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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 increases its gold holdings and ranks third in the Arab world" Quote: "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves." MarkZ Isn’t that interesting: Sudani was overheard saying they planned to have the revaluation completed, everything done by Victory Day; which is December 10th. This is from a number of folks in parliamentary finance who heard the comment. This means they have to go soon if it’s to be “completed by Dec. 10th. Militia Man Article: "Iraq intends to increase the International Monetary Fund by equivalent of 1.45 trillion dinar." They paid off their debt, inflation is down, interest rates have dropped, foreign currency reserves have increase, 152.6 tons of gold. Does that sound like a country that's still going to stay at 1310 with their exchange rate? Samson Article: "Al-Hakim to UN Representative: Iraq is experiencing unprecedented stability" Frank26 [Iraq boots-on-the-ground report] FIREFLY: They were praising Sudani on the television on what he has done...in our last two years. We all were going crazy because it's fantastic stuff everything that he has done...Remember what Shabibi said back in the day when he was alive, in order for the rate change Iraq must have both stability and security! FRANK: These are the tell-tale signs. This is the evidence that you seek... Mnt Goat My contact told me not to expect any move forward with the Project to Delete the Zeros until this new Trump administration signals, they will “fully” support it and the “process” and move to the end of the process, which is, as we all know, the reinstatement. Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process. EVERYONE - Have a great Veterans' Day Weekend - Blessings - RON

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: CBI governor Alaq on television saying our foreign reserves at 140% above our current issued currency. FRANK: Based on those words, can you just imagine the potential of your next exchange rate?! Militia Man In the eyes of the world, politically, all three presidencies are seated and that's beautiful. That's is really big time. I like that a lot. Samson Article: ”US report: Washington avoids escalation or disruption of the political and economic situation in Iraq" Walkingstick There are CBI laws and there are banking laws but Sudani is the man in control of the monetary reform. He is in control of the auctions. The auctions now only belong to the government of Iraq. They'll go through the CBI but only for the government of Iraq. MarkZ Article: “Sudanese arrives in Turkey on unannounced visit” ...this one is important... this means we are seeing serious progress in the HCL. (Hydro carbon Law) This is a pipeline to Turkey and part of the “Development Road Project”...There is a large portion of oil sales from Iraq will be going out through a pipeline through Turkey. Most of the oil from the Kurdish region of Iraq already goes through Turkey…So this is an important step for the HCL. Frank26 [Iraq boots-on-the-ground report] FIREFLY: On television they're saying the HCL will be approved on or before the end of this year. They're saying the budget investment side also will be revealed before the end of this year. And all that must happen first before the new 2025 budget can go to parliament in early 2025. FRANK: Do you have more confidence in me...? Are you now on my side when I tell you this year not next year? FIREFLY: Yes, we more than understand. Nader From The Mid East I read an article about the oil price ...Remember I told you the oil price is $70. It's really wrong...The Chairman of the CBI comes out and says, hey, we need to change the price of oil from $70 to $40 because they know the oil can reach $50 or $60 on the prices. In the budget if you put oil at $70, couple months from now you're losing especially when the war ends...Oil for sure going to go down. The next step on the oil prices will be $40 in the budget. That's very good because they know they're going to change the rate and they want oil price in the budget works with the rate. Clare Article: "Qusay Saddam seized $900 million and loaded it in trucks in 2003 - Central Bank Governor" Quote: "After 2003, we inherited an abnormal situation devoid of any real basis for stability. Our reserves that year were $900 million, and they were seized by Qusay Saddam Hussein and loaded onto a truck. This is documented by dates and numbers. So we started from scratch. The money supply in circulation was only 4 trillion dinars. Today, the volume in circulation exceeds 100 trillion dinars, and our reserves have exceeded 100 billion dollars." Militia Man They're maintaining control of the general level of pricing, they're controlling inflation, reducing both in the management of monetary mass. Reducing the monetary mass, what does that do? If you take money out of the system, there's less of it...You have more value. They're reducing the money supply. Inflation rate was at 7.5% now it's down about half of that 3.8%. If they reduced inflation by almost 50%, then wouldn't that likely be reasonable to presume that they reduce the monetary mass about the same amount? It sure seems like it.

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 They are so so close. Our elections, we're down to what, five days. These five days will be concentrated with so many concluding thoughts. These remaining days of 2024 are so concentrated on the monetary reform policy. Guru Clare Article: "The CEO of the Iraq Stock Exchange has been relieved of his post" Quote: "The market's CEO, Taha Ahmed Abdul Salam, was dismissed from his position today, Thursday...The head of the Securities Commission, Faisal Al-Haimus, was also chosen to replace Abdul Salam." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying Sudani and Saleh are telling Iraqi citizens our relationship with America needs and will turn to economic and will fade away from a military relationship. Militia Man Key point, Iraq has very little external debt based off her income streams, non-oil, oil, she's got a lot of money. $20 billion [external debt] isn't a whole lot of money in comparison to what they have income wise. Walkingstick [Iraqi Bank Manager Friend Aki Update - Reference Walkingstick's 10-31-2024 Aki update] It would behoove them to now put the pictures and the explanations of the lower denoms on the bulletin boards at these currency exchange centers. Aki owns 90 of these exchange centers with his conglomerate. You know why? Because it's all about the money. They don't get involved in politics. They don't care about parliament. They don't care about any delays. It's only about the bottom line. Frank26 The HCL cannot function at a program rate. That's why they're giving you the scientific interpretation of why they're lifting the three zeros, in order for this to make sense...and work for you Iraqi citizens. Clare Article: "Al-Mashhadani is the new speaker of the Iraqi parliament" Quote: "Mahmoud Daoud Salman Musa Al-Mashhadani (May 20, 1948-), an Iraqi politician and the first speaker of the Iraqi parliament after the US invasion of the country. He chaired the Iraqi Council of Representatives from 2006 to 2009 and was elected again today, October 31, 2024. He was also elected President of the Arab Parliamentary Union in 2008." Samson Article: "Al-Mashhadani is the new speaker of the Iraqi parliament" Quote: "The Iraqi Parliament elected Mahmoud Al-Mashhadani as its Speaker on Thursday evening, after nearly a full year..." Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning. FRANK: Why? Because of the float. You have to have a new exchange rate if you're going to float it.

