Dinarland Highlights – 2.23.22
“A new drop in the dollar in Baghdad…and exchange offices: the currency market is turbulent“
Here we go…What they’re saying is the U.S. Dollar is dropping in value against the dinar…the changes are…not huge but they’re at least happening…talking about 13 dinars…I don’t expect the US dollar to fall overnight although it’s very possible but it is going to gradually go down…what they’re trying to say here is the rumors that are floating around is that the dollar is losing its value against the dinar and a new rate change is going to be announced...
People don’t know the difference between and RI and an RV…When we are talking RI we are talking about a reinstatement – to restore someone or something to their former position or condition. So to put back to where it was. When you talk about an RI that means whatever the rate was before the program rate. I believe it was $3.22…this is what everybody is hoping and waiting for right here – the RI. The RV is a little bit different…
RV/revlue – assess the value of something again. Adjust the value of a currency in relation to other currencies. So a revaluation is just changing the value of the currency. That’s all it is…anytime they change the value of the dinar.
[Iraq announces its exit from Chapter VII procedures]
Great news!!! This ends US direct control of the RV. However, US still holds controlling vote in the IMF.
“The Minister of Foreign Affairs announces Iraq’s exit from Chapter VII procedures“
“Iraq is no longer required to pay any additional sums of money in the future or deal with Chapter VII procedures.“
“After exiting the seventh chapter… Al-Kazemi tweets: A new beginning for Iraq to restore its role and presence”
Al-Kazemi said in a tweet, “Iraq has crowned its efforts on the path of normal relations with its neighbors, brothers and the international community by closing the file of UN resolutions that resulted from the absurd adventures of the former regime, and for which our people paid harsh prices for 32 years.”
“Legal expert: Iraq’s exit from Chapter VII of the Charter of the United Nations is a good sign“
“The Security Council voted unanimously to remove Iraq from Chapter VII of the United Nations Charter after 23 years of political isolation and lack of sovereignty that came against the background and practices of the former regime…“
“What does Iraq’s exit from “Article VII” sanctions mean?”
“… Iraq’s exit from Chapter VII will restore its legal status in the international community…“
Walkingstick and Frank26 (KTFA)
We believe that what Mustafa did yesterday, when he yelled at the GOI/parliament, we believe that was part of a deflection of any speculation in either direction – negative or positive. ‘It’s not happening.’ I can prove it’s happening. Only pay attention to Mustafa and Kazemi.
What we know is Iraq is out of Chapter 7 sanctions…they need to sit their government so they can raise the value of their currency. Looking like early March, but it could be sooner. This is based on what we are seeing in the real world…its encouraging that they are very public about coming out of chapter 7 and change their currency values. These articles are tangible…something we can see…we can see they are going to change the value of their currency.
Today has been one of the best news days…something lit up all the contacts this afternoon. Because I am hearing good stuff from every direction right now. I am so excited with all the news coming in this afternoon. Redemption folks working this weekend…bond folks are beyond ecstatic tonight…everything is suddenly lining up in a positive way…It has been a very exciting afternoon…
[Iraq boots-on-the-ground TV report]
FIREFLY: Sadr’s putting pressure on the CBI and the Finance Minister saying get it done. They’re saying that we need this new exchange rate to get our economic reforms from white papers completed…
FRANK: Monetary reform then the economic reform…everybody knows it’s coming but the problem is that it’s parliament…just sit the new government down and they will give you the new exchange rate.
…So Iraq apparently had their meeting today at the United Nations Security Council. Iraq upon completion of payments to Kuwait now is officially out of UN Chapter 7. Though this is excellent news, it has nothing to do with Iraq ‘s exchange rate.
“Currency Revaluation: Historical examples”
In this article we learned more recent currency revalued that have created wealth for investors…
“The one thing that is clear about currency revaluations or devaluations, is that they don’t come with prior warning. They just happen, catching most people unaware. Central Banks and the international powers at play cannot share any information prior to an even happening, or it would undermine the economic impact”
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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