Dinarland Highlights – 6.9.22
The QMF system still maintains a $6+ IQD rate. Just remember they can still change the rate prior to going live and us going to the bank. We know they tend to run the new QMF currency valuation system every week and so if oil should suddenly take a dive (which I do not think it will) we could see a drop in the rate. After post-RV and Reinstatement to FOREX the IQD will most likely settle down around a $3+ rate and not over $4. I would be surprised if it did come out initially at $6+. Just saying this based on my own knowledge of this beast over the last two decades we have been following it.
[Iraq boots-on-the-ground TV report]
FIREFLY: It’s on the bottom of the ticker on the news that the CBI’s willingness to go international. Banking sector will enhance Iraq’s economic situation.
FRANK: Yeah, but it’s going to enhance your monetary for your economic.
They are not wasting time. They are going about their business and bringing forth the monetary reform. Because …as far as I’m concerned the economic reform is well lubricated, well functioning. You can look to the people who are pouring into Iraq. Travel agencies, all these banks, Iran for crying out loud. Not coming to invade but, ‘can we talk?’ …this is wonderful…
“So Publish Food Security Law in Gazette first then RATE Change or Visa Versa!“
I do not think this FSL has a new rate, but I do think it gives the current government an avenue (resources) to change the exchange rate. This law is going to jump start the private sector aka the citizen sector.
…I am still being asked to be quiet about certain banking things…who is going what, where, when. Nothing that could affect timing…But the chatter is great. A lot from the banking side…getting great chatter out of Iraq but have seen nothing spendable yet. We will keep watching until we can see through all the smoke…It’s very smokey this morning. Since I am not quite sure about some things to share…I’m going to wait …but my phone was lighting up last night. An overwhelming amount of chatter.
From Iraq I was told to expect the new rate sometime in the next 8 days. I heard this from a number of contacts in Iraq…one of these is in the Ministry of Finance…So I am very hopeful.
…These CBI meetings that they have been having with the IMF they showed the ‘colors’ to the banks…they showed what is called specimens and samples. They showed these 6 denominations to our bank friends in black and white. They did not match the colors to the denominations as they will come out officially. IMO this was due to the combination of Kazemi and Mustafa to keep the security of the new small category notes sealed and tight…the last thing the CBI needs is counterfeit…
“World Gold: Iraq ranked 40th, with 96.4 tons of yellow metal”
“Iraq has maintained its global position, indicating that its gold reserves represent 9.2% of the rest of its other reserves.”
“The Iraqi parliament votes on the “Food Security” law and enters its legislative recess”
…As ambitious as this sounds are they able to do this considering the Supreme Court continues to interfere with the government’s work? …This has been voted on. It absolutely has been passed which is awesome. This is great for the Iraqi people…Let’s see if…the Supreme Court interferes at all…
“Quote: The First Deputy Speaker of the House of Representatives Hakim Al-Zamili, on Wednesday, blessed the Iraqi people to vote on the “Emergency Support for Food Security” law,“
let’s allow this guy to do his job. Today was about the vote, not necessarily the rate. We got that now. Let’s look for the other part. Hakim, take it away maestro.
they voted on the FSL and passed it and they apparently stated they were to place sums into accounts awaiting a mechanism to distribute amounts allocated once passed…the ball is in motion and nothing is stopping it.. Imo… Looking forward to the next move..
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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