“De-peg from the Dollar” – Sat. AM TNT Thoughts/News 2-5-22

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TNT

CaliforniaSugar:
Float = Free Floating

We’ve heard a lot of things about how the RV will happen. Two opinions stand out to me:

#1 – We have heard projections that the Iraqi dinar will become the leading currency in the Middle East, and that the rate will exceed Kuwait’s exchange rate. Today’s exchange rate is $3.31 to 1 Kuwaiti dinar.

#2 – Last year, Iraqi officials announced that the Iraqi dinar will float. Those of us in Dinarland debate whether the Iraqi dinar will RV/RI at a rate of $1 and float to over $3. The argument is that Iraq cannot rely solely on oil production, and that it must build the private sector in order to reach a value over $3. Others believe that the oil production is enough to support the value of the dinar and that the dinar will RV/RI at $3 and float upwards from that rate.

So, tonight I was researching currencies and I found something interesting … “The Kuwaiti dinar (KWD) is the most valuable foreign currency, and it does not rely on a peg; it is freely floating. Substantial oil production helped augment Kuwait’s wealth and support the value of the Kuwaiti dinar”

CaliforniaSugar Cont….Based on these statements, is seems very possible that the Iraqi dinar could RV at a rate surpassing $3, and like Kuwait, that value will be supported by its substantial oil production and high cost of oil.

It also appears that when Iraqi officials state that the dinar will float, they actually mean that the dinar will de-peg from the US dollar.

We don’t know for sure how the RV will happen. However, today I feel more strongly than ever that the Iraqi dinar will revalue at a rate over $3, and de-peg from the US dollar

Be Blessed, and see you on the other side,

California Sugar

Tishwash:
Mazhar Saleh: The budget law will be a priority for the government and parliament

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed on .Saturday, February 5, 2022, the first measure that the new government will take due to its utmost importance 

Saleh said in a statement followed by the obelisk, that “80% of the labor force is currently in the market, and “.these large sums are what move the economic market

“.He added, “The work of Law 1/12 will continue until the approval of the budget for 2022

Al-Kazemi’s advisor expected, “The first measure and government law that the new government will take is to present the budget law due to its utmost importance,” noting that “the budget law will be one of the priorities of the government and parliament because of its importance and its impact on the lives of citizens, especially since ”.the law is prepared and ready, and some amendments may be added to it

link

April:
The Sadrist bloc decided to boycott the Monday session and freeze the negotiations

5th February, 2022

The Sadrist bloc decided, on Saturday, to boycott the parliament session on Monday dedicated to electing the President of the Republic, and also decided to freeze negotiations with all political blocs regarding the formation of the government.

The head of the bloc, MP Hassan al-Adari, said in a press conference that “by order of the leader of the Sadrist movement, Muqtada al-Sadr, it was decided to freeze negotiations with the political blocs regarding the formation of the government, with the exception of the first deputy speaker of the parliament.”

Al-Adhari indicated that “it was also decided to freeze negotiations with the political blocs on forming a government.” 

https://www.mawazin.net/Details.aspx?jimare=183694

Tishwash:
Al-Sadr’s movement explicitly announces it: We will boycott the election session for the president of Iraq

After his deputies called yesterday, Friday, not to vote in the next parliamentary session for Hoshyar Zebari, the candidate of the Kurdistan Democratic Party allied with him, if he did not meet the required conditions, the leader of the Sadrist movement, Muqtada al-Sadr surprised Iraqis, by announcing that he would not attend the expected session on the seventh of February current.

Today, Saturday, the Sadrist bloc announced a boycott of next Monday’s session dedicated to electing the President of the Republic.

The head of the largest bloc in the House of Representatives, Representative Hassan al-Adari, said in a press conference, according to what was reported by the Iraqi News Agency (INA), that the current’s deputies will boycott Monday’s session.

Freezing government negotiations as well

He also added that by order of al-Sadr, it was decided to freeze negotiations with the political blocs regarding the formation of the government , with the exception of the first deputy speaker of the parliament.

While the current Iraqi president and PUK candidate, Barham Salih, commented, “The continuation of the status quo is no longer acceptable, and the peaceful democratic path must be supported and the formation of a new capable government must be initiate

‘A strong and cohesive alliance’

Al-Sadr’s position came today, although Zebari confirmed yesterday evening that the Kurdish alliance with the Sadrist movement and the alliance of sovereignty is “strong and coherent”, according to what was reported by the official news agency.

However, he expressed his concern about the “Shiite-Shiite dispute”, in reference to the Sadr dispute and the coordination framework that includes the Al-Fateh Alliance, Nuri al-Maliki, and other parties and factions close to Iran.

Chest and coordination differences

The Sadrist move also came, with the Kurdish-Kurdish dispute continuing over different candidates, as well as the Sadrist dispute with the coordination framework over government formation.  link

Source: Dinar Recaps

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