Dinarland Highlights – 4.29.22
Parliament agreed with the Ministers to launch the ISO 20022, at a rate of $3.22 USD TO 1 IQD. The Parliament also said if this RV is not completed by the end of this month of April, 2022, then nothing can happen until the end of May…
Two articles today from Iraq… The first article is talking about deleting zeros which is a LOP. Not what we want to see happen. The second article is from an economist who wants the central bank to forget about deleting zeros and simply improve the economy allowing the currency to rise as a result. This is the best solution.
People are blown away by how much dinar I have. I don’t have as much as people think I have. I have 5 million dinars. That’s it. People are like, ‘Why don’t you have more? Don’t you have any faith in it?’ Oh, no that’s not the problem…what people are banking on is an RI or an RV and I don’t think that’s going to happen. Of course I could be wrong. I think that currency is going to go up pretty quickly though…it’s going to go up in stages is what I think. How long that’s going to take I don’t know…the average dinar holder has 250,000 dinars…
[I read that Kuwait and Iraq have agreement to be within .25 cents when they come out…from back in the Dr. Shabibi days…I think Kuwait is about $3.20 or so right now…]
Yes…they did that on purpose so they would not create instability in the region…they share a number of oil fields…Also, because of the port situation in Iraq and Kuwait… They want to be very close on currency values. So this should tell you what rate to expect for the minimum in Iraq.
… Its just very quiet and I think everyone is waiting for the “trigger”
“It was said that the CBI would give at least 10 years to exchange is that still hold true?“
WOW I NEVER HEARD THAT…I DON’T KNOW WHAT TO SAY BUT ONCE THE NEW EXCHANGE RATE AND THE CURRENCY IS RELEASED THOSE GUIDELINES WILL BE RELEASED.
“It was said that the CBI would give at least 10 years to exchange is that still hold true?”
The CBI will give you ample time IMO at least a year or more…I think they’ll give you plenty of time. That’s the least of your worries…
Trust me folks they are not going to lop. Of course they have to destroy the older three zero notes. There is way too much of them to keep for inter-banking transactions, as they said they would do after the reinstatement. I keep telling everyone that the project to delete the zeros will NOT raise the rate (no RV). The rate only changes when they re-peg the dinar to the new IMF basket and reinstate and float it...Thus, the ones we hold are going to be burned and destroyed once exchanged…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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