Dinarland Highlights – 6.24.24
Mountain Goat
Article:
“Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil”
…There it is again in articles. Do we need the Oil and Gas law referendum passed prior to the Reinstatement? We were told we do. Let’s see what happens.
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MarkZ
[via PDK]
…one that I think is exciting
Article:
“First Direct Flights between Erbil and London”
This is real international cooperation. Erbil is wealthy in oil.. We have been told to keep eyes on the Erbil region.
Question: Mark do you think we will go before the 4th of July?
MarkZ: I think it is well within the realm of possibility.
Question: So no budget published yet?
MarkZ: It was still not in the Gazette as of last Saturday.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television says the electing of new speaker will speed the approval of the oil and gas law.
FRANK: IMO, yes it certainly will. I agree with you 100%…that’s extremely important. It’s very good news because the HCL brings us a new exchange rate.
Article:
“Finance begins distributing estimates of the state’s current expenditures, revenues, and public investment projects”
These steps will reveal the new exchange rate…
[Iraq boots-on-the-ground report]
FIREFLY: Economic experts on television saying the budget will not have effect on the exchange rate…it is going to stay the same.
FRANK: It’s not gonna affect the exchange rate in the budget because the new exchange rate has been in a second set of books for a very long time…
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Kaperoni
Community comment:
“If it was a mistake, the mistake/typo was it should have read 6.5 trillion Iraqi dinars ($4.9 billion); making the rate 1320:1 IQD:USD. Various posts are citing the Iraqi budget as the source for the “6.5 billion Iraqi dinars” info.”
Of course it’s a mistake. The CBI rate is official.
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MilitiaMan
Everybody should be pumped and ready to go…
Article quote:
“Sovereign guarantees to the private sector will contribute to the industrial renaissance”
This article right here will blow your socks off…
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Fnu Lnu
[Response to the IBBC debate video 6-23-2024 below]
The exchange between Dr. Tabaqchali and Professor Gunter was very enlightening…Iraq is suffering from the same ailment as the United States…over-regulation and hostility towards the private sector…Bureaucratic strangulation…[In] Iraq, it is from the fact they were Internationally punished for something they didn’t do and over punished by extending the punishment far too long…By over punishing, you breed a class/population of super criminals who become more savvy and more bold, accomplished by the crooked government being the bulk of employment opportunity.
…They must downsize the government by 1/2 and reduce regulations. The more important step is to revalue the currency using a hybrid model where they substantially raise the value of the Dinar and by backing half of that increase with gold and oil…By removing the bureaucratic barriers, business could start quicker and for less capital…As it has been demonstrated in the United States under Reagan and Trump, tax reduction and deregulation cause fast and substantial economic growth…It is also my opinion that Iraq is working up to such a dynamic albeit they are acting too slowly and could miss the window of opportunity.
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Pimpy
Trust me, don’t get me wrong, I know it’s going to happen. I think the bigger question is, when?
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