Saturday, February 8, 2025

TIDBIT FROM MARKZ, 8 FEB

 MarkZ  

 [via PDK]

  From Iraq: “Complex networks and methods of smuggling dollars from Iraq to Iran...American report reveals the details”  

This lays out the perfect reasons to have an RV and fix it.  All they need to do to fix this is revalue the Iraqi currency…the dinar.

CRYPTO TRADER: it would be prudent for such a huge investment deal to be signed post the revaluation

 


Member of Parliamentary Finance Committee warns of investment projects being affected by delay in 2025 budget schedules , 8 feb

  Member of Parliamentary Finance Committee warns of investment projects being affected by delay in 2025 budget schedules 

2/7/2025  

Member of the Parliamentary Finance Committee, Jamal Kojer, warned of the repercussions of the delay in approving the 2025 budget, indicating that "this will negatively affect investment and service projects that depend on financial liquidity.

Kocher told Al Furat News Agency, "The delay in the budget will hinder the implementation of vital projects and will affect the level of services provided to citizens," stressing that "employee salaries will not be affected in any way."

He called on the concerned authorities to expedite the approval of the budget to avoid disrupting vital sectors and ensure the continuity of economic development. Raghad  LINK

FIREFLY: Television shows the United States president canceling the exception to allow Iraq to obtain electricity from Iran!, 8 FEB

 Frank26  

 [Iraq boots-on-the-ground report]  

FIREFLYTelevision shows the United States president canceling the exception to allow Iraq to obtain electricity from Iran. 

 Television says we have the capability to have our own electricity, enough to handle our own supply. 

 FRANK:  It is being set up to be as powerful as your currency...Trump wants you to stop buying it from Iran...

MARKZ: WE EXPECT THE RV ONCE THE the HCL was complete! @DINARREVALUATION #iraqidinarinvestor

 


Special Representative of the President of the Russian Federation visits Baghdad and meets a number of officials , 8 feb

  Special Representative of the President of the Russian Federation visits Baghdad and meets a number of officials 

2/7/2025  Baghdad /

Baghdad received the Special Representative of the President of the Russian Federation for the Middle East and Africa, Mikhail Bogdanov.

Bogdanov met with Prime Minister Mohammed Shia al-Sudani, Foreign Minister Fuad Hussein and several important figures. During the talks, current issues related to strengthening traditional and friendly Russian-Iraqi relations were discussed, including the implementation of agreements reached at the highest levels.

During the meetings, Moscow and Baghdad's commitment to active political dialogue and strengthening mutual cooperation in various fields, with a focus on trade, economy and energy, were emphasized.

The Russian side expressed its support for the efforts of the Iraqi leadership to enhance internal political stability, combat terrorism, confront security challenges, solve economic and social problems, and enhance Iraq's regional role in the Arab arena. There

was also an in-depth exchange of views on regional issues of common interest, where the need to maintain the ceasefire in Lebanon and the Gaza Strip, find a just and rapid solution to the Palestinian issue, and launch a comprehensive political process in Syria with the participation of all ethnic and sectarian components and political forces to ensure its territorial integrity and sovereignty was emphasized.  LINK

CRYPTO TRADER: : it would be prudent for such a huge investment deal to be signed post the revaluation, 8 FEB

CRYPTO TRADER 

#IQD

As the article says it will be signed in the first half of February,what can possibly be the hold up.

Imagine of they were to bring in USD now and convert to IQD and it revalues they will be making huge loss on the forex conversion.
Say initially they bring whatever amount in USD at 1310 IQD/USD. If IQD were to revalue to even 0.76 they are going to take hit on conversion. 

If they were given indication that IQD will be revalued in the near future it would be prudent for such a huge investment deal to be signed post the revaluation.
I am not speculating on the date but this article is significant as Sudani stayed back 3 extra days to change the security status from red to orange and announced this deal. He must have given assurances for such a large private sector investment. I may be wrong but that's how I see it.
Quote
crypto trader
@bnftrade
#IQD "Sharing profits" .. British Petroleum prepares to invest $ 25 billion in Kirkuk. For context the investment is one fourth the size of Iraqi reserves.

DINAR REVALUATION INSIGHTS: 🛢️📊 Analysis: The Role of Iraq’s Sovereign Wealth Structure and Its Potential Impact on Dinar Stability

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