Dinarland Highlights for February 21, 2022

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Dinarland Highlights – 2.21.22

Mountain Goat

Article:
IRAQ’S FOREIGN RESERVES ARE A TREASURE IN A RUINED HOUSE

Ok, so we finally get the truth. This is translated to USD $91 billion. Didn’t the fake Iraqi news media just tell us earlier…it was only USD $64 billion?

...I told everyone many times this was much, much higher and they were not giving us the correct information. But now the truth is out…

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Pimpy

Tons and tons of chatter about the exchange rate…over the last two days it has been non-stop news about the Iraqi dinar exchange rate.  I know you guys are looking for an RI or an RV… What they were talking about doing in the white papers comes to find out was they wanted to bring it to 1200 dinars for every dollar which is an improvement from where it is [1450] but still worse than where we were…1190 for every dollar…From where we are right now that’s a 27.5% increase in value.  Not exactly what you wanted but still going in the right direction.  My thought is that it would go up in increments – I still feel that way.

Article:
Al-Maliki comments on the dollar crisis and directs a request to the Central Bank of Iraq

The Coordination Framework is really pressing for a rate change.  They’re really kissing butt to the poor people.  Why is that you suppose?  These are he same people who put the poor people in the poor position by stealing from the people, embezzling, smuggling money out, very corrupt…this is why Sadr is not going to include him in the government under any circumstances.  He is hell-bent on going after all of those individuals…

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MarkZ

[via PDK]

Article:
The dollar continues to decline against the dinar…the continued depreciation of the exchange rate in Baghdad

This tells us how much closer we are. The dollar continues to decline and nobody wants to let go of their dinar. This is causing issues in the markets because no one is buying and selling…no one wants to let go of their dinar because they are expecting the value to change at any moment… People from Al Kazemi’s camp are all screaming that this is the week we need to change the value of the dinar…there are massive conversations going on in Iraq right now. I am excited about what we are seeing come out of Iraq over the weekend.

lots of confusing articles from Iraq…some say no need to change the rate…many more saying they need to change the exchange rate…until it changes…expect to see conflicting articles like that…Iraqi contacts meanwhile are expecting to see a new rate sometime this week…my redemption center folks are still in an “idle” position. They have not been brought in to the centers…it has me scratching my head with these “mixed signals”…so for now there is a skeleton crew working at centers during business hours…I am still hearing great news and great chatter, but it’s all over the place. This is what we expected at the very end.

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MilitiaMan (KTFA)

Article:
After the unexpected position of the Minister of Finance, an economist expects different scenarios for the dollar crisis

Quote:
people should dispense with their “dollar” savings and transfer them to the Iraqi dinar.

…they are not selling dollars for Dinars. They are allowing sales of dollars though for dinar. All of which is a bonus to the citizens imo… They’ll make a lot more money by doing so now with the new rate and purchase power to come… imo.. If it works out this way, it is brilliant. imo

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RVAlready (TNT)

Well, tomorrow the UN should release Iraq from chapter 7. That should have a positive effect.

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Frank26 (KTFA)

Article:
Al-Hamami: The Silk Road And Al-Faw Port Are Priorities For The Next Stage

Quote:
the citizen is waiting for the fulfillment of a number of demands from the next government, especially with regard to the dollar exchange rate, which has caused great harm to the Iraqis

WE WAIT WITH GOOD COMPANY THE CITIZENS OF IRAQ”.

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RayRen98 (TNT)

INTEL STARTED FLOWING IN LATE LAST NIGHT…AWAITING UPDATES FROM MULTIPLE SOURCES  …THERE’S A LIGHT AT THE END OF THIS TUNNEL!!!  I FEEL A RATE CHANGE COMING…DIRECTLY!!!

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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