Dinarland Highlights – 9.10.21
Somebody sent me pictures of some of the lower denominations from Iraq…as small as the 50 dinar note…just not of the really small ones.
It’s really neat to see us this close…We are getting there. Perhaps they are going to do it today or tomorrow…perhaps we are days away still…we just do not know.
Kuwait compensation almost completed…The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the remaining amount owed by Iraq as compensation for the benefit of the State of Kuwait, noting that paying it may take six months. He pointing out that the remaining amount is estimated at one billion dollars out of 52.4 billion dollars initially owed. Why is this so important for Iraq? It is important because it will free them up from the final monetary sanctions. The US Treasury can then eliminate the OFAC sanctions.
Firefly Boots-on-the-ground TV report:
FIREFLY: The Finance committee of the government has requested a review of the exchange rate and this is on the news right now to us.
Parliament is now doing a request also to have the exchange rate changed in the upcoming 2022 budget.
FRANK: You mean the buffoons that were saying that you will never see a change in your rate just three weeks ago?
Yeah…There is no date and rate on this speculative investment. There’s this good information that…you’ll see in print very soon…
The CBI already calculated it in their M 1-2-3 figures the amount of currency that is floating internationally. It is domestically where they’re trying to collect the 3 zeros. And they’re about to finish that off. They got about 77 to 78 percent collected sometime early last year. But they are about to have 100% of the 3 zero notes domestically in their central banks. They got satellite banks all around the world that when people go exchange the dinar for their currency of that country they can go to these satellite banks if they want. Those dinar would go back to the CBI. You can do the same thing too…in the 48 continental states or you can go to an American bank and exchange your currency. The difference is that the American bank will send it to the Untied States treasury…your choice.
I’m curious to see what’s in there [2022 budget]. We all are. We want to know is there going to be a rate change in there. When I say things like, ‘If there’s going to be a change’ it might be a small one. That doesn’t mean the possibility of them coming out and going, ‘oh and RI or an RV’ is not there. That’s always possible…they’re not going to announce it/give you a warning…if they let you know there’s going to be an increase in value of the dinar against the U.S. dollar, what happens? People buy more Iraqi dinar when it’s cheaper right? Right. So they can benefit from it. They’re not going to tell you. They’re just going to do it…
Is RI/RV/LOP/RD possible? I believe anything is possible. I look to Roger Bannister in the 4 minute mile. It was physically impossible until he did it. Has a country ever reinstated or revalued their currency…50% 100% 1000% overnight? Not that I’ve seen but that doesn’t mean that it can’t happen.
I do think it’s going to happen soon but my definition of soon…means that it’s going to be in the near future at an unexpected time. Sooner than later. So it could happen today, tomorrow, next week – I don’t know and I try not to worry about it. Live one day at a time. I plan for tomorrow but tomorrow I’m not really worried about it. Today has enough troubles in itself.
Everyone I am sure would like to see something happen now. The truth is Iraq is not in the position…They’d still need to pass laws, create a suitable business environment and encourage foreign investment. Of course over the last several months the development of the so called, “white paper” is the basis to create this private-sector market economy.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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