Dinarland Highlights – 6.26.22
…we keep hearing about getting out of a “rentier” economy solely based on oil…there are many more sources of revenue that can rival the oil revenues. But Iraq has to take advantage of them…The revenue possible from tracking and accounting for the full revenues received from Customs and Tariffs alone can rival the oil revenues. WOW!
…also they intend to tax revenues too some day, something they do not do today. This would be a huge source of revenue for the central government…another source of over looked potential huge revenues- the electricity industry…they are on the verge of being an economic giant and along with this comes the RV. They simply can’t stop it and it has to happen…the Glory Days are coming to Iraq.
Saleh said “…the rise in Iraq’s hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability,” stressing that “the Iraqi dinar is approaching full coverage of hard currency reserves in light of the current exchange rate.” He also said that “these reserves maintain the purchasing power” …if you have 1 million in Dinar. And the rate comes out at 1.162 on the Forex. You divide that by one dollar and it will be .86 cents. Which will net you
I would like to add a few dots to the logic equation as to status:
1. Al-Zamili stated weeks ago…upon passing of the law [ESFL] that the ministries would “immediately” be funded to begin their efforts of the WP’s. Well, yesterday was that 15th day…tick tock!
2. Al-Alawai the Finance Minister has been…stating that basically the reforms are ready to go and his ministry is ready to engage. Hello CBI….Tick Tock!
“The Signatures Of More Than (100) Deputies Were Collected To Reduce The Exchange Rate Of The Dollar Against The Iraqi Dinar”
…is not only the request of Kathemi to change the rate but also…the signatures of 100 or so Parliament Deputies agreeing…Hey CBI…Tick Tock…THE RATE is now before us on a myriad of levels to engage the new Iraq!! …IMO what are we waiting for? Hello CBI….Tick Tock!!!
…if Iraq goes…Vietnam will also go as they are massive trading partners on goods… I was told Vietnam would quickly go at a increased value as well…I am hearing right now – it could be .47 cents…which is still amazing…right?
Nader From The Mid East
“It’s 100 trillion dinar out there. It’s hard to change that.”
That’s why they’re taking the three zeros off, to have a lot less money. And it’s not 100 trillion, it’s 71 trillion and a lot of it’s been burned…What are they gonna do? …I think they’re gonna take the 3 zeros, will go down to maybe 40-30 trillion.
No, you’re not gonna get a special rate…people out there claiming that you’re gonna go in together as a team and you’re gonna negotiate a better deal. No you’re not. It’s not gonna happen. Whatever rate is out there is for the globe. That’s for everybody.
“Are you thinking Iraq is Article VIII compliant?“
Yeah. Forward and backward. Sideways, up and down you name it. Do you see any restrictions on them [Iraq/CBI]? Do you see any sanctions on them? Heck no. Everybody wants to join them. That alone should be a tell tale sign.
The first plan which has been discussed by economist and specialists in Iraq in the media and in various symposiums educating the citizens is a currency exchange (LOP). We do not want to see this happen. And the other plan which has been well documented since 2013 is the IMF’s directive to float the currency allowing it to gradually appreciate over time as Iraq’s economy prospers and grows.
…I think we are only waiting on the CBI to activate the RV at this point. When the CBI says go, we will be going to exchange.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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