MZ:The best time to do this was between 11PM est & 2AM est on a Saturday night into a Sunday Morning

 

SANDY INGRAM : Iraqi Dinar 2025 What to Expect? ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Hanan Al-Fatlawi Calls On Parliament To Pass The Budget Amendment As Quickly As The “Three Laws” Were Approved, 25 JAN

 Hanan Al-Fatlawi Calls On Parliament To Pass The Budget Amendment As Quickly As The “Three Laws” Were Approved

Friday 24 January 2025 | Politics Number of readings: 103   Baghdad / NINA / The head of the / Will / bloc, MP Hanan Al-Fatlawi, called on the House of Representatives to pass the amendment to the three-year budget law with the same speed with which it passed the three laws.

Al-Fatlawi said in a post on the / X / platform: "I call on the House of Representatives to pass the budget amendment with the same speed with which it passed the three laws within seconds."

She added: "Keeping the budget unamended means that the government will continue to pay one trillion dinars per month in salaries to the region, while companies in the region continue to produce 320 thousand barrels per day (870 billion dinars per month) that are smuggled outside Iraq and sold at low prices, much lower than SOMO prices, in addition to Turkey demanding a fine of $ 24 million per month for not exporting oil through the Iraqi pipeline extending to Ceyhan."

Last Tuesday, the House of Representatives voted on the three controversial laws (amending the Personal Status Law, amending the General Amnesty Law, and the Law on Returning Seized Lands to Their Owners) using the “one-basket” method, which sparked protests and objections from many representatives and political blocs, and resorted to challenging the legality of the vote, considering that the necessary quorum was not completed. https://ninanews.com/Website/News/Details?key=1181868

TIDBIT FROM BRUCE, 25 JAN

Bruce  

 [via WiserNow] 

 We have been looking to be notified since Tuesday...However, the latest piece of Intel...which was from the person in the treasury...that person said, everything will be taking off for all of us on Saturday [the 25th]...

So that is the plan, as it is now.  ...the information said that we'll be very excited about the rates. I think the rates are going to go higher, especially on Dong...and we know that they are contract on dinar, which tied to the per barrel price of oil, which is was in the low 80s. 

That's per dinar, by the way...the contract rate is only available at the redemption center...I think we're just really ready to go...We should be excited.

FIREFLY: THEY WILL COEXIST!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar, 25 JAN

 An Economist Shows The Monthly Government Spending And Its Impact On The Rise Of The Dollar

Friday 24 January 2025 18:48 | Economic Number of readings: 137   Baghdad / NINA / Economic expert Manar Al-Obaidi revealed today, Friday: "The average monthly spending of the Iraqi government in 2024 amounted to about 12 trillion dinars," noting that: "Adding the loans and advances obtained by government agencies and ministries, which are estimated at about 2 trillion dinars per month, raises the total government spending to 14 trillion dinars per month."

Al-Obaidi said in a statement: "The government sector usually works for 20 days a month, which means that the daily spending rate is about 700 billion Iraqi dinars," noting that "to cover this level of spending, the Ministry of Finance needs to sell at least $ 400 million per day to the Central Bank, so that the latter can provide the cash needed to cover government expenditures. "

He pointed out: "The Central Bank cannot provide the Iraqi dinar needed by the Ministry of Finance, except by selling its equivalent in dollars."

The economic expert explained: "The dollar sales by the Central Bank are directly linked to the increase in the size of government spending," indicating that: "The more spending, the more the Central Bank needs to sell larger quantities of dollars."

He added: "If this trend continues, we may reach a stage where the market witnesses daily sales ranging between 400 and 500 million dollars through the various mechanisms adopted by the Central Bank," warning that this reflects the direct impact of the rise in public expenditures on the currency market." / End8    https://ninanews.com/Website/News/Details?Key=1181860

TIDBIT FROM MARKZ, 25 JAN

 MarkZ   

[via PDK] 

 “Trump’s storm hits OPEC and ignites fears in Baghdad” From Remarks given by Trump at Davos…and “Drill Baby Drill”in the US…caused a drop in oil prices below $75. 

This will lower the cost at the pumps for us…and lower the cost of groceries soon …But Iraq is still well in the range they need for the RV.