Dinarland Highlights – 5.17.22
[Will there be state taxes on the RV?]
I don’t believe there will be any State taxes on the RV…i may be wrong…so best to be prepared just in case.
[what is the first reading of the food security law which is scheduled for tomorrow. Is that a Vote?]
It could be a vote…we don’t know at this time. They are expected to read it and possibly approve it if there are no changes made. We are also hearing they are to present several candidates to set their government tomorrow. So we expect tomorrow to be a big day in Iraqi politics.
…the first reading of the Food Security law has happened. They will read a bill 3 times and it is already receiving overwhelming support. The second reading is tomorrow. I do not know how quickly we will get a third reading. When the last reading is done and passed…contacts in Iraq tell me that is when we will get the new rate…This is what I am told from people that work inside Iraq and involved with the Finance Ministry. This is fantastic news…
Community comment “Oil has nothing to do with Iraq’s revalue, float or whatever they’re going to do.”
…This could not be further from the truth…a county’s finances has everything to do with the foreign exchange rate thus we talk about Iraq’s huge oil revenue and how they are adding to their streams of income. It looks like Iraq’s income is about to become even larger…
...in 2011 the plan was laid out in an article by the CBI. So far they have stuck to this plan. We have seen all the necessary banking reforms, the completion of payment of war debt to Kuwait and all the necessary ties into the international investment arena so that the dinar could be used internationally.
Why would they bother to do all this if they were not going to reinstate the dinar and trade the dinar internationally? …This reinstatement is coming as there is just too many past events that paved the way to it already to doubt…This is the perfect time for the reinstatement of the dinar.
Let’s review again the criteria necessary to change the exchange rate. You have to have a stable government. Do we have one? No. The other one is you have to have a safe and stable country. Does Iraq have a safe and stable country? Well they’re launching missiles – I’m gonna go out on a limb and say no they don’t. Will all the fighting with political members and people launching missiles at one another it makes it really hard to change the exchange rate. You have to have a country outside investors feel comfortable and safe about investing into.
“The Iraqi parliament sets tomorrow, Wednesday, the first reading of the Food Security Law“
…There is no exchange in Reno. The only exchanges that have talked about in Reno were scams and people lost their funds.
…standing by for notifications and is hearing this is our week…
As for when it will happen is always a question in many peoples minds…The whole process is unique…We can see that by the likes of the WB, the IMF, the AMF, the G7, G20+, WTO, AYSCUDA, BUNA, CRS2, ISO20022 digital platforms and or systems, etc.. Interlinking all those entities while trying to sort a convoluted process of seating the government to have credibility is directly in the forefront today. They’ll all need that to have the confidence needed for investors to have security and stability.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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