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 Article: "Parliament reveals the secrets of 6 qualitative strikes against currency counterfeiting networks in Iraq" Pimpy We know Iraq relies too much on oil revenues for their money. At one time 96% of their budget relied on oil. I think it's down to 89%. Doesn't sound like a whole lot but that's a major jump for Iraq in the non-oil sector. The more they can get away from relying so much on oil the better off they are. The Development Road Project is going to be a biggie to help them generate a lot more non-oil revenue. MarkZ Article: “Hours before the session Sovereignty settles his position and “satisfied” Mushadanl as speaker of Parliament” There is a few more rubber stamps to finish, but we have a new speaker of parliament that has been agreed too. This is a big development in Iraq. Walkingstick [Iraqi Bank Manager Friend Aki Update] They are about to open many hundreds of ATM exchange enters outside of Iraqi borders. We call them currency exchange centers. Aki owns 90 of these centers. It is not him by himself. Aki is part of a conglomerate. His business partners, there's 18 of them, they own 90 of these 'currency exchange centers' around the world. The exchange centers are under the control of the GOI and CBI. They both control the exchange rate of the Iraqi dinar. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They talked about about the deletion of the zeros project on the television today. FRANK: The monetary reform education is very loud. It's coming to you at an increased speed. So much is being thrown a you to prepare you. Again, I strongly feel this year not next year. I don't want to exaggerate but it's almost to the point that every day they are explaining to you Iraqi citizens why that are lifting the three zeros to give you purchasing power to your currency. This is a dream come true.

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 ***Dinar News Flash*** Al-Mashadani is the new speaker of the Iraqi parliament. Stay tuned to the many gurus chime in on what this important milestone means for Iraq and the future of the Iraqi dinar! Mnt Goat There is NOT going to any “big lines” or celebrations in Iraq when they revalue in country. The only thing that will happen is that they will go on with life and know they have more purchasing power, but only after the reinstatement happens...They are catching up to the rest of the developed world. Also, you must remember too that the government along with the CBI is constantly now telling the citizens they are going to raise the value of the dinar to the “glory days” of the dinar. [Post 1 of 2] Mnt Goat ...the CBI is now also broadcasting the videos they produced by the committee, in which my CBI contact told me earlier this year, were being produced and ready for showing, but back then we were told – not yet. Now they are being shown to the public. Yes, it is time and so yet another clue things are close...If you talk to almost any citizens now in Iraq, they will tell you that they expect this event to happen soon. [Post 2 of 2] MarkZ This is a fantastic Article: “The Governor of the Central Bank reveals important figures on Iraq’s economy and foreign reserves” They go into how much currency in circulation today and how much before it was devalued. Revenues are up massively and they can afford an increase in the valuation. Their financial position is beyond strong. Militia Man Article: "Central Bank governor, foreign reserves exceeded 140% of local currency issues which amounts to about 100 trillion dinars...Iraq's external debt currency amounts to only $20 billion." That's very good...Bottom line is they are moving forward. Wolverine Looks like this is it everyone! Tier4b (us, the Internet Group) should be getting notifications for the currencies... Wed. 30 Oct...onwards...All needs to be done before the election...I have been assured all is ready to go... Samson Article: "Central Bank Governor: Foreign reserves exceed 140% of local currency issued" Frank26 IMO early this month all banks were told [about the dinar] and that's why now IMO every bank that you go to is now singing a completely different tune because they just realized, oh my goodness there's a lot of Jed Clampetts out there that are about to come into our banks, we got to take care of them...They're employees. They did exactly what their boss told them to say, It's a scam, get out of here. But you know and I know it's not.

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 I'm expecting an announcement this year, not next year. MarkZ Article: “Salaries will be delayed: Fundamental changes coming to the Iraqi money and financial system” Some are worried about the budget deficit. This is another reason we need the dinar value changed - to erase that. Militia Man They're preparing because they're going to have much of [the three zero currency] they weren't able to get off the street back coming into the banks. But what are they going to need for those folks that held that money...? The project to delete the zeros is going to bring value. It's going to bring purchasing power... Samson Article: ”China dominates the Iraqi market: exports exceed $65 billion in 2024!" Quote: "Chinese Customs Authority indicates that China continues to strengthen its economic dominance in Iraq..."

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: "Economist: Development Road Project Will Provide Iraq with Great Investment Opportunities" Quote: "The "Development Road" project consists of land and railway roads extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries" Frank26 I think [US] banks are feeling a little bit more relaxed because I believe the meetings are preparing them for something because time is running short...I'm grateful for the attitude, the change in the atmosphere how things are coming about now. Militia Man The Development Road Project is going be massive. It's going to create an environment that'll be seen for many decades long after I'm gone. I'm sure of it. MarkZ Article: “Washington supports Iraq’s efforts to achieve comprehensive economic development” Whenever a country is about to revalue- you will see this lady (Alina Romanowski) being an ambassador there. She had experience with Kuwait. Clare Article: "Kurdistan Finance Deposits More Than 77 Billion in Non-Oil Revenues into Baghdad Treasury" Quote: "This amount represents the share of the general federal treasury from the non-oil revenues of the Kurdistan Region of Iraq for the month of June." Frank26 Article 140 census was done many many years ago and used to calculate the HCL. They're doing the new census now because they're going to introduces a new rate. Breitling Just to be clear this is not an investment. It's speculation. I've used that in the past, it's an investment. That's incorrect. We are speculating. That's a completely different ballgame. Investing is something completely different. Sandy Ingram The average cost of living for one person in Iraq is $754/month. This amount includes rent therefore when Iraq creates a safe environment hundreds of thousands of travelers could easily spend $2,000 a month on average in Iraq. To understand how tourism can help change a country's GDP you only have to look at Mexico. Clare Article: "Counterfeiting currency in Iraq.. Is the responsibility of the Central Bank or the government?" Quote: "Two printers used in counterfeiting operations were also seized, as well as a yellow Renault wheel used in distributing counterfeit currency,” she continued, stressing that “legal measures were taken against the accused, and it was proven through the investigation that there is a person residing outside the country who visits the home of one of the accused from time to time and brings new and modern editions of counterfeit currency, which are distributed in Baghdad and Basra through one of the accused who has a relationship with one of the arrested accused"

