Dinarland Highlights – 8.29.21
“I understand Iraq will join the WTO by the end of the year, apparently they have to add value to the dinar before they can join. How true is this?”
It’s not true at all. They probably will be in the WTO by the end of the year but look at China. They’re in the WTO. They’re the biggest currency manipulators on the planet…
“The minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change”
How else can they tell you they raised the value! What more do you want? …they will announce it when it’s time. They will announce it to their citizens and you will hear about it. It will be world news across the board. ABC, NBC, CBS…will carry it…
“The minister of Finance Allawi…The process of changing the exchange rate was not easy. The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system.”
Monetary reform first economic reform 2nd…
I’ve got a lot of phone calls recently from people telling me, ‘Can you help me get my dinars back?’ I told you not to let go of your dinars. ‘I know Mr. Frank but I’m scared I can’t get my dinars back from this guy. What do I do?‘ Why did you give your dinars to this man? ‘He said he could give me $15 for every dinar.’ You believed him? …
Shabbibi was pissed off because he was not a fan of their [WTO] monetary policy. He said they did a great job of lowering inflation but it did nothing to help the growth of the economy because the exchange rate was too low…you can see that’s where they are now…when people go, ‘oh man that rte change is never going to change.‘ Oh , it’s going to change. If he’s saying it didn’t help with the economic growth because of the exchange rate being too low what the hell do you think that means? Right now they’re trying to rebuild. If they really want to boom an economy get people back into work, they’re going to have to change the rate of exchange. Sooner or later you need more purchasing power…
“A little over 2 years ago the Kuwaiti conference was just loaded. 300 contracts had been agreed upon and signed. They were all motivated…we’ll protect your money, your equipment, your people, come on. Then all of a sudden they did not fulfill that…nobody came into Iraq. We’re talking about 100s and 100s of companies…what is the difference between 2 years ago when they were going to pour in and they just stopped…and now?”
They did not have a plan. They did not have the ‘white papers’ to direct the future of Iraq. That to me was a key ingredient to acquire…they didn’t have that back then. So to me they were not ready…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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