November 7th 10am

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TNT UPDATE ~ Monday evening UPDATE for November 6, 2017

The following has been reported from our best Iraqi sources:

Rawa is awaiting liberation, efforts are underway

PM Abadi on Iraqi TV stating the 2018 budget will reflect 12% allocation to the Kurds without negotiation. The referendum was the major culprit/cause for this action.

PM Abadi pledges to use force if Peshmerga does not concede.

The CBI has informed Iraqi money exchangers to discontinue sales of Dinar.

No sales of Dinar in the country leaves the citizens excited and anticipating an upcoming rate change.

Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Late Monday Night 11-06-17
bunny: we were CLOSE when Shabs had met the IMF requirements 2011 and then Maliki put an arrest warrant out and Shabs exiled to Switzerland. Grrrr
sandyf: The term "International currency" does not mean anything. There are 3 types of currency - Fully convertible, Partially convertible and Non convertible. Article 14 currencies by virtue of their status with the IMF are Non convertible.
Article 8 currencies are normally able to be exchanged worldwide but at the discretion of the exchanger. When a currency becomes volatile an exchanger may well refuse to exchange as happened with the Russian Rouble not that long ago.


Samson:  Oil jumps to $ 64.37, the highest level since July 2015

6th November, 2017

Oil prices jumped on Monday to their highest level since early July 2015, and reached $ 64.37 for the Brent mix. 

Markets were also supported by data showing a decline in the number of oil drilling rigs operating in the United States.

US crude futures rose $ 2.29 or 3.68 percent to $ 64.36 a barrel, while light crude futures rose $ 1.90 or 3.3 percent to $ 57.51 a barrel. .

The OPEC basket was $ 59.15, up 66 cents