Thursday Afternoon Opinions @ 5:11 PM MST - 1/16/2025

[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 ...  RON  

 

 

Frank26  The HCL, like the budget, those two things will expose the new exchange rate...The HCL and the budget will be the first indicator of the new exchange rate IMO.

 

Pimpy  The Grand Faw Port is really important to Iraq.  This will allow them to be able to do a lot of trade globally.  The ships will just pull right into this port and you'll have a lot of goods coming in and out right at this section of Iraq.  This is awesome.  The Development Road is really big that allows a mass transportation.  They have a railroad that's going to be made right next to it.  The same thing, great for global business.  You'll have a train that's able to deliver the goods wherever need be there in Iraq.  Things are looking up for Iraq.  This is great for business. These things will help expand Iraq internationally and help strengthen the Iraqi dinar.  Eventually it'll get stronger over time and you'll see the value of the Iraqi dinar increase against the U.S. dollar.

 

Militia Man  Article quote: "The Central Bank Tower project in Baghdad and the Grand Faw Port is Basra among the list of the most prominent mega projects in the world for the year 2025."  I don't know about you guys but that's pretty big. Anybody out there has a fresh new picture of the Central Bank of Iraq from a distance so you can see that the cranes are down and all that? That'll be pretty exciting for me...

 

MarkZ  Question: Do you feel like everything is done in Iraq and we are simply on the ferris wheel? Mark: I believe we have crossed the finish line and are just waiting for the announcement in the winners circle!

 

Clare  Article: "Iraqi Parliament Responds to US State Department: Your Interference in Budget is Unacceptable" Quote: "On Wednesday, the US State Department urged the Iraqi parliament to expedite the passage of Iraq's federal budget. 'We have worked with the federal government of Iraq and the Kurdistan Regional Government to reach a permanent budget agreement...' State Department spokesman Matthew Miller said in a press briefing at the department...The Foreign Relations Committee in the Iraqi Parliament responded, on Thursday, to the US State Department’s statements... 'The statements of the US State Department are unacceptable' "

 

Fnu Lnu  The budget has been passed. It was read long ago. All they are doing is reading the amendment; therefore. there is no need to read the budget again. There is no significance to them NOT reading the entire budget because it isn't on the table. ONLY the amendment to the budget is on the table which is why they read it twice. This is not a noteworthy event. It is business as usual, as it should be!

 

Frank26  For many years Wells Fargo kept telling you it's a scam. Chase - It's a scam. Why do you think they don't tell you it's a scam anymore?  They saw it as a currency on the OFACs list.  They saw it as a currency that was of no value.  They saw it as a currency from a country that was at war so they told you it was a scam.

 

MarkZ  Article: “Iraqi delegation signs memorandum of understanding in London”  this again makes Iraq going “International”.

 

 

[Sage449]

What Mark n Frank are talking about,  multiple MOUs signed in London - strong business signs plus diverse segments of business lines and not just oil:

Iraq, UK Sign Multiple Business MoUs

16th January 2025 in Agriculture, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Commodities & Mining News, Iraq Education and Training News, Iraq Industry & Trade News, Iraq Oil & Gas News 

 

By John Lee. 01/16/2025

A ceremony in London marked the signing of several Memorandums of Understanding (MoUs) between Iraqi public and private sector entities and British companies and institutions.

The event was attended by senior Iraqi officials, including Deputy Prime Ministers, the Minister of Foreign Affairs, and the Minister of Oil.

Key agreements included:

A Memorandum of Understanding between the Ministry of Construction, Housing, and Public Works / General Water Directorate and IHS Consulting for conducting pilot studies towards a Comprehensive Water Agreement.
An MoU between the Trade Bank of Iraq (TBI) and Standard Chartered Bank.
An MoU between Al-Rida Group and the British firm James Cubitt & Partners for the Basra Water Project.
A contract with the British company KEPPT for the supply of ammonia, forming part of the Black Urea Project for the Iraqi private sector.
An MoU with Jaguar Land Rover to establish a branch in Basra Province.
An MoU concerning a Basra water desalination project.
Noor Al-Hilal Iraqi Company signed an MoU for the establishment of chlorine and soda factories.
Najah Al Mustathmer Iraqi Company signed another MoU for the supply of chlorine and soda.
An MoU signed between Al-Ma'moun University College and SOAS University of London, focusing on educational cooperation and the exchange of academic missions. This agreement marks the first time a private Iraqi university has entered into an economic and academic partnership with a prestigious British university.

[DinarDavo]

30 minutes ago, Sage449 said:

An MoU with Jaguar Land Rover to establish a branch in Basra Province.

 

Anxious to see the Iraqi version of Jaguar's new marketing ads......especially how they dress the camels!   

