Dinarland Highlights – 3.11.22
When people ask me what is different now…then before…We have never had articles about the exchange rate like we have now…Or UN filed statements and documentation that they have met all of their obligations now to reinstate their currency…or news clips from Kuwait stating Iraq has finished all of their payments. …it is so much different now than it has ever been in the past. So for all of those saying its groundhog day and nothing is changing…just look…there is so much changing. It has changed dramatically.
In Iraq they are still looking for between now and the 20th to have their government sat…and the NEER rate (Nominal Effective Exchange Rate)…Redemption center folks, as of this morning are still being told they are working this weekend...I absolutely believe the RV has started. It just has not trickled down to us yet.
…in Iraq today the conversations are about seating the government on Monday and a reinstatement of the rate... So everything still appears to be moving forward…I am being told the NEER (Nominal Effective Exchange Rate) rate is for in country. ($1-$1.50) and is still in the works…so that is great news for us. It may be forcing the culmination of this event.
…The news about the Iraqi dinar is still all about changing the exchange rate...they know they have to complete the project to delete the zeros and reinstate the dinar back to the global currency exchanges and let the market drive it.
…I will tell you when they do…the money shall flow into Iraq…the IMF just had a briefing with the government of Iraq and told them what they still needed to do. They need to back their currency or it may flop when they do reinstate it.
…I still want to emphasize that the rate is being artificially suppressed as the value has been in the currency all along. Just the oil revenues alone can sustain at least a $3+ rate…
“Communications participates in the workshop on Iraq’s accession to the World Trade Organization“
The need for a reset to the exchange rate will come prior to ascension…This is not the first we have heard of this. This the final workshop? We shall see.. imo Likely it is… imo.
Kazemi and Mustafa they get with the IMF and they say…the face value of the IQD will be on par with the face value of 1 to 1 unless oil says differently…
“Did the 2021 passed budget ever get opened?”
yes it was opened. They are currently using the 1/12 system. Basically going month to month off of the previous years budget, until the 2022 budget is passed & opened.
We know that 55 trillion dinars were printed. If 55 trillion were still around, there’s no way you could do a rate change because even for a dollar Iraq doesn’t have 55 trillion dollars…what you needed to do was somehow-someway reduce the amount of currency that was in circulation. We know that happened. The rumor is 72% of the currency has been destroyed…if 72% of the 55 trillion was truly destroyed they’re still sitting at somewhere around 13 trillion dollars. That’s still a lot.
Like I said before a lot of countries are holding the Iraqi dinar in its reserves. What I really want to know is how many of those dollars are in the hands of the public because it could be a number that’s low enough that they could afford a rate change.
Walkingstick and Frank26 (KTFA)
The CBI governor is a figurehead…nothing more. He has no authority. He has no power. He’s actually a ‘yes man’. He pushes buttons once he’s told what to do…the governor pulls the trigger when he is told to…in control but not the authority of the actions of the CBI. When the governor of the CBI speaks it’s with the knowing and the permission and the authority of the board of directors of the CBI…this thing is on course like a guided missile.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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