Dinarland Highlights – 11.16.21
…in December 2020 the CBI did a major devaluation of almost 22%. So, when most of the news from Iraq is now talking about a “revaluation” they are only talking about bringing it back to the pre-December 2020 rate from the 1450 rate but still within the program rate. This has nothing to do with the project to delete the zeros or reinstatement which we know points the way for we want.
…We want a reinstatement to get off the program rate and for the IMF to announce the new SDR basket that includes five currencies of the major developed countries including Iraq as part of it. This is when the dinar goes international.
We do not go to the bank until it is international…Once reinstated on FOREX we go to the bank and not until…They also are going to switch over to the Quantum Financial System (QFS) as the same time. The QFS already now contains the new set of rates to adjust them according the Basel 4 asset backed. The rate of the dinar was showing at $4.81 this week. WOW!
25 page PDF file from the CBI that was given to the citizens of Iraq. It is a step-by-step-by-step of what they’re doing with the monetary reform. It was given to them at a University somewhere around Basra. It was what was presented to them on their television but not to you – the explanation of why they’re raising it [the dinar].
[Firefly boots-on-the-ground Iraqi TV update]
FIREFLY: Iraqi government on news saying it justifies changing the exchange rate of the dollar to help support the new budget which should be approved early 2022.
FRANK26: Kazemi you’re going to open it January the 1st? ‘uh-huh.’ And you just told the Iraqi citizens you need to raise the value of the exchange rate in order for the budget to work? ‘Uh-huh.’ Are you going to raise the rate before January 1st? ‘Uh-huh.’ This is so beautiful when a plan comes together don’t you love it?
FIREFLY: Minister of finance on TV saying Iraq going to change the exchange rate of the dollar for production and support economy.
FRANK26: Kazezi comes out and says, ‘Hey we got to change the rate.’ Why? ‘For the budget…We got to do the economic reforms and we got to change the budget and then all of a sudden the minister of Finance are also being sent from Kazemi’s office and he’s saying on television Iraq is going to change the exchange rate…this is amazing. This is what we wanted to hear and see.
Overnight more people in place. Today big meetings for logistics of exchanging groups that have currency …here in the US we have meetings in two different cites of bankers and groups that aggregate currency this afternoon…That they are getting in place tells us that the banks are telling them they expect it to happen very soon.
[What will the dinar to dollar rate be after the QFS is activated?]
Right now what we are seeing on screens and from contacts in-country is $4.81. The contractors have not been paid yet in Iraq.
Lots of meetings today and some of them are still going on. …There are a tremendous number of group leaders now in place and prepared for currency exchange guys. They definitely look like they are waiting for some type of action …but, we have not seen any movement yet. …they are all in place and having continuous meetings on how to structure things, who goes first, …all these things. I think this is big news…Buckle up as this could be a rough ride as we finish.
The largest banking and financial summit in the world is happening in Dubai staring the 17th [to the 20th] which is this Wednesday…A lot of things are happening that are not coincidence. They’re all coming to a convergence but even more of a convergence than we thought before…they’ve let it [the rate change] go this long. I don’t know the reason but it seems to indicate that they want to make sure everything was all lined up and batted down correctly…it’s exciting to see and that’s why we think our time is getting down to a minimum here…
…On our blessing news, I had some great calls last night and things are moving. We should see movement at our level soon. Massive clean up behind the scenes…It’s always been about safety and security! We have finally achieved that!…From my calls last night we have turned the tide and we should see things this month depending on how things unfold this week! Progress has been made! Keep the prayers coming!
The rate change is still being talked about…
“The Iraqi government justifies the reason for adopting a new exchange rate for the dollar“
…going through explaining why it is they devalued the Iraqi dinar…we all know and I said this that whenever they devalue the dollar it always affects the poor because it goes less purchasing power and that’s the thing they keep focusing on here…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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