Dinarland Highlights – 10.14.21
Bruce (The Big Call)
…we do believe it’s finally on its way to fruition for us – and … come full circle to all the way where it is we want it to show – I feel good about what I was hearing… I would say we are in a good place right now…we have to stay positive about even the fact that intel is quiet…this could go at any second – that is what I’m hearing – I’m just taking it – giving it out – just like I got it – and let’s see what develops…
Al- Sadr made a statement …in the media after winning the largest Bloc that “We will work to raise the iraqi dinar to be in the ranks of global currencies gradually.” In other words there is no overnight RV as I’ve been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy…
A few weeks ago it was announced by one of the representatives about the price of oil.
“Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars…“
They are announcing publicly from pretty much their members of congress talking about they want to raise the rate.
“New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate“
This is the one everybody’s talking about…the wording in here is a little eye-catching…what I like is the fact that they’re saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down…That doesn’t mean there’s going to be a rate change…they’re definitely building up the private sector and that’s what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there.
We are waiting to see what today brings…I have nothing new for you. It’s crazy quiet. All we can do is sit tight…
…in Iraq I have not heard from my contractor but did hear from another person. Banks in Iraq are closed half days on Friday, closed on Saturdays and reopen on Sundays. So he thought we may have to wait until Sunday to see if they had a rate change and changed values in their paychecks over there…
“The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022“
“the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent...”
“The Cabinet Secretariat approves the mechanisms for lending large projects“
If this article is suggesting they have an approved mechanism (as an example that a Dinar is equal to a Dollar), then they did a good job leaking that out. They did that on the back of the Sadr horse with one heck of a start out the gate in respect to changing the value of the exchange rate! If that is the case I can understand a gradual increase from there with a managed or directed float. Regardless this is looking very good and timed with urgency. There are to be procedures in place on the 17th per the CBI for foreign currency exchange… Being 1:1 at that time may very well be necessary so that the Dinar can begin the journey to being in the ranks with global currencies!!…
“MR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH. WE WILL FIGHT THE CORRUPT BY LAWMR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH.. WE WILL FIGHT THE CORRUPT BY LAW“
Okay, so now we have the support of Sadr and Al-Kezemi in the White Paper reforms. How can the news get any better?
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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