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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani: $100 billion is the size of investment opportunities in Iraq" Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani confirmed that the investment opportunities available in Iraq exceeded $100 billion in value, pointing to the expansion of economic cooperation between Iraq and Egypt." Pimpy Article: "Credit Bank of Iraq achieves a profit of 20.4 billion dinars" This article is definitely a very good one for those of us who are invested in the Iraqi Stock Exchange. I only anticipate the bank stocks going up more and more. They might be some of the fastest growing stocks in Iraq. The reason for that is because they keep expanding on the banks, putting them through reform. All that's going to do is drive up the value of the stocks... MarkZ In Iraq Article: "Parliamentary Finance sets the date for the 2025 budget to reach parliament” Very early next year. This is curious to me but think they may be avoiding releasing it until after they have the rate change and exchanges…so strangely enough this fits in very well to what I am hearing. That they need to get the rate change done soon. They need to change rates and do everything they need to do before approving that budget. Sandy Ingram [Reference Sandy's WTO post from 3-22-2024] What is the WTO and why does it matter? The World Trade Organization is an international group that helps countries trade with each other fairly and efficiently. Joining the World Trade Organization will help Iraq grow its economy by making it easier to buy and sell good with other countries.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the recommendations for Ernst and Young about banking reforms will be approved by the council of Ministers to proceed with the banking reforms. FRANK: Ernst and Young are playing a very important part in the Monetary Reform process with the CBI and United States Treasury. Their involvement is very deep. To see this report from them once again tells me we are running out of time... Samson Article: "Blinken in the Middle East next Tuesday" Quote: "US Secretary of State Anthony Blinken will arrive in the Middle East next Tuesday, on a new tour" Militia Man You have Al-Sudani calling on the House of Representatives to vote in their president. The optics of them having 3 presidencies available all at the same time when/if...they revalue their currency is a pretty big deal. The optics would really look good globally. You got a strong foundation: security and stability at the borders, knocking on the door of the WTO, the TIR contract they signed days ago, and international agreements. Everything is gearing up for what? Iraq going international. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy wants you to know the opening of these cash deposit centers that Sudani is bringing in with the CBI are a start of collecting and a start of the deletion of the zero notes. It gives us an avenue to trade in the notes instead of clogging up our regular banks. FRANK: These currency centers have been licensed by the CBI, Sudani and the US Treasury in the last few weeks. Things are moving very fast for you citizens to receive your monetary reform.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man What are we waiting for? We're waiting for Alaq to make an announcement I believe in some shape or form. It's going to be his job. He's the Central Bank of Iraq governor. Frank26 [Banks] know better than to keep lying to you. They're not going to admit anything but they're not going to lie to you anymore and say it's a scam because that was a flat out lie...The atmosphere in the banks [has changed], stop telling them it's a scam. Samson Article: "Washington: We support the economic reform agenda in Iraq, including updating the budget and enhancing transparency"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat Article: “TRADE BANK OF IRAQ ANNOUNCES THE IMMINENT OPENING OF A CASH DEPOSIT CENTER IN KARKH” I would definitely call it a “WOW!” article. So why am I excited today when I read this article? They are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system... this center receives all cash deposits only for all customers. [Post 1] Mnt Goat Remember...the CBI needs to shrink the monetary mass by two-thirds (2/3). It appears they are now beginning to bring in their hard currency to the banks for deposit. I was told [by my CBI contact] that this process is part of the Project to Delete the Zeros and her committee is now working with the banks to retrieve this hard currency. The Project to Delete the Zeros has begun... WOW! WOW! WOW! [Post 2] Good Morning DV...Be Blessed today...! RON
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Al-Sudani: All I aspire to is to serve the Iraqis" Quote: "We are turning into a promising country that represents a cornerstone in the stability of the Middle East, he said, adding, Iraq and the United States are bound by the Strategic Framework Agreement in 2008, and we are working to activate it. He stressed that the Iraqi people are currently living in a state of hope and optimism." Militia Man I truly believe one of their agendas in sustainable development is revaluing the Iraqi currency. Sudani stated many time, be careful Iraq, Iraq is stronger than the dollar; they're going to be (as hammered at home) somewhat of the savior of the global financial system. How are you going to do that at 1310 when you never did it before? Obviously they're going to do something completely different. Frank26 Question: "What's the process of the new rate going live on Forex?" The CBI, when they officially announce it to the world at the same moment those words are coming out of their mouth, then they push a button that sends the official rate all over the world, not just to currency exchanges but to banks, to reserves, to those that need the information...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Walkingstick Question: "What does it mean to you when they say 'In the coming days' the Iraqi citizens?" IMO that means now. Question: "They've used that phrase before haven't they?" Yes but not surrounded by all the information that they're giving to the Iraq citizens about the monetary reform on a daily basis. 'In the coming days', yeah, now. In the coming days, very quickly, now. Militia Man Article: "The Minister of Finance stresses the need to adhere to the timetables to achieve economic reforms" This cooperation goes far beyond Iraqs borders. The World Bank, the IMF, the Bank of International Settlements, the WTO, United States Treasury, etc - all have reached agreements with respect to Iraqs reforms and sustainability towards economic growth. It shows the aforementioned entities know what Iraq's reforms will mean to the world and the impacts it will likely bring to many nations of the world..! They are now openly making sure they are on record in saying so..
