Dinarland Highlights for April 7, 2022

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Dinarland Highlights – 4.7.22

MarkZ

[I heard Iraq hasn’t set the rate because there are some officials that don’t want to see Americans get wealthy.]

There has been an ongoing problem with that from day oneIs it going to keep them from changing the rate? No. Will they revalue the dinar a little lower and let if float?  Possibly. Remember that if they do not change the rate- they will not get prosperity. Don’t worry about that.

News from Iraq is all over the board. Some articles saying we are at any minute…other articles say it will be many weeks…That was to be expected…it happened that way with Kuwait. We saw the same thing with China before they had an RV. We saw the same thing in Germany after world war 2.

Article:
A legal expert reveals a surprise: The caretaker government in Iraq can send the budget to Parliament

What we are getting from Iraq and a financial expert….is the caretaker government can send the budget to parliament…How this works is when they had a real constitutionally set government that had approved this budget…This was before elections and all this caretaker government stuff… In that budget they had approved the numbers and even approved the rate… So they are saying they can go ahead and implement the budget now with no need to wait…We are hearing they may send it tomorrow, over the weekend or early next week…

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Godlover (KTFA)

Article:
Iraq is awaiting a decision from the Federal Supreme Court regarding the constitutional vacuum

Quote:
The Federal Court is awaiting the political consensus between the conflicting blocs to find an agreement after the month of Ramadan to form the next government and choose the President of the Republic.

Yep…Because Ramadan is very sacred to them & they do little to nothing during that holiday.

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Pimpy

Article:
The deadline for choosing the President of the Republic and expectations or the intervention of the Federal Court

Today was a deadline and there’s no president.  They can’t get a quorum going.  I was wondering what the courts are going to be able to do – It looks like we’re going to find our here pretty soon.  But yeah you have to have a stable government, stable economy…outside investors, foreign investors who are interested to go into your country to invest in it.  All these things are taken in consideration [for a new exchange rate].  We’re getting there but not as quickly as a lot of us would like…

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Nader From The Mid East

They can’t even vote for president…come on….The real thing is in July.  If July, nothing happened, nothing is going to happen.  So be patient.  Hang in there and we’ll see what’s going on.

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Kaperoni

The concept or idea of a significant RV of the Iraqi dinar goes against every principle of monetary policy. There is no chance the central bank would ever significantly RV the Iraqi dinar. Central banks in general make money off the buy/sell of their currency. If the dinar was ever going to go up in value the central bank would do it gradually so they could make commissions off the buy and sell as it appreciates.

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Mountain Goat

The currency windows are now counterproductive to Iraq and is the problem not the solution. We all need to realize this and the Central Bank of Iraq does already realize this too. So, this gives us assurances that we are close and this reinstatement, our real goal, is close at hand.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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