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 Quote: "The Trade Bank is opening depository accounts for deposits only..." That's the kicker right there... They're enticing the people to come in bring in their hoarded money...Why are they creating bank branches specifically for bringing in deposits? That's the hoarded money...If they're going to get it out...what's the incentive? Why bring all your money in at 1310? ...They're going to need incentive and I think the real effective exchange rate is going to be that incentive... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr. Sammy...knows someone that attended a big meeting with the Untied States Treasury and the CBI and they said Iraq is coming off the electronic platform. FRANK: The auctions. FIREFLY: And expanding the dinar to go outside of our borders and go international at the end of the year. So all we will see for now on, according to Mr. Sammy, are just steps taking place to get there. But the grand prize will not happen until the end of the year. Mr. Sammy said his friend was there and knows this first hand. FRANK: My heart still holds out for this year though but...these two months are important to make sure everything comes out in order for the citizens to be successful. Mnt Goat Article: "Finance Minister Taif Sami Mohammed stressed the need “to adhere to timetables to achieve economic reforms”." Yes, Iraq is on a timetable, and I don’t think they are going to mess this one up under Al-Sudani as they have in the past. MarkZ Article: “Financial Advisor: Increasing iraq’s share in the International Monetary Fund is a step to enhance the stability of the dinar” This is a big piece and now we are starting to feel that effect. It is increasing the stability and the prominence of Iraq. The dinar is becoming a “Special Drawing Rights “ (SDR) Currency, and recognized worldwide. Militia Man Those people [Who have 'hoarded mattress dinars'] are expecting the stock market to run big time when they change the value of their currency based off of a Real Effective Exchange Rate based off real assets, non-oil [revenue]. That's what's in focus right now. It's phenomenal. This is a good sign of things to come.

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: “Salaries will be delayed. Fundamental changes coming to the Iraqi monetary and financial system" Frank26 Many people pose the question, I don't have my receipt. If I'm ever audited what am I going to do? If I don't have my receipt I'm going to be in the 40% [tax bracket]. I don't want to pay that much taxes. What do I do? Did you write a check? Your canceled check is your receipt. Did you use a credit card? You bank statement from your credit card is your receipt... Clare Article: "Financial Advisor: Increasing Iraq’s IMF Share Is a Step to Strengthen Dinar Stability" Quote: "The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that increasing Iraq's share in the International Monetary Fund represents an important step in confronting the economic challenges facing the country and stabilizing the value of the Iraqi dinar. He explained that this increase constitutes an effective tool against exchange rate fluctuations and inflation problems, and contributes to enhancing investor confidence in the Iraqi economy." MarkZ Bank Story: “Spoke to the teller at my Chase bank this morning in Arizona. I asked if this branch would be a RV center. He didn’t know what I meant so I told him about the dinar. He said he was from Iraq and still has family there. He told me that Iraq was in a Renaissance and is a very prosperous nation. He also confirmed Iraq has gone to a new digital banking system.“ Iraq dinar will not keep that low value long. Militia Man The evidence is abundant. Iraq is finalizing her reforms. With what? The support of American partnerships especially with large economic reforms and financial aspects in Iraq. These things are going to be linking the East to the West and they told you, via what? Iraq's Development Road Program. They're going to need the freedom of capital movement. That's going to be the Real Effective Exchange Rate. Frank26 Remember when Alaq went to the United States Treasury and then he came back and then Sudani went to the Untied States Treasury in New York. Do you know where the United States Treasury is right now? In Baghdad at the CBI, during this meeting, IMF probably, WTO, well of course, they're there. What did they discuss? The financial inclusion plans in Iraq and about the digital transformation. This is all part of the monetary reform... Mnt Goat Have they reached some sort of benchmark in the electronic digital banking reformation? Probably...it seems they have made so much progress. Also remember all this liquidity in the banks from the stashes and hordes of currency now being deposited. Please connect the dots and see the oncoming storm of prosperity coming to Iraq. Remember that we investors partake in this wealth when it comes to Iraq, but only when it comes as a byproduct of all these reforms. Yes, when they finally move to FOREX the plan and thus the execution of the process for the plan is moving forward nicely, it seems at a more rapid pace as we near the end of this year.

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 Question: With the HCL funded is the RV imminent? Mark: HCL- We keep seeing rumors but they have not announced it. I believe they have done everything but just not announced it. Clare Article: "This evening.. Baghdad hosts the first round of indirect talks between Washington and Tehran - Urgent" Pimpy What is Iraq's Hydrocarbon Law? ...Iraq Hydrocarbon Law (HCL) also known as Iraq's oil Law is aimed to create a legal framework for the management of oil production and revenue sharing amounts various stakeholders in Iraq. Stakeholders are the Iraqi government, the companies that are involved, the different provinces, the different governments. Remember you got some very corrupt politicians, if they had it their way, they'd keep it all for themselves but the money is going to be distributed based on the per capita of each province. That makes it a lot more fair. Each territory is going to decide what they want to do with their version of the funds. Militia Man Article Quote: "The Minister of Finance and The US ambassador today discuss efforts to achieve economic reforms...They strengthened bilateral relationships between the two United States and Iraq with a focus on economic cooperation." I like that part. "The meeting discussed the development road project that connects Iraq to Europe through Turkey and is one of the largest strategic and vital project making Iraq the link between Asia and Europe." That is unbelievable and it's given a finality to it. I like it. Mnt Goat Q? : Does the CBI have a time table to their plan of reforms and are they following it? They are now targeting early 2025 for the reinstatement. Everything they are doing from now to the end of year is geared towards this target is on a timetable. Frank26 Article: "Iraq Increases Reserves at IMF by 50%" MANY CENTRAL BANKS AROUND THE WORLD INCREASE THEIR RESERVES WITH THE IQD... BECAUSE IT'S NO SECRET. See Clare's Post following from last night..! Clare Article: "Iraq Increases Reserves at IMF by 50%" Quote: "Iraqi Cabinet...approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024. This 50-percet increase...will enhance the country's voting power within the IMF...The IMF created SDRs as an international reserve asset to supplement member countries' official reserves...They serve as a potential source of liquidity for IMF member nations." {Reposted}

