Dinarland Highlights – 4.24.21
IMO the budget that…is now going to receive an official exchange rate from a sovereign country that…will be shown to be under Article VIII…you can see very clearly that the action of many countries, many companies…they’re casting a shadow of the monetary reform. They’re not going to come out and tell you, ‘Hey guess what? They told us they’re going to raise the value of their currency.‘ Because they can’t. It’s illegal to do that…a good forensic detective can walk into a room and tell you basically what’s happened in the last 24 hours in that room by interpreting the signs, the clues, the patterns…the monetary reform itself is naked. It’s visible…
The CBI is about to go on a massive advertising campaign about the monetary reform…inside Iraq… television commercials, newspaper ads, billboards…there’s going to be CBI workshops. The CBI will rent out big auditoriums, gymnasiums…they’ll set up table, ‘We’ll like to explain to you what’s going on.’
Bruce (The Big Call)
...there have been over 1100 arrests – in the last several days there – these have been bankers- financial people – Iranian sympathizers – have all been arrested and removed from the scene – this was done in 4 major cities – these arrests needed to happen – and they also I think paved the way for us to move forward – so in other words with that done and the rate for the dinar going into the gazette and being internationally seen on Saturday – I think basically that takes Iraq and we can maybe close the chapter on Iraq…
…with all we know and understand the exchange rate has not thus far gone the direction we have been hoping and praying for. Or has it?
…The powers that be have been working for years to get the country of Iraq to reconstruct and get back to a rightful place in her region and the world. We can see the progress on many fronts over the past 4-5 years now. But more recently we see a laundry list of crucial items (mechanisms) coming together to facilitate the birth of a new nation of Iraq.
…One that is to have an advancement to their internal and external systems like no other possibly in history or at least our life times with or in respect to the “Iraq Marshal Plan”.
This new plan is going to be vastly different in nature from previous era Marshal Plans of the world…The previous were industrial in nature primarily. This one will have and industrial nature of course, but with a new and improved digital component to it…That road is transparency. The new system requires it. The digital world they’ll begin to live with looks to be with the USA help is to go live 05/01/2021 digitally for both Dinar and the Dollar…To do that Interconnectivity is to be international… Article 8 compliant. Cross border payments and settlements for trade require it.. imo… So with having the E-Gov, E- Commerce, E-Borders and new E-Currency we should see an exchange rate change at or before the roll out of the digital playing field they suggest is to roll out May 01. I am very optimistic…Let’s see what the day brings us. imo.
An article…came out from economic adviser Saleh stating Iraq cannot float the dinar because is using the daily currency auctions. He mentions several reason. This is true. They cannot float while they continue to use the currency auctions. Iraq is only one of a few if even that left in the world using a currency auction. Central banks manage their currency by freedom of movement of capital and supply and demand selling blocks of currency to balance the exchange rate on the global financial system.
Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange. Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system. We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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