Dinarland Highlights – 9.29.21
“IFC is the largest global development institution focused on the private sector in developing countries.“
…there is a concerted effort to support digital transformations around the world. Here is more support for my view on the matter of it is not only about Iraq, but, it very well may be about Iraq being a lynch pin for the transformation. Again, this effort is not new appears to now have the timing on our side to come to fruition.
…the IFC and WORLD Bank are supporting Viet Nam just as they have with Iraq…The stage has been set by Iraq at the UN as being Safe, Stable and Sovereign... imo.
THE UNITED STATES OF AMERICA & IRAQ ARE MIRROR IMAGES IN THEIR FINANCIAL CRISES. WHAT WE MEAN BY THAT IS, THAT IRAQ IS ON A FISCAL CALENDAR AND IT WOULD BEHOOVE THEM TO RELEASE THE NEW EXCHANGE RATE AND NSCN’S BY THE 30TH OF SEPTEMBER BECAUSE THAT IS THE END OF THE FISCAL YEAR OR THEY WILL DAMAGE THEIR REFORMS IF THEY DO NOT…I FIND IT INTERESTING THAT THIS COINCIDENCE IS SO CONVINCING AND TELLING CONSIDERING THE DEBT CEILING OF THE UNITED STATES OF AMERICA THAT MUST BE RAISED BY THE SAME 30TH OF SEPTEMBER…
“AN EXPERT TALKS ABOUT A RELATIONSHIP BETWEEN THE “CONSTRUCTION” BONDS OFFERED BY THE CENTRAL BANK OF IRAQ AND THE DINAR EXCHANGE RATE“
Just so this is clear, they mean reduce the dinar rate down like from lower the numbers. For instance 1450 to 1166 or 1166 to 1. Get it? I really believe they mean to RV to make these bonds work.
“IRAQI PRESIDENT: WE WERE THE ARENA OF A REGIONAL AND INTERNATIONAL STRUGGLE WITH OUR MONEY AND OUR LIVES”
“The Iraqi President, Barham Salih, considered, on Sunday, that Iraq was an arena for regional and international conflict with the money ...”
…Like I have said this is their last rodeo to get this right or else the future does not look good! They must stay on course…
It has been a whirlwind week…it is all very positive…In Iraq I have heard from multiple sources that lower denominations are inside their ATM’s starting on Thursday which is just a day away…from my banking sources…they are all on the edge of their seats… We are watching a number of things come together on the RV front.
“Iraqi Finance Minister supports floating exchange rate of the dinar” This piece is HUGE…in a nutshell this is basically the announcement of what we are getting ready to see. We are still hearing they are going to start that this week. They are pushing for that free float. This is what we have been expecting so they come out with a lower rate on the street and allow it to float up. This should not affect our contract rate.
When they reduced the exchange rate last December (about 20%) it now requires more dinar to purchase the same goods. The CBI had to issue more currency into circulation to make up for it. The news stated the money supply has grown from about 42 trillion to 80 trillion…I do agree with some that before Iraq can even consider beginning to raise the value they need to convert to a digital economy. Doing so would allow them to remove the physical paper…would allow the central bank to control the money supply much easier as well as significantly reduce abuse or corruption…There has been several news articles in the recent weeks discussing this transition to digital format…
The Roth [IRA] obviously is our only thing that you and I have that gives us a tax-free gain. That’s it. There’s nothing else out there that’s going to do it for you. I realize there’s rumors floating around…‘this isn’t the going to be taxable blah blah blah blah…‘ What a bunch of bull okay. It is going to be taxable. The only way you’re going to be able to get it to you tax-free is with a Roth.
You’ve got to be careful about who you’re talking to and hearing from. When they can make you promises, they give you actual dates and actual rates – RUN! When they tell you it’s being exchanged in country and hasn’t done yet – RUN! …I want you to understand something. If the rate change happened in country, do you understand what type of black market we would have going on here? You could go to the United States and buy the currency dirt cheap, run over to the border, give it to a friend who can run it to Iraq, exchange it for the higher exchange rate, take the money, bring it back to you, you go back to your country, buy more and get rich that way. This is why there is no ‘change of rate in-country’. It would definitely destabilize the currency. That doesn’t make any sense whatsoever…
…What happened to the Iraqi Revaluation? The US told them not to start and so they didn’t. Who/what entity in US has the authority to tell IRAQ , a sovereign nation state – …not to launch its new currency? Only the UST has that authority…The “Peg to the USD”, by nation states participating in US guarantee for exchange of their currencies, gives the UST authority. This may be what gave the UST authority over the CBI’s actions… Iraq had given their word for a start this week and now it’s not happening. Without an announcement in the mosque, it’s literally too late to start… I hope, right now, with all sincerity, that Iraq goes ahead and releases its international rate. We’re waiting for that. The lower denominations are out. Just not in the ATM machines. Not until the REVALUATION takes place…
Bruce (The Big Call)
…it would appear from what I have heard…that we can look forward to the rest of this week…Iraq has been a country which is finally been given their sovereignty – finally has a currency – that they have been able to set the rate on – and trade globally – that happened last Saturday afternoon into Sunday…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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