Nick Fleming RVGCR Intel Update July 31, 2024
MarkZ [via PDK] Question: What is the HCL , MarkZ: The hydro carbon law. This is where the Kurdish region of Iraq shares oil profits, government revenues ect …how they handle payments and who gets what. It’s been a huge stickler for 19 years in Iraq.
RV news has been quiet after a very busy weekend from Iraq. Nothing on HCL yet …but our last update yesterday is it looks like it will go within days.
Tishwash (TNT) Article: “Parliamentary Committee Expects Oil and Gas Law to Be Approved Soon: Delayed Because It Is a Political Pressure Card” Quote: “The Parliamentary Oil and Gas Committee expressed its “optimism” on Sunday about the imminent approval of the Oil and Gas Law…”
Frank26 (KTFA) The bad guys in Iraq, whoever they may be, they just don’t want the monetary reform. They don’t want it to happen. You know that.
That’s the reason why we don’t have the monetary reform of the Iraqi dinar. Because of the corruption that is occurring inside of the the government of Iraq. But Sudani is in good control…He sure is.
MilitiaMan , Article: “Paralyzed for 19 years.. Parliamentary optimism about passing the most important laws in Iraq” Quote: “The oil and gas law is the most important of the suspended laws…this issue will be resolved in the coming days.”
There is absolutely no coincidence that this law is on the table now…We never know what the coming days will mean. However, with…where Iraq is in her reforms and the loss of revenues from the Kurdistan Region, the pressure has been mounting for results needing to take place and quickly.
This is a very good sign of things to come and likely first or at the same time…Article:“Iraq speeds up steps to join the WTO”
Quote:“…the fourth round of negotiations to be held during the first quarter of next year. This acceleration means that the negotiations are proceeding with rapid steps towards Iraq’s accession to the World Trade Organization…”
It’s leading you to believe they’re going to be doing acceleration and they’re going to go out to next year? That’s not acceleration as far as I’m concerned. It’s not at all.
Jeff , The World Trade meeting…July 18th, that’s their 3rd World Trade accession meeting. They waited 16 years for that meeting. 16 years. Reason why is because there’s conditions and requirement that have to be met for that meeting.
A tradable convertible currency…they cannot be under US/UN sanctions. That’s why they’ve waited 16 years for that meeting…Everybody’s who’s on the board of directors and members board will only have until August 15th, this was in print, to get their comments submitted for this World Trade accession…
Wolverine [via Judy Byington] Looks like this is the week we have been waiting for. I am inundated with much intel coming through and it all lines up, and none of these sources know one another. So, this looks like it is definitely coming…We’re in for a magnificent week…
Pimpy , Once a country re-denominates, they don’t just recognize the re-denomination in country. It’s recognized throughout the world…Does it make sense that they’re going to have a different rate exchange in Iraq instead of out? …You really believe that’s going to happen? …
The poor people in Iraq are going to be like, wait a minute. I’m changing 1,000s and all you give me is one new Iraq dinar note…only worth $3.21
In the meantime if I just…went on a trip to…the United States that they would… exchange my old bank notes with the current exchange rate with the zeros on there giving me millions of dollars?
Does that make sense to you?… No, once the re-denomination takes place it’s worldwide. You might still have the old notes…but you’re not going to be able to exchange 1,000 dinars times a $3.22 rate. That’s not what happens.
They make the conversion to the new Iraqi denomination. So if you bring them a 1,000..it’s not 1,000 anymore, it’s only 1dinar. Then time the exchange rate of $3.22. Here you go sir/ma’am, here’s your $3.22…Just use a little common sense…
You would have this huge rush of people coming out of Iraq with their currency with all the zeros…going to the United States…and swapping it and becoming millionaires and then going back in their country and buying the new bank notes with their millions of dollars. Does that make sense?
Walkingstick (KTFA) Iraq is going through many changes and one of them is a new exchange rate change. RayRen98 (TNT) JUST HEARD FROM A BANK SOURCE… THEY THINK SOMETHING WILL HAPPEN IN THE MORNING…TIME WILL TELL!!
