Dinarland Highlights – 5.26.22
“INCREASING THE CAPITAL OF THE CENTRAL BANK ENHANCES ITS BALANCED MONETARY“
“The Central Bank of Iraq announced the decision of its board of directors to increase its capital to 5 trillion dinars, an increase of 40% over its previous capital of 3 trillion dinars. 2 trillion dinars.“
we can clearly see that the devaluation of dinar to rebuild the CBI reserves was a strategic move and included in the strategy of the White Paper. Now no one can say there is not Stability and Security…
Mountain Goat did a good update [Reference Mnt Goat post 5-25-2022] and I’m glad she did because I was afraid to mention these rates… My phone has been lit up today just on the rates...I am hearing the same thing on the rate…between $6 and 6.50. That has been a dominate conversation today with most of my contacts. I am a little excited about that. But the thought of the rate coming out low and floating up makes perfect sense…so don’t panic if that’s the way it happens.
[if we got the rates now…we must be close.]
I think we are very close now…I still hear the goal is to get this done in the month of May…
I am almost afraid to tell you what they are expecting. But right now they are hearing Redemption Day…the day we will actually start redeeming is June 1st…this is what my contacts on the redemption side are hearing. Hopefully this will be accurate
…in Iraq they are still talking back and forth about when they are going to read the Food Security Bill again. It is still expected this week. I am still hearing from my banking side that our redemption day is scheduled for June 1st…My guess is the RV news will be very quiet until around Monday the 30th based on the holiday weekend… There is not a lot they need to say between now and then so believe it will be quiet.
[This has to be the calm before the storm….]
Exactly…I think that is where we are at right now.
“The Central Bank : The implementation of the terms of the White Paper revived the Iraqi economy”
“the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, confirmed the recovery of the Iraqi economy as a result of the application of the white paper.“
“Iraq’s political stalemate raising changes of Shia on Shia clashes“
It looks like it’s about to get ugly over there…I’m anticipating a civil war to be honest with you…this is what we don’t want. Hopefully a situation will be panned out…if they go to civil war [hopefully] it happens quickly and isn’t drawn out for years. As far as Iraqi dinar exchange is concerned – any change of it whatsoever not if there’s any type of armed conflict that’s for sure…that’s the cold hard truth.
“Iraq Revenues to Exceed $150 Billion“
“Parliamentary Finance Reveals A New Inquiry To The Federal Court Regarding The Food Security Law“
We can see there is a seriousness with this emergency food law. The fact that the GOI and the Finance Committees are in talks now, is very important with respect to timing...The law contains a very large financial mechanism…So large they were not given it out, until now... The vote is slated for tomorrow….The street (vulnerable) is in expectation of their constitutional entitlements that are apart of the law… Looks like show time is in close proximity..imo
[Iraq boots-on-the-ground TV report]
FIREFLY: CBI governor was meeting with the IMF and World Bank and Finance Committee on the mission review for Iraq talking about financial reforms and he talked about exchange rate.
FRANK26: It’s getting hot in here! This IMO is the culmination of all these meetings. They now have an understanding of what their mission is to accomplish.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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