Wedesday Night Opinions 11:30 PM CST - 12/07/2022

[ronscarpa]

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... Especially if it comes from Mark...  RON 

 

 

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani told us the U.S. Treasury says that our currency is off the high risk bank list and then he went on about how good the Iraq's banking sector has done with International instructions and guidelines and laws and rules.  We've never seen this CBI and the US treasury talk like this... FRANK: The United States Treasury did everything they could to help the CBI have a new exchange rate...The U.S Treasury is making sure the CBI is linked up internationally with every bank in the world and not for a program rate...

 

Clare  Article: "Al-Maliki makes the approval of the oil and gas law conditional on this matter"  THAT IS NOT NURI AL-MALIKI ..... IT IS A DIFFERENT GUY SAME LAST NAME

 

Mark Not a nothing burger today…but not nearly the news I was hoping for overnight last night. Article: “Budget Law absent from Iraqi Parliament for 30 days'" This is playing out as we speak today. I am being told from some contacts on the ground that they are hoping to extend the parliamentary session through the 9th or 11th of December to get the budget squared away first.  …but it is supposed to end tomorrow as parliament goes away for a 30 day recess. This is normal for the holidays.

 

Kaperoni ...This [auction] action by the CBI will not only help the citizens but it will help them with the IMF to meet compliance. Further liberalization also helps encourage investment in Iraq .  The real reason why they're doing it though is to try to get the exchange rate back in line with the 2% spread limits the IMF has imposed. The current exchange rate in the market is around 1490 which is on the cusp of exceeding that limit making them out of compliance.

 

Frank26 [Iraq boots-on-the-ground report] FIREFLY: The Prime Minister came out and says we're going to have foreign currency in our market. FRANK: Yes, because you're going international.

 

 

 

[hspotman]

10 hours ago, ronscarpa said:

Frank26  [Iraq boots-on-the-ground report] FIREFLY: Sudani told us the U.S. Treasury says that our currency is off the high risk bank list and then he went on about how good the Iraq's banking sector has done with International instructions and guidelines and laws and rules.  We've never seen this CBI and the US treasury talk like this... FRANK: The United States Treasury did everything they could to help the CBI have a new exchange rate...The U.S Treasury is making sure the CBI is linked up internationally with every bank in the world and not for a program rate...

 

 

 

Chapter 11 in Frank's book, 'The Road to Dinarnia'.

Edited December 8, 2022 by hspotman