To talk or language that is boring or that offers little information… hmm seems fitting.
12-23-2024 yada …the contractors received their exchanges, Iraq has removed all the corruption, ISIS, and now they have digital banking in the banks taking the control of the money out of the hands of the CBI. The amendment for the rate changes was done last weekend and the Iraqi people know the rate is changing AND the banks in Iraq are operating with the basket of currencies for international business as we speak. Seems yada has been listening inside the circle of craptel. No proof that contractors were paid, just can’t work that way. There are still currency auctions so corruption still exists. The rate change has not happened last weekend or any other weekend as of yet. We still wait for real change.
12-23-2024 MarkZ I do have updates from different contractors and contractor groups. My personal friend over there says he will not give a rate as it would compromise the contracts. But I have heard from a couple others that the most common rate they are being told is $3.92 as they are redoing contracts. I do not know how accurate that is but thought it was worth sharing. I did hear it from a number of sources so it may be just circletel…but it does fit closely to what is expected. $3.92 would be awesome, but consider it a rumor for now. Let me repeat, there has NOT been an update to paychecks in Iraq. As I’ve mentioned before, these contracts last some 10 years or more. And the fact that you admit in your post that circle intel exists is the complete admission of false information.
12-22-2024 Frank26 FIREFLY: Mr Sammy says the key will be to keep the inflation down once they stop the auctions and then the notes will pop and the rate. But auctions closing will force things. FRANK: Closing the auctions makes them obligated to give you a new exchange rate with lower notes to match it. FIREFLY: Mr. Sammy also says that by December 31st we could see that. So that means it could be before that. FRANK: Regardless whether it be in two weeks or two months it’s happening. It’s coming. We need to be ready… How do you admit the contradiction to your own posts in the same paragraph? Ol’ Sammy giving the facts to Frank that it’ll be done by the 31st but we go as far as two months now. Interesting. The auctions will prove very clearly if Iraq can follow through on ANYTHING, they need to stop.
12-23-2024 Clare Article: “The dollar market is on “one leg”.. A new mechanism and the exchange rate is threatened!” Quote: “The Central Bank of Iraq is preparing to stop dealing with the electronic platform for dollar transfers abroad, at a time when experts have warned against raising the exchange rate to a higher level in light of the news circulating about this…News has been raised about a move towards a new adjustment to the exchange rate, which has raised economists’ concerns about the potential impact of this move on the economic process in general.” As long as they continue to say they will follow through on the auctions ending, it’s great news. The “concerns” are pretty flimsy, the more important section is ending those auctions on schedule, which has about a week left. We shall see soon enough.
Again, wishing everyone a Merry Christmas and hoping you get to spend time with family and friends. We’ll continue to be on the lookout to see if Iraq can prove they can follow through with doing what they say they will do.
BWM