DINAR REVALUATION UPDATE
Parliamentary: Sudani calls for the formation of an urgent Iraqi economic security cell no they cannot go no more without implementing the budget… so the economy wouldn’t go down the drain for good.
Monday, November 25, 2024
Coffee with MarkZ. 11/25/2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Gm everyone, Happy Manic Monday
Member: A new week of RV possibilities!!
Member: praying for some great news today
Member: No matter what, be glad you’re not a TURKEY this week
Member: A lot of rumors are pointing to tomorrow
MZ: Yes there are a lot of rumors about tomorrow…I’m trying to stay calm and see what happens.
Member: Lots of good stuff this weekend from MM and Nader
Member: wolverine says he is now under an NDA.
Member: Wolverine is a Bondholder. If he said he signed an NDA, he did.IMO…. Bondholders have stopped talking, fyi..
MZ: On the rumor side – I am waiting for bond contacts to sound off today. Its Monday and I rarely have a morning update.
MZ: On the group side and the bank side- there is a lot of chatter about tomorrow morning. Some of the group contacts do have me excited though. Not saying it’s going to happen…but there is a possibility of it tomorrow so we have a great Thanksgiving. Pray that hopefully this is it.
MZ: “Relative stability in the price of the dollar against the Iraqi dinar . What are the repercussions?” The repercussion are its better for the citizens and inflation doesn’t heat things up and it trades easier.
MZ: Shabibi kept saying give me safe and stable and I’ll give you a revaluation. Iraq is becoming the most stable country in the middle east.
MZ: “Iraq’s 2023 budget . Will the amendments get the budget back on track?” Remember the budget is for 2023, 2024, 2025…..They are talking budgets, tables, oil ect. this week. Several controversial laws are hitting parliament tomorrow.
MZ: “ Iraq announces the results of its population census: More than 45 million” What does that mean? Many people are returning to Iraq that had left during the war. These results allow them to properly divide and move funds.
MZ: The census being completes was another thing I was told they needed for the HCL…before they pull the trigger.
MZ: “ Parliamentary finance reveals budget paragraphs covered by the amendment” this includes all the stuff for voting on tomorrow. Its getting exciting in Iraq and we may just see RV this week. I am feeling very upbeat.
Member: Sudani did say before Dec 10th…..well this week is before Dec 10th.
Member: I do not have my hopes up for reset until we see the market crash and gold backed currency…maybe after Jan 20th?
Member: Well maybe Iraq will go first and alone instead…that would be very helpful to us all. Come on Sudani and Alak
Member: I heard a rumor the plan is to let Iraq RV and then the US treasury is going to invest it into XRP.
Member: XRP will be moving large amounts of money worldwide between banks and investment firms so it will have to have a high value
MZ: “X teases money transfer system as part of Musk’s everything app feature” He has been telling us that his vision for X would be an all in one. Remember that Musk created Paypal and then sold it. Think of it as another alternative to the SWIFT system . Elon Musk is to inject $104 billion into XRP? This is the rumor and its all over the crypto world right now. And it looks like XRP will be the backbone of this payment system. This is huge for all of you XRP‘ers
Member: I wish for an "RV" this week! We all need a wonderful holiday season for once.
Member: Pray this is our week of blessings to be Thankful for this holiday
Member: Thanks Mark and Mods and see everyone tonight.
We are joined by the folks from ATB this morning for an update from Fernando. Please listen to replay for his information
A representative shows the laws prepared for voting during the upcoming sessions, 25 NOV
A representative shows the laws prepared for voting during the upcoming sessions
MP for the Fatah Alliance, Rafiq Hashem, showed nowadays, Sunday, that the approaching parliament periods will witness balloting on essential draft laws.
Hashem said in a announcement to dinaropinions.com, “the upcoming parliament periods will witness voting on essential draft legal guidelines, inclusive of the non-public status regulation and the famous Mobilization regulation.”
He brought, “Many laws that challenge the Iraqi citizen and have been prepared for a 2d reading and others organized for voting can be included at the time table of the upcoming sessions after being postponed within the previous sessions.”
He talked about that “Parliament is eager to include laws that serve segments of Iraqi society in the imminent classes, maximum appreciably the Civil Affairs and popular Mobilization, in addition to other important legal guidelines.”
DINAR REVALUATION REPORT: THE BUDGET HAS BEEN VOTED ON AND DONE ALREADY, 25 NOV
💥💥💥HCL LAW💥💥💥
The budget has been voted on and done already.
