Dinarland Highlights – 3.4.22
Obviously, it looks like our January window is gone. Remember the rate we are looking for is NOT in the 2022 budget…We do know the IQD rate is being suppressed. There is a plan already laid out as to how they will conduct the project to delete the zeros. We also know that if this country of Iraq is ever to move ahead with the reforms they note in the “White Paper” they do clearly include the move back to FOREX…Remember also there is lots going on that we do not know about nor see. Actually the state of Iraq is much, much better than we read from the articles.
Based on my research and using a little bit of critical thinking – common sense kicks in, it tells me I don’t think Iraq’s in any position to do a 100% reinstatement. I think most likely it’ll go up in increments. But also I’ve noticed in articles recently that the language that they’re using and the fuss that they’re making it really does give a slight impression that they’re at least talking about the reinstatement. The truth of the matter is we don’t know until they actually do it.
“What are the legal ways to lower the dollar price again?”
Here’s the thing – the Iraq government cannot lower the rate. It has to be done by the governor of the bank. But they certainly are putting a lot of pressure on him. So what happens is they can come up with the agreement…he makes a recommendation, he either goes down with the current rate or he makes a recommendation. Then it gets voted on.
“The governor of the central bank may propose to change the dollar exchange rate and present it to parliament…if the vote receives an absolute majority…the change will be approved…”
“Brent crude price exceeds $119 per barrel“
Oil will reach $120 and then…$150 IS NEXT BY THE END OF THE MONTH …This is all part of the float of the Iraqi dinar…IMO…
Still many articles coming out of Iraq talking about changing the value of the dinar…demanding a return of the exchange rate. 2 or 3 days ago Parliament gave the finance minister 1 week to get it done…so the CBI is being leaned on right now.
Ramadan April 1st to April 30th imo. Then Eid imo. It’s beginning to be crunch time for government formation, budget approval ect.
“Kurdistan Regional Government rejects the decision of the Iraqi Federal Court”
The most disturbing news coming out of Iraq is the official response form the Kurdistan region on Iraq’s federal court’s decision that the oil industry in the Kurdistan region is unconstitutional…there are dozens and dozens of articles on this subject…observers say this is another war brewing in the background…what does all this have to do with the Iraqi dinar as a currency? It’s hard to imagine the currency increasing in value against the U.S. dollar when the country is split politically and literally physically…
Bruce (The Big Call)
The latest information we have from the lead bank – they did a conference call at the treasury…it suggested that those of us here in tier 4B the internet group would be notified by Monday or Tuesday morning but more than likely go Tuesday – it’s a possibility that we would start on Monday – depending on when the numbers came out – very slight chance we get them Sunday night…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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