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 Sandy Ingram A parallel market refers to the trade of goods or currencies through distribution channels that are not authorized by the original manufacturer or the official regulatory body, and it's legal. A black market refers to the illegal trade of good and services that are either prohibited by law or sold to avoid taxes and regulations. Iraq has serious currency controls and this automatically facilitates the black market. Iraqi citizens are banned from drinking alcohol, so yes the alcohol black market is probably huge. Iraq has another black market product, oil smuggling. [Post 1 of 2...stay tuned] MarkZ Article: "Iraq Parlianment expects to vote on Economic Reform laws soon” This has to do with the Industrial investment law, and to me this is very important and one of the clear signs that we saw in their “white papers”. They are spelling out everything they have to do to support a higher rate. They are doing the economic reforms to support this higher rate and lift up all Iraqis. Clare Article: "US delegation arrives in Baghdad to prepare draft for "indirect" negotiations with Iran" Quote "America is exerting strong pressure through Iraqi mediators to conduct negotiations with Iran regarding the future of the region. It wants to adopt the principle of a single basket in resolving all issues, unlike Tehran, which believes that each issue is separate..." Frank26 [Bank Story] BRAD: Huntington Bank in Pennsylvania, I funded my account with a small amount of money and I said I'd like to place an order for Iraqi dinar but before I do I want to see how much I can get for my money. To make a long story short they sell them at the program rate, which you know is nothing special. By the time I left I realized all I had to do was have her remove money from my account. I was on top of the world. I came home and called Gary. I said you live in Indianapolis, Do you have any Huntington Banks where you are? [Post 1] Frank26 [Bank Story Continues] He goes yeah. I said, you want to call them and see if you can purchase the dinar and dong? He goes sure thing. He text me back half hour later, he goes, Brad I can get them here in Indianapolis too. They come out of Miami. Why would Huntington Bank all of a sudden be selling dinar and dong at 970 branches in 11 states? Boom! FRANK: I have a Huntington Bank here in Toledo Ohio, they wouldn't sell dinars in the past. Why are they doing it now? The reason why, IMO, is because it opens the door for them to exchange the three zero notes. [Post 2] MarkZ Slim news coming out of Iraq...But this is a good one: Article: “Erbil provides Baghdad’s Treasury with 77 billion dinars” this means look for that HCL (Hydro Carbon Law) at any moment. They are trying to keep things under wraps until they pull the trigger; but they are behaving like it’s already done. Mnt Goat Iraq is going to experience a “redenomination” of their currency meaning to execute the process of swapping out larger three zero notes for newer lower denominations. When you take money out of circulation, you cause deflation, which is revaluing your currency or making it worth more. There is also all the other assets and variables involved that will FORCE the system to bring back the dinar to its nominal value, finally. They are doing this redenomination to “normalize” their currency back to their “normal” denominations, as before the sanctions took place. They will also need a “normalized” rate and not this current “suppressed" rate.

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 Sandy Ingram A parallel market refers to the trade of goods or currencies through distribution channels that are not authorized by the original manufacturer or the official regulatory body, and is legal. A black market refers to the illegal trade of good and services that are either prohibited by law or sold to avoid taxes and regulations. Iraq has serious currency controls and this automatically facilitates the black market. Iraqi citizens are banned from drinking alcohol, so yes the alcohol black market is probably huge. Iraq has another black market product, oil smuggling. [Post 1 of 2] REPOSTED Sandy Ingram Iraq is one of the world's largest oil producers yet the country struggles with shortages in fuel supply. The central bank vice governor said in March 2024 that Iraq is fighting a booming currency black market. He made this statement...three months after it became illegal to use dollars in transactions in Iraq...Some economists propose a bold strategy to address these twin challenges by introducing currency flotation. The would essentially remove the CBI's peg to the dollar allowing the dinars exchange rate to be determined by market forces. It appears the more controls a country has the more room there is for a parallel market or a black market. [Post 2 of 2] MarkZ Article: “Today Kurdistan government announces September salary payments” they used to be a year or 6 months behind, but now in October they announce paying September salaries. To me this means money is moving. This is an HCL requirement that is happening. I think HCL is done and they are hiding the announcement. Samson Article: "Government advisor prefers maximizing non-oil revenues by 2024"

