Dinarland Highlights – 4.24.21
“US lifts Vietnam, Switzerland from currency manipulator list“
Didn’t I tell you once the Obiden administration got back in office, since he takes orders from China and they are all involved in a globalist new world order agenda, don’t be surprised if they do nothing…this isn’t surprising. For us holding on to Vietnam Dong we’re waiting for something to happen about these guys manipulating the prices so they could go ahead and at least increase it [dong] a little bit. Nope. Just like I had told you, you cannot trust the Obiden administration to do anything against a globalist agenda…
Remember I was talking about a free floating currency in Iraq. They’re talking about kicking around in the market, let it go on Forex, let it free float. So instead of it being pegged to the U.S. dollar they just let it float. If investors believe Iraq is going to grow they will invest in the currency. It will cause it to go up in value …the price of a currency is affected by what? Inflation, unemployment, demand, political stability, supply and future prospects…we don’t have to wait for an RI or magical RV we can pay attention to these things and watch the currency grow in strengthen…
The CBI and the GOI…Mustafa and Prime Minister Kazemi are going to start a massive campaign of advertisement about the monetary reform in country to the citizens because the massive campaign of the monetary reform has already been done outside of Iraq…all of a sudden you have hundreds maybe even thousands of companies pouring into Iraq. Why? Because they know they’ll be protected under Article VIII. Three years ago no body came in. They weren’t protected under Article VIII – lifting the value of their currency. But now they’re all pouring in. What’s the difference? Why are they pouring in this time around?
The budget is official and the budget is with the 1 to 1 rate…it already exists with a rate of 1 to 1…they’re all waiting for the rate…the accounting in the budget is already in the budget and retro back to the first of the year – that’s called a rider…it’s in there as a mechanism to take the exchange rate of the budget and bring it back to the beginning of the year to cover the whole year for that budget. If there was not a rider like the article say that there is, then they would never have any plans of bringing in a new exchange rate retroactive back to the first…
[What are you thinking on timing…my phone started blowing up yesterday with bankers in anticipation for this weekend.]
I don’t know the timing but it looks like it’s going to be close. If you look at Trumps EO 13848. He talks about the National Emergency act goes until May 20, 2021…so I think it’s between now and then. I think its soon.
Bruce (The Big Call)
Iraq did put their budget in the gazette – the printed version – last Saturday…what’s interesting about the gazette is – it is supposed to come out again on Saturday in print to put it out so that it could be released internationally – and that means even to us – because they’ve sort of released it I think within Iraq – maybe to other countries in the Middle East – trading partners of theirs – Saturday is supposed to bring the gazette out to where even we could see it – that means they should have the budget out – and their rate for the dinar…The rate came out a little under $15 and I don’t know if that is where it will stay for right now but I think they wanted it to be traded up a little higher than that…so that is good news for us…
From what we know there was one more thing…the dong – because of the international trading partner relationship with Vietnam and even with Iraq – that rate may come out between 6-8 % below that of the dinar – which is way higher than we thought it would be – that does not mean that it is going to stay there forever – you realize we are getting rates to show up and last for a month or so – before they’re maybe taken down or brought out on par – meaning even with – the USTN or new US Dollar. So for Vietnam to come out with their rate on the dong – we kind of need to have a rate that they can see on the dinar – if they plan to come out between 6 and 8% below that…
…so that’s why I think that one last thing could be the dong…obviously this thing is a moving target – we got all excited because we think it’s here – we think everything is done – and there is always that last one thing…all we can do is move forward when the time is there and we get our notifications… yes we thought we have been here before but we have NOT been here before – This is New – and every day that I get 2 or 3 or 5 nuggets of information – I’m excited because the picture puzzle is starting to get more and more complete...I am very encouraged – I can see some light at the end of the tunnel…
[There was a post saying Okie [Guru Okie_Oil_Man] called and said he received a call and was coming in for a landing.]
Yes he did get that call…but he hasn’t landed yet.
…They told us they want to get the reforms implemented but they really only told us this one time. They talked about it and have not talked about it since. This was April 1st immediately after the budget.
“Parliamentary Finance expects the exchange rate to remain stable for the coming years“
…Now all the daily articles are coming out telling us that the exchange rate will remain stable where it’s at for many years…
“as it cannot be reduced because the budget is built on it.”
…all the article coming out are telling you the rate of 1460 is what is preferred and most suitable for a long period of time for Iraq’s economy…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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