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Dinarland Highlights – 5.1.22
Mountain Goat
Article:
“ALLIANCE FOR THE PEOPLE ANNOUNCES THE SUBMISSION OF A REQUEST TO HOLD A SESSION FOR THE ELECTION OF THE PRESIDENT OF THE REPUBLIC“
Quote:
“…includes collecting signatures to hold a session on Saturday, May 7th the next step is to come up with a political solution to complete the parliamentary committees and pass the budget law….”
Wow!!!! I did not know they wanted to also pass the budget law on May 7th as well and vote on the new president. This is a BIG day for Iraq.
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Walkingstick (KTFA)
Question:
“Wouldn’t it make more sense for them to come out at $3 or $4 to 1 right off the bat instead of a $1.50 or $2.00 since their economy is way better than it’s been since 1970?“
Well no because you have to factor in the REER [Real effective exchange rate]…
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Pimpy
Question:
“If the price of goods [inside Iraq] are technically the same after the revalue there really is no benefit to anyone [Iraqi people]?“
Whoever owns the store, whoever owns the goods…they should have made the adjustment. They [the prices] shouldn’t stay the same. That’s where people in country are gonna notice a huge change in value. When your cost of goods, services and supplies change…especially one in which your purchasing power increased by 4069%…
If the dinar is at $1 for 1450 dinars buys you let’s say…an apple, then all of a sudden the value of the dinar changes to $3.22 cents USD…the apple should not still be 1450 dinars…it would probably be .25 dinar or something like that…
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MarkZ
[via PDK]
Getting a lot of chatter out of Iraq…some important ones…they are talking May 7th they are going to seat the new president. And Al Kazemis advisor announces the ministry of finances completion of the 2022 budget. That is a big one. The technical advisor to the Prime Minister announced on Saturday evening the completion of the federal budget for the year 2022…The food security law is not a substitute for the budget…in other words they are moving forward with the full budget because they need to address runaway inflation and tripling of food costs. This is big guys… then we see…
“Al Kazemis advisors set conditions for deposit of the financial surplus in a sovereign fund.”
In other words if they don’t have things set up for the 7th …they are going to put all this surplus in a special fund so they can address poverty. They are really moving forward right now. So on the 7th of May…looks like a lot of big things happening. Looks like we will have a President and a budget. Buckle up kids…It’s getting fun.
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Kaperoni
Current Prime Minister Al-Kazemi said yesterday when asked about the exchange rate of the dinar…
“We do not have the magic wand to change reality in one fell swoop, but we have laid the foundations of normal life.“
That should be enough to tell people there is no RV!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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