Mountain Goat
Article:
‘OIL: AGREEMENT TO DELIVER KURDISTAN’S OIL TO SOMO AND EXPORT IT VIA CEYHAN IN ACCORDANCE WITH THE CONSTITUTION AND BUDGET.’
The BEST part about this agreement is now the US Treasury can exchange our dinars for cheap oil credits, as planned, without s*********g the entire Iraqi economy… You see there had to be this Oil and Gas agreement (HCL) first…Now you are going to see why it is so important to get this law in place…But remember too that the finalized law has not been submitted to parliament as of yet.
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MarkZ
[via PDK]
This one was sent to me by a member… This is from Friday June 1, 2007. ’The Iraq Hydro Carbon Law: How and when.’ They talk about how long this has taken, when we they finally have it and the stability it will bring.This was about a 20 year process and we are at the end of it. We have never been to this point before.
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Clare (KTFA)
Article:
‘Washington warns Al-Sudani and bans him from UN meetings’
Quote:
‘Washington…prevented Iraqi Prime Minister Mohammed Shia al-Sudani from attending UN meetings, amid threats of a US-Israeli strike against Popular Mobilization Forces (PMF) factions…A call between US Secretary of State Marco Rubio and al-Sudani prior to the UN General Assembly meetings revealed to him that there would be no agenda for him to work with US administration officials, due to the failure to take the measures he had agreed upon against Iranian-backed militias in Iraq.’
Article:
‘The Iranian parliament approves the deletion of four zeros from the national currency’
Quote:
‘Members of Iran’s Islamic Consultative Assembly voted on Sunday on a bill amending the country’s monetary and banking law, approving the removal of four zeros from the national currency. The law stipulates that every 10,000 Iranian rials will be converted into one new rial, while retaining the name ‘rial’ as the country’s official currency’
Article:
‘In exchange for a second term, a politician reveals that Al-Sudani sent a delegation to Washington to normalize relations with Israel’
Quote:
‘Al-Sudani sent a secret and unannounced government delegation to the United States of America to discuss an offer presented to Al-Sudani, which included recognition of the Z*****t entity in exchange for a second term. This visit came to confirm Al-Sudani’s approval of the offer and to move forward with the stages of normalization according to the time frame set during the delegation’s meeting.’
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Frank26 (KTFA)
This thing Sudani did [Extend the national holiday to 7 days] was interesting…This is the perfect time for Sudani to release the new exchange rate…
[Iraq boots-on-the-ground report]
FIREFLY: The television says the IMF has released some projections for Iraq for 1 to 2 years. They’re saying Iraq may revalue their currency if diversification continues at the rate it’s going now.
FRANK: Non-oil revenues. That’s the diversification...One to two years. That’s s****d because that’s exactly what is happening now…The wonderful thing is they are talking to you about having purchasing power…Don’t throw out the baby with the bathwater.
Question:
‘Do you think most of the in-country mattress dinars have been turned into the CBI.’
I’m going to give you a good educated guess, it’s just over 10% now. But outside is another number they have to deal with.PimpyWhat is a redenomination. It’s when they change the whole look of their currency. Like I said, cross your fingers, we’d hope they don’t remove the three zeros and they change the exchange rate because then we get a whole lot more money back. But if they delete the zeros, your payday is not going to be as big as you hope it would have been. Iraq is doing very good to keep things stable…Al-Sudani has done a really good job but I’m really concerned about the e******n that’s coming up just because there’s always some kind of shenanigans that takes place. We need Al-Suani to get in there and get elected into office and do a full six years. That’s what we need.
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Samson (KTFA)
Article:
‘THE IRANIAN PARLIAMENT APPROVES THE DELETION OF FOUR ZEROS FROM THE NATIONAL CURRENCY’
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Fnu Lnu
Sudani extends a holiday and everyone reports this as some sort of indicator that he has done this to effect the revaluation. There is no rational basis for such a conclusion. It means nothing except the holiday is extended…
Article:
‘The Iraqi Ministry of Justice has announced a major legal settlement with three Dutch companies’
Iraq is still settling lawsuits and paying off debts. If you read the IMF consultation report, you quickly see that Iraq is no rose garden and there are problems a-plenty. We still have a long way to go to RV…perhaps 1-2 years if the IMF estimation is accurate. MilitiaMan
Article:
‘Iranian Parliament approves the deletion of the 4 zeros from the national currency’
It’s about the Iranian parliament…This isn’t the first time we’ve heard this.
Quote:
‘Converting 10,000 old rials to 1 new rial to simplify transactions amid hyperinflation and sanctions because it’s 900,000 rials to the dollar.’
900,000. Iraqi dinar is 1310. This isn’t Iraq’s path, but it shows regional currency reforms and efforts. Iraq is a totally different story. It has completely different circumstances. Definitely don’t compare the two like being one…Iran’s move addresses devaluation without a full revaluation. Iraq has 8% inflation in the first half of 2025 which is historically low…
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Sandy IngramWe have millions of Iraqi dinar over here in the Western Hemisphere. The Untied States itself has billions of Iraqi dinars and so do other counties. This is an issue [overprinted dinar held in mattresses inside of Iraq] that will be solved but we have no idea when.Source : dinarchronicles
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