estoy emocionado porque mañana sé que podremos celebrar. Agradezco al presidente Trump, porque con él, ahora viene a la velocidad del rayo.
Las camas médicas llegarán esta semana (eso es lo que nos han dicho) y en Brasil dijeron que iban a obtener luz verde para las camas médicas. No controlo esto y ellos tampoco.
Tan pronto como obtengamos luz verde para el RV, deberíamos obtener luz verde para las camas médicas.
El NDA es realmente estricto. No puedo hablar sobre una plataforma en particular con respecto a una plataforma determinada, romperé ese NDA y no recibiré el pago en esa plataforma.
Tenga cuidado con su NDA, que firma en el centro de canje, no debe romperse. Cuando le paguen, vaya directamente a casa y celebre en privado en su casa. No salgan en público y se pongan de humor para decir lo que no deben.
Es un proceso, algunos de ustedes NO recibirán su pago mañana. Algunos recibirán su pago al día siguiente o al día siguiente. Tendrán una cita, lo que significa que es posible que no vayan a su cita el mismo día, puede ser la semana siguiente.
En Australia, tenemos el HSBC. Nos dijeron que podríamos tener Citibank, pero HSBC es el de Australia.
En Estados Unidos, está Wells Fargo y Bank of America. Hace un tiempo, sacaron a Chase de la lista.
En Inglaterra, creo que es HSBC.
Descubrirán su ubicación cuando llamen a su número 800 y ellos les darán la información.
BONOS DEL DRAGÓN AMARILLO tan pronto como recibamos el mensaje de que esas mesas están cerradas, se cerrarán en esa plataforma. Todas las plataformas estarán cerradas.
Tengo un invitado especial, un verdadero patriota, un hombre que ha hecho todo lo posible para darnos esperanza e información. También ha sido invitado especial en MarkZ y Jen-tel.
