Gurus Frank26 & Firefly 12/30/22

by **Ssmith** Fri Dec 30, 2022 2:55 pm

[Iraq boots-on-the-ground report]

FIREFLY: [His bank friend says] It’s really close. He says they’re just ironing out the final issues. He thinks when we see the HCL then the budget will appear to the parliament. Or if the budget goes first it will not be approved until the HCL is approved and implemented.  FRANK: Either way I agree 100% on every direction/option he gave…yes it is very close…I believe you’ll see a combination of 3 things. The budget, new exchange rate and the HCL all together at once…bring them together at the beginning of the year.

Article:
“After years of delay and disagreement, an agreement was reached by the “majority” to pass the oil and gas law“

Once in a blue moon there is an article that stops traffic. This stopped traffic on a one way street!  …the moment you see the HCL, nanoseconds after that you’ll see the new exchange rate.  Have I changed that statement?  No…wow. Wow. WOW! …this is an amazing article…

Article:
“Decline of the dollar in Iraq“

I thought it was an increase in the dollar in Iraq?! So which is it?  …NOTICE THE 2%-3% PLUS OR MINUS FLUCTUATION… AND THAT’S BECAUSE IT IS DEPEGGING FROM THE USD.  Today it went the other way. It fluctuated with the American dollar going down against the Iraqi dinar. Where as before it was going up against the Iraqi dinar, which is what we don’t want.  The management of the exchange rate crisis by the Central Bank of Iraq is being well taken care of…IMO you will see this downward trend until the Iraqi dinar floats.