Dinarland Highlights – 9.6.21
“3 DECADES AFTER THE INVASION, IRAQ IS CLOSE TO TURNING THE PAGE ON KUWAIT’S COMPENSATION“
“Deduction of 3% of each barrel exported abroad as compensation for the Kuwait war will end next year.”
This wording is weird. 2021 not 2022 is their last year to pay complete these payments, so yes it will end in Jan 2022. Oops that date popped up again…WOW! We have waited for this to end. This will end these sanctions against the Iraq oil revenues and free up this money.
“Economy News publishes details of signing the agreement with France’s Total“
This is a good opportunity. Building more relationships internationally, more jobs. I really like what’s going on. I think over the last 6 months for sure Al-Kazemi has really stepped up to the plate…the stronger the economy becomes the stronger the currency becomes. That’s a big part of it.
I still expect the dinar to come out between .50 and .60 cents. I still fully expect from what Iraq is saying that when they lowered the value of their currency to pay back bills...the end of October the beginning of November they are going to have a meeting to see where they’re at…that’s my rate and that’s my window…
Not only do they [the Iraqi citizens] know that they are about to add value to their currency but they also know about the HCL. That’s why Kazemi came out two days ago and pounded his chest like King Kong...he’s going to let a lot of oil companies coming in because Iraq now owns them and he’s going to allow them to hire Iraqi citizens…
There will not be a significant RV as many gurus talk about, there’s just too much currency in circulation for such an event. Iraq could not afford it. So what we have to hope for is Iraq to succeed in developing a diverse private sector market economy away from just oil, therefore allowing the zeros to naturally go away as a result. For this plan to succeed we need to be patient and let Iraq build their economy.
Yes. Iraq is trying to hide what they are about to do. They will never publish an article saying a favorable rate will be released tomorrow. They will continue to say the exact opposite. It makes them look silly to us, who know what is coming.
Nothing overnight last night. I have not heard a peep from anybody. All eyes are on tomorrow to see if there is liquidity for all the transactions that have occurred over the last 4-5 days…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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