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "Iraq raises gold reserves to 152.6 tons, according to the World Gold Council” Quote: "Iraq’s gold reserves increased by 4 tons in the past two months, reaching 152.6 tons, according to a report issued by the World Gold Council. This increase places Iraq in 29th place globally among 100 countries in gold reserves, according to last month’s data." Pimpy I was expecting it to go up in increments over time and it's not working out that way because they were really moving in the right direction. Things were going really good but obviously everything went to hell in the hand basket. Samson Article: "Parliamentary Finance: The Prime Minister has a real will to boost non-oil revenues"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man The council of Ministers, who we've been talking about a lot have been in the news with Al Sudani. He had two COM meetings in one day, which is unheard of...You can see where this is headed ... What they're painting a picture of is Iraq is imminently going into the international world. MarkZ Article: “Iraq is the third largest Arab Nation with gold holdings” Iraq’s possession of gold has reached 152 tons. Let’s think about the values of other currencies in the region…like Jordan and Kuwait…Iraq is trouncing most of them in resources, physical gold, etc… Iraq is making their case to support their higher value. And Iraq is diversifying with non oil revenues to support their currency. This is for safety and stability. Dr. Shabibi always said that if Iraq was safe and stable...he would give them a more valuable dinar. Iraq is one of the most safe and stable countries in the region and they are working hard at it. Mnt Goat I have to start off with...some really good news, actually some WOW! WOW! WOW! news that we can see the path now, and very clearly. So, finally we get word that Iraq has met all it requirements to join the World Trade Organization (WTO). This DOES NOT make the RV imminent, all these recent activities and events matter and the RV is a “by product” of all these events not a singular event in itself. The view is now in sight and the writing is on the wall. So much on the wall that I do not believe anything is going to stop it short of a major disaster.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The government completes the file to join the WTO" Quote: "Iraq has fulfilled all the requirements for joining the organization, through a package of legislation and laws currently being discussed to reform the current legal system to be in line with the requirements and controls of the international organization, such as coordinated trade policies throughout the country, including tariff rates and customs procedures." MarkZ If you follow most of their math on the REER (Real Effective Exchange Rate), the worst case scenario or bare minimum it could possibly be is .76 cents. What we are expecting is in the high $3 range or low $4 range which makes the most economic sense. I am still being told to expect higher than that.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Wolverine The digital banking system in Iraq has been spreading salaries for three days. Digital banking system is working now in Iraq. The rate can change any moment from now. Militia Man Changes are coming and it's coming fast. You should be very happy about it. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on TV saying digital banking is the next stage for the digital transformation FRANK: Yeah, give us the new exchange rate so it can move...If they weren't about to do that why in the world would they teach you all of this information right now? FIREFLY: Yes...it's a good point. My bank friend even told me that all this information if for us not to miss out on the monetary reform. MarkZ Article: “Sudanese consultant: Digital Transformation will enhance Iraq’s efficiency and attract foreign investments” They are bringing in billions in international investments. These big investors would not be investing billions of dollars in some backwater country with a useless currency. It wouldn’t be happening.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: ”One of the most prominent dollar speculators was arrested in Ramadi" Newshound Guru Militia Man The market economy is coming together, the World Bank is addressing Iraq is moving toward a market economy. That means at some point, could be any day, any time, they're going to have to go into the international world.. