Dinarland Highlights – 9.12.24
MarkZ
[via PDK]
…my expected window…(11th through the 15th).
The news is staying consistent…There is nothing negative…I am still hearing a lot of chatter about between now and the 15th. A lot of well- connected people still think this is a high possibility.
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Mountain Goat
I am going to give you a summary…of the other issues that are…on the table. They are on the near horizon and my CBI contact has also told me these are issues that also must be resolved: Passing the Oil and Gas Law referendum, as required by their new 2005 Constitution.; Needed changes to The Investment Law No (13) of 2006 to meet the WTO requirements prior to full accession.; Institute the Pillars of Financial Reform in the Banking, Insurance and the Iraqi Stock Market. This goes hand in hand with the electronic banking effort…Iraq is going forward with the Project to Delete the Zeros and actually in the process of doing it not just talking about it again…we must stay grounded as this RV is coming to a closure and there is not much longer to wait.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We are seeing a commercial on TV. It’s 5 or 6 minutes long showing our new cards we are going to be receiving in the mail very shortly they tell us. They’re showing the citizens going to banks and ATMs getting money out. They are showing us how to do this…This informational stage we are in is like Mr. Sammy [Bank friend] said, it will last for the rest of the year.
FRANK: The commercials are now starting because Alaq has returned…
Community Comment:
“The Iraqi citizens here in Iraq want Alaq out.”
They love Alaq. It’s only…Iran, the politicians that have stole that want Alaq out.
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MilitiaMan
The IMF Article IV 2024 consultation, one of the most important things was for [Iraq] to accelerate accession to the WTO.
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Petra (KTFA)
They were expecting Iraq to be IMF Article VIII compliant or at least having agreed to the obligations that requires. One of those requirements is having all restrictions lifted, which comes to Article XIV. They’ve been using a lot of pieces of Article VIII to get to where they are now. But they’ve never accepted the article, which is very simple. It’s basically a document that Alaq and Sudani agree to. They sign it and send it to the IMF accepting all portions of Articles VIII.
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Clare (KTFA)
Article:
“Iraqi state banks account for 88% of banking sector investments”
Quote:
“The Prime Minister’s Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed…government banks account for 88% of the banking system’s investments, pointing out the necessity of reforming the banking system on the basis of market work, similar to international banks.”
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Pimpy
For almost like a good six, seven eight months there’s all this hype, it’s going to change tomorrow, it’s going to change tomorrow because there was so much talk about the exchange rate. I keep telling people…that’s not what’s going to happen. There’s still things that need to be done.
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Samson (KTFA)
Article:
“Close to Al-Ameri: We support Al-Sudani, and there is no demand for his resignation or early e-------s”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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