They sent article article 12 and 13 to Kurdistan to give them the real data to implement the budget completely.....
Information / Baghdad..
Parliamentary Finance Member Moeen Al-Kadhimi revealed today, Monday, the paragraphs of the general budget included in the amendment.
Parliamentary Finance Member Moeen Al-Kadhimi revealed today, Monday, the paragraphs of the general budget included in the amendment.
Al-Kadhimi said in an interview with Al-Maalouma Agency, "The budget has already been voted on and does not need to be amended except for Articles 12 and 13 related to the costs of oil production and transportation in the Kurdistan Region and the resumption of exports through the Turkish port of Ceyhan."
He added that "the amendments that will be made to the budget aim to settle the differences and achieve stability in the oil file, provided that the regional government is honest with the numbers related to the quantity of production and stops exporting without the knowledge of the central government." End 25/S
Iraq to reopen Mosul International Airport in 2025, 25 NOV
Iraq to reopen Mosul International Airport in 2025
The spokesperson of the Iraqi shipping Ministry, Maitham Al-Safi, found out on Saturday that Mosul global Airport is predicted to be opened in 2025.
In a declaration to the Al-Safi indicated that 86 percent of the airport’s rehabilitation procedure is completed.
In overdue October, the Iraqi Minister of delivery, Razzaq Al-Saadawi, said that the airport became constructed in keeping with international specifications.
After present process sizeable paintings to upgrade its runway and facilities, the airport reopened on December 2, 2007. In 1990, it turned into first installed as a civil airport.
whilst the terrorist organization ISIS took ownership of the airport in June 2014, it have become an vital navy vicinity. They held it until February 23, 2017, whilst Iraqi troops reclaimed it.
reviews mentioned that terrorists sabotaged runways and gadget, causing enormous damage to the airport during the ISIS occupation.
maintenance of Mosul global Airport commenced after it become liberated. De-mining operations have been finished by using November 2019, and arrangements for a comprehensive reconstruction were commenced.
In December 2020, the Iraqi government signed agreements with Aeroports de Paris Ingenierie and SEA Milan Airports for the reconstruction of the airport.
The rehabilitation of the airport in northern Iraq is taken into consideration critical for improving regional connections and helping in the local economy’s revival after years of warfare.
moreover, the healing of Mosul international Airport represents a first-rate milestone in the healing of Iraq’s transportation system and infrastructure, particularly for the humans of Nineveh governorate.
DINARLAND UPDATE, 25 NOV
DINARLAND UPDATE
Summary
Iraqi Dinar updates reveal potential changes in governance, economic agreements, and cautious projections on currency value.
Highlights
- 🏛️ Parliament plans to dismiss Central Bank Governor Ali Alak.
- 📅 Legislative session expected to resume next week before December 10th.
- 💵 Nater predicts dinar will not exceed $4 upon reinstatement.
- 📉 Frank 26 cautions about speculative investments in the dinar.
- 🇺🇸 American companies sign trade agreements in Kurdistan.
- 📊 Census results may impact fund distribution and dinar value.
- 🔋 Discussions with Putin highlight energy strategies impacting exchange rates.
Key Insights
- 🏛️ Parliamentary Action: The potential dismissal of Central Bank Governor Ali Alak signals a shift in monetary policy and governance, crucial for future economic stability. 🏛️
- 📅 Legislative Session: The upcoming parliamentary session aims to finalize key legislation, including the HCL, which is essential for economic reform and investor confidence. 📅
- 💵 Dinar Value Predictions: Experts suggest the dinar may stabilize around $3 to $4, emphasizing that unrealistic expectations can lead to disappointment for investors. 💵
- 📉 Speculative Investment Risks: Frank 26 reminds investors that the dinar is not a quick wealth scheme, warning that significant value changes could take years based on Iraq’s economic performance. 📉
- 🇺🇸 Foreign Investment Growth: The agreement between American companies and Kurdistan to enhance trade indicates a positive trend for economic development and potential currency strength. 🇺🇸
- 📊 Census Impact on Value: The anticipated census results are expected to be pivotal in determining fund distributions and could lead to a revaluation of the dinar, affecting overall market dynamics. 📊
- 🔋 Energy Discussions: Conversations between Iraqi leaders and Putin highlight the importance of energy resources in shaping Iraq’s economic future and their influence on exchange rates. 🔋
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