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank guy Mr. Sammy still thinks maybe by the end of the year...but he's hoping November now. FRANK: My position has not changed...We feel this will be done this year...The evidence, action, mechanism that is needed for the new exchange rate and the lower notes to be introduced will all occur this year... Mnt Goat ...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros. No one in Iraq is going to get rich off this swap out. So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate. The banks are going to be VERY strict on this.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy...from what he's gathering and hearing in the rumor mill the currency swap out will be in November...But it's not official. He's not speaking for the bank. But what he's hearing, he's thinking this is pretty good. Mnt Goat Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!! Yada Article: "- The Central Bank of Iraq launched its financial transfers to Turkey in the euro currency." This means the business with Turkey, primarily the pipeline that was halted in March of 23 due to illegal usage is now opening back up with transfers in Euros. Add this to the Iraqis receiving their salaries from Jan 24 to Aug 24, we are in for great celebration with the rate release. IMO
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON MarkZ [via PDK] There is some good stuff out of Iraq today. Article: “Parliamentary conquest reveals an agreement to pass two controversial laws today” this is very important news. This is the personal status law and the Return of real estate to its owners covered by some decisions of the dissolved revolutionary command council law. These are settlements for other things that we were told we would see right before they do the dinar change in value. For me this is huge. To me this shows us how close we are. Frank26 [Iraq boots-on-the-ground report] FIREFLY: On the news Alaq came in and talked again about the deletion of the three zeros and he said we have a process to enhance the dinar. He was explaining how they are going delete the three zeros and add value...Then this idiot comes on TV and he says to us dropping the zeros will not lead to a value increase. He's just a fool that hates this is happening. That's all Alaq talked about, again saying it's under constant review. FRANK: As far as the guy that comes out and says this is not good, that's it's negative; this is not being sent to you by Sudani. Don't pay attention to them. Only pay attention to your true leader Sudani. Mnt Goat Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York...can the news get any better? Finally the US is engaging Iraq and seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Mnt Goat I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting. In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur. MarkZ Article: “Erbil: Iraq has become a suitable environment due to security and political stabllity“ They said this today. What did Shabibi say? Give me security and stability and we will raise the value.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy As you're aware Iraq has some issues with protesters charging the US Embassy. I'm glad it has not escalated. Iraq has been doing a great job about staying out of all these little conflicts. We don't want them to get involved in these conflicts. They need to stay on a straight and narrow. They've been doing a great job of this. Let's hope that continues. This would be good for both the dinar as well as the stocks. MarkZ Article: “Finance Committee: Discussion of 2025 budget tables will begin next month” That is November. Why is that important? The rate. They are still settling out 2024 and 2025; now suddenly they are going to be ready for 2025 and its tables? I believe this tells us we will soon have a rate in order for them to fix those tables.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Kaperoni Community Comment: Article: "The US Embassy in Iraq is under siege I’m old enough to remember the last time a middle eastern embassy was under siege with a weak president...I hope this ends better...Pray for US personnel in Iraq" Not good..!
