Dinarland Highlights for June 13, 2023

Dinarland Highlights – 6.13.23

MarkZ

[via PDK]

“Monday Briefing: Iraq passes a massive controversial budget bill”

It is massive. They have the dollars for it and it requires oil stays at about $70 a barrel. They have the mechanism in it to change the value if their currency.

Pretty Quiet on the RV front. We are still hearing great things out of Iraq.

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RVAlready (TNT)

Iraq got a lot done. They have a modern budget. They have a POS system. Their markets are internationally linked. They are less dependent on paper money. They are ready for new projects. It took quite a while, but all that is done…Don’t forget, the CBI can release the rate today.

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Frank26 (KTFA)

Apparently they are done with the budget.  It’s a tripartite budget…It’s not just for one year, it’s for 3 years.  That’s amazing.  I don’t think Iraq has ever seen a budget, I mean truly truly seen a budget open, disclosed and shown to the world, to the citizens in probably 50 years…has it been shown to the world? No.  But it’s going to be.

What’s the first line item in the budget IMO?  The exchange rate.  They changed the rate…it was 1320…what is it now?  1300.  Remember what I suggested? …1200 to 1.  Firefly’s bank friend thinks it’s going to get to 1000…I missed it by 100…that’s huge.  That’s exactly what we told you was going to happen.  It’s positioning itself to expose the full monty…they’re soon to show you everything. 

You have never seen your reforms this far advanced.  You’ve never seen JP Morgan, that was spitting in our faces, now telling us that they’re going to support the Iraqi dinar on an international market level…

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MilitiaMan (KTFA)

The 2023, 2024, 2025 budget having been very contentious took about 4 days to finish the reading and getting it done…but they were successful…it was about 5 in the wee hours of the morning they finished it and hammered it out.  What they’re going to do now from that point on is they’re looking to proceed with the entitlements that follow the budget which is the oil and gas law.

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Paulette (KTFA)

Finally!  I have waited nearly 14 years to see what just happened…Stage is set.  Bring on the Oil and Gas Law NOW!!  The underlying basis is established by the Tripartite Budget…The arguments and fight should be over…

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Samson (KTFA)

Article:
“Al-Hakim: Urges the House of Representatives to proceed with the entitlements that follow, such as the oil and gas law and other laws that have direct contact with the lives of citizens.“

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Kaperoni

I want to remind everyone despite the fact that Iraq past a 3-year budget yesterday, Iraq still has a lot of work to do.  Parliament needs to pass several laws to encourage and support investment.

There are several articles that have been released from the prime minister’s office over the last few weeks stating passing the tripartite budget will put Iraq  on the verge of a major reconstruction movement in all sectors.

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Mountain Goat

…we are in a “vital” period since the three-year budget has been passed on Sunday June 11th.  On Tuesday it was announced that the approved budget would [go?] to the president to be ratified. So now we sit and wait. Literally, anything could now happen and is going to happen very quick from this point. In fact, this week could be pivotal.

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Pimpy

Oh yeah!  It’s done.  Finally.  A 3 year budget has finally passed the House of Representatives.Is this a good thing?  Is this a bad thing?  It really depends on the government that’s in place.  Now we’re going to see Maliki and his people’s true colors come out.  The budget has been passed.  They don’t have to kiss anybody’s b--t.  The money has been allocated.  This is definitely going to be interesting and this is what I’ve been waiting for.  Let’s see this government’s true colors.

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Clare (KTFA)

Article:
“International Monetary comments on Iraq’s budget and re-warns of inflation in the currency“

Quote:
“international monetary concern is due to fears that large government spending will lead to”inflation” in the Iraqi currency, which in turn leads to a spiral of economic deterioration affecting the future of the country”

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Nader From The Mid East

With it’s approval, the budget now awaits the signature of the President of Iraq after which it will be sent to the Gazette to be enacted into law…

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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