5-23-2022 Newshound Guru MilitiaMan The next Parliament sessions this next week look to be packed with importance…The Oil and Gas Law is on the table…The Emergency Food and Security Law is slated for a second reading come Wednesday and in that week following for a vote… With having an agreement politically to remove the blockage and that the financial side of things are completed, as noted by the recent Mission Accomplished between the CBI and the World Bank…
5-23-2022 Newshound Guru MilitiaMan The good report from the IMF, the Global Taxation agreements with 137 countries per the UST, the Iraq border automation for payments and settlements at the ports, borders customs, etc., the AYSCUDA system and the BUNA platforms all ready to go for cross border clearing of currency, thus, we can combine all that with an new exchange rate and the citizens will get what they are waiting for, the HCL. Their share of the wealth and rightfully so they should! imo… the 1/12th payments to run the country has not been implemented, thus, this next few days on the EFL and 2022 budget both being about finance are key… Lets see what they do…
5-23-2022 Newshound Guru Clare Article: “Increasing the capital of the central bank enhances its balanced monetary policy” Quote: “The Central Bank of Iraq announced the decision of its board of directors to increase its capital to 5 trillion dinars, an increase of 40% over its previous capital of 3 trillion dinars. 2 trillion dinars”
5-22-2022 Newshound Guru Pimpy Yes, I already heard the rumors that somewhere in the 2022 budget the rate change is supposed to happen. There’s no indication of that at all. None. A lot of people have been asking me and I said hold tight because I thought well let’s go see. Did they say anything about it? There’s nothing out there at all that gives us any kind of indication that the budget has included any type of rate change of the dinar. That doesn’t mean it’s not there. What I’m saying is there’s no proof of it…
5-22-2022 Newshound Guru Breitling The Iraqi currency is a real currency. It’s not a scam….there is opportunity here…You have your dinar and you protect it tax wise at all cost. That’s your guarantee.
5-22-2022 Newshound/Intel Guru RVAlready Well, it looks like progress is finally being made on the political impasse in Iraq. I hope this leads to a government and an RV soon. Seems the IMF and WB in Iraq last week made it clear that the world is tired of waiting for the RV, and Iraq needs to make progress quickly.
5-22-2022 Newshound Guru Kaperoni A country’s currency value is not a random act. A country’s currency value is determined by GDP, the amount of currency in circulation, the success of a country’s economy as well as the type of exchange rate regime such as a float, basket, etc that it’s in. Nothing is random.
5-22-2022 Intel Guru MarkZ [Guru] Nader of the middle east…mentioned …that the recent audit by the IMF stating how things are financially fantastic over there, but they need to take care of their less advantaged citizens and that they need to increase their rates. He also talked about how soon it should be. That was a discussion in Iraq yesterday…in their mainstream news they are saying now that they have balanced their books and paid all their debts it is time to change that value…soon.
5-22-2022 Newshound Guru Sandy Ingram Article: “OPEC increases Iraq’s oil quota” This will allow Iraq’s oil revenues to increase even more. OPEC has reportedly agreed to increase Iraq’s oil production to 4.5 million barrels per day in June of 2022.
5-22-2022 Newshound Guru MilitiaMan Article ” Khazali reveals that al-Sadr accepted deputies from al-Maliki’s coalition to form a government and urges him to take an order” We will be watching closely from here on out…They have pressure on all fronts now from the looks of it politically. As for the finance side of things the CBI, IMF and World Bank have had good reports and finished missions. I see this all coming to a head now. They all know that if they don’t act they will not survive…follow the money… Leaks suggests there is about 12 billion to watch…IMO.