Dinarland Highlights – 1.11.22
“The outlets announce an agreement with the customs to activate the customs and tax receipt program“
This to me suggests there is a game plan to going international. They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority.
…The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way…They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place…
[What if the market crashes and there is no RV?]
if the market crashes it will force the RV. Ideally they would reset it without crashing the market. But, its easier for them to let the market crash and justify the new system and adjusting of values…
I am still hearing from Treasury contacts and banking contacts out west that the 15th is the “drop dead date” …and they want it at least to be beginning by then….starting to flow by then… They want some tier 4 money starting to be in peoples hands by then. Still great chatter in Iraq with more education of the citizens on lower denoms happening. They are still seating their government. Very positive chatter there.
Today has been very quiet on the RV front. I have spoken to folks all over the globe and they all say we are waiting for an event and for someone to pull the trigger.
“It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.”
Wow! Can we have a standing ovation?
…this is the CBI saying this…this is the mother of all articles.
‘…let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.’
The CBI wants to show the Iraqi citizens the NSCNs/new exchange rate as soon as possible and if you GOI are not ready by the 15th then we the CBI will show the citizens to reduce any confusion…
“Is the Kuwaiti dinar and the Iraqi dinar the same thing?“
No. Two different countries. Kuwait is a small little country on the southern part of Iraq. Iraq’s a much bigger country. Both their currencies are called dinar…one Kuwaiti dinar is like $3.47 or something. It’s very valuable and the reason is because of their oil reserves…Iraq has so much more land mass with oil. How much should theirs be worth? It was devalued at…$3.22…
The white papers gives us the exact time frame…The white papers address the necessities needed for a financially healthy Iraq. The white papers have a 3 to 5 year span from the date it was published 2020. Thus 2022 may not be the year to expect much movement in the currency rate except to return to the previous rate of December 2021…
...we read in articles that it is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. Iraq citizens say that they demand the return of the exchange rate of the dinar to its “normal” state. What is its normal rate?…I believe the CBI is pushing for the “glory” days of the dinar and this is their objective. This means reinstating it back on FOREX with a rate well over $3. We all need to remember that the true value of the dinar is NOT reflected in its current exchange rate even at 1120.
…We are waiting for the CBI, IMF, World Bank and BIS to finally release the real rate of the dinar [that] will fairly and truly measure up the REAL VALUE already present in the economy, the oil and other resources of Iraq. Iraq will never accomplish its goals as stated in the White Paper without the reinstatement of the dinar and globally trading it. The White Paper itself even tells us this is their objective to accomplish…
Tweet by Kurdistan PM Masrour Barzani – ‘I strongly welcome the EU’s decision to remove Iraq from its list of countries at high risk of money laundering. Now with increased cooperation and investment from the EU, banking sector reform and support will become easier to deliver for our people.’
…Today, Tuesday, January 11, 2022, the Jumbotrons in the Town Square’s throughout Iraq, told the People that their currency value will be different tomorrow. Beginning Wednesday, January 12, 2022, the Dinar will have a New International Value. The Nation of Iraq is celebrating tonight…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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