Dinarland Highlights – 6.14.22
Within a month or so the IMF will release the latest Article IV Consultation with Iraq which was completed last month and will give us an update on monetary policy.
Nader From The Mid East
…The exchange rate if it happened, happened with the CBI. No body else. No governments. No Maliki. No Sadr. No nobody. Nobody’s gonna get involved in this. It’s the economy and it’s the CBI Bank. The CBI is in change of everything financial…we’re waiting for the CBI. Waiting for the economy to get better. Waiting for the private sector to get stable… politics has nothing to do with this…I don’t think it’s going to happen this year.
[Referencing Guru Militiaman post 6-10-2022]
If you look at the picture they put when the CBI given a gift to the Bank of London it was a 25,000 dinars. If you look closely it’s 25,000 dinars. That’s the gift they got. Small category is gonna happen but I don’t know if it’s gonna happen now. It’s too early I think. They’re working on it. They said it.
[What is the expected Dinar rate]
Most people expect the RI (Reinstatement) rate (on the conservative side) would be at least in the low to mid $3 range…if they use the NEER Rate (Nominal Effective Exchange Rate) the rate would start at about $1.60 and float.
“$180 a barrel …Expectations of a big jump in oil prices”
This is forecast before the end of the year which spells big trouble for us at the pumps. But, for Iraq and the RV process, it will allow them to increase the rate of when they can pay off the revaluation and help their people.
“Sadrists resigning thier positions in parliament…isn’t that a bad thing for us as investors?“
Al-Sadr, done his job. He got the Criminalizing Normalization Law done. He got the “Emergency Food Security Law” done. He got the Kurdistan Regional Oil & Gas Law signed over to Baghdad done.What more do you want from the man?You should be focusing on Al-Kazemi and his team. He is next up to bat…
…Train yourself to focus on pertinent things that help you understand your investment. Al-Sadr is not one of them at this stage. If he went missing never to return for whatever reason would not make one dent in this investment. The FSL was specifically created to prolong the Al-Kazemi government, not Sadr!…Look for what happens once the FSL is published in the Gazette. Imo
“totally confused so if no budget needs to be approved! When will the rate change?”
FSL is acting as a budget (Financially) until one is approved …They do not need the budget to allocate any funds, the FSL will do that. So when they release a rate it will be because of the forecasted input/output of the Overall GDP that influence what price they decide to come out at….Let the CBI do their job because it’s them who will release the rate…
“American Airlines resumes flying in Iraqi airspace”
We are so seeing the Monetary Reforms on Steroids. The best is yet to come and imo it is coming without delay now.
…Sadr resigned. Him and all his deputies…What does this means for Iraq? …I really felt Sadr was going to win in this game of chicken…all I know is there are a lot of corrupt people in this Coordinated Framework. They are all Iranian-backed politicians. This is not good for the Iraqi people…I still hope some good comes out of this…
Walkingstick and Frank26 (KTFA)
IOO [Iraqi Citizens] …will soon see the roll out of the new ATM machines. They will probably be empty but they’ll see them…IOO hundreds of new ATM machines are being moved into the streets of Iraq. That’s why we tell you with confidence…I’m giving you markers of what you might want to anticipate. You’re gonna see these ATM machines…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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