Issue 740 :: October 2024 New Infrastructure Projects for Diyala 2024-10-17 00:41:08 By John Lee. On a visit to Diyala governorate on Wednesday, Prime Minister Mohammed S. Al-Sudani announced a series of new projects: Construction of 99 schools across Diyala, funded by the Iraq Development Fund. Al-Muqdadiya District Sewerage Project, valued at 56.6 billion dinars. Central District of Balad Ruz Sewerage Project, valued at 45.4 billion dinars. […] Read More MACK Trucks wins business in Iraq 2024-10-17 00:41:02 By John Lee. Iraq's Foreign Economic Relations Department, through its commercial attaché in Washington, held talks with US-based MACK Trucks to explore avenues of economic and commercial cooperation between Iraq and the United States. The discussions focused on technology transfer and establishing truck assembly lines in Iraq, following the Memorandum of Understanding signed earlier this […] Read More Iraq: Expanding Opportunities at the IBBC Conference 2024-10-17 00:40:47 From the Iraq Britain Business Council (IBBC): Iraq is making a significant comeback, presenting the private sector with an increasing array of opportunities to invest and contribute to its ongoing development. The Sudani government has not only introduced stability and reforms but is also investing in a wide range of infrastructure projects that promise growth […] Read More Amnesty International calls on Iraq to Reject Child Marriage Law 2024-10-17 00:40:12 From Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Reject changes to Personal Status Law which would allow child marriage and further entrench discrimination Iraqi lawmakers must drop amendments to the Personal Status Law, which would violate women and girls' rights, […] Read More Iraq's Dollar Auction "Funneling Billions to Fraudsters and Militants" 2024-10-17 00:40:06 By John Lee. The Organized Crime and Corruption Reporting Project (OCCRP) has claimed that Iraq's dollar auction system has been exploited by money launderers and militant groups. Click here to read the report. (Source: OCCRP) Read More US "should consider supporting Development Road Project" 2024-10-16 01:00:08 By John Lee. An opinion piece published by The Washington Institute for Near East Policy argues that the US should consider supporting both the Development Road project and Turkiye's wider plans in Iraq, "since both serve the paramount goal of counterbalancing Iranian influence." Soner Cagaptay writes: "Ankara believes that the lucrative construction contracts for the […] Read More New Canadian Ambassador to Iraq 2024-10-16 01:00:02 By John Lee. Iraqi Foreign Minister Fuad Hussein received a copy of the credentials of the new Canadian Ambassador to Iraq, Christopher David Pym, on Tuesday [15th October, 2024]. The Minister welcomed Ambassador Pym, underlining the importance of the bilateral relations between the two countries, and the need to strengthen and develop them across various […] Read More Iraq Sets New Wheat Pricing for Irrigated Lands 2024-10-16 00:59:58 By John Lee. The Iraqi government has agreed new pricing for wheat based on the type of irrigation method used. Wheat grown on lands using modern irrigation systems will be priced at 850,000 Iraqi dinars [$649] per ton, with a 90% government subsidy compared to global market prices; wheat from lands using traditional irrigation will […] Read More Iraq "buys 900 MWh" of Power from Kurdistan Region daily 2024-10-16 00:59:55 From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq buys 900 MW of power from Kurdistan Region daily: Ministry Iraq's electricity ministry on Sunday said it buys 900 megawatts of electricity daily from the Kurdistan Region, amid lower power production due to […] Read More MGH, GE Vernova advance Bismaya Power Plant Modernisation 2024-10-16 00:59:52 By John Lee. Mass Group Holding (MGH) and GE Vernova have announced significant progress in the modernization of Iraq's largest power facility, the 4.5 GW Bismaya [Besmaya] Power Plant in Baghdad. Phase 1: Phase 1 involved Advanced Gas Path (AGP) upgrades on four GE Vernova 9F.04 gas turbines at the Besmaya Power Plant. The upgrades […] Read More Iraq Increases Reserves at IMF by 50% 2024-10-15 20:37:06 By John Lee. A meeting of the Iraqi Cabinet this evening approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024. This 50-percet increase in Iraq's previous quota […] Read More Iraq to issue New Govt Bonds 2024-10-15 00:38:53 By John Lee. Iraq's Ministry of Finance has said it will issue a new series of its "Injaz/Enjaz" ["achievement"] bonds. According to s statement issued on social media, but not yet available on the Ministry of Central Bank of Iraq (CBI) websites, the bonds will be offered in two denominations: A bond of 500,000 Iraqi […] Read More Top Universities in Iraq named 2024-10-15 00:38:48 By John Lee. The Times Higher Education World University Rankings has listed 79 Iraqi universites, ranking two of them in the range 1,001-1,200 worldwide, 3 in the range 1,201-1,500, and a further 16 in the category 1,501+. The remaining 58 universities were listed with 'recorder' status, meaning that they submitted data but did not meet […] Read More Iraqi PM Suspends "Unlawful" increase in Real Estate Transfer Tax 2024-10-15 00:38:44 By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, has ordered the suspension of a recent tax hike on real estate transfers. According to a statement from the Prime Minister's office, the increase was issued by the Director General of the General Tax Authority without approval from the High Committee for Tax Reform, and it […] Read More Baghdad-Ramadi Railway Reopens after 20-Year Hiatus 2024-10-15 00:38:40 By John Lee. Iraq's Minister of Transport, Mr. Razzaq Muhaibis Al-Saadawi, officially reopened the Baghdad-Ramadi railway in Anbar province last week, marking a significant milestone after the line had been inactive for 20 years due to terrorism. A lengthy press release from the Ministry gave few details of the project; it included pictures of the […] Read More Iraq Establishes Genetic Banks to Boost Date Palm Production 2024-10-15 00:38:37 By John Lee. Iraq's Ministry of Agriculture has launched a series of initiatives aimed at increasing the number of high-quality date palms and enhancing date production. Dr. Hadi Hashem al-Yasiri, Director General of the Horticulture Department, announced the establishment of genetic banks to propagate large numbers of superior saplings. The initiative includes tissue culture projects […] Read More DNO issues update on Oil Production and Sales 2024-10-14 22:50:27 By John Lee. DNO ASA, the Norwegian oil and gas operator, has issued an update on production, sales volumes and other key information for Q3 2024: Q3 2024 Trading Update and Invitation to Earnings Call Oslo, 14 October 2024 - DNO ASA, the Norwegian oil and gas operator, will publish its Q3 2024 operating and interim […] Read More Iraq Accelerates Fiber-Optic Roll-Out 2024-10-13 01:52:33 By John Lee. Iraq has increased the rate at which it is installing fiber-optic internet connections. The Ministry of Communications reports that more than 3.5 million FTTH (fiber-to-the-home) connections have been complete so far in 2024. This compares to 2.9 million last year, 1.5 million in 2022, and 276,000 in 2021. (Source: Ministry of Communications) Read More New Report on Small, and Medium-Enterprises (MSMEs) in Iraq 2024-10-13 01:51:23 By John Lee. In 2021 the Ministry of Planning's Central Statistical Organization (CSO) in partnership with the United Nations Development Programme (UNDP) and with funding from the United States Agency for International Development (USAID) has conducted a study on Micro, Small, and Medium-Enterprises (MSMEs) in Iraq. The Survey covered the three governorates of Baghdad, Basra, […] Read More Iraq's Int'l Telecom Transit Capacity generates more Revenue 2024-10-12 13:41:30 By John Lee. Iraq's Minister of Communications, Dr. Hayam Al-Yasiri, announced that Iraq's international telecom transit capacity has increased to "1400G" [presumably 1,400 gigabits per second (Gbps) of bandwidth capacity] by mid-2024. This represents a significant increase on the 10G in previous years. According to a Ministry statement, this generated a revenue of $1.8 million […] Read More Spanish Engineering Firm may implement Basra-Shalamcheh Rail 2024-10-11 10:02:53 By John Lee. The Iraqi Cabinet has approved the minutes of the technical committee of the Iraqi Railways Company tasked with negotiating with the Spanish company Imathia for the construction of the Basra-Shalamcheh railway line. A statement from the Prime Minister's Office said, "the contract will be finalized, considering the Legal Department's remarks, and the […] Read More Iraq Reviews Huawei Solar Power Proposal 2024-10-11 10:02:48 By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadel, chaired a technical meeting with Chinese company Huawei to discuss the proposal for a fast-installation solar power plant with a capacity of 100 MW in Karbala. The project is intended to be completed within six months and operational by summer 2025 to help meet […] Read More Iraq Stock Market Report 2024-10-11 10:02:43 Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (trading week ending: 10th Oct 2024). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,877.6 1.3% 20.8% RSISX USD Index […] Read More Iraq signs Contract with GCCIA for Import of Electricity 2024-10-10 01:47:47 By John Lee. Iraq has signed a contract with the Gulf Cooperation Council Interconnection Authority (GCCIA) for the import of electricity. The project aims to enhance Iraq's energy stability and reduce reliance on costly conventional energy sources. The Gulf-Iraq electricity link is expected to supply Iraq with 3.94 TWh (terawatt-hours) annually by 2025 at competitive […] Read More Loxstone Energy to facilitate Iraq/Turkmenistan/Iran Gas Swap 2024-10-10 01:47:37 By John Lee. Iraq's Council of Ministers has authorized the Ministry of Electricity to contract with the Swiss company Loxstone Energy for the supply of gas from Turkmenistan to Iraq via Iran under a swap agreement. Due to the importance and urgency of this contract in maintaining the operation of power plants, the deal is […] Read More Rafidain Bank to engage K2 Integrity 2024-10-10 01:47:34 By John Lee. As part of the Iraqi government's efforts to reform the financial and banking sectors, the Council of Ministers has approved the contracting of Rafidain Bank with K2 Integrity and up to three experts in the fields of compliance, anti-money laundering, and risk management. According to a statement from the Office of the […] Read More Iraq Launches Tender for Baghdad-Baiji Railway Upgrade 2024-10-09 00:37:26 By John Lee. The Iraqi Ministry of Transport has announced a tender for the design and completion of the Baghdad-Baiji railway line, with plans to upgrade the Taji-Baiji section to UIC60 standard gauge. Partially funded by the World Bank under the Emergency Development Project, the contract covers design and construction work to modernize the current […] Read More IDC Completes Oil Wells in Sth Baghdad and Bazargan 2024-10-09 00:37:19 By John Lee. The Iraqi Drilling Company (IDC) has successfully completed drilling two oil wells, one in the East Baghdad South field and another in the Bazargan South field (part of the Maysan fields). Deputy General Manager Kazem Habash Khalif stated that the company continues to implement its ambitious plans using advanced drilling techniques while […] Read More Plans for River Taxi Service in Baghdad 2024-10-09 00:37:14 By John Lee. The Administrative Undersecretary of Iraq's Ministry of Transport, Dr. Hazem Radi Al-Hafathi, led a meeting to discuss the activation of a river taxi service in Baghdad. According to a statement from the Ministry, the project aims to establish 22 docking sites along the Tigris River, improving river transport and alleviating traffic congestion […] Read More Iraq PM opens Baghdad Paediatric Hospital 2024-10-09 00:37:10 By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani inaugurated the second phase of renovations at Baghdad's Central Teaching Hospital of Paediatrics, marking what his office described as a significant step in the government's healthcare modernization efforts. The upgraded facilities include revamped surgery and hematology departments, four new operating rooms, advanced radiology and CT/MRI units, […] Read More For the first time business people have a means of communicating with key readers in the Government, local agencies, diplomats and major investors all committed to realising the vast potential Iraq has to offer. Advertising in Iraq Business News is a smart move. Contact us Iraq Business News | Iraq Business News Ltd Suite 1 - Canon Court North 2, Abbey Lawn Abbey Foregate | Shrewsbury, SY2 5DE GB

