Dinarland Highlights – 11.2.21
Over the past year…there has been significant progress in creating a suitable business environment in Iraq. Although there is a lot of work yet to do including passing many laws. So I am optimistic the dinar will eventually gradually via a float rise in value.
…RV update: …There has been a lot of positive news that things should begin today…The end is near!
Mustafa, the governor of the Central Bank of Iraq, came out and told the Iraqi citizens about 4 days days ago we are taking your currency back to the glory days…the CBI shows inflation is under control…the GOI showing that we have security and stability because of the military and the leadership with Kazemi and now we have the governor of the Central Bank of Iraq repeating the same words that were said…11 years ago [by Shabibi]. That is a full circle.
“Mazhar Saleh : The rise in oil prices revives investment… and the financial surplus to reduce unemployment“
This is part of the security they need to support the value of the DINAR… They are mentioning that to restart the projects at the current dollar exchange rate would be an additional cost to the state. Hence, support again for the new exchange rate to be implemented now and not later…
…My contractor in Iraq still does not have full access to his dollars from when they were paid mid October…he expects full access this week even though they were told it would happen on the 28th….which did not happen yet…
An article out of Iraq recently reaffirmed that in the very near future Iraq will have one of the most valuable currencies in the world…for that to happen it will be revalued more than the other currencies in the region…those currencies average at least around $3…And this article came out in Iraq just this week.
“Sadr bloc of losing forces: No power sharing this time“
Let’s hope this guy is sincere about changing the Iraqi dinar exchange [rate]…let’s hope he is truly for the people…looks like Sadr is putting the smack-down on people. He’s hell bent on controlling everything himself…he means business.
One of our major concerns was eliminated last week when we learned Iraq is becoming certified or has been assessed/reviewed to do business with the international banks on a global level. We are hoping this means that certain banks in the US and around the world will accept and exchange the Iraqi dinar. However until they announce this option we must wait and see.
I wish it wasn’t 7 years. I wish it would have revalued by now. But here we are. No less it’s still a huge opportunity. It’s a major opportunity. And I’m not getting out.
…in today’s news a government official comments on changing the dollar exchange rate after the rise in the oil price.
…They are again talking about why it is so important to get the CBI reserves yet higher. I believe they are already where they need to be now…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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