Dinarland Highlights – 6.7.22
We did have news in the real world that S. Vietnam has adjusted its rate by about half a penny to a penny. It doesn’t seem significant but it is.
Banking side is leaning hard on everyone to shut up on the timing side and on who is coming and going when. It is getting interesting…I think it’s indicative on the timing as to why they are pushing this right now.
…in Iraq – tomorrow they are calling for a vote on the Food Security Law. I am being told they agreed on increases in payments to the Kurdish region…and they will move forward with that vote on Wednesday. I was told to watch things heat up in Iraq on the 8th in both the government side and the food security vote side. So I am excited about seeing it trending in their news over there right now.
[Iraq boots-on-the-ground TV report]
FIREFLY: The CBI governor is on TV…he’s talking about the CBI’s willingness to open channels with the international world. This is exciting for us…because we know exactly what this means for our currency…
“Oil companies in Kurdistan will appear before the Commercial Court in Baghdad next Sunday“
My God what an amazing article. The FSL is something to reckon with…The FSL will be doing the monetary heavy lifting. While the Budget acts as a financial portfolio monitoring the revenue performance of all the fields mentioned to be cared for in the FSL. Brilliant, I’ll take it.
Do you all know the importance and implications as to how vital the oil contracts moving from Kurdistan to Baghdad is to the HCL/Oil & Gas which is the backbone to the “Purchasing Power” the citizens have been asking for? What did we all state so many times as to how “Citizens Entitlements” is included in the Food Security Law? To be honest with you I would not be surprised if a rate came out next week. This FSL is the real deal people.
“Parliamentary directive to expedite the approval of the proposed retirement and social security law for workers”
The Food Security Law is now out to the last day of session in Parliament. Not only that but, this Social Security Law is on the table too. No coincidence the Kurds are in town to talk about the HCL…I am fairly sure these items all go hand and glove with what we are looking for…Each of them have rate centricity…they are under immense pressure now.. It is all about the whole of Iraq. Wow! Sadr is all about the people.
I released this video…saying that it was 2 years away at best…the reason for that is this – they have everything Iraq needs to really flourish. They just can’t stop getting in their own way. We know they don’t have a stable economy. Too much of the economy relies on oil sales. That’s not good. We know they don’t have a stable government.
They can’t even get a government formed. There is talk of civil war. Foreign investors are curious about who’s going to be running the government and what type of government is going to be established before they start investing into the country. All of these things are taken in consideration before an exchange rate can be considered…it isn’t just the sale of oil. There’s many other factors…
Because our estate [taxes] situation is considered a fluid minefield. It’s not like ordinary income – you know we cash in our IQD, we pay taxes on it. Fine. Hunky dory. – But…this…estate tax…is the monster hiding in the closet…If the RV is 1 to 1 then the first thing to consider is how much IQD you’ve got on hand…Right now if you have less than 12 million IQD there isn’t an immediate threat because the cap…is if you’re married, that’s 24 [Million]...
If you have more than that then you need to consider some plans to reduce that taxable estate. If the RV is more than 1 to 1 then you still have an estate problem depending upon the new value. If you’ve got less than 5 million IQD then there’s not much to worry about. If you’ve got more than 5 million then some planning needs to be put in play…
Wed is their last chance to vote on the FSL, with their recess beginning on the following Thursday.Will they extend their session? This seems pointless to me. Why extend their working session when they are not even doing their job in the first place…To postpone until they return after recess, would be another crime to their citizens. Seems to be in our & their best interest, to pass it by this Wed.
The CBI is now starting to roll out the newer ATMs inside of Iraq. Once they are online…they will be activated in the international status…with the Visa and MasterCard and ration cards…presented to the citizens of Iraq…the Visa and MasterCard equal an activation of the ATM machines and it means a new rate is included in it.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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