Dinarland Highlights – 3.2.22
“AL-ABADI AND ALLAWI CALL FOR THE ADOPTION OF A REFORM STRATEGY TO CROSS THE NEXT STAGE“
What do you think the “next stage” needs to kick it off?
…It needs the dinar to be reinstated…
[Any updates on the Vietnamese dong.]
It’s still expected to go the same time as the dinar.
We are still in a holding pattern…waiting for the rate change out of Iraq. Last night we shared an Iraqi article where the Parliament told the finance minister to have a new rate within a week. Another article today is the international Monetary fund is telling Iraq to do something with their rate. Something realistic that doesn’t cause unrest in the markets. In other words…. High enough to make a difference but not high enough to mess with the markets… So it appears Iraq is pushing towards a new rate within one week from yesterday.
Iraq is still saying it will be a week. From their parliament they expect a stable improved rate within that time. There has been zero negative news.
There is still more talk about the exchange rate. I thought they had this thing settled but apparently not…
“Al-Kazemi’s advisor: The state’s loss will be great by adjusting the exchange rate“
Here’s the issue. The poor people were affected when their currency was devalued. That means it cost them more dinars to get the same items they need just to survive. Now you have inflation happening…as inflation increases that’s called the hidden tax…purchasing power continues to be reduced, again affects the poor people. The only way you can tackle inflation is you have to raise the interest rates and if you raise the interest rates it will affect the poor people…So how do you fix that? The only thing they got left is to increase their purchasing power…JMO
You can’t expect them to change the rate right now, the government hasn’t been formed. Remember the Central Bank of Iraq …can make the recommendations. Parliament can vote on it and then the rate change is announced…there are a lot of good things happening right now over there for Iraq …
I usually have a critical view when statements are made about them wanting to change the Dinar back to the 2003 rate, because all the articles seem to point in the direction of the 2020 rate. Which, according to me, they actually still do. I know they use terms like “previous era”, but I still didn’t see a single article clearly pointing in that direction…However, also IMO, I must admit that I see a situation that gives me more hope: the fact that there seems to be sooooo many articles coming out about this. A lot more than when they lowered the value of the Dinar. It really feels like something good is in the air! IMO
“The Minister of Finance resolves the controversy over changing the dollar exchange rate“
One of many reasons I do not think the NSCN’s [Lower denomination notes] training happened yet. They would not train on something that hadn’t even been printed yet imo. Furthermore, with all the trouble of them forming the next government, is yet another reason. These articles have proven way more accurate than not over the years.
Bruce (The Big Call)
…on Monday …Iraq was to do their thing with their new rate and seating their government…and basically getting Iraq out of the way so everything can go…the day they were to have it done – we were on a black-out from Iraq …no more communication from Iraq…and the reason is – because they did not want the rate to come out before we were getting ready to exchange because they did not want people buying up the very last of the dinar that they could find…we found out today (Tuesday) that there still under a black-out…we think they did do what they were supposed to do…So this thing is going to go – you know darn well Iraq has been ready for a long time…
“The International Monetary Fund warned Iraq of the “fragility” of its economic recovery.”
…IMO… WHY IS THE IMF TALKING TO THEM ABOUT THE EXCHANGE RATE???? WHY NOW????…
“in addition to the support of the International Monetary Fund, to change the price at a reasonable rate.”
WHY DISCUSS THE EXCHANGE RATE IF NO NEW RATE IS FORTHCOMING?
Maliki, Sadr, Kazemi, The Minister of Finance Allawi, They’re all talking about the same thing – the new exchange rate. They are shoulder to shoulder. They are standing in unison although parliament wants to say they are in charge of it and that’s what’s causing the delay right now. But while we have the wait, we have the barrel of oil climbing. And what does that do for you? You have to know when to hold’em and when to fold’em…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2021 Dinar Chronicles