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Jeff Pretty much everything happening right now, along with Sudani being in the UN, everything has to do with Iraq going international... MarkZ Deleted his outrageous & untrue rumor. Clare Article: "Iraq presents to US Treasury date for abandoning currency auction" Quote: "The Prime Minister informed Mohammed Shia Al-Sudani, US Treasury Department, keeps only 5% of remittances Foreign It is not done through the electronic platform, and it will be completed by the end of this year"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq on TV now. He says even with the low oil prices we are stable and inflation in our county is low because we have strong reserves and we have non-oil revenues efficient enough now to also contribute...Then he talked again that the oil price drops have nothing to do with a high exchange rate. FRANK: He's trying to reassure you that the American dollar is not coming back in any shape or form into your country...Your currency is the future and its new exchange rate has been a success. That's why you're about to explode with your economic reforms... Mtn Goat Article Quote: “Iraqi banks have the qualifications to switch to the electronic system, noting that “the transformation of the financial sector to the electronic system with credit cards will pave the way for attracting international investments and increasing confidence in the Iraqi economy.” I have to say it is all just about implementing the Electronic Payment and Inclusion of the banks into this new process...the CBI and the Finance Committee...are committed now to complete this effort, and I believe they are way beyond our expectations of just where they currently stand in this effort...In short summary, is this not what we all want to happen so they can pull the trigger on this revaluation and reinstatement.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article: "No restrictions on our balances in America".. Al-Alaq: The number of bank cards has increased to 19.75 million cards" Frank26 [Iraq boots-on-the-ground report] FIREFLY: The crooks are also talking on TV. Every time a commercial comes out...They're saying changing the rate will be a disaster. FRANK: The crooks are Iran/parliament...The only reason they're saying this is because they know very well the rate is about to change. It's no secret. Sudani is preparing the whole Middle East and all his people for the change this year. Militia Man Purchasing power is deserved by this country. They have assets that are phenomenal. The non-oil revenues, gold reserves, foreign reserves, and other sources of income through taxes and tariffs etc is going to be phenomenal. Jeff Supplemental budget...that's all we're waiting on. Right now the actual budget for operating expenses is done. It will need to be amended though because it doesn't have the supplementary portion of it to fund the 5-year development plan and reforms...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Clare Article: "The judiciary and the State Council confirm that the Governor of the Central Bank of Iraq is subject to the legal retirement age (documents)" Quote: "The two councils confirmed in documents...that the legal age for retirement is 60 years, and upon reaching it, the duties of the official assigned to it end." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani comes out and he mentions that we are in the completion phase of the HCL. We know the HCL needs a rate. Sudani said the payments would be through the electronic cards, not cash. We think that's because cash would give us 1310 but through the cards we think it's going to be with a new rate. FRANK: I do not know this for a fact but I agree with you totally that your cards they are based on a new exchange rate. It makes no sense for them to be based on a restricted program rate... MarkZ What have we gotten this week? We have movement in the HCL, salaries are suddenly being agreed on, which imo - they could not agree on without knowing the new rates, we have them telling us the money laundering issue with Iran are taken care of, and the comment about 10 days ago from Sudani that they plan on lifting the value of the dinar during his term which is in the next couple of months. So buckle up and try not to lose faith.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man Article: "Government parliamentary meeting today discusses boosting non-oil revenues and developing the economy" Iraq is going to be needing non-oil revenues. We all know that...The last 18 month, almost 2 years, has been to get Iraq to a private sector and to get them to boost their non-oil revenues.
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Samson Article:"Our Country's Dream... Al-Sudani Sends an Important Message to Gulf States Regarding the Path to Development" Quote "Prime Minister Mohammed Shia al-Sudani stressed that the drop in oil prices to less than $72 confirms the need to diversify..." Mnt Goat Is the electronic payment necessary in Iraq for the RV? NO, it is not but it will help to prevent the money laundering...
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Tishwash Article: "Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president" Quote: "We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces' mission in Iraq soon... indicating that the end of the international coalition's mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties. We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq's efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States."
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Militia Man I believe the Iraqi dinar is going to change value...and the citizens believe that too. I believe Sudani has literally spoken those words...the dinar, it's going to be stronger than the dollar. He said those things on a couple of occasions. MarkZ Question: Do you believe the new lower denominations have already been printed in Iraq? Mark: Yes I do. We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them. Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks. Fnu Lnu I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses. But why?... Clare Article: "Parliamentary Finance to Employees: Your Salaries Are Secured for This Year and Next Year Even if Oil Drops"
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy I'm not saying they're going to devalue the currency right now. What I am saying is if they stay below $70 per barrel of oil for the medium term, you can see them devalue the currency. I don't think it's going to happen anytime this year because the year is almost over. I'd be a little nervous going into 2025. Clare Article: "6 scenarios that the Iraqi Central Bank will work on, narrated by Al-Issawi " Quote: "The economic expert stated that the Central Bank of Iraq is negotiating with the US Federal Reserve regarding ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks."