Intel Guru MarkZ
According to my bankers, we should expect any updates regarding our matter between now and December 1st. I trust their judgement and hope that they are correct. Furthermore, the information we are receiving from Iraq seems to align with this timeline, as we have been hearing from various sources such as the WTO, UN, banks and Reno about potential developments in the near future.
Newshound Guru Jeff
You might be wondering why Iraq has not revalued their currency yet. Although they have completed all necessary tasks, they won’t revalue until they address corruption in their system.
Newshound Guru Militia Man
The implementation of the Hydro-Carbon Law necessitates the establishment of an international exchange rate. The budget for 2023, 24, and 25 will require it, as will the payment of salaries and benefits to citizens. The World Trade Organization (WTO) and house contracts will also require an internationally accepted Article VIII compliant exchange rate. Furthermore, Development Road Projects and economic and financial reforms will depend on this rate to be implemented effectively.
Newshound Guru Pimpy
There are many factors contributing to the growth of Iraq’s economy and currency, but internal obstacles hinder progress.
Intel Guru Frank26
If I were the CBI, I would focus on the new exchange rate and currency to come out together. Sudani is in Erbil with Barzani, and they are dealing with the last three paragraphs of the HCL. Their intent is to release it very soon. If that is the case, then in my opinion, the new exchange rate and the new lower notes should follow. Remember what I’ve always said – the moment you see the HCL, seconds later, you will see the new exchange rate.
Intel Guru MarkZ
[via PDK] I have received several banking confirmations stating that we are now just waiting for a “GO” signal and any final instructions, which may have changed last minute. I talked to some banking sources, and the banks are overwhelmingly saying that we are at “any moment” now, and a number of them are even saying that it could happen this week. The sheer number of bank sources from different banks, including three regional banks and four major banks, who were told to get ready for any moment this week is quite significant. Whether it is this week or not, the chatter within the banking industry is certainly positive.