Dinarland Highlights – 9.7.21
…A bank memo stated that this upcoming week will be one of the very best weeks in a long time, maybe even a record-setter? All of the senior staff expect to be extremely busy this week! Private clients are anticipated to be called in…possibly before 800 numbers are distributed. Time Will Tell…
No. Do not run to the bank. It would be tragic if you did.
“The Central Bank of Iraq revealed the mechanisms that it will adopt to deal with oil price differences“
I know it’s a new rate isn’t it? Yes…Behold the announcement of the announcement…
“The Deputy Governor of the Central Bank of Iraq indicated that changing the dollar exchange rate is a studied step from several sides, and the decision to amend was taken only after extensive studies by they Ministry of Finance and between the Central Bank and in agreement with important international institutions for a fair situation of the dollar.“
Behold the announcement of the announcement…
“…the exchange rate change was long overdue, and it was supposed to be adjusted from 2010…“
These are exciting times…
“Minister of Finance: Complete the proposed budget model for the coming year and study the mechanisms for its implementation”
People keep asking me about whether or not I think the rate is going to be here [2022 budget]. To be quite honest I’m not sure. It’s possible. If you prematurely jump up in value too quickly then you could really hurt your economy. As they continue to develop and grow they obviously are going to need a more powerful dollar. That’s why I think it’s possible that we can see a rate change happen because they’re going to be doing more importing IMO than they are exporting at the moment…it’s gonna take a ton of dollars to do that…They’re definitely not going to devalue their currency anymore that’s for sure. As they continue to grow they’re going to need a stronger purchasing power dollar…
The current administration believes the rich need to be giving up more and more and more and they’re lowering the caps down on what you can have before it gets taxed very heavily…
It is not up to parliament or GOI to set the rate…The rate is up to the CBI…period. It doesn’t matter what the budget specifies.
Despite the guru’s attempts to get you excited that some fictitious RV is coming, nothing is going to happen anytime soon. Iraq has a ways to go to create a suitable business climate encourage foreign investment. Only with the success of Iraq’s economy can the dinar rise in value…
“It was said in the past that the IQD should be exchanged into a separate account.”
Absolutely not. And I am told you do not need a trust before the exchange. Anyone tells you that you need one is just trying to sell you something.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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