Dinarland Highlights – 4.17.22
[I read that Iraq may come out with a .50 cent rate.]
Don’t worry about that …It doesn’t fix their financial issues. Now I have heard that they are floating a NEER rate (Nominal Effective Exchange Rate) of $1.60…If they decide to go by themselves….the rate would be around $1.60. That is a small possibility this could happen…
“Cities of Iraq witness demonstrations calling for the speedy formation of the government“
When people are going ‘Oh man we got all kinds of money coming in Iraq. We’re going to do the rate change!’ No, No you’re not…you have to have a stable government, a stable economy and there has to be peace there not civil unrest. Until all this stuff gets squashed and we move forward with a government that’s formed, a budget that’s passed and the people are not protesting, you’re not going to see a rate change…
Yep more rate change conversation. They’re out there talking about their rate exchange again…This seems to be the talk of the town.
“Finance responses to news of its discussion to reduce the dollar exchange rate“
Before we had a lot of discussion about the rate change. That’s obviously died down a little but I think it was interesting that there was article after article talking about a rate change given the fact that oil prices we up in a big way…$150/barrel that’s supposed to be happening shortly. If the projections are correct then Iraq is going to have a lot more money than they had anticipated…which is what you want…
“Overtaking Qatar, Saudi Arabia and the UAE… Iraq is the first in terms of GDP growth and per capita“
THIS IS REALLY GREAT! IMO AND THIS IS FOR 2022… ACCORDING TO THE ARTICLE.
“don’t we need the rate before the budget passes and is opened???”
I have always had it in my mind that everything would be completed prior to the budget opening. So yes I do believe the rate should be figured into the budget prior, I just am not a fan of the theory that it will be exposed prior to the budget opening…If a new rate is figured within a said budget, I don’t see the logic of the new rate being usable prior to the said budget being opened. The budget is based off of expenditures/finances in a specific rate.I am a firm believer that the budget opening & the CBI announcement (per se), will happen at the same time…pure speculation until proven otherwise.
[Follow up to Guru Kaperoi’s ‘Discovered new dinar research document” Post 4-15-2022]
…what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP). At least two public events must happen before this currency exchange could occur. Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens. The proposed implementation is at the beginning of 2023.
This is proposed and of course it directly is related to Iraq forming a new government prior…the Central Bank of Iraq would have to accept the proposal. But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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