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: "Parliamentary Finance Committee praises Al-Sudani: He has a real will to boost non-oil revenues" MarkZ Let’s start with this Article from the WTO: “Congratulations to 23 participants (Iraq being one of those) for completing WTO ascension training and market access negotiations on goods” This tells us Iraq is preparing for that ascension. I continue to hear out of Iraq that they hope for that announcement this week. Militia Man The efforts are just absolutely I think phenomenal. We don't have a date and rate, but we can see Iraq is going to a market economy in the private sector. Frank26 Question: "What happened to the unpublished Gazette edition [possibly containing the 2024 budget]?" It's still in the top drawer and next to the blue box with the red bow tie on it that says HCL. Pimpy The difference between the exchange rate and the effective exchange rate is this: An exchange rate is a price at which one currency can be exchange for another. It reflects the current market value of a currency in relation to another currency. The Real Effective Exchange Rate on the other hand is a more comprehensive measure that evaluates a country's currency relative to a basket of other major currencies adjusted for inflation. The REER provides insights into a country's international competitiveness by considering how much goods and services cost in different countries...They have a Real Effective Exchange Rate already. It's being used...

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: ”US Senate enters the line of pressure on the Central Bank of Iraq" Kaperoni A country's currency and its value is not a random act or an arbitrary number. An exchange rate is based on a country's GDP, economic success. Until Iraq diversifies their economy the dinar will remain weak. Sandy Ingram Iraq is a different country and has grown significantly since 2014, however we are concerned ISIS is not completely destroyed, as many would believe, [My] second concern is oil prices are set to go down in early 2025 because demand is expected to decrease. Because Iraq relies heavily on oil prices for salaries for government workers [we] along with the IMF and the Iraqi Parliament are concerned this could affect Iraq. Militia Man What will have a profound impact on the global financial system? ...IMO...is them at least reinstating their currency to what it was before. Going 1 to 1 isn't going to cut it. Going to a full-blown reinstatement would do that. Also having a Real Effective Exchange Rate applied would do that. That's the type of profound impact I'm expecting... Sudani mentioned a couple of times that the dinar is stronger than the dollar. Keep all that in mind. MarkZ Article: “Iraq increased reserves at the IMF by 50%” This is huge. This is an increase to the IMF for their SDR’s (Special drawing rights). In other words when a country comes for a loan to the IMF – they are borrowing from Iraq. This will enhance Iraq’s voting power in the IMF as well. This makes Iraq one of the most influential Arab nations. We know we have World Trade Organization ascension coming…and they are now taking a lead role in loaning funds to other countries in need and writing policies for the region with the IMF. They are close to restoring stability and faith to their country and their currency. I am excited on what we are seeing coming out of Iraq as of late. Clare Article: "The College of Administration and Economics at the University of Mosul holds its international scientific conference on 'Development and financial and economic stability to restore confidence in the Iraqi dinar'" Quote: "The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar" Frank26 Concerning the CBI announcing to you Iraqi citizens that they are activating the banking reforms. That means they are activating the monetary reform. They're going to give you your new lower notes. They are going to give you your new exchange rate. They're going to give you the keys to the ATM. You are now going to be receiving your purchasing power not only through the new exchange rate but via the HCL and the jobs the economic reform is about to produce. Samson Article: "Launching of the activities of the international scientific conference under the slogan 'Development and financial and economic stability to restore confidence in the dinar'"

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: The November census starts on the 20th and the 21st, Wednesday and Thursday we will be in curfew. They say will be a 4-day holiday. Samson Article: "Governor of the Central Bank of Iraq discusses with the German Ambassador enhancing the financial inclusion plan in Iraq and digital transformation" MarkZ Article: “The launch of the activities of the International Scientific conference under the slogan “Development financial and economic stability to restore confidence in the dinar” This seems to be the number one goal in the government right now…to restore the confidence in the dinar so that when they change the value-people have faith in it and use the dinar instead of the dollar - yes we want it faster, but I think we are about to get it. Frank26 WTO saying Iraq is an economic powerhouse is exciting. The reason they just told you that, Iraq has completed everything to join the WTO. Iraq is not in a hurry to join the WTO but the WTO desperately wants Iraq because a new exchange rate that will be very profitable for both sides. Clare Article Quote: "Laying the foundation stone for the largest skyscraper in Baghdad" Quote: "The Baghdad Municipality is proud to give approval for the first skyscraper in the heart of the capital, Baghdad, within the new Downtown complex of the city of Baghdad."

