Dinarland Highlights – 7.5.23
Mountain Goat
Article:
“Iraq: Accession to the World Trade Organization (WTO)“
Quote:
“Iraq’s accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services.”
Then yet more of the same good news and I quote –“access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system.”
Yes, Iraq is now a full member.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We are being told about the budget but not in its entirety. Sudani wants to break it down and tell us about 10 different things that are in that budget. Apparently he wants some amendments or articles to be done. We’re not sure if he’s changing anything or if he’s adding on to it. But he says it’s for us, the Iraqi citizens. We believe him. We trust him and we’re with him.
FRANK: Have they shown you the operations of the budget yet today?
FIREFLY: They just started to analyze it and go over it. We believe throughout the week we will be getting more and more information about the budget as it sits. As far as the exchange rate – nothing yet on it.
There is no CBI talking. There is no article talking about the exchange rate. We don’t see Alaq explaining about the de-dollarization, about the new currency, about the ATMs. In other words everything that was hot just this past week is not hot. It’s back to the GOI. It’s back to the budget…it’s back to the reforms. All of that needs a new exchange rate.
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Clare (KTFA)
Article:
“Al-Nusairi: Iraq’s accession to the World Trade Organization contributes to the development of the financial and banking system“
Quote:
“Al-Nusairi said that one of the most important returns and benefits achieved by the financial and banking system in Iraq from Iraq’s accession as a full member of the World Trade Organization…”
Question: …did they just say they are a full member of the WTO?
Clare: IMO YES…THAT’S WHAT HE MEANS! “from Iraq’s accession as a full member”
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MarkZ
[via PDK]
In Iraq the budget is passed, published and expected to be implemented anytime. Not quite certain what that means …My finance contact over there said don’t be worried about it…it doesn’t have anything to do with their ability to change the rate at this point. They have put everything into place…Expectations remain huge for today…
Question: Is the IQD $3.58 on forex?
MarkZ: No it is not. It is listed…but not at an international rate yet. Just a place holder rate. If it was on forex…everyone would know it.
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MilitiaMan (KTFA)
They’ve had problems with the parallel market which is an i-----l market. It’s the black market and they want that to cease to exist. They want to be able to be on the dollar only for foreign exchange. Internal, external, merchants, traders they want it to be in the dinar…their goal is to get price stability. I believe they are going do that. My view is changing the exchange rate to an Article VIII compliant currency accepted by the international world is going to make all the difference to the parallel market…
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Paulette (KTFA)
The full Oil and Gas Law is still in negotiations but the framework has been established in the budget and for the next three years….. I no longer care when they pass the full Oil and Gas Law unless I see something concerning…
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Pimpy
It’s looking very good for Iraq right now. It’s sounds good, it looks good, but let’s see if they can actually implement the things they need to and they actually do what they promise they are going to do…A stronger economy helps build a stronger dinar…
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Kaperoni
With the new securities law eventually passed Iraq can end their currency auctions. They can begin to float the dinar and access to the principles of supply and demand. And of course transition to the IMF article VIII which has been an issue for a long time…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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