More News, Rumors and Opinions Tuesday Night 2-1-2022
TNT:
The Framework Announces The Move Towards Collecting Parliamentary Signatures To Change The Dollar Exchange Rate
The deputy of the coordination framework, Ibtisam Al-Hilali, revealed, on Tuesday, the framework’s move to collect parliamentary signatures to restore the dollar exchange rate to its previous rate, surprising at the government’s insistence on maintaining the exchange rate, especially with the recovery of oil markets during the past weeks.
Al-Hilali said in a statement to "The Information", "The coordination framework is moving towards collecting parliamentary signatures in order to restore the exchange rate of the dollar against the Iraqi dinar or reduce its current price."
She added that "the framework's movement in this regard is still continuing until the will of the Iraqi people, who were affected by the high exchange rate of the dollar, is achieved," noting that "the government raised the exchange rate in order to supplement the 2012 budget, and now it has obtained additional funds due to the high oil price."
And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement, that his coalition and a number of members of Parliament within the same direction will not allow the budget to be passed for the current year except after a reduction in the dollar exchange rate against the dinar. link
AJTexas: The key to this article is that parliament will not approve the 2022 budget except after reducing the dollar exchange rate against the dinar. IMO: To reduce the dollar rate against the dinar is to reinstate the Iraqi dinar World-Wide.
RVAlready: Remember, this is just grandstanding. A few things to think on:
Parliament does not set rates. CBI does.
It does not matter to us what the dinar rate is in Iraq. The US rate will be set in accordance with treaty and 50 year oil future projections.
The CBI asserted its right as the sole authority in setting rates just a few weeks ago.
Parliament members, via their own news releases for the past several years, have proven that they posess the biggest bag of bull on the planet. They make US politicians look logical and reasonable. And that is saying a lot.
NewMoney28: AGREE 1000%. This is grand standing at it's best by Maliki's crew to make it look as though they are the reason the exchange rate got changed. They are fully aware it's happening and are taking advantage of the information. The plus for us is that they are showing us the CBI's intent. Let's get this done already!
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Courtesy of Dinar Guru
MilitiaMan Article: "I talked about the stage of “reaping the fruits” .. Chairman of the Investment Authority: We have prepared 70 projects for the state" The next stage is not going to be at a program rate. The economy will not stand on oil sales alone. Again the automation of the ports and borders will bring in massive revenues!! Just as the religious tourism, the Liquid natural gas sales, other natural resources, etc., etc.. imo Apply the REER (Real Effective Exchange Rate) and let her sails to the wind!! imo.
Sandy Ingram These are speculation numbers to help you understand Iraq's vast wealth potential...The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita...
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