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: "IRAQ EXPORTS MORE THAN 54 MILLION BARRELS OF OIL AND ITS DERIVATIVES TO AMERICA"...the best part is that Iraq is now refining their own oil and selling not only raw crude oil exports but now running refineries to generate oil products (or derivatives) and exporting them too. MarkZ There was a lot of news this weekend coming out of Iraq. Article: “Prime Minister: Iraq is witnessing unprecedented economic development and a stable political system” He is using very important key words. Dr. Shabibi (Former governor of the CBI and architect of the RV) had told us if they gave him a safe and stable Iraq - he would give them a higher revaluation or reinstatement. Iraq is the most stable country in the region and becoming a leader.

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 Article: “Coordination with the World Bank for projects” Pretty much everybody except the US and the federal Reserve is banking on Iraq’s WTO ascension and the increase in value of the dinar. The world bank is one of those and they are working with Iraq on larger infrastructure projects. Iraq is not staying in the background for much longer ... Most likely when they announce the official WTO ascension we will see a public rate… imo Samson Article: "Deputy Spokesman for the UN Secretary-General: Census results must be used for development" Militia Man Article: "World Trade Organization in Geneva 2024 was held on July 18th." That's just a few months ago. Quote: "The significance of this is it marked the formal resumption of Iraq's accession process to the WTO after a 6-year hiatus." They have intensified the bilateral negotiations for the accession...There's a push now and they will need to be an internationally accepted currency in place ahead of the accession.

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 Breitling When people were buying dinar from banks here in the United States there was a difference in the exchange rate. One bank was 1% another bank was 2%. I bought mine from an American Chase Bank. I asked them where did they get their dinar, they got it from Bank of America. It specifically came out of Saint Louis. Clare Article: "To avoid major chaos... indirect negotiations between Tehran and Washington in Baghdad" Quote: "Baghdad has actually begun to arrange the atmosphere and seek to crystallize priority understandings that may be the beginning of upcoming meetings, especially since all parties are open to the negotiations file, even if they are indirect" MarkZ We are watching key things like HCL, WTO, Auctions ending and final budget tables. All of this needs a new rate. We are in the fun part. They need to let her rip by the end of they year, but I believe we are much closer than that. I am staying warm and fuzzy. Samson Article: "Al-Mandlawi: Iraq is focusing today on strengthening economic and investment aspects and sparing the region the scourge of wars"

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 Question: "The exchange rate change should be the next step before the lower notes and everything else right?" The next step is to introduce the lower notes and the new exchange rate yes. But in that process it's a chain of events - Picture a room with 100 mouse traps...if you throw one ping pong ball in that room...one mouse trap will cause a chain reaction...to fire off. That is what's going to happen when you have the new exchange rate introduced to the world... MarkZ In Iraq Article: “Economist: 2025 budget amendments are pending and the date of approval before the end of the year.” Why is this important. We are looking at WTO with all files done and paperwork finished…and we are waiting on the official announcement that Iraq has ascended. Then the budget tables are to be done by the end of the year and auctions will be ending by the end of the year. We were told many years ago that at the time they ended the currency auctions there would be a rise in value of the Iraqi dinar. Now they are ending them before the end of the year, that's not far off. We are in the window. *** Midnight Saturday - 10/12/2024 *** Samson Article: "The Iraqi Bank for Trade announces measures to support the stability of the exchange rate" Militia Man Those that keep calling this a scam are silly and they don't know what they own - If they even do... Frank26 Community Comment: "Many are saying Sudani and Alaq are to blame for the hold up." What are "many"? Because whoever that "many" is is very ignorant, very uneducated...in the understanding of the monetary reform process. For someone to say Alaq and Sudnai are the reason to blame for the hold up, that is a complete 180. It is Alaq, Sudani and Barzani now what are bringing success of the monetary reform and who are announcing it to the Iraqi citizens...

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 Quote: "There's been a completion of the first steps of the banking reform process." In my view the next phase should introduce new currency denominations. If they're going to have 3 zeros removed as Alaq said, you're going to need new denominations. They never have had a three zeros exchange rate to be supporting the global financial system. They haven't done that in 21 years so why now? They never will as far as I'm concerned; they're never going to be the savior of anything at 1310. Frank26 Articles...makes it very clear what they're doing - adding value by lifting the 3 zeros. It's right there. It's from the Prime Minister. It's from Alaq the governor of the CBI word for word. Anybody that tell you it's a scam, educate them because this is not Bigfoot. This is not a UFO. This is not Lock Ness. This is a reality...happening right before our eyes. MarkZ Article: “Gold in Iraq: A promising future for mining” This article is from 2015 but tells us how much gold they have in the ground etc. I had the privilege of talking with someone in the industry dealing with equipment…they have started moving a lot of gold mining equipment to Iraq. Iraq’s gold mining industry is starting to explode. They know they have a tremendous amount of gold and rare earth minerals there. As a Matter of fact experts over there say they may actually eclipse their oil revenues. Mnt Goat Article: “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS” ...the CBI has completed the first phase of the banking reform process... First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map...

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 Sudani has said he wants to raise the purchasing price of the dinar for all Iraqis, both at home and abroad. He has also said he wants to restore the dinar to its former glory. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Minister of Finance on TV saying they have activated the automation and digitalization process. FRANK: That's important. Digitization...is the backbone of the monetary reform. That's what's going to move the currency in and out of the country but more so out there when it starts to float for us...That will add the Real Effective Exchange Rate to your currency. Pimpy When they keep talking about returning to the 'glory days' they didn't have inflated dollars. [Iraqi citizens] weren't running around with 25,000 or 50,000 dinar notes. They were running around with much lower denominations. That is when the exchange rate was higher. It was against the lower Iraqi dinar denotations...At least be prepared for the fact that they're going to delete the zeros and then change the exchange rate. That is more likely to happen. Is it possible to leave the zeros on? Yeah, of course it it. But think realistically about all this. Henig Article: "Trump Organization to develop $1.5 billion golf course and hotel project in Vietnam" Quote: "In mid-September, representatives from the Trump Organization visited the province and met Hung Yen authorities to discuss investment opportunities, according to the provincial administration...We are excited to enter this dynamic market. Vietnam has potential in the luxury hotel and entertainment industry, Eric Trump, Executive Vice President of The Trump Organization, also the second son of former President Donald Trump, said in the statement." MarkZ Articles out on how Iraq has completed all the steps needed to join the WTO: We knew they had completed all the steps and now this is an official statement saying they are done. Many experts besides myself including other intel providers...and members of the Iraqi finance ministry believe this will bring us their increased rate.

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 At the end of the day Iraq is showing us they're going international. We're going to watch it happen. MarkZ We do have some interesting news...Article: “Economic Researcher: The Iraqi budget enters the danger phase” This article is telling us we are about to see an exponential change. Frank26 Community comment: "I believe it will RV before the time they gave." The revaluation actually started in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it. It was $3.22 when it was brought down... Because of inflation do you think $3.22 would be fair over 20 years later? No I don't think so. Therefore the exchange rate is not going to 1000 is it? It's saying at 1320/1310. When they lift the three zeros that's be a little over a dollar for the citizens. Now that's fair. Clare Article: "Ministry of Oil announces the start of exporting jet fuel" Quote: The Undersecretary added that the export process is a step in the right direction, to enhance Iraq's role globally among the countries producing and exporting oil and its derivatives, in addition to that it reflects the prospects for development in the Iraqi oil industry. He explained that the export operations of oil products contribute to increasing the financial revenues achieved from the activities of the oil sector, and thus supporting the national economy," Samson Article: "Kuwait withdraws citizenship from those accused of stealing the century in Iraq" MarkZ Article: “The Minister of Finance says we need to adhere to timetables to achieve Economic Reforms” He is pointing out they have done an exceptional job but want to speed things up. Part of those economic reforms is an increase in the purchasing power... And they are modernizing their stock market. It has been a booming success. Militia Man We had numerous articles about the WTO. We already knew they had completed their requirements. Now they're hammering it home again they're gearing to go international. What are we waiting for? I think what we're waiting for is the exposure of the 2024 tripartite budget. Why? Because it's go components in it for...investment to pay for the development projects.

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 The Export Import bank of the United states has approved $297 Million for an energy efficiency project in Iraq. This money would not be going to Iraq if it wasn’t going to be safe and stable, and if they could not pay those loans back. They are counting on an International Iraq with a real effect exchange rate. Samson Article: "US Ambassador: We are committed to supporting Iraq's security, stability and sovereignty" Frank26 Article "Salaries next week.. Baghdad sends 329 billion dinars to Erbil and the latter indicates a decrease in the amount - Urgent" A DECREASE IN THE AMOUNT EQUALS AN INCREASE IN THE EXCHANGE RATE. SkyWalker The project [to delete the zeros] is more then just the currency or an exchange rate. The monetary reforms, banking reforms, building up the reserves at the CBI, buying gold, making laws that attract foreign direct investment, fighting corruption, increasing international trade, connectivity with international finance platforms, are just some of the instruments that will justify the RV. When the CBI is ready the new currency will be introduced with higher value that will be fashioned specifically for the new macro and micro Iraqi economy. BobTheTaxMan We're in a speculative game with Iraq. We've had all the ups and downs and all the thrills and spills that go along with the conspiracy theories. The truth of the matter is it has the possibilities. If it didn't have the possibilities. I wouldn't be following it anymore. I've got better things to do. But it's at a very peril position at the moment. We got to watch and see what's going to happen.

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 Everybody knows that Iraq said back in September of 2023, that Iraq was going to be the savior of the international financial system, bring confidence to the financial system in the largest banks in the world. They've been working on this to do what they said they were going to do. MarkZ Article: “Iraqi Government issues new decisions” Everything in this article that they have just done is screaming REER. (Real Effective Exchange Rate) And that is what I am hearing from my folks at the Finance Ministry. They believe we are circling close to the rate change. Frank26 A lot of people unfortunately are considering this a lop...You really think they're going to take a pair of scissors and go click, click, click [cutting off zeros from the physical notes]? What is this...it's got holes in it? You just cut it all up...No, if they did that it's called a lop...So where does it come off of? A [physical note] is called a currency. You're not going to take it off the bill...Iraq's exchange rate is .00076981 . You take the decimal point and you move it over to the right three spaces because that's three zeros and this becomes $0.76 . Got it? This is purchasing power when you change the exchange rate by lifting 3 zeros. What is the exchange rate right now in Iraq? 1320 . When they change the exchange rate that will become internally for the Iraqi citizens 1.320 Breitling Right now I don't have confidence in Iraq's economy because what's at stake, what's going on. Even if they build a minor version of what they want to do [Development Road Project], it's not going to be as big as what they need it to be. They needed to pick the right side [East or the West], they didn't. The indicators that they didn't pick the right side is that Hezbollah and Hamas were going to build their headquarters in Iraq...It doesn't look like they're going to be part of our markets. They're making bad bad moves right now. For the first time. Hezbollah is a shell of what they used to be so we'll see how things work out. MarkZ Article: “Uncover the features of the 2025 budget schedules” They are hard at work right now letting us know they are working. We are looking for a new value as they do this. Pimpy When we're trying to judge where the Iraqi dinar is, we're talking about where it is right now. But wait, there's other things out there that would benefit the Iraq dinar...People wanted to know what I was talking about...The Road and Rail Project would improve the value of the Iraqi dinar. Iraq has been focusing on improving its infrastructure, particularly in road and rail transportation as part of the broader economic development strategy...The more people are working, the more people got money, the more people that have money, the more people go out and shop, which is exactly what Iraq needs to stimulate the economy. Clare Article: "Sudanese advisor: Most state employees do not know how to use computers" Quote: “Iraq suffers from a weakness in human resources for digital transformation...We are in the process of creating a digital academy to appoint and train millions of employees ... The academy is being built by the private sector, not the state, and in cooperation with Microsoft and Apple...The Iraqi state has 5.25 million employees, most of whom do not know how to use computers."