Dinarland Highlights – 5.9.22
“Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching“
A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements…These items have serious implications for the future. They are working like a government that has the people on their agenda.
Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next…The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo
In my view this one has rate implications. The emergency food support bill is what many countries deem as security issues and interestingly enough, there is a food law being talked about in Iraq and even the UST has talked of this topic too. If this is the same thing, there is a rate to be had with it or behind it. We have heard that food security is important and a security issue and a reason the Federal Court Ruled that the present Caretaker Government can get things passed if need be for the benefit of the people, therefore, they will need to secure it with purchase power., i.e., a new exchange rate.
It always feels like we’re right on the edge of getting there. It looks like things are going in the right direction and then there’s always these little hurdles but at at least they’re not going two steps forward and ten steps back like they used to. Now it’s more like they’re going two steps forward and a half step back every now and then. Still looking good but dealing with a lot of B.S…Iraq is teetering right there at the doorstep. They really are...
I am hoping this is our “Boom Week”. I am hearing there will be big meetings on Wed in Iraq with the finance minister and CBI and IMF representatives.
…good articles out of Iraq today.
“Financial advisor to the Prime Minister: Financial abundance is a historic opportunity for Iraq.”
They even talked in depth about how it will cost them .6 cents per bill to delete the zeros or printing and replacing the physical notes…but they added that this will not increase purchasing power. That is one of their key issues. So now that they are ISO compliant and can be international….it is time to do both….increase the purchasing power and delete the zeros. This is conversation over the weekend on Iraqi television. Time to get this abundance to the people …I think this is positive stuff.
If we would like to see the Iraqi dinar go up in value (which I think we all would like), our best bet is for them to build a private sector market economy and allow it to grow over time. Such an event would allow the exchange rate of the dinar to also gradually appreciate.
Is the ISO what pulls the trigger to the monetary reform…NSCN and new exchange rate…? No. But it is a necessary platform to…go international. Then what is going to…[pull the triger]? I’ve told you, ‘Show me a seated government…’
“Do you think the rate will float to hit its maximum within say 6 to 8 months?”
No way, it’s still a developing country. It could take a couple years.
[Response to Militia man post below]
This food security law you speak of is certainly not a good thing if it does not come with the general budget.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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