Dinarland Highlights for February 1, 2022

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Dinarland Highlights – 2.1.22

Mountain Goat

Articles:
ECONOMIST: IRAQ MAY GET HALF A TRILLION DOLLARS ANNUALLY IF IT IS LINKED TO THE SILK ROAD”;
“THE SILK ROAD ON THE {MORNING} TABLE PENETRATES 70 COUNTRIES AND REVIVES IRAQ’S ROLE IN INTERNATIONAL TRADE

Did I not say already many times the objective of using Iraq is for a global trade clearing house for the middle east? Well here it is…  Can you imagine the revenues? Not only oil revenue but revenue from customs and tariffs and now tax revenues from companies and individuals and then the hotel and tourism. Oh…but wait Iraq still has a 1/6 of a penny dinar…  : )

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MilitiaMan (KTFA)

Article:
I talked about the stage of “reaping the fruits” .. Chairman of the Investment Authority: We have prepared 70 projects for the state

The next stage is not going to be at a program rate. The economy will not stand on oil sales alone. Again the automation of the ports and borders will bring in massive revenues!! Just as the religious tourism, the Liquid natural gas sales, other natural resources, etc., etc.. imo   Apply the REER (Real Effective Exchange Rate) and let her sails to the wind!! imo.

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Sandy Ingram

These are speculation numbers to help you understand Iraq’s vast wealth potential…The total value of the Iraqi potential oil reserves at an average profit of $75 per barrel over the next 100 years is 360 billion [barrels] x $75 = $27 trillion US dollars or $900,000 per capita…

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Frank26 (KTFA)

Article:
Coordination framework:  Our next priority is to return the exchange rate to its previous era

Priority – exchange rate first!

Quote:
‘...the coordination framework is moving towards returning the dollar exchange rate to its previous rate, noting that the survival of the exchange rate is a crime against the poor.’

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Pimpy

I think if they do change the rate it’s going back to where it was before.  Right now you can get 1450 dinars for every 1 dollar and before they devalued it you used to get 1190 dinars for every dollar.  I think what they’re gonna do is…put it back to the original rate.  Now there is a couple of things that have crossed my mind that makes me go maybe they might value the dinar a little bit more than that – Iraq is no longer paying Kuwait money.  All that money now stays within Iraq

in addition to that the price of oil keeps going up.  Meaning there’s going to be a lot more revenue coming into Iraq than before.  Does that mean they could change the rate to something outrageous like a total RV or RI?  ...Not yet…[But] I’m starting to think these increments might be a little higher…with as much money as they were putting in every month to pay Kuwait and as high as oil costs are going they’re getting a nice  little chunk of money coming right back to them

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Vital Brad

Community comment  “I heard they want to change the rate before they release the budget.”  If we can see the rate in the budget – that’s a big thing that I look for each year when that budget comes out is you can look and see what the rate is so if this thing is going through we’ll be able to see it reflect in the budget.

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MarkZ

[via PDK]

On the Iraqi side they plan on having their government finished around the 7th of Feb. And the new Prime Minister by the 9th. But all my Iraq contacts state this is not a requirement for a new rate and it could go before then. The new rate was not released today as they had expected

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Kaperoni

Iraqi media again today posted an article about new government returning the exchange rate to what it was 13 month ago (not a RV as the guru’s say).  Unlikely to happen because the central bank is responsible for monetary policy.

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Clare (KTFA)

BECAUSE THE NSCN’S (New Small Currency Notes) ARE MAINLY FOR THEIR PEOPLE- THEY WILL BE EXPOSED WHEN THE RATE CHANGES OR AS FRANK [Guru Frank26] THINKS RIGHT BEFORE…THE PRIVATE BANK EDUCATION IS DONE…WE LITERALLY ARE JUST WAITING FOR THIS TO “POP”… THEY WILL NOT EXPOSE THE NSCN’s WITHOUT AN IMMINENT  RATE CHANGE– THINK ABOUT IT WHY WOULD THEYTHEY CAN’T BE USED WITHOUT A NEW RATE…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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