MarkZ
[via PDK]
Article:
‘Iraq is witnessing security, stability and economic progress today’
These are some of the sound bites we were told to look for – just before they changed their value.
I know 2 people (…one personally) who have Super Petchelli bonds – that have appointments later on today… Another with historic assets has traveled and is in place for the transaction. To walk in…trade assets and walk out with dollars. We are seeing real measurable movement.
Questions: With all the sudden bond movement, what do you think that gives us a timeline for…us…Is this the week we have been waiting for.
MarkZ: I hope so…seems like some odd things are coming together. The government and banks in Iraq will be closing on both Tuesday and Sunday this week. Banks say they are taking a ‘bankwide inventory’. This was announced unexpectedly. My people on the ground in Iraq are excited. This is a golden opportunity for a rate change in my book.
Comment: So is it true the Dinar is on Forex and Bloomberg at this point. Yes still at 1310 but being up and live for the first time in 22 years would be an incredible preemptive step towards the RI and REER!
MarkZ: I know there are lots of rumors out …and yes we have seen some crazy rates popping again overnight last night. A systems test of some sort.
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Babysmom (TNT)
REMEMBER FOREX IS NOT SHOWING A RATE ON THEIR FRONT SCREENS WHICH IS THE SCREENS THAT ARE USED FOR EXCHANGES. THE RATES THAT ARE BEING SHOWN ON FOREX ARE ONLY SEEN BY TRADERS WHO WORK WITH IMPORTS AND EXPORTS. SEEING IT ON BLOOMBERG…WAS A BIG COUP. WHEN IT SHOWS ON THE FRONT SCREENS OF FOREX WE WILL HAVE LIFTOFF.
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Frank26 (KTFA)
A sovereign country must protect its borders, it’s air, its water, its land, everything. That is what Iraq is telling the world right now, that we are a sovereign nation therefore we have a sovereign exchange rate, a sovereign currency…that does not belong to 1310. IMO $3.22 belongs to Iraq.The pin has been pulled IMO on the Iraqi dinar…Trump…is using the ‘idea’ to play fair with currencies around the world. He’s convinced many counties to talk to him about that subject…Things are moving pretty fast IMO…
When they say this is the resumption of oil, that’s because there’s a change in something somewhere. It definitely clears the way for the salaries that have been longing for a new exchange rate, the HCL, the retirees, the lower notes, the gazette, the budget, the contracts, everything that has been guaranteed. Everything is waiting for the new exchange rate and the evidence of it is so strong…1310 is not the future of Iraq any longer…
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Samson (KTFA)
Articles:
‘The Presidency of the Republic issues a presidential decree appointing Judge Munther Ibrahim Hussein as President of the Federal Supreme Court.’;
‘Judicial source: Resigned judges return to the Federal Court after its presidency is changed.’
Article:
‘Baghdad agrees to pay salaries to Kurdistan Region employees under temporary understandings’Pimpy
Article:
‘As the Israel-Iran War concludes, the U.S. Moves to Reset Iraq’s Political Order’
That guys that was in their Supreme Court that’s causing all kinds of problems, he was finding cases in favor of Iranian-backed situations, causing a lot of tension in the Middle East, that person has been removed…One of the things I spoke about over the years is Iraq can never get their c**p together because of the Iranian influence. If you can remove that influence, I really believe Iraq could flourish…
Article quote:
‘To find middle ground the US is pushing for the Iraqi government to send KRG salaries immediately…since the KRG is a key component in the US strategy to reshape Iraq, Washington doesn’t want the region destabilized.’
That’s the thing about these people over in Iraq, not getting paid for months at a time. Unbelievable…
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MilitiaMan
There is a new [Iraqi] Federal Supreme Court President appointed today…Salaries are part of the ’23/’24 tripartite budget, they haven’t been paid yet. We also know the oil hasn’t flowed yet. But all these things are at the table at the same time just like the Supreme Court President, all today, same time, fascinating.
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Clare (KTFA)
Article:
‘The new Chief Justice of the Federal Court assumes his duties and thanks members for withdrawing their retirement requests.’Sandy Ingram
In June the World bank approved a $930 million loan for the Iraq railways extension and modernization project connecting Umm Qasr in the South and Mosul in the north. This investment will boost domestic trade, create jobs and reduce reliance on oil exports which is necessary for a revalue of the IQD.Source : dinarchronicles
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