Intel Guru MarkZ
[via PDK] We are nearing the end of our journey, but we must remain cautious as there are efforts to keep information under wraps. Leaks are being closely monitored and it is clear that those in charge do not want news of money movement to be widely known. Despite this, there are reports from the Iraqi side that politicians have discussed a 1 to 1 rate, but I believe there may be more to it. There are also rumors from Iraq that the new rate may be released this week, but we should not get too carried away as news can be unpredictable. According to some gurus, the change may happen within 24-48 hours, and Markz has heard from reliable sources within the banking world that this is a possibility.
Newshound Guru Clare
Question: Which do you think will be approved first, the Oil & Gas Law or the Rate Change? Personally, I believe the rate could be implemented at any time, even before the Oil & Gas Law, as the major agreements related to the HCL have already been fulfilled and are awaiting a rate change (as confirmed publicly). However, it’s important to keep in mind that not all information is disclosed to the general public, and there may be developments that we are not yet aware of.
Intel Guru Frank26
[Iraq boots-on-the-ground report] EYES: A person who works at my bank suggested that they could send me some emails regarding a legitimate contract in Vietnam that is undergoing some changes. They informed me that once these changes take place within 24 hours, the Vietnamese dong will also be adjusted to ensure fair economic benefits for both Iraq and Vietnam. They explained that Vietnam has a significant amount of Iraqi dinars in their reserves, while Iraq has a considerable amount of dongs in their reserves, and neither country wants to take advantage of the other. It is expected that when this financial change occurs, it will impact both the VND and IQD, as it is a mutual financial agreement.
Intel Guru RayRen98
[via Babysmom] Meetings were held over the weekend, agreements were reached, and new documents required signatures. It is now complete.
Intel Guru MarkZ
[via PDK] It seems that my contacts in Iraq are cautiously optimistic about what is to come this week. There are increasing reports that the government is currently utilizing a rate of 1132 with contractors. Based on this information, I am fairly confident that the Central Bank of Iraq (CBI) is taking action. The CBI previously stated that they would stabilize the rate at this level before making a significant change. At this point, all we can do is wait and see what happens. There is a lot of talk and speculation at the moment, with many believing that things have come to a conclusion.
