More News, Rumors and Opinions Thursday Evening 3-11-2021
KTFA:
GFulcher66: ?? to the KTFA fam. In F26's last 2 videos he taught about the 3 phases. In ph1 at 1-1, will we be able to exchange then, or do we need to wait for ph2 higher rate?
As long as we have waited at this point if able I would exchange 90% at 1-1 and hold 10% for the ph2 rate. Thank you for any clarification
Clare: YOU CAN EXCHANGE IN PHASE #1 IF YOU CHOOSE TO.... THE RATE WILL BE INTERNATIONAL AT 1-1. IT WOULD BE YOUR CHOICE TO WAIT FOR A HIGHER RATE IF YOU WANT TO OR NOT. imo
TNT:
Tishwash: Political agreement to pass the oil and gas law
The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement to pass the oil and gas law.
Al-Fatlawi said in a statement that "the political blocs are heading towards passing the oil and gas law after completing the laws of the Federal Supreme Court and the federal budget for 2021," pointing out that "the law may be presented inside the parliament during the next week."
He added that "the law is of great importance in solving the outstanding problems between Baghdad and Erbil and the oil-producing provinces," noting that "passing it will achieve justice in the distribution of wealth and the revival of poor areas."
He continued, "The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term." link
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Tishwash: An economist expects a representative decision related to the exchange rate that paves the way for market stability
The economic expert, Rasim Al-Aqidi, predicted, today, Thursday, the date of price stability in the Iraqi market, while noting that the news and statements issued by political forces prompted many traders and importers to consider import operations.
"The markets are affected by rumors, news and statements related to the exchange rate of the US dollar against the Iraqi dinar, especially since some of them are issued by influential political blocs demanding the return of the exchange rate to its previous position," said Rasim Al-Aqidi.
Al-Aqidi added, "The change of the dollar’s exchange rate by the state and subjecting it to speculation through supply and demand came in order to alleviate the problem of foreign currency exiting outside the borders due to the low exchange rate by purchasing goods that the country does not need, which leads to a reduction in imports, and this allows space. The largest for domestic products in marketing and consumption. "
He continued, "The news and statements issued by political forces prompted them to refrain from withdrawing the dollar and replacing it with the local currency. It also prompted many merchants and importers to wait and deliberate in import operations, awaiting the settlement of the budget deferred for months, which created a recession in the Iraqi market."
The economic expert stressed, "The approval of the budget by a representative decision will end the debate, and the markets will return to normal, and everyone will absorb the shock and the emerging conditions that will impose its decision on the markets." link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Question: [The Bank of International Settlements - the central bank of all central banks and it is a requirement by the BIS that they be notified within a certain amount of time (and that fluctuates) as to when a country is going to change their currency rate...Has the BIS been notified of the imminent rate change of Iraq?] In my opinion yes.
Jeff "The House of Representatives completes voting on the Federal Court Bill" They've had attempts to pass this Federal court Law for a very long time over many many years...It's part of the basket of suspended laws...it's also linked and timed with the rate change. It can only happen in close proximity to the rate change. Last week they finished 6 out of 10 parts...yesterday they finished the last 4 sections. At this time the Federal Court Bill has been completely passed and approved...that's huge progress...Iraq is now graduating back to the international world...
Footforward [I was under the impression that there would be two rates one domestic in Iraq and a different rate international?] there will not be two different rates. That's been misinformation for a long time. You can't have two different rates. It doesn't work like that. Where people get confused is...that they will exchange dinar for US dollars on a one-to-one basis in country. That's not a rate that's just a note exchange. And in country they can do whatever sort of exchange they want. That should not be mistaken for a rate.
Be Prepared -Silver $600 –Reality Check! Silver Short Squeeze and the $1,000 Target
Economic Predictions 2020: Mar 9, 2021
Does Basel 3 Explain the Gold Price Fall?
Mike Harris: Mar 11, 2021
This video considers the implications of the Basel 3 Accord and Net Stable Funding Ratio which requires a provable 1:1 ratio of physical gold.
The date for its introduction is the 28th June, does this go some way towards explaining the dramatic gold price fall we have seen recently?