Dinarland Highlights – 1.9.22
Exactly how many months or weeks, will the Iraq Central Bank allow for the obsolete 3+-zero-inflated-dinars to be exchanged and/or used in trade? Answer: Not very long. They have tied the intake of these obsolete currency notes to the value of oil which today is over $78 US. Once the value exceeds a price somewhere between $100 to $120 US, the Central Bank of Iraq, will no longer support an international exchange. Point being, they want it in and done fast. No stragglers allowed. This includes those of us holding Dinar notes here in the US. We have only a short time to exchange these notes for a very nice Exchange rate.
“The death of the former central bank governor“
“The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva.“
There’s a big meeting going on in Iraq tomorrow [Today]…they’ve got limited media coverage but there will be media coverage. They’re finalizing and placing their government. That’s been a big aspect of this whole revaluation process. There’s been certain points that Iraq has had to meet in order to put their currency back on the free market, revalue it, make it be worth something again…a big point that they need to meet is to have a seated and fully established government…looks like tomorrow will be the time…
The [former] governor of the Central Bank of Iraq…he passed away…I think it’s so important to put back in perspective that this life is just temporary…
Dr. Shabibi – He was the governor of the Central Bank of Iraq for…about 9 years. Very outspoken man. Was more concerned about what was best for the Iraqi people…He just passed away today. R.I.P. Dr. Shabibi. He was the man who said the Paris Agreement wasn’t a good thing…thought the exchange rate should have been higher. R.I.P Dr. Shabibi…
Inside Iraq a dinar is a dinar. But what happens when the dinar floats at 1 to 1 with the American dollar? People start to use it. They start to buy with it. They start to trade with it. Start to sell with it. The value on international markets for that currency starts to go up…Do you think the goal is for it to stay at 1 to 1? The goal of the CBI is to float the Iraqi dinar to add value to their currency for the purchasing power of their citizens…their goal is REER. Nothing less.
The other thing that bothers me. You say [U.S. Bank executive] that FDIC insures me $250,000? Yeah. Did you know the FDIC insurance in the small print way down in the bottom there’s a clause that says that the bank/the FDIC has up to 99 years to pay me back what you Mr. Bank lost?
There are 7 basic categories of success before a country can improve or increase the value of its currency – 1. Inflation 2. Interest rates 3. Terms of trade 4. Political stability 5. Balance of payments 6. National debt 7. Recession
“Exchange rate first“
“It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.“
This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards… Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is…
Looks like Sadr and the Sadist bloc have formed an alliance with numerous other blocs including the Kurds to now have the largest bloc in parliament and the right to form the government. This appears to leave Al-Maliki and his State of Law coalition left out. Based on several other articles it appears Al-Maliki is trying to imply this result will…have constitutional ramifications. IMO it just seems like Maliki is trying to cause trouble. His time is running out…We can only hope Sadr has the correct intentions for democracy and economic growth in Iraq.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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