JENTEL NOTES: Tier 3 continues to complete. Trump has a deal to finish!! @DINARREVALUATION #iqd

 

IRANIAN PRESIDENT: WE ARE READY FOR COMPREHENSIVE COOPERATION AND TO OPEN A NEW PAGE WITH THE GULF STATES

IRANIAN PRESIDENT: WE ARE READY FOR COMPREHENSIVE COOPERATION AND TO OPEN A NEW PAGE WITH THE GULF STATES

Iranian President Masoud Pezeshkian announced on Sunday his country’s readiness for comprehensive cooperation and to open a new page with the Gulf Cooperation Council.

During the cabinet meeting, Pezeshkian said that Iran is ready for comprehensive cooperation with the Gulf Cooperation Council, and that “through this path, we can open a new page in our relations in the region itself, given the urgent need to strengthen ties and develop cooperation among Islamic countries,” according to the IRNA news agency.

The Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, condemned “in the strongest terms the missile attack launched by Iran against the State of Qatar.”

Meanwhile, Anwar Gargash, diplomatic advisor to the UAE president, said on Saturday that Iran “is required to restore trust with its Gulf neighbors.” 

Doha was hit by an Iranian missile barrage last Monday evening. Tehran claimed that the attack was not targeting Qatar, but rather the US Al-Udeid airbase on Qatari territory.

The targeting of Al Udeid airbase came in response to the US bombing of nuclear facilities inside Iranian territory. 

Hours after this Iranian response, the US president declared a ceasefire and an end to the escalation between Iran and Israel, which had lasted 12 days.

TIDBIT FROM MNT GOAT: This is part of the economy moving away from the rentier economy!!!

 Mnt Goat 

 ...Iraq keeps moving forward with their economy as in the article titled. “IRON ORE EXTRACTION, SULFUR AND DRY GAS INVESTMENT…THE GOVERNMENT IS DISCUSSING TWO REQUESTS AND A CHINESE OFFER”  The meeting was attended by representatives of several foreign companies...

So, Iraq is just not talking about exploiting their mineral resources they are doing something about it to bring it to market. This is part of the economy moving away from the rentier economy. 

 As investors we must stay focused. We can look at the Iranian / Israel conflict as holding things up, but for Iraq they keep trucking on and on.

 Al-Sudani stays focused on the objectives. Why?

 He knows that the SECRET to success is these industrial cities. He must get his country off the “rentier” economy.

FIREFLY: Saleh is on TV news saying Iraq is qualified to be the regional financial center #iqd

 

TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.

TRUMP: I WILL MEET WITH THE IRANIANS NEXT WEEK AND MAY ASK FOR A PLEDGE THAT IRAN WILL NOT RESUME ITS NUCLEAR ACTIVITY.

US President Donald Trump announced that he will meet with Iranian officials next week, and may ask for a pledge that Iran will not resume its nuclear activity.Trump said in a press conference: “Iran fought a brave war, and the Iranians want money to rebuild their country, and China can buy oil from them.”

He added: “We hit Iran hard before it could move any nuclear materials from the facilities we bombed.” Trump continued: “The war is over and we will meet with the Iranians next week, and I may ask Iran for a pledge not to resume its nuclear activities.”

(It would be very sad if the regime is not changed. This would be a “grave” mistake! Let’s pray that God’s will is done whatever happens.)

Iraqi Dinar (IQD) Update: Official & Parallel Rates Near Parity! 🚨

  Iraqi Dinar (IQD) Update:

Official & Parallel Rates Near Parity!  

Is a Major CBI Rate Change on the Horizon? As of July 1, 2025, at 6:53 PM AEST, the Iraqi Dina r’s official and parallel market rates are closer than ever, signaling potential seismic shifts in Iraq’s monetary policy. Let’s break it down with the latest data and what it means for Iraq’s economy.

-----

Latest Rates - Official Rate (Xe): 1 USD = 1,309.9950 IQD (1 IQD = 0.0007634 USD), sourced from Xe’s live currency converter, reflecting the Central Bank of Iraq’s (CBI) tightly controlled rate. - Parallel Market Rate: 1 USD = 1,315.00 IQD (1 IQD = 0.0007605 USD), based on a selling price of 131,500 IQD per $100 USD reported by @IraqMarketPulse on X (July 1, 2025, 14:30 AEST), with @BaghdadTrader noting a similar trend in Baghdad’s street markets.

The Gap is Shrinking! The difference between the official and parallel rates has plummeted to just 5.0050 IQD/USD, a mere 0.38% premium over the official rate. Compare this to June 17, when the gap was 128.96 IQD/USD (9.84% premium), or even earlier at 125.01 IQD/USD (9.54% premium) on June 18. In USD terms, the parallel market now values the IQD at a 0.38% discount (0.0000029 USD/IQD), down from 8.71% just two weeks ago. This is the tightest spread we’ve seen in recent history, bringing the rates tantalizingly close to parity. But what’s driving this convergence, and could it signal a major CBI policy shift?

WOLVERINE: CONFIRMED , WE ARE CLOSE: Everything is ready and in place!!#iraqidinar #iqd #iraq