Dinarland Highlights for May 12, 2022

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Dinarland Highlights – 5.12.22

MilitiaMan (KTFA)

We were told there would be meetings…and apparently they have happened. The timing is all coming together and may even have been done to a degree that suggests we could see more out of the CBI sooner than thought…this meeting [Last week] with the President, Prime Minister and Council of Ministers, suggests that they have security, stability, coordination, continuity and entitlements for the citizens in mind. That would require a rate which would likely be in the 2022 budget plan…having this meeting it is very promising for us and even in the very very short term.

Article:
After its implementation in Iran … Is it possible to cancel the dollar exchange rate in Iraq?”

The reality is the Dollar is not imo going anywhere soon, it is on a tear now. It is pushing $104.02 [Dollar index $1.04?] lately…The Rial may have something a lot more valuable to trade in the short term. Yes, one that will be more valuable than the USD… Don’t forget all boats rise with the tide. And the tide is out for some, but the Tsunami called the Dinar is about to fill the gap!! …All good imo.

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Frank26 (KTFA)

Article:
Adviser to Al-Kazemi: The budget is completed, and political pressures have disrupted the approval of the new salary scale”

…WE TOLD YOU THE BUDGET WAS COMPLETED LAST WEEK…

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MarkZ

[via PDK]

…in Baghdad today they announced that they are moving the vote on the food security act…to Saturday…I think they have done this because of this…

Article:
The name of an Iraqi government bank has been removed from the international sanctions list

This is more of the dominoes coming into the line. We have also seen the independents putting up a candidate approved by all 3 voting blocks to seat the government. We hear that may be decided on Saturday as well.  Makes sense to move forward with all of them at the same time. We also have the resignations of the Kuwaiti Government. This is very interesting timing.  I think there is a whole lot lining up for an amazing weekend when you look at what’s happening in Iraq.

There was great chatter early in the day out of Iraq s they expect key votes in their Saturday Parliament session. I am still being told they have a set schedule to roll out the lower denominations. I spoke with a number of contacts who say they are being quiet today.

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Clare (KTFA)

Article:
The new Iranian ambassador to Iraq begins his duties in Baghdad”

HMMM… A NEW IRANIAN AMBASSADOR! MAYBE THAT WAS KAZEMI’S DOING!

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Godlover (KTFA)

Article:
Parliamentary Finance hosts the Minister of Water Resources regarding the Food Security Law

This article confirms imo that the government & budget approval is going to take some time to complete. The articles have made it clear that this law was created recently & was to be passed asap to bring a little better livelihood to their citizens until the monetary reforms are released…Most of the articles implied that they needed to give their citizens some relief immediately…This is one reason why I was hoping that this food security law & budget would pass together.

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docmagee94

Al-Rasheed announces the removal of his name from the international sanctions list

IMO, this announcement is the most significant we’ve had in several months.

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Pimpy

We have exchange talk again and everybody knows that’s our favorite topic to talk about – the dinar exchange rate!

Article:
After its implementation in Iran…Is it possible to cancel the dollar exchange rate in Iraq?”

…here we go somebody said exchange rate…not what you expected but it does effect what’s going on with the dinar…As more and more countries start to get away from the petro-dollar altogether…they start doing things to help strengthen their own currency.

Will this move help strengthen Iran’s currency? …That’s why I think Iraq is going to keep close attention to what happens to Iran…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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