Dinarland Highlights – 6.3.22
I will be contacting the CBI soon to get an update on the project to delete the zeros… How will this next chess move begin? …I believe it will be announcements made to turn in the older, larger three zero notes and a deadline will be given. After that date the banks will no longer accept them. How long will they have I do not know. The rate will be 1:1 and…this does not mean 1:1 meaning one dinar to one dollar… it simply means the current rate of the dinar under the program rate will be the same rate assigned to the newer lower denominations when they come out.
…Technically there is not going to be any revaluation in Iraq. Get it? It is not until you take the older thee zero dinar notes after the dinar is reinstated on FOREX at the rate we are all looking for in exchange for our currency the US dollar, Euro, Canadian dollar, etc, etc, that a significant increase in value is realized… Now we wait for the next step. How will this next chess move begin?
I am not even interested in the budget anymore. Especially after I found out they can issue the Oil & Gas Law under “Citizens Entitlements” which is in the FSL. Remember my people the advisor to PM said there are two legislative laws. The FSL/Budget. Both of them have the right to use the financial savings/reserves to serve the citizens.
“Expert: Iraq Gets About 4 Thousand Dollars From Selling Oil Every Second“
“And the rate of revenue per hour amounted to “13.792 million dollars. per minute = 230 thousand dollars…”
The news has been very quiet as expected. I think that I a good thing….My Reno guys have really clammed up….can’t even get a chirp out of them right now which I think is excellent. There really has been an intel crackdown and they are asking us to be quiet…
“Zidane discusses with the Deputy Speaker of Parliament cooperation in enacting “important” laws“
My view is they tell us clearly what is on the table. The ration card in it’s entirety is the food law, the electric it their life blood A/C and Fuel (energy) is the Natural Resource, Oil & Gas Law (NGO) or commonly the HCL…If that is the case, there is good reason to hide those sensitive issues…
Throw in the energy card and we have some serious on goings. I like what we are seeing. Quote: “after the law is passed, a breakthrough will occur in the entire political scene, including accelerating the process of forming the government, since the implementation of the details of the food security law will positively affect all areas that affect the citizen.“
The CBI and Kazemi are not wasting time...ATM machines, the CBI, the IMF all of these meeting we’ve been telling you about are dealing with the new small category notes with the new exchange rate and now they are dealing with the mechanism to dispensing them, the ATM machines…why do I say this so boldly? Because the governor of the CBI is saying so…
“Iraq is the fastest growing Arab country..Why is this not reflected on the people?”
...There’s so much great things happening in Iraq. If the dang government would ever get formed, we can get some cooperation, get a budget passed, then things would be a whole lot better. Iraq is the fastest growing Arab country. Why is this not reflected on the people? Great damn question.
“the International Monetary Fund expected Iraq economy to grow by 9.5 percent this year to be the highest in the Arab world…”
…talk about a rebound. They’re at a surplus now…all of the growth is based on sales of oil. That’s really bad. I told you Iraq cannot survive just on the sales of its oil. Look what happened in 2020 when prices collapsed. So if you want a stable economy you have to do way better than relying on just oil…
The truth is Iraq with the assistance of many organizations is trying to build a private sector diverse economy...Can the Iraqi dinar go up in value? Sure can but it takes sound monetary principles, and economic success in order for it to do so…The Iraqi dinar is not some lottery ticket or some random act it is a country’s currency. And only with the success and growth of that economy can the dinar ever go up in value. There is no overnight RV!
When it comes to fruition here’s the main things we need to be aware of in order to capitalize on this investment...First of all the IQD is an exotic currency without access to the foreign market. Therefor it’s not treated as a capital asset. It’s treated as ordinary income and that’s really the key right there…we know our IQD investment will be considered ordinary income, not capital gains…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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