Dinarland Highlights for May 15, 2021

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Dinarland Highlights – 5.15.21

Frank26 (KTFA)

They [Iraq] has to have liberalization of movement…they need a free market – a liberalization of their currency is important for the their currency to be viable.  They need to be Article VIII – it’s not that they have to raise the value of their currency.  That’s nice and good but they need to announce that they’re article VIII and international status.  All of the articles cast a long shadow that proves that they are…they have to just announce it.  And while they do that raise the value of your currency too.  The goal is 1 to 1 in-country and out-country and then float it…international status will equal an increase in their value. 

All I know is that they need to lift all of the restrictions.  They need to announce they are article 8 which is lifting all the restrictions.  This is the key to our investment.  Not the rate increase.  The international status of Article VIII to be announced.  The de-pegging of the American dollar so that then they are free.  They’re liberated…

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MarkZ

[Are we going to get heavily taxed?]

That does not make sense to me….I am told its already covered in the exchange…

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Kaperoni

If the Iraqi dinar is ever going to appreciate in value it will be as the IMF says…”a predictable and gradual appreciation.”…

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Petra (KTFA)

They came out with some matrix that I was frankly kind of surprised.  They said 99% of the citizens in Iraq now have cellphones.  That’s massive.  And over 75% of them are connected to the internet.  Put that in your about digitization and being able to safely and securely transfer money both internally and externally

Article:
“Saudi companies prepare to launch giant investments soon in Iraq 

[…The Saudi’s don’t play games and have little tolerance “postponement and delay tactics” if your not ready to do business they don’t stick around. The fact that they seem to be moving forward with investment projects (according to this article anyway) again I find encouraging…]

Correct…Looks like they may get the first dance card with the queen of the Ball!

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Mountain Goat

Article:
“China agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars.”

this is very important as China needs the Iraqi oil real bad. This is a geopolitical move on China ’s part…

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MilitiaMan (KTFA)

…”According to the information, the salaries of employees and the region’s share in the budget law will be launched by the Federal Ministry of Finance after the Eid al-Fitr holiday.”

They told us the mechanism was agreed on and was to be dealt with immediately after Eid Al-Fitr…Lets hope they have the international mechanism ready to roll out!!

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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