Wiljor

Much appreciated Ron, there sure is a lot of talk about exchange rate and oil and gas

Iraqi's are selling their dollars to buy Dinars, more "chunky money" out of the system 😉 Sadr means business, and yes, we'll see 🙏

The Central Bank of Iraq warned, on Sunday, that demands to amend the dollar exchange rate may lead to a recession in the Iraqi economy I highly doubt it... and giving local producers and investors an important competitive advantage with imported goods.” I don't agree, a deflated currency makes goods and services more costly, they pay more for imported goods. "The repetition of changing the exchange rate within short times without a study from the concerned No study is needed, Shabibi had this all worked out years ago (may he RIP) "Despite the rise in international oil prices of an unstable nature, there is no link between this rise and the objectives and results of changing the exchange rate." At 90.00 usd per barrel, I think timing is everything He pointed out that "the current rise in oil prices will enable the Iraqi government to properly rebuild the Iraqi economy, and build sufficient financial buffers to face any future fluctuations in international oil prices." If cash reserves are what they say, gold reserves as well, oil at 90usd, they have the ability to RV, perhaps not at 3 dollars per Dinar, but at least enough to bring them to the worlds stage and begin the road to prosperity for the Iraqi people. Let's not forget that the oil and gas law is once again front row and center. Again, timing is everything

Everyone knows Maliki is a terrorist of the state and he is getting the door slammed in his face

Thanks 6ly and Yota for these VERY interesting articles. It seems that the exchange rate news is dominating the threads as of late, perhaps something is up. Also Iraqi's changing dollars back to Dinars as well. Stressing That The Government Has The Ability To Reduce The Price Of The Dollar And Return It To Its Previous Price." I think we are getting to the point where that the price of crude being at 90.00usd per barrel Gold reserves up Cash reserves up White paper showing results Inflation at all time highs And the list goes on...... Timing is everything, and, the timing seems to be perfect to FINALLY bring value to the IQD. No one really knows for sure, but in all the time being invested, I have never seen so much news about the subject

Wow 6ly, this sure is getting very interesting, I can see there is urgency in the air. Al-sadr means business and wants to get these matters solved and pushed through immediately. One of the main topics of discussion, "the exchange rate"

Sadr means business

Much appreciated @6ly410 great articles. Number 5 tells me that the plan is to float the IQD. “5- Regulating the Iraqi currency market centrally and in a correct manner and by enacting some laws that increase the value of the Iraqi dinar exchange rate” The primary argument for a floating exchange rate is that it allows monetary policies to be useful for other purposes. Using fixed rates, monetary policy is committed to the single goal of maintaining the exchange rate at its announced level. However, the exchange rate is only one of the many macroeconomic variables that monetary policy can influence. A system of floating exchange rates leaves monetary policymakers free to pursue other goals, such as stabilizing employment or prices. (Wikipedia) Which is exactly what, in part, the article is pertaining to. Iraq has a plan, one that “seems” to have structure and congruency. Sadr and Kazemi are making sure they get it right. I see progress in all directions DV, now more then ever there seems to be a sense of urgency to bring Iraq to the worlds stage. If they continue to pursue their mandates we may see this ride to the end. Again, nobody knows for sure, but the picture currently being painted on the canvas is nothing I have seen since my first days here in DV. Just my 2 cents

Kazemi and Sadr will bring Iraq to the international stage.

!00usd per barrel here we come

"Iraq is keen to repay loans and has priority to pay out of respect for Iraq's financial position, as it gives it credibility." "determines the country's ability to pay debts" Since Iraq is looking to become a global contender, and, compete in the international marketplace they must have "credit worthiness" Credibility mean the rating agencies Fitch, Moody's and Standard and Poor's rates Iraq according to their economic outlook or forecast and ability to repay. Below is a "copy paste" of how these agencies work. Iraq's current rating as of January 2022 is B to B- Once again I see progress DV

Good morning Yota, and as always, much appreciated sir 🙏 "the bank's branches continue to receive customers who deposit their money and open savings accounts for the purpose of obtaining profitable benefits for them." The campaign to bring in the "chunky" money is still being promoted, and would seem, to have great results as more Iraqi's open bank accounts. Progress is well underway

This is what exact the HCL is all about, onward and upwards Iraq Al-Zamili, explained that he sought to legislate a law through which a percentage of oil imports would be deducted and “granted to the people”

Thanks @HowieC Kazemi's plan is to put Iraq back on the map and elevate them to be a global contender. If elected this will pretty much solidify a "potential" RV and put the IQD back into the market place and an internationally recognized currency

Nahhh, probably they will fins a few coins that fell out of Malarki's pocket 😆

Good morning Yota Al-Sadr said: "I told Al-Amiri and Al-Fayyad that I refused to ally with Al-Maliki."

Good morning Yota, appreciate you sir 🙏 Now, with Crude Oil sitting at 85usd p/b Iraq has been able to pay off its debt to Kuwait, enhance its foreign currency reserves, and become virtually debt free. Oil is expected to rise over the 100 usd p/b, which will mean a surplus in cash, this cash reserve will present an opportunity and put Iraq in a much better situation economically speaking. OPEC is also expecting to raise output, so timing is everything and could put Iraq in a very comfortable place to raise the value of the IQD. There is a lot of talk about exchange rate Oil expected to go above 100usd p/b Debt paid to Kuwait Increase foreign currency reserves White paper taking affect Banking system digitized and re vamped Offering citizens to make deposits and receive 4-6% interest Iraq being taken off the list of money laundering countries in the EU Just to name a few.... This to me only points in one direction, Iraq with a currency valued at a fraction of a cent is not sustainable, this will not make them a global contender, and will not encourage foreign investment on a larger scale. Do you see what I see? 🧐

Thanks jg1, IMO?? I believe they will put the rate back to 1170 and then delete the zeros making it 1.17 per 1 Iraqi dinar. By doing this they will NOW be welcomed on the world stage and be a major powerhouse in the ME.

Good morning Yota, as always sir, very much obliged 🙏 If ya can’t beat ‘em, join em… Al-Maliki indicated that this step is one of the priorities of our work in the new parliament, whether we are a government or the opposition."

More progress joint cooperation between the two countries, and activating financial and commercial exchange

Onwards we go DV, everything is looking good 👍 “this is a very important matter that gives freedom and liberalism to banks to work in global environments,”

This means International 😉 "this step will pave the way for a greater degree of trade and investment exchange between Iraq and European countries."

Good morning Ron, glad to see the gurus are up early this morning, thanks for all you bring to the table here sir, very much appreciated

Good morning Yota, much appreciated sir 🙏 the first legislative term in the presence of 325 deputies." Decent attendance

Totally agree with you HowieC, linking the local trade exchange with the international, indicating that the new system is applied in 80 countries and contributes By curbing corruption, red tape and nepotism, and returning to the state treasury about 50% of the lost revenues