Dinarland Highlights – 6.1.22
I am told that if Iraq settles for the NEER (Nominal effective exchange rate) instead of a full reinstatement of value and decides to pull the trigger without the rest of the world… if they go with the low rate of $1.60…and let it float …I was told Vietnam would do the same thing….and release the dong at a .30 cent rate and let it float. They are both very much expected to quickly float to reinstatement values …Iraq in the mid $3’s to $4 and Vietnam to float to the low $2 range.
I think Iraq is ready…Everyone is sitting in place and waiting for that switch to be flipped on…The banking side is in meetings this morning waiting on updates… Banks still feel we are at “any moment”.
WOW! The news is not what we expected by now. It has been 7 months already since the elections were held. These politicians just can not agree on how this new Iraqi government will be formed. But we must ask our selves why…It is because Al-Sadr is stepping up his game… We know that he attempting to change the process to a “government by majority” and not a simple “quota system”… Iraq could never be a free and sovereign nation with this old, corrupt system of elections. It must be changed over…
Meetings that occurred on this past Wednesday and Thursday…there was talk about the new small category notes…the showing of it. They were talking about the denominations. So far we’ve always thought that there was going to be 7 new denominations…we only know of 6 denominations of the new small category notes. IMO there was no need to elaborate on the new small category notes at this meeting…they already had agreements on the new small category notes…
“Al-Jabri informs the religious references in Najaf about the file of food security and high prices globally and locally“
Absolutely is a big deal. They have the reserves and in my view it is well over 90 billion they have suggested which is far more than needed to expose the new exchange rate. The Food Security Law and 2022 Budget Law are synonymous and yes they both need the rate just as the Oil and Gas Law..
here are my thoughts on why we have not yet seen this blessing. Iraq is NOT ready imo…Many theories the government is formed, just not announced. This theory is fine, only, they do not HAVE a new government until it is OFFICIAL…I do not believe they have a “hiding” government.
The current government is working as a caretaker government, or however one chooses to label them. The reality per endless articles is, they have limited power & cannot send the 2022 budget to parliament. Per articles this may change, but at this point it is only talk.
1.) Will the “Food Security Law” create “Purchasing Power” for citizens?
2.) Will the rate change occur once the F.S.L. is voted on and passed?
3.) Do we have to wait for the Oil & Gas Law to see a new exchange rate?
4.) Do we have to wait until the 2022 Budget is open to see the reinstatement of the Dinar?
5.) Do we have to wait for the formation of the GOI in order to see the release of the new small category notes?
6.) Do we have to wait until the ATM machines are set up locally/Internationally in order to see the rate on the Forex Market?
7.) Is Iraq waiting for the Gold Standard so they can peg the Dinar to precious metals?
These are the lingering questions that some ponder…How close are we really? The summer is now upon us as the saga of the Iraqi Dinar continues. What will be in store for us this coming June?
“Al-Kazemi: Iraq has become one of the most important countries in the Middle East in terms of economic growth”
...Yes that’s what you want to hear if you’re invested in their dinar. But what good is it if you can’t get the government to get formed and you can’t stabilize the government and you can’t stabilize the economy…the only thing holding Iraq back is Iraq . That’s it…
Nader From The Mid East
The only people who can make a decision on the reinstatement is the CBI. It’s not the government. It’s not parliament. It’s not Al-Kazemi. It’s not nobody. The CBI have to decide. The CBI make decision. The CBI will send their ideas and their statement to the parliament and they’ll go, ‘Okay, we’re doing this and we’re going to do it.’ Nobody is going to stop them from doing it if they want to do it. So we wait for the CBI.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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