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mally2

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  1. It’s interesting that he’s doing these both on the same trip. Saudi (Sunni) and Iran (Shiite) cooperation with regional currency incoming?
  2. I mean, I hope youre right but them being very clear on them needing the hcl is an lol for anyone that has been following this for several years. They say one thing and then turn around and do anything they can to keep the status quo of selling oil out the back door. You really think Barzani wants an hcl passed? Im hoping the federal court has teeth on this but as always Im skeptical yet optimistic.
  3. Interesting. Hard for me to decipher the arabish but anyone seeing confirmation Iran is changing their rate? An Iraqi article now alluding to it as well? Should be big news
  4. There are close meetings in Baghdad, which will be after the blessed Eid Al-Fitr, sounds good, one more week of Ramadan then maybe some action?
  5. I don’t disagree on frank but Brent crude is around 118 as I type this? Could continue to rocket up with more and bigger war, or could drop some with announcement of Iranian oil entering more markets.
  6. Because its not like that at all. The mid-east has been chopped up and country lines redrawn many times. Iran is a shiite dominated country and Iraq is one of the only other shiite majority countries in the mideast. Many muslims consider themselves of their religious tribe well before any kind of patriotic tribe. Like it or not Iran and Iraq will be connected in some way as long as Islam is alive and well.
  7. Nice article. Yes Iraq, lets see the new economy asap.
  8. It’s less now, this is from article yesterday on previous page. The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely.
  9. As anyone who has been on this ride for several years can attest, we've all thought this was it before. Im feeling that again, great news in this article and thread. Thx Yota
  10. Saudi riyal is 1/100 currency. Iraqi dinar is 1/1000 currency. One unit of a riyal is a qirsh 1/100, one unit of a dinar is a fil 1/1000. I'd think the plan involves a dinar worth quite a bit more than the riyal but theres various ways to get there, hoping for the best.
  11. The leader of the Sadrist movement pledged that "from now on, the government or the parties will not have control over the money and bounties, but rather it is for the people, and the people's oil is for the people, and we will work to raise the level of the Iraqi dinar to be in the ranks of global currencies gradually."
  12. This is just my opinion. This is not the HCL, that is a stand alone piece of legislation but if and when we ever see the hcl it involves profit sharing for all Iraqi citizens to get paid based on oil sales. Just like all people in Alaska get a small check for oil sales. IMO this law is more closely related to and linked to the hcl than the budget law which gets celebrated as being the hcl dozens of times a year in dinarland every time a new one is negotiated and worked on. This law reads to me like they are getting things in order to profit share with the citizens from oil sales...thus we might be close to them legislating the hydrocarbon law. I believe this can will continue to be kicked until we see reforms involving their currency.
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