Frank26I strongly believe the rate is contained in “a” budget not “the” budget, but “a” budget because you got three of them that we’re dealing with.
Walkingstick You can stop asking question about the budget. It’s all there.Concerning the tripartite budget, everything…all the projects…cities, new exchange rate, lower notes, ATM machines, contracts, everything, it is all there…It is a fact…The GOI has the budget and they have they new exchange rate from the CBI.
Pimpy Article: “Expert likely to keep exchange rates within their current rates” It’s not going to happen that quickly. There’s so many more hurdles for Iraq to jump through.
Militia Man The budget is only at $70 [per barrel],they’ve been trying to see if they can modify it and kick it up to $80 so they can spend more money…Oil prices are at $80+ and they think it’s going to keep moving forward for the next year or year and a half.Article quote “…the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025.”
Frank26[Iraq boots-on-the-ground report] FIREFLY: Saleh on television saying the third strategy phase that we’re in right now with the CBI…is a new methodology that will enhance Iraqi financial and banking reform which will make the bank stronger locally and internationally. FRANK:It’s the new exchange rate and the lower notes…I believe the words Sudani is using with the CBI are words that tell the citizens there is a new exchange rate in the budget without saying those words directly…
MarkZ [via PDK]I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year… so I was told the roll out around the 6th and 7th.That is the rumor. But remember we don’t know the timing…but,I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for…
Clare Article: “Government advisor: Global indicators confirm that oil prices will continue to rise until the end of 2025″ Quote:“the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025”
Mnt Goat …I was told [by CBI contact] that NO insider, backdoor, international trading or otherwise was being conducted on the Iraqi dinar. If you hear rumors of otherwise it is all lies.Investors can come to the ISX and purchased Iraqi dinar at the “official CBI rate”. There is not yet the availability to trade on FOREX or any of the other foreign exchanges… Investors really can’t do much with the dinar at this time as in the west there are still US Treasury sanctions effective on the currency...
Samson“Government advisor:Global indicators confirm that oil prices will continue to rise until the end of 2025“
Fnu Lnu Article Quote:“Member of the Parliamentary Legal Committee, Raed Al-Maliki, (not to be confused with Nuri Al-Maliki) reviewed…the laws that will be read after the end of the legislative recess of the House of Representatives. Al-Maliki pointed out, ‘The Oil and Gas Law and the Federal Supreme Court Law are basic laws and at the same time they are controversial laws, soI do not think they will be advanced during the second legislative term unless the government completes them.”The HCL is not on the front burner…The excitement/speculation about the HCL being at the front of the line just isn’t true.
Frank26My teams and I are looking for more…for the budget, anything about it. I’m looking for the HCL…speaker of the house to be selected...pictures and videos to be released.I’m looking for more than the soldiers/CBI representatives at the ATM machines with more explanation about them and what’s in them. I’m looking for the lower notes…new exchange rate. That’s what we’re looking for…and I hope you are too.
MarkZ [via PDK] I did hear from 3 or 4 military sources and Reno and the Treasury…rumors that are all over the place, some saying it’s happening right now, to no – its tomorrow…to Its already started, to all kinds of timing rumors in an concerted effort to cloud timing. …I think it’s a good things to see them in panic mode trying to cloud timing.
