Dinarland Highlights for June 28, 2022

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Dinarland Highlights – 6.28.22

MarkZ

[via PDK]

In Kuwait…literally that morning they said it would be 2-3 years before they RV’d…then they turned around and did it that same morning… Kuwait shot all the way up to $9.88 before it settled back down to the $4 range…Iraq cannot wait another couple years without an RV. Because of political instability and their low currency-because the country has great wealth…historically Iraq is one of the wealthiest regions in the whole world…vast oil reserves and gold reserves as well…

I am told the CBI can change the rate before the government is sat…

[Who decides the exchange rate?]

I am told it is decided in the gold treaty and the rate is fixed.

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Mountain Goat

Article:
DEPUTY FOR AL-FATEH: THE EXCHANGE RATE REDUCTION WILL SOON SEE THE LIGHT

Quote:
“..the issue of reducing the dollar exchange rate is soon after collecting the signatures of 100 deputies to vote on reducing it under the dome of the House of Representatives.”

Just remember they tried this before and it did not work, however it does put pressure on the CBI and to let them know something must be done about the IQD rate soon.

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Samson (KTFA)

Article:
The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons

Quote:
Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.”

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Pimpy

Article:
The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons”

Do what they do not what they say…they didn’t buy some gold, they bought a huge amount of it…a 35% increase.  That’s huge…this time around they are definitely preparing themselves in case something should happen to the oil market…

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Kaperoni

Local media announces today Al-Maliki will carry out a coup and become prime minister again…He is bad news for Iraq and is a pawn of Iran…