[screwball]

HCL......🤣🤣🤣🤡

[Artitech]

If the IQD was or is scam and Chase and Wells Fargo knew it, they broke the law peddling fraud to their customers! I don’t Remember Wells Fargo selling the IQD, but I know far a fact Chase was selling the IQD to customers! My banker at WF told me personally, when I first got in this deal When I mentioned that I was fixing to come into a lot of money. He got a smile on his face and said you didn’t buy some of that IQD did you? I had at that time been dealing with him for about 10 or 12 years, he had just got promoted to the Regional VP of WF. A very prominent and powerful position with WF. He had handled all of my business checking and personal business up until he got the job! But I still went to him on everything. Even though someone else was supposed to be my banker! When he asked me that I had a sinking feeling come all over me. I told him that I had bought some but not enough that it was going to hurt or jeopardize me! Which was the truth, I was just embarrassed by the fact that I felt like my business cred was hurt by falling for a scam without any investigation into this deal whatsoever! I just remember him saying just be careful and don’t buy no more. He told me that if he heard anything positive or something was coming down the pike, I would be the first phone call he would make! Well he retired about 5 years ago now. But I still have good contacts there. As of the 1st of December I asked one my contacts if there was any rumors about any currency changes floating around. They told me NO! So Nothing is still happening or being mentioned about the IQD at WF! But if the IQD was or is a scam there are a lot of banks guilty of fraud, because they were peddling it! I think will all find out here in less than 10 weeks how this is going to shake out! Im praying this all works out for all of us! JMHO case closed! 

[cjdavid]

11 hours ago, Sage449 said:

What Mark n Frank are talking about,  multiple MOUs signed in London - strong business signs plus diverse segments of business lines and not just oil:

Iraq, UK Sign Multiple Business MoUs

16th January 2025 in Agriculture, Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Commodities & Mining News, Iraq Education and Training News, Iraq Industry & Trade News, Iraq Oil & Gas News 

 

By John Lee. 01/16/2025

A ceremony in London marked the signing of several Memorandums of Understanding (MoUs) between Iraqi public and private sector entities and British companies and institutions.

The event was attended by senior Iraqi officials, including Deputy Prime Ministers, the Minister of Foreign Affairs, and the Minister of Oil.

Key agreements included:

A Memorandum of Understanding between the Ministry of Construction, Housing, and Public Works / General Water Directorate and IHS Consulting for conducting pilot studies towards a Comprehensive Water Agreement.
An MoU between the Trade Bank of Iraq (TBI) and Standard Chartered Bank.
An MoU between Al-Rida Group and the British firm James Cubitt & Partners for the Basra Water Project.
A contract with the British company KEPPT for the supply of ammonia, forming part of the Black Urea Project for the Iraqi private sector.
An MoU with Jaguar Land Rover to establish a branch in Basra Province.
An MoU concerning a Basra water desalination project.
Noor Al-Hilal Iraqi Company signed an MoU for the establishment of chlorine and soda factories.
Najah Al Mustathmer Iraqi Company signed another MoU for the supply of chlorine and soda.
An MoU signed between Al-Ma'moun University College and SOAS University of London, focusing on educational cooperation and the exchange of academic missions. This agreement marks the first time a private Iraqi university has entered into an economic and academic partnership with a prestigious British university.

Now why can’t gurus have proof like this?

[hspotman]

5 hours ago, Artitech said:

  But if the IQD was or is a scam there are a lot of banks guilty of fraud, because they were peddling it! I think will all find out here in less than 10 weeks how this is going to shake out! Im praying this all works out for all of us! JMHO case closed! 

My only concern with this statement is that maybe they were selling it to people who traveled over there for whatever reasons, like they do with other currencies? And once they learned about people buying it for an investment...hopefully that isn't why they stopped? I heard recently, in a post here somewhere, that some banks were selling IQD again?  Is there any truth t that?

Edited January 17 by hspotman

[Luigi1]

Frank26  The HCL, like the budget, those two things will expose the new exchange rate...The HCL and the budget will be the first indicator of the new exchange rate IMO.

 

-The new ER will be found in Iraq's release from all sanctions & the US returns of all  Iraq's oil sales the UST is currently holding in escrow.

Hopefully, Trump will get all the above done.   Go RV.

 

 

 

Pimpy  TThese things will help expand Iraq internationally and help strengthen the Iraqi dinar.  Eventually it'll get stronger over time and you'll see the value of the Iraqi dinar increase against the U.S. dollar.

 

-Luigi's opine...The IQD is already Int'l traded. 

Iraq' does cross border trades using local currencies within the Arab region & within BRICS.

[Artitech]

3 hours ago, hspotman said:

My only concern with this statement is that maybe they were selling it to people who traveled over there for whatever reasons, like they do with other currencies? And once they learned about people buying it for an investment...hopefully that isn't why they stopped? I heard recently, in a post here somewhere, that some banks were selling IQD again?  Is there any truth t that?

I could be wrong but I don’t know this for a fact, but I think I remember when the banks were selling the IQD, just the average person could not just hopp on a plane and get to Iraq! Maybe they had enough contractors working over there that justified selling the IQD! Like I say I didn’t do any investigation of this deal I just jumped in! I think we have members who worked over that knows the protocol for getting over there and just what type of currency was being used besides the dollar. In Mexico they use both pesos and dollars, but they prefer dollars. I never give those Mexicans dollars, I always pay them in their money and take the loss when I come back across the border! Hopefully we will see an RV!