Dinarland Highlights for April 23, 2022

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Dinarland Highlights – 4.23.22

MilitiaMan (KTFA)

the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item.”

This reeks of the HCL.. imo … FOOD SECURITY… Comes PURCHASE POWER… They are using the FOOD SECURITY as a cover, imo..

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MarkZ

[via PDK]

We were told that at the end there would be a tremendous amount of smoke intermittent with silence to keep us cloudy and confused. That seems to be exactly what we are getting. I think it may stay quiet until we get notices of the RV. Then it will go from zero to 120…just like that…

Article:
Iraq exceeds the Arab countries in the growth rate – IMF: GDP will reach 9.5%

9.5 % is their golden egg…I think they are ready for their currency change. Positive news coming out of Iraq.

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Mountain Goat

We can already see…al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes our RV.

we have many…articles, from the CBI itself confirming how rich Iraq really is and so why is the dinar not yet reinstated. The country under Dr Shabibi kept the dinar at 1166 for ten years and was ready to reinstate it in 2013. It is now 2022 8.5 years later and so why has the reinstatement on FOREX been delayed so long when they were ready in 2013?

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Godlover (KTFA)

Community Comment:
From the articles it looks as if all we need is the government. Hopefully Iraq announces very soon that Kazemi…will stay in power so we can move on

I pray this to be true.  I do however have some concerns…if Kazemi gets another year will this be the government that releases what we all seek.  Another concern is the new food security law…articles seem to imply that the food security law has a mini budget that will be passed prior to the budget passing. As if to give their citizens immediate relief until the budget can get passed.

I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell me they expect the general budget not to pass for some time. Side note: I do however expect this new law will coexist with the general budget once passed.

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Pimpy

Article:
“The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014”

Quote:
the foreign reserves of the bank exceeds $70 Billion and a large number that the bank has not seen for years…”

Actually decades

“Iraq currency possesses an excellent amount of gold as well…”

Not to mention they have so much gold over there in the Tigris River that’s sitting on the top that could be getting mined…

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Kaperoni

…yesterday the Minister of Finance Ali Allawi stated in his speech at the spring meetings of the International Monetary Fund and World Bank in Washington , DC that Iraq needs help to diversify, to change from a rentier economy to a diversified economy.  This is the plan. Iraq needs to diversify away from oil to create a private sector. Only with the success of that diversified economy can the dinar go up in value. It will not happen overnight.

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Walkingstick (KTFA)

Question:
“Could the new small category notes  already be introduced to the banks in preparation to be distributed when the rate goes up?”

No.  The currency is there in the CBI but not in the banks…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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