Dinarland Highlights – 9.1.21
You guys brought to my attention the article in which a Financial Minster of Iraq Allawi says he supports a floating exchange rate which is good…that means the market dictate the value of the Iraqi dinar. That means the Iraq dinar is not pegged to the US dollar any longer. Good. That’s what you want. But it’s not a true floating exchange rate. That’s what we call a managed float or a dirty float. In other words it floats on its own depending on what the market things of it but if it goes too far one way or the other the bank interferes with the rate change and affects it either way – going up or down.
“The Iraqi Finance Minister supports the floating of the currency”
“The Iraqi currency is floating, but the central bank intervenes from time to time until it places it pithing a certain bar…floating the currency is fully or partially liberalizing the exchange rate…”
Let my exchange rate go!!!
What we hear – “money is moving.” What we see – “money of account” is obvious (for some) and verified by bankers. What we feel – all is done, and Tier 4 is next. When though? No one is saying anything definite because no one wants to be caught wrong again. (Likely, they are trying not to attract the rude behavior.)
Under the new administration we’ve got there’s huge changes that are going on, particularly in the estate tax arena. Anybody who makes over $400,000/$1 million you can expect they are going to be taxed to pieces…[Hopefully that includes everyone who owns dinars!] So there has to be new strategies made and put into place…we anticipate this thing may RV, it may be a short quick opportunity to be able to move in, get it done and get out. What do you need to have to get sure you’re going to be relieved from having the hugest taxes possible…?
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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