Dinarland Highlights – 5.25.22
I am getting information both from Iraq and from the US Treasury indicating that the formation of the new government is close at hand and will be announced soon. The rate of the dinar in the system is now over $6 however I am having a difficult time grasping my arms around this rate. I can not believe they would actually start at this rate. It…will probably come out at around $3+ or maybe low $4. But this is just my observance of studying this situation for over 17 years now.
“Parliamentary movement to pass the retirement and social security law“
Now this is an interesting article. One would think that the 2022 budget would be needed for the retirement & SS laws to be implemented. With that said, we know from numerous articles that the food security law has a budget with it (hence “synonymous” with the general budget).
Would they use the food security law & budget for the retirement & SS law? Time will tell. I am still hopeful they bypass the “filler” (temporary) food security law & just focus on implementing the 2022 budget after the completion & announcement of the new government.
Very quiet on the RV front overnight. Bankers seem to be in a holding pattern. It is painfully quiet... I think we are just waiting for a “trigger” event...
[Do you think we still could go in the month of May?]
I still do believe that…
[Mark, what is your thought that it could go as an RI first then the next day or shortly after it goes to the RV?]
I don’t think so…. I think they would have to float it if they did something around those lines. With the move to Basel banking … I believe they limit swings in currency to 20% a year…so I would assume if they go with the NEER rate –it could go from $1.60 to about $1.92 in the first year…then the next year it could possibly go to $2.40…ect…this makes the most sense to me…
[Iraq boots-on-the-ground report]
FIREFLY: Iraq made more off auctions last week. A good sign to the strength of the dinar. Oil and Gas Law being presented this week… FRANK: Many of the instruments used to give you purchasing power are being shown to you. The very last things will be a new exchange rate and the new small category notes…the are also showing you the HCL…money is pouring into your country and then will pour into your hands.
“Finance Minister: Cash reserves will reach more than 90 billion dollars by the end of 2022“
“Iraq is approaching a record cash reserve…“
Bruce (The Big Call)
…We had 2 very high up – as high as you can get – in the Treasury – ok – and the person helping him – to get this blessing out to us said that – he really did not see anything else that would be in the way for us to start…
…we should prepare for any time this week all the way up to the first couple days of June…
Oil prices have nothing to do with the price of the dinar, the price of the dinar is based on the amount of currency in circulation and GDP. Iraq currently has over 100 trillion dinar in circulation.
This man is about to make a power move...tactics that…made me chuckle…because it’s his way of sticking up the middle finger to…those who are supporting Iran…
“Iraq : Sadr bets on keeping PM Kadhimi and using political limbo to edge out rival”
This is the Prime Minister Sadr wants…you see what he’s doing. ‘Fine, if they don’t want to go into parliament and vote on the president and the Prime Minister, no problem, we’ll just keep the ones that are there.’
Which is the ones they want in there anyways…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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