Intel Guru Frank26
[Iraq boots-on-the-ground report] FIREFLY: As a sovereign country, we are celebrating our independence and our determination to remain free from external rule. When Frank congratulated us, he mentioned that we are now free from any restrictions. Our country is secure and stable, which are the two crucial elements Dr. Shabibi, the author of our monetary reform plan, wanted before releasing the new exchange rate and currency.
Intel Guru MarkZ
[via PDK] According to an article in the WSJ, Iraq recently requested $1 billion in cash from Washington but was denied. The country is facing difficulties in obtaining foreign currency due to not yet being fully recognized internationally and still facing some sanctions and controls. To solve these issues, Iraq could go fully international with a rate change. This revaluation is crucial for Iraq as they have a lot at stake.
Newshound Guru Sandy Ingram
Article: Iraq has recently acquired its second Boeing 787 Dreamliner plane, out of the total of 10 ordered. According to global research and reports, air travel in the Middle East is expected to increase by over 40% in the upcoming years.
Newshound Guru Pimpy
A community member commented that they believe it will take 2 to 3 more years for the project to reach its full potential, if the current progress continues. Before anyone gets frustrated, it’s important to note that this is just an estimate. Personally, I think it would be best to see incremental progress. It’s possible that in 2 to 3 years, we will see some progress, but it’s hard to say for sure.
Newshound Guru Jeff
Article: How can Iraq regain control over its OPEC dollars that are currently under American possession and control in Washington DC? The United States continues to exert pressure on Iraq due to its failure to fully comply with the UN resolutions, which include the Chapter 7 sanctions.
Intel Guru Frank26
On the 28th, there are signs of financial international transactions, and Aki, a friend of Guru Walkingsticks Iraq bank in the US, opens private banks on October 1st. Independence Day is on Tuesday, October 3rd. However, we have not yet seen the release of the HCL. Why is that? Allow me to ask you a question. Has the new exchange rate been released? No, it hasn’t. As I mentioned before, the new exchange rate will appear in the next nanosecond after the HCL is seen.
Guest Guru Pompey Peter
Becoming a member of the WTO is crucial as it allows for the free movement of goods in and out of a country, while also permitting the implementation of taxes and tariffs at the border. This eliminates the need for the cumbersome ‘oil for aid’ process and enables free trade. To achieve international currency status and become an article VIII member of the WTO, knowledge of Forex is necessary.
Intel Guru MarkZ
[via PDK] Question: Do you have any updates on Iraq’s status with the WTO? MarkZ stated that he will inform us as soon as he finds out. It seems that there may be significant information being kept from us. If news of Iraq’s acceptance were to be released prematurely, there could be a rush to buy Iraqi dinar, indicating a shift in the exchange rate. Therefore, it’s possible that the announcement of Iraq’s value has already been made, and we’re just waiting for it to be disclosed. This is only speculation, though.
Newshound/Intel Guru Walkingstick
It seems that the opening date for Iraqi private banks on October 1st was set for the purpose of making sure they could be connected internationally before HCL payments were made. And it looks like they have achieved that goal.
Newshound Guru Militia Man
It has been reported that Iraq has declared itself a free and independent state to the United Nations. This is significant as it allows them to have their own sovereign currency and gives them access to the global financial system. It seems that there are no major obstacles in their way, although it is unclear whether this will happen within the next few days or take longer. Nevertheless, it is encouraging to see Iraq taking steps forward and many are optimistic about the future.
Intel Guru Frank26
I recently had a conversation with Dyaa and his family regarding the HCL. However, they stated that they have not received any updates about it, nor have they heard of anyone else receiving any updates. FRANK mentioned that there have been rumors circulating about the HCL, but they have not seen any evidence of it. It is possible that traunches may be implemented, but there is no confirmation yet.
Intel Guru MarkZ
According to sources from PDK, there are differing views on whether the House of Representatives needs a new Speaker to lift the remaining sanctions on Iraq. However, the bill is already in the Senate and could be enacted soon.
Intel Guru Bruce
[via WiserNow] I generally don’t discuss rates in detail, but I can share that our rates for dinar and Dong are quite noteworthy, reaching well into double digits.
