Dinarland Highlights – 2.4.22
“The Federal Court rejects the appeal of the coordination framework regarding the largest parliamentary bloc.“
[What does this mean to us]
IT MEANS THAT SADR CAN NOW MOVE FORWARD WITH HIS PLAN UNINHIBITED.
…prior to 1990 they [Iraq] were a rentier oil economy and pumped only 1/3 of the oil… They also did not have the agricultural lands developed and certainly did not have the gold reserves or the high CBI reserves. They also did not have an offer for to join the “silk road” from China and become a major player in the world’s international economy, serving the entire middle east too. However the Iraqi dinar had a rate of around US $3 on FOREX back then…
…The “silk road” is huge if they decide to go ahead with it, which I believe they will and almost have to…There is still lots of hope that the reinstatement can happen shortly and I would put my money on the decision to accept China’s multi-billion dollar deal to restructure their economy and rebuilt Iraq as the pivot point to the reinstatement. Let us see what happens shortly here after this government is formed. I do not think much will happen until this is at least accomplished…
I just got off the phone with Mr. Cottrell [Guru Mike Cottrell] and he is hearing some very good stuff. He is hopeful that this coming week we will be there!… He has not entered the codes yet…he is pretty excited. The news coming out of Iraq has been very steady this week. They are expecting it to happen somewhere around the 8th or 9th or within days thereof for the release of the new rate.
I am still hearing positive things out of Iraq…From Redemption Centers…my contacts this afternoon said their core leadership …the supervisor/management side of this will be working tomorrow for at least a few hours…and everyone will be on call all weekend just in case. I think that is a positive sign we are close.
Kuwait – when they revalued their currency they went back up not 1 to 1, they went back up to their previous rate where it got devalued at. So if that’s the case then Iraq’s dinar would go up to $3.22. But a dollar might be possible. I would take a dollar for sure.
“Nechirvan Bargain, Al-Halbousi and Al-Adhari meet with Al-Amiri“
“Sadr stuck to his position calling for the formation of a national majority government stressing this excludes the leader of the State of Law coalition Maliki“
It looks like we’re going to be able to move forward finally and start forming the government…
the Central Bank of Iraq Governor today came out and said they’ll be no change in the exchange rate and that he is in sole control over it. Of course we knew this because it will remain weak until they create a private sector economy.
Bruce (The Big Call)
…we did get word that Iraq will…have their government basically seated – their Parliament seated – President and Prime Minister good to go…the announcement of that government is forthcoming in the next few days – I think…with that would be the rate change they would want to be seen on their golden dinar in and throughout Iraq and the Middle East…I have been told by Iraqi that our contacts that they don’t even want the Iraqi’s to know exactly when this is going to happen…
…So is this set up as a weekend event? Maybe – could very well be – remember Iraqis themselves are seeing on big screen TV’s and this was yesterday I got this – that they would have their new government seated and their new rates put out within 72 hours – We know that everything has been done forever and a day – but we also know that we want that rate to be seen not only here but in the Middle East – and I think we’re going to be in great shape – don’t worry about the rates – they are superb...
I am hearing from a number of places that everything is ready to go…there were some minor technical issues that have delayed it recently dealing with large amounts…putting huge transactions through new systems…and needed some fine tuning…again I hear it could happen at any time… will it happen this weekend?…we just don’t know.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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