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Here's some articles of Dinarian interests... Great anticipation for the opening of ISX next Sunday. Could the new rate already be in ISX at the opening? Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Parliamentary Committee: Amending The Investment Law In The Next Legislative Term. ARTICLE: A member of the Parliamentary Investment Committee announced the committee’s intention to amend the Investment Law. Muhammad Al-Zayadi told {Al-Furat News} agency, “There is no investment in the country due to the lack of clarity in the investment law, which constitutes a major problem, but after the end of the legislative recess, the committee will work on amending the investment law.” He added, “The political situation has nothing to do with the law because it is related to the service aspect & the goal of amending the law is to be at the level of moral investment in the country.” It is noteworthy that the Parliamentary Investment Committee justified its effort to amend some investment laws in order to attract foreign investments & capital because some paragraphs of the laws related to investment conflict with sustainable development in Iraq, including the Investment Law, the Companies Law & others. Ragheed LINK -With anticipation for the opening of stock exchanges, Dollar prices maintain their rise. The Dollar exchange rates are still maintaining their rise before the advent of Eid al-Adha & its close, amid great anticipation for the opening of the stock exchanges next Sunday, to know the level of the new prices. In Erbil, the buying price of the Dollar by exchange office owners was 146,650 Dinars per 100 Dollars, while the selling price was 146,750 Dinars per 100 Dollars. In Baghdad, the Dollar exchange rates exceeded 147 thousand Dinars for every 100 Dollars. These prices were higher than the prices of previous weeks, as the exchange rate was less than 145 thousand Dinars per 100 Dollars. LINK -Between Oil & Debt: Iraq Faces The Challenges Of The Budget Deficit. The budget deficit for 2024 in Iraq constitutes a major challenge & reflects the gap between government revenues & expenditures, which imposes pressure on the national economy & leads to an increase in public debt. Iraq relies on oil revenues as a main source of financing the Budget. As oil prices fluctuate, it becomes difficult to predict revenues accurately. Iraq resorts to borrowing to finance the deficit, which increases the size of public debt & negatively affects the cash reserves of central banks. -Economist Nabil Al-Marsoumi revealed the risks of the Budget deficit for the year 2024, amounting to more than 64 trillion IQD. Al-Marsoumi said in a blog post followed by Al-Masala, “The Budget deficit amounted to 64.025 trillion Dinars, as the revolving balance in the Ministry of Finance’s account reached 1.571 trillion Dinars.” He continued, “The increase in the selling prices of exported crude oil amounts to 16.607 trillion Dinars,” noting that “remittances deducted from the legal reserve of government banks are equal to 5 trillion Dinars.” He added that “loans from government banks amounted to 3 trillion Dinars,” noting that “the discount on treasury transfers at the CBI amounted to 20.041 trillion Dinars.” He pointed out, “National bonds are worth 5 trillion Dinars & total internal borrowing reached 33,041 trillion Dinars & external loans amounted to 12,806 trillion.” He stated, “Many observations were made regarding the budget deficit, including a decrease in the Ministry of Finance’s revolving balance from 23 trillion Dinars in the 2023 budget to 1.571 trillion Dinars in the 2024 budget.” Al-Marsoumi added, “It has been observed that there is a heavy reliance on internal & external borrowing to finance the Budget deficit, which exacerbates the size of internal debt, especially which currently stands at 79 trillion Dinars, in addition to its negative impact on the cash reserves of the CBI & other Iraqi banks.” He concluded that “there are three sources in financing the Budget deficit, which are deficit financing, internal and external borrowing & the revolving balance of government accounts,” noting that “using the expected increase in oil revenues amounting to 16.607 trillion Dinars to finance the Budget deficit is something new because this increase is supposed to be added.” The expected oil revenues. In this case, the Budget will have been built on the assumption of exporting 3.5 million barrels per day at a price of $83 per barrel instead of $70, which is a non-conservative price and full of risks for two reasons. The 1st is that Iraq’s oil exports are less than 3.5 million barrels per day due to OPEC+ restrictions. The 2nd is that the high price of oil adopted by the budget is unrealistic & very optimistic, which may expose the Budget to other imbalances as a result of these two assumptions not being met.” -Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices? Economic expert Mahmoud Dagher explained the reasons for the failure of Iraq’s financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output & pressuring spending, especially operational. Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy & there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports & I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.” He added: “If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The 1st is direct & is the result of the Central Bank’s sales rising to 300 million Dollars per day to cover imports.” He pointed out, “The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion.” The economic expert stated, “The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel." -World Bank: Spontaneous Gas Combustion Associated With Oil Production Is Rising. A World Bank report revealed on Thursday that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years. With only six years remaining to achieve the World Bank’s goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period. Natural gas is usually produced from oil exploration & some companies choose to burn this gas instead of capturing & storing it because providing the necessary infrastructure to deal with it is not commercially viable. The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 & 2022 & added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable & there is a need to take urgent action.” Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere. Nine major oil-producing countries account for 75 percent of gas flaring & 46 percent of oil production. These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria & Mexico, according to the order of the quantities of gas burned. The report stated that Algeria & Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya & other countries. The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data.

Luigi found these articles of Dinarian interests... Don't get hopes up if the new rate change is not what we are expecting. Treat as rumors. Not verified. Your opine. Pimpy: Article: Somebody [asked] can I make a case for the $3.22 rate for the Iraqi dinar…sure I could but I still think it’s going to go up in increments. The only hope that anybody has that the rate would be reinstated would be if good old Maliki went in there…and messed around with it. All of a sudden we’re hearing…the Coordination Framework talk about there has to be a change to strengthen the Iraqi dinar’s exchange rate… [Post 1 of 2….stay tuned] Pimpy: Article: I don’t want you to get your hopes up and misunderstand what I’m saying. We have no idea what the rate change is that they’re talking about. They might turn around and reinstate the rate to prior to this this one which means it moves from 1450 for every dollar, back down to you get 1190. Sure it’s a 27% increase but it’s not the kind of exchange rate that you’re looking for. [Post 2 of 2]

Luigi found this article of Dinarian interests... Kazemi says the rate has been changed. Treat as a rumor. Not verified. Your opine. Frank26 via Firefly & Boots on the Ground" Article: All hell has broken loose here in the Green Zone because of who they are trying to name as Prime Minister. Kazemi did come on & say after the protester stormed that the 1190 & 1460 exchange rate was wrong & he said..."the rate has been changed but we don't know what the rate was changed to or what or when we can see it"

Here are some articles of Dinarian interests... Guru Sheila is expecting a rate change around the 14th. Lets hope it's not another devaluation against the USD. Treat as rumors. Not varafied. Your opine. 4-11-2021 Guest Guru Sheila: . ..especially expectant this week. From what I am reading...Wednesday, April 14th is next Iraq Gazette issue & April 15th is when UN Operational Rates should be updated and posted...[IMO]... 4-11-2021 Newshound/Intel Guru RVAlready: The CBI does not need the budget to be in the gazette. They are setting the exchange rate for the currency. They do not require the budget in the gazette to do that. 4-11-2021 Intel Guru RayRen98: ...Budget law is now effective and in place and there is no going back and adding or reviewing the budget. On Iraq tv earlier today. CBI is up to bat.

S3A Thinks our 10K & 25K IQD may become worthless. We may have to exchange them for the newer denoms when they become available. It sure sounds like a LOP to me. 20 Nov 2015 S3A... THIS IS WHAT THE ARTICLE REALLY MEANS Basically this post means Iraq is removing additional NOTES from circulation, and it also means the Lower Denoms are now officially on the “MOVE” for release and circulation. On the flip side of this article it also means the 10 and 25k notes we hold as investors may become worthless or currency dealers will have to start USA note replacement process like they did the 50 notes a few months ago. This article lets us know that there MUST be a rate adjustment taking place IN COUNTRY, otherwise you would have to carry around truckloads of currency to purchase things and the LD’s will require an adjusted AND higher exchange rate in order to replace the other notes. IMHO this is the closest thing to an announcement we will get of an RI or an RV This is a VERY Big Announcement from Iraq.