Mountain Goat
I need all my readers to see a correlation here. It is between when the news comes out for what we want (the RV process beginning) compared to the news that comes out about accomplishing these five areas of concern…(1) Oil and Gas Law(2) Banking Reform Plan(3) Expulsion of PMP [Popular Mobilization Forces](4) Parallel Market(5) Project to Delete the Zeros…Then the closer these concerns go to getting resolved, the more amazing the news for us…It is all nothing but amazing for Iraq.
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MarkZ
[via PDK]
I think they are making a push and under pressure right now. Between the crazy amount of misinformation and the chatter on the bond side. To me it feels like its very close…Most of my bond folks still say September is the ‘GO…We should be going very close to when the bonds payout. Within a few hours or days.
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Clare (KTFA)
Article:
‘Al-Sudani announces a historic oil agreement with the Kurdistan Region’
Quote:
‘Sudani announced on Thursday that a historic agreement had been reached with the Kurdistan Regional Government (KRG) regarding oil exports…Al-Sudani described this achievement as the fruit of 18 years of waiting.’
Article:
‘Kurdistan: Resumption of oil exports will begin within the next 48 hours.’
Article:
‘Revealing its role, Washington: The Baghdad-Kurdistan agreement will enhance regional energy security’
Quote:
‘Secretary of State Mike Rubio revealed on Thursday…We welcome the announcement that the Government of Iraq has reached an agreement with the Kurdistan Regional Government and international companies to reopen the Iraq-Turkey pipeline, an agreement facilitated by the United States that will deliver tangible benefits to Americans and Iraqis alike…and strengthen Iraqi sovereignty.’
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television is showing US Secretary of State Rubio. He’s happy with the oil deal with Erbil and Turkey…Rubio was on the telephone with Sudani. The conversation was broadcast to us.
FRANK: Can you imagine Rubio calls Sudani, needs to tell him, ‘I’m so proud of the 1310, good job you guys.’ NOT!! LOL
They’re not taking the zeros off the currency, off the paper notes. They’re taking it off electronically from the exchange rate.The CBI every day comes out and they talk to the Iraqi citizens about the monetary reform steps, procedure, policy, whatever you want to call it, Asraflak, etc, etc, every day because it’s not a secret. Fnu LnuThis is impossible. You cannot offer the same financial tool/product to different people at different rates…The law is called ‘The Law of One Price’. You can look it up. It is against the law to have two different prices on the same currency / exchange…The oil isn’t flowing until debts are paid as shown in the statement: ‘pursuant to agreements that ensure payment surety for both past arrears and future exports.’ When the T’s are crossed and the I’s dotted, then the oil will flow. Until then, we wait, as usual.
PimpyIf they delete the zeros [off the notes], they will definitely take it off the exchange rate as well, which means we start right out the gate with a 76 cents exchange rate. Cool. But not the money we were looking for. Of course that doesn’t mean it won’t change down the line. We got to cross our fingers and hope the zeros stay on there.There’s no appointments. There’s nothing like that…You don’t have to talk to no wealth manager unless you want to.Sandy Ingram
Let’s look at Germany…Their currency was basically worthless after World War II. In 1948 allies introduced the Deutsche mark. Overnight it gave Germany a new economy lifeline… There was a strong and proven economy and international backers in the case of Germany was its allies and the United States.The United States has already helped major countries revalue their currency. There is no doubt in my mind they can do the same thing for Iraq.MilitiaMan[Iraqi] bonds are part of stability. They paid 5.5% yield…They’re sopping up excess liquidity with these bonds.Source : dinarchronicles
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