Dinarland Highlights – 3.17.22
“Al-Halbousi announces the date of the presidential election session“
“It was decided to set Saturday, March 26, as the date for the parliament session to elect the president of the republic.”
...It’s getting closer not getting farther away. When we take a look at oil prices…and when we take a look at the fact that Kuwait has been paid off, when we take a look at that now the competition that we were having inside of Iraq for, ‘Gee, do we lean toward Russia? Lean toward China? Lean toward the U.S.?’ Well duh! That’s taken care of. Everything is aligning itself to the point to yes things are moving forward…
“I think they will change the rate because they want to. I’m very practical.“
I don’t think they can just change it just because they want to. There’s a lot of other factors involved. So be a lot more practical…I don’t think there’s an issue at the moment other than the fact that it appears that Al-Kazemi’s administration wanted to make absolutely sure that they fixed the wrongs of the past and get Iraq back on track…
[Mark what do you mean when you say bank screens are showing $4 for dong?]
Bank screens on different currencies…Even though rates are locked, values fluctuate…I have 2 different bankers that have told me they are seeing $4 rates…this could just be a place holder. Most bankers believe the rate will be around $2.25 to $2.30.
What has been worrying me for a while is, yes they have been talking about the exchange rate a lot, only they are talking about the previous rate. The Kurds, oil & gas law & maybe one or two other issues I see needs to be resolved…I am just not seeing anything clear cut for what we seek, it is the opposite. Furthermore the government formation which is needed, is still going to take some time. As I had stated prior many times, the WP is not only economic reforms, but government reforms & the later comes first. I had hoped government reforms aka new government seatings would happen quickly, but reality is setting in.
Iraq is going to benefit from this [Russian situation] in more ways than one. We are going to cut Russian oil off and these countries that were buying oil are going to spool up. They are going to be making even more money.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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