More News, Rumors and Opinions Friday Afternoon 7-5-2024
KTFA:
Frank26: "THIS IS THE HCL FOR THE CITIZENS BECAUSE THEY STOLE THE MONEY FOR IT... TODAY THEY SAY THE OPPOSITE IN ORDER TO SURVIVE IN IRAQ!!!"............F26
Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
She added: "We hope that Masoud Barzani's visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, as all political blocs are moving towards legislating the oil and gas law that regulates the country's natural resources."
The member of the Parliamentary Oil Committee explained that "the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state's financial resources." LINK
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Frank26: "THE MONETARY REFORM 'BONDS' THE VALUE OF THE MONETARY REFORM....F26
Securities Commission: The government has successfully completed the sale of financial bonds
7/3/2024 Baghdad
The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said something strange and interesting. Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency. FRANK: Boom! Boom! FIREFLY: They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform. Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time...
Mnt Goat I want to quote from the financial advisor to the Prime Minister, Mazhar Muhammad Saleh from one of the articles – “The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued.” So, this is telling us that the foreign reserves can back the dinar now in circulation by 100%... This is amazing. What wealth. But the dinar is still at 1/6 of a penny?
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Iraq's New Dollar Distribution for Travelers
Nader: 7-5-2024
The CBI has created a new and safer way for travelers to exchange currencies at airports to avoid issues like, scams and fraudulent exchanges.
Are You Ready for an IQD Revalue?
Edu Matrix: 7-5-2024
Are you even ready for an Iraqi Dinar or Any Currency Revalue? It takes more than exchanging your banknotes to prepare for increased income. Here's what you need to know if you have never been wealthy before.