Dinarland Highlights – 12.1.21
[Firefly boots-on-the-ground Iraqi TV update]
FIREFLY: They go into talking to us about the 2022 budget. They say to be addressed and passed in early 2022. He’s saying that the budget will be the center on projects of all our reforms and then the CBI in early 2022 we’ll review the exchange rate too. Saying both will walk hand in hand.
FRANK: Mustafa the Governor of the Central Bank, the only guy that can touch the exchange rate just told you that both the exchange rate and the budget are going to walk hand in hand? Yes sir! …Your country is going to be one of the powerhouses of the world…
[Firefly boots-on-the-ground Iraqi TV update Continued]
FRANK: It’s stupid to think that they are going to do it in the first part of next year. They’re going to implement it in the first part of next year. Because how are they going to open the budget on January 1st without the new exchange rate being exposed? That’s why they are very soon to show you the new small category notes and then shortly after that or in conjunction with that they will show you the new exchange rate. That’s why they’re educating you right now about what they’re going to do with the new exchange rate and this new currency. The new exchange rate belongs to the CBI and the GOI…
The government of Iraq is talking about the exchange rate. The Central Bank of Iraq is talking about the budget… shouldn’t it be the other way around? It’s not because they are raising the value of their currency…the government of Iraq is interested in the exchange rate for the budget and the CBI is interested in the budget because they need to give them the exchange rate.
…Yes, November is gone and still no RV, just as I told everyone to wait and watch for early January 2022…The Iraqi news channels are all talking about the dinar and the revaluation. So much news in this area of concern I can hardly read it all…But like I said before, we must be real and ask ourselves if they are just talking about bringing back the pre-December program rate or a full blown reinstatement with the rate on FOREX that we want to see (around $4.81ish)? So far, I am told it is the later of the two and so we move ahead into early 2022 very soon to see what happens.
I don’t like to give any dates as it is a moving target and event based. All sources say all is done and we await the final release codes. When that happens, it could be this week or longer. We don’t have all the details as to what is happening behind the scenes…
From Iraq News… Kuwait confirms receiving $1.47 billion in war compensation from Iraq … After 40 days of polling, the announcement of the final results of the Iraqi parliamentary elections The Sadrist bloc topped the final election results by obtaining 73 seats, (My understanding is that Iraq had to finish paying Kuwait before they could revalue – to be article 8 compliant. And now that The Sadrist has been announced as the winner, Kazemi should be announced soon.)
FEDERAL RESERVE CONTACT IS SAYING, “ANY MINUTE NOW” AND “WE ARE WORKING AROUND THE CLOCK IN ANTICIPATION!” BANKERS ARE CONFIRMING SEEING RATES TODAY…DONG FROM .47 TO .68...
…one person…looked at what Iraq owed to Kuwait. He looked at the amount Iraq just paid to Kuwait ($1.47 Billion) He did the math on what was paid in Iraqi dinar. Doing the conversion it worked out to $2.45 US per dinar. This really does lend more credence to what we have been hearing that Iraq has moved forward and unpegging from the US dollar. I don’t think this rate affects us because we are covered under a contract. But this is huge movement… This is right out there for the whole world to see. Maybe this is their way of saying “Hey, we announced things” now they are going to let it float to where they want it. I think this is exactly what we saw. Value changes in Iraq that we can actually track is big…We have seen Iraq in the last 24 hours paying off old debts. In DINAR. So many are doing the math. All are finding tremendous difference in the value…it’s way up. To me this is absolutely huge.
Someone asked about the dong if I could give some background on it and why it is included in this. Vietnam is one of Iraq ’s top trading partners. They are both included in the first basket and supposed to go at the same time. Vietnam ’s dong value was reduced during the Vietnam war. It was never reinstated. So, if all they did is reinstate their old value and correct it for inflation we would be looking at a rate in the low to mid $2 range.
My sources, specifically talk about that they are being taught about a new exchange rate. They are being taught that they’re going to reform and do these things for the citizens and bring purchasing power. There’s articles that even brought it up this weekend directly saying what we’re doing will create purchasing power for the citizens…
It’s not often I agree with [Guru] Kaperoni, but this time he has a point. Funny thing is…there is no overnight RV, this has been building for some time. Those of us here a while now already know this hasn’t been an overnight process. But one night soon… just watch.
Finally…so far it looks like it’s over. The electoral commission has announced its results. Not very much has changed. Sadr is still the big dog in charge of everything…Sadr is somewhat similar to Trump. He’s a nationalist…what that means is somebody who believes in and supports his own country before other countries…he wants the United States out of his country because he believes they are occupiers. This also puts him at ends with Iran …he doesn’t want Iran ‘s two cents in his country either…Sadr is a hard guy to read. He could be a good guy or a bad guy. I’m curious to see what kind of government he is going to establish. Let’s hope Kazemi is a part of it and they can get back on track and continue what they started…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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