Dinarland Highlights for March 31, 2022

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Dinarland Highlights – 3.31.22

Mountain Goat

Article:
ALI ABDUL-AMIR ALLAWI, CONFIRMED, ON SATURDAY, MARCH 26, 2022, THAT THE WHITE PAPER RESTORED BALANCE TO THE IRAQI ECONOMY

yes, yes, yes, this is exactly the talk we need to hear from the finance minister at this time. It is the White Paper along with pressure from all sides that is going to get us the reinstatement of the dinar back on Forex.

Article:
“KURDISTAN REGION IS ABOUT TO ENTER THE GLOBAL ENERGY MAP IN LIGHT OF THE CHANGES TAKING PLACE IN THE REGION AND THE WORLD AT LARGE.”

Quote:
“…the Kurdistan region can provide the entire world with energy, not only Europe , stressing the quest to develop the gas and oil sector…”

I don’t know about you but for me this is HUGE….WOW!!!

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Kaperoni

The only logical and plausible way that the Iraqi dinar could go up in value would be gradually over time so that the money supply could be reduced simultaneously. A currency’s value is never random it is based on a country’s wealth and GDP…Iraq’s own economists have declared that Iraq’s entire net worth including all minerals in the ground (including oil) is only around $16 trillion dollars. Currently, Iraq has over 100 trillion dinar in circulation…The dinar appreciation has been discussed many times in Iraq including in the IMF’s Article IV Consultation of 2012.  The imf’s specifically talked about allowing the dinar to gradually appreciate over time…

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Samson (KTFA)

Article:
Disclosure of the deadline for deciding the position of the President of the Republic

Quote:
“The deadline for voting on the President of the Republic legally is the sixth of next April…in the event that Parliament fails to resolve the position…the only legal option is to implement the article 61 First of the Constitution …Article 61 includes two parts… The first is that the House of Representatives dissolves itself at a request submitted by two-thirds of its members…which is an unlikely option

The other way…is for the Prime Minister to submit a request to the President of the Republic to dissolve Parliament…the President of the Republic will issue a republican decree to dissolve Parliament without the need for a vote by the House of Representatives.  The only point of controversy in the second option is the absence of a legal text or interpretation of the authority of the caretaker government and the possibility of sending it to such a request to the President of the Republic

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MarkZ

[via PDK]

I am hopeful this will finally be “it” this week. I am hopeful Iraq will finally have a new value on the dinar before we hit the fourth on Monday. We are here at what appears to be the end…

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MilitiaMan (KTFA)

The CBI could do as they have in the past, change the rate when they are ready. They have the FM [Finance Minister ?] on board, they even have the politicians all on board based off many articles on the matter.  So, it is not like there is going to be any ‘hold on a minute.. I didn’t want purchasing power… You can’t change the rate until all of us politicians sit in our respective seats.’ lol…Security and stability and the settlement of differences has been sorted and has played out too. All imo a very good time we are in.

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Clare (KTFA)

Article:
The Iraqi government reduces the official working hours during the month of Ramadan”

IN PRINT…THEY STILL WORK DURING RAMADAN. imo

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Godlover (KTFA)

Question [In your opinion, what is next? I agree they more than likely won’t dissolve because they don’t follow any laws; imo. So once the 6th comes and goes…can they just stay in limbo?]

There is no such thing as a deadline with Iraq . What is next, is eventually they will elect the POR & PM & cabinet…period, at some point. We just wait. I would be pleasantly surprised if they elected a POR by April 6th & they very well could.

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Pimpy

Article:
“Financial Control reveals to / Magazine News/ important information regarding exchange rate”

Yes they’re still talking about it [The exchange rate]...The rumor is if they change the exchange rate that will somehow bankrupt the Central Bank?  Oil prices are higher than ever.  There’s a surplus of money coming into Iraq .  Their foreign reserves build ups so high and they’re saying a slight change to the exchange rate would somehow bankrupt the country?  That’s interesting.

Quote:
“The bankruptcy of the Iraqi Central Bank is incorrect…Bankruptcy is unlikely.”

That’s what I thought…They’re saying there’s no threat of a bankruptcy.  At the same time you can tell they have no interest in changing the exchange rate at the moment.  Again, that doesn’t mean it’s not going to happen….

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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