Dinarland Highlights – 1.2.22
[Iraq boots-on-the-ground TV report]
FIREFLY: Kazemi is saying the CBI has gained 12 Billion dollars even though they have been through a pandemic…and they’re saying it’s all because of the white papers. Then the Finance Minister is saying Iraq needs a true reflection of their exchange rate and they keep saying to us that Iraq is losing billion daily by not having a true rate.
FRANK: …Kazemi is waiting for Mustafa to release the new exchange rate… remember they told you they would show you the new exchange rate at the early part of next year  …every day they drill into your education that you’re about to receive a new exchange rate and a new currency…
What did I tell you would equal a float? When they are out of Chapter VII…Chapter VII is like a whole banana. There are parts of chapter VII that are still not released. Turns out there’s just one part of this United Nations Security Council sanction rate that they’re doing…there’s only one chapter left – Chapter 6. What is Chapter 6? Full compensation to Kuwait. That’s done.
You [Iraqi citizens] have to realize your currency is about to float. That’s what they’re trying to teach you. It’s part of your education process right now. When it does float and they reinstate the value this education is going to get louder for you…float means you are officially free from Kuwait…the fact that your currency is about to float is incredible…this is basically the announcement of your purchasing power…
“Iraqi president calls on elect lawmakers to convene on January 9 for first session“
The results were finally ratified in the past week after a long delay. The parliament will begin the process to elect a new Prime Minister. Many are hoping for the current PM to remain in office…decisions made now could affect the future of our investment in Iraq.
…I am being told is all is done and this week all starts!…
The question is how much do you get to keep…because we’ll be taxed. People who don’t pay their taxes and wait, they’re going to have their asses handed to them. I kid you not it’s going to be a bloodbath.
A fixed exchange rate controls the nominal exchange rate that is set by the CBI. Whereas a float is determined by the foreign exchange markets by supply and demand of the Real Effective Exchange Rate that will fluctuate during its float…A float is basically a more accurate reflection of a currency’s value and that’s why the CBI will soon de-peg and float for its Real Effective Exchange Rate.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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