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Theseus

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Theseus last won the day on February 5 2021

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  1. If internal investment looks good to external investors, external investors to Iraq will come. If people within their own country not willing to invest, why the heck would someone outside their country willing to invest in their country? Location is only relevant to local vendors. Investment is relevant to a stable currency. A stable currency is what the exchange rate is all about. Now do the Hokey Pokey and shake yourself all about!
  2. And once again I have to show someone they are incorrect in which they confuse IMF's Article of Agreements Article 7 with IMF's Balance of Payments Chapter 7. From the IMF BPM7 Chapter 7. Balance Sheet: International Investment Position: Annotated Outline. Als referred to as IMF Chapter 7. Again, IMF Chapter 7 talks about investments. One thing Iraq does not lack is currency nor why should they be out of Article VII of the IMF's Articles of Agreement? If I meant Articles I would have specifically stated "Articles". Also where does the Articles of Agreement VII identify with the design of policy related to investments?
  3. The rate for which bank you go to to cash in. Ever try to exchange foreign currency on a regular basis? You might think I am joking around when I said what I said. Take a look at Western Union, Wise and XE. You will find three different rates being exchanged that are totally different from the market rate or official rate in most currencies. For example take a look at the Filipino Peso. I have seen it go from 54 to 56 in different apps and banks all within the same time frame. So the only rate you should pay attention to is the one that will give you the highest return.
  4. Guru's didn't lie. Iraq was not entirely removed from UN Chapt 7 by the UN Security Council. They still remained under sanctions of UN Chapt 7 until they paid off all of what was owed for the Gulf War - Mostly to Kuwait. Even though the Security Council voted, Iraq still remained under UN Chapt 7 until it met all the criteria. For example, Oil-for-Food was a UN Chapt 7 sanction implementation. The reparations to Kuwait was another sanction implementation of UN Chapt 7. So while the Guru's (or most of them) didn't lie that Iraq was taken out of UN Chapt 7 back in 2013 by vote of the UN Security Council, they were never fully removed from UN Chapt 7 until the final payment to Kuwait. Even then red tape takes forever and a day to get through hence the delay. Don't confuse UN Chapt 7 with IMF Chapt 7. UN CHapt 7 is about trying to resolve conflict peacefully and IMF Chapt 7 is making fiscal rules for investment. Both need to be accomplished by Iraq.
  5. You are talking "postponement" back in 2014. They implemented the White Paper in 2020. The article I speak about is the committee member saying that when they changed the rate to 1460, it was only supposed to be for 1 year. However, the powers that be stated that it would be 5 years. This is not a "postponement of removing the zeros" like what is said in the article you quoted. The WP is being implemented and supposedly suppose to take 5 years to implement and at the end of that 5 years the RV rate would change. It has been pointed out that line at the end of the IMF statement about supporting Iraq, blah, blah, blah. Go back to each year that they conclude their trip to Iraq and write a report. Its always in there. And its actually nothing really to see or pin hopes on because it means nothing other than yeah they know you are working on it but not today. Truly a political statement by the IMF (more like office politics than fight out knuckle drag out political statement.) Its like when unicorns fart rainbows to fly. The farts don't smell because it doesn't exist.
  6. They say that or near that everytime they conclude their visit. It is a standard line and is nothing more than window dressing. Its like when you exit a plane the Airline Stewardesses say "Buh-Bye" to everyone. Its expected and done everytime.
  7. No. There was an SBD in 2016 but Iraq stepped in their own dung by trying to cheat the system and they got caught. That is the reason (moreso than COVID) they did not RV back then. The IMF scolded them but did not "officially" punish them other than to prevent them RVing. Iraq RVing is so much more than putting currency back on the international market at a certain price. It also requires internal and external investment and the stability to maintain investments. And lets set it straight Kuwait did not RV as I have shown this over and over again on here.
  8. Well Dec 2023 came and went. No RV. Again see my previous post remarking the committee member saying no rate change for 5 years in January 2020/1. Five years is 2025 which is what I have been saying for a while now based off of that article and what the White Papers state. Well JohnnyV according to your logic Iraq has RVd more than a dozen times since they were put on the program rate. And it was 1310 not 1300. There is only one RV that people are most concerned with, the RV rate when Iraq comes off of the official program rate. Until then it is just a cat pawing a mouse.
  9. First off back in 2020/1, an Iraqi Committee member said that they would not be changing the rate for 5 years. This was based on the implementation of the White Papers. So far everything that was stated according to the implementation of the White Papers has held. An RV in 2024 is not going to happen according to the Committee member. ( I have posted the statement before. If you want to verify the statement go find it.) When IMF gives Iraq go ahead, then and only then will they RV. Not before.
  10. A lot of people think Kuwait RVd post Gulf war. This is a misnomer and people keep promulgating this lie, Kuwait neither RId or RVd post Gulf War. The data of their currency before the war and after the war shows no evidence of this happening. Because it did not happen.
  11. 16th came and gone. Nothing. Coming up next the release of the 10K notes at the end of this year. 2025 can't come soon enough. GCR moved to 2030.
  12. Since Kuwait never Rvd its like comparing dog crap to prime rib. Tasty if you are dog that eats its own crap.
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