Mountain GoatThe CBI is still moving forward at a fast pace to complete the monetary reform and follow Dr Shabibi’s plan of 2011. But the U.S. will have to let go and let it happen. This will end their control over Iraq…finally! The U.S. has said already they intend to sign-off with caveats.
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MarkZ
[via PDK]
There is progress from Iraq…on HCL and Erbil gas laws. They are hopeful it will be finished this week. Big things happening over there.
There is really good news out of Iraq today…really good news.
Article:
‘Kurdish delegation arrives in Baghdad to finalize oil export deal’
This is HUGE news. It is expected to be finalized today. Tomorrow at the latest from what my contacts in Iraq are telling me.
Article:
‘The Kurdistan region agrees to deliver oil to Baghdad, and final agreement within 24 hours’
The news coming out of Iraq right now is fantastic. It looks like today is the day on this front. An announcement tomorrow is expected…
Question: On a scale of 1 to 10 how sure are you we will get a new rate with the gas and oil law. Personally I’m sitting at an 8…There is a lot of key stuff coming together all at the same time…I am very cautiously excited at how close we are. You all should be jumping up and down in excitement.
Question: Do you think the Kurdish salaries will be paid in the new rate.
MarkZ: I think yes-probably …They put a provision in the 23, 24, 25 budget for a rate change…a mechanism that lets them immediately change pay rates/exchange rates.
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Frank26 (KTFA)
Everything about the oil issue is agreed upon and not only agreed upon but is being implemented. If we get the laws…than that means the salaries will be paid immediately, no delay…It’s now down to nothing more than a flip of a switch. Of course the Iranian politicians are angry. You can’t steal digitalization currency…Sudani is in full control 100%…and Baghdad agreed to this. This is very very good.
Did you see that President Trump sent letters. Were they letters or emails. I guess they were emails. We don’t send letters anymore…To about 200 countries that he’s trying to tell them play fair with your exchange rate against my dollar…President Trump sent an email to all of these nations…He says, ‘Look, the only way I’m going to take those tariffs off is if you fix your exchange rate of your currency’…Isn’t the goal for the Iraqi dinar to be digital. Yes, check it off the list. Isn’t the goal for the Iraqi dinar to have purchasing power. Yes. Check it off the list. ‘No. No. No. Wait. Stop. No Frank no. You can’t check that off the list!’What if I prove to you it’s not 1310 anymore. What would you say. I think you should say something’s happening to the exchange rate. The American dollar is being removed out of Iraq. In doing so the value of the Iraqi dinar is going up.
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MilitiaMan
Article:
‘Special representative of the Secretary General of the United Nations in Iraq…stressing the country has become open to foreign investments…The stability achieved in Iraq did not come by chance but is the fruit of collective will and precious sacrifices. Iraq distanced itself from the surrounding political problems…We only expect to see a strong and regional and global status for the country of Iraq.’
It’s so true. Everything that’s been happening…the last two and a half to three years has been utterly stellar. It’s been phenomenal…It’s a testament that Iraq is safe, secure and has sustainability.I don’t know if you guys saw this or not but on Friday, the United States Treasury sanctioned some people in response to mixing Iranian oil with Iraqi oil. New technology can…find it. They can tell where some of the oil comes from or if there’s two mixes in it, they know where both come from.
Walkingstick (KTFA)
There are a handful of devices protecting the new exchange rate…two printings in the gazette…12-2C… Council of Ministers…Sudani…Salaries that are being guaranteed to be paid to oil companies past and future…there’s a budget protecting the new exchange rate.
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Jeff
They have a lot of older steps coming forward very close to the timing of this new budget period…they’re about to approve the budget amendments. Some of the long-awaited items they’re waiting for do require the rate change and they do suggest they’re about to come forward in very close proximity, maybe during the second half of July…
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Fnu Lnu
Article:
‘UAE-based venture capital fund EQIQ has announced a $3-million anchor investment in a new digital banking startup led by Iraqi-American finance veteran Hussain Qaragholi’
Quote:
‘Qaragholi, founder of Phoenix Finance Partners, has held senior roles at Merrill Lynch, Citigroup, and Deutsche Bank. He played a major role in Iraq’s $22-billion debt restructuring and sovereign bond offerings, and currently serves on RAND Corporation’s Global and Emerging Risks Board.’
Sometimes you only get potatoes but other times you get meat with them. This is as meaty as it gets. However, stay grounded, Operative Words are NEW, START-UP, & FOUNDATION. When they say things like; scalable, customer-focused, digital services, this is a direct relationship with the new digital Dinar…This only applies to foreign imports and debts and not the domestic economy which will continue to use physical paper currency and payment cards like Qi, Mastercard, and Visa. Sandy IngramIraq is making quiet moves in the finance, banking and manufacturing areas. These moves don’t look like much when you read about them…but when you tie it all together you see big progress…And you see a country that plans to outshine all the other countries in the Middle East…
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Samson (KTFA)
Article:
‘Iraq’s money is in the hands of the Federal Reserve. When will the American shackles be broken.’
Quote:
‘Despite more than a decade having passed since Iraq’s exit from Chapter 7, Iraqi oil revenues remain under the control...’Source : dinarchronicles
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