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Dinarland Highlights – 6.19.22
MarkZ
[via PDK]
On the RV front still hearing very positive things for the 20th and the 21st. There is no negative news coming out of Iraq.
Article:
“The Central bank of Iraq: We launched 17 trillion dinars of development initiatives”
We also shared several articles over the last 2 days about the continued support and execution for the white papers. We did get more chatter out of Iraq for the need to increase the value of their currency yesterday. Still looks like we are in a great spot…nothing negative.
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Frank26 (KTFA)
the CBI and Kazemi are not wasting time. They’re going about their business and getting all the reforms done. Are they dealing with the New Small Category Notes and the exchange rate now? Yes! ‘Why do I say this so boldly?‘ Because the CBI boldly put out these new ATM machines. ‘Do they still have the 3 zero notes in them?‘ Yes. ‘They don’t have the NSCNs in them yet? No. ‘Well then that means that they’re gonna just stay with the 3 zero notes frank. They’re never going to change them.‘ No.
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Petra (KTFA)
The EFSL is marching down a time controlled track. And, we do not know if Saleh has signed the law or not. Regardless, we are all in agreement that it becomes law 15 days from the vote.So why has he not signed it? Because…PM K and THE COM needed time to review all the contracts to insure when the deployment deadline hits…the EFSL can handle all the contracts, the CBI can defend the rate globally, And the secondary markets are protected as they begin to develop the Iraqi infrastructure.
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Tivon (KTFA)
Al-Tamimi (Legal Expert) said the EFSL will enter implementation after 15 days regardless of any signature by the President of The Republic.
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Pimpy
The Framework suggests that the current will return and reveal the latest developments in the talks with its traditional rival” When they say ‘the current’ what they’re talking about is the government that is currently installed – Al Kazemi, Saleh…
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Sandy Ingram
I know some of you are tired of hearing about parliament…but please know that the parliament vote has everything to do with the new president of Iraq and the new prime minister which will ultimately affect our investment in the Iraqi dinar…all the news is interconnected.
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Kaperoni
…A country’s currency exchange rate is not random or arbitrary. Usually a currency’s exchange rate is based on economic growth, GDP, reserves, etc…If the dinar ever does go up in value it will be gradually over time (via float) as Iraq’s economy grows and prospers. Doing so would allow them to gradually reduce the currency in circulation as the value increases.
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Nader From The Mid East
I think when the reinstatement happen, if they’re putting it back on Forex, the bank will accept it and go to the bank and you change your dinar and that’s it. This is that simple. It’s gonna be taxes involved in it. The government is gonna take from you for sure. All over the world it works like that.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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