Dinarland Highlights – 6.23.22
RV news is still quiet…but there is a lot of real world news that shows we are close…
Today –in Iraq they called for an emergency parliamentary session to discuss reducing the price of the dollar…this means strengthening the price of the dinar. This is breaking news out of Baghdad today. So a special parliamentary meeting about changing the exchange rate. Its in the news and a massive point they are working on…to get that exchange rate up…. We are waiting on details as to “when” this will occur. But this is pretty exciting news coming out of Iraq now that they are starting to get their political house in order.
“The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar”
This means they are going to reduce the rate of the US dollar which will increase the value of the Iraqi Dinar. I am told they have called for an emergency session to move forward and change the exchange rate. We have been looking for this…the parliament is leaning on the CBI….it’s pretty exciting.
“Minister of Finance: The Ministry is keen to implement the provisions of the Emergency Support Law for Food Security and Development“
the EFSL, it was voted on 06/08/2022. 15 days to be law with out signature is estimated to be today or by tomorrow. With the Finance Minister being keen on implementation today, is a very positive sign. He is the legal side of the check book.. Lol The CBI just has the cash.. lol It may have to wait to be published, but, effectively it is law once the 15 day is up which would be in my opinion anytime now…
“Al-Kazemi’s advisor: “relative” control over prices and food security will support us”
There it is Ladies & Gentlemen…This means they can come out at a comfortable 100,000/100 USD at anytime. Which is basically a flat rate of 1:1 if you divide 1 by 100,000 IQD. Until Iraq has a reinstatement of their Dinar you will keep seeing the emphasis on this EFSL. This will not slow down.
There are a lot of different factors that have to be taken into consideration before they change the rate…the things that we should be looking for…are not being met. The government nor the economy is stable. They depend too much on oil. They need to build a private sector…Until those things are addressed you’re not going to have any change in the currency…
“Iraq oil minister expects exports ceiling to reach 3.8 man BPD in June, 3.85 man BPD in July”
Iraq is looking at very large oil revenues in the coming months.
[Response to Guru Tivon post below]
The article [Guru] Tivon references did state a fair rate would be 100,000 to $100. We’ve also all seen multitudes of articles talking about removing the three zeros. I believe the three zeros will be removed from 100,000 to $100 to become 100 IQD = $100; or 1:1…
Al-Maliki is now replacing parliamentary members as a result of Al-Sadr quitting. This is setting the stage for Maliki to be sworn in as the Prime Minister again. Not good news.
“Malsain issues a book documenting Iraqi stamps and coins“
This was released by the Central Bank of Iraq in the meetings they’ve been having with their citizens. Why in the world would the Central Bank of Iraq once again bring out their old coins and now bring out stamps from that era and the currency that was being used in that era? Why?
Because it’s all part of the education… concerning the monetary reform. Eventually…coins will come out but what they’re telling them right now, at the onset/at the very beginning when you go to the ATM machines you will not be retrieving any of these coins…They will round off the numbers. They will not get into fractional banking…Transactions…will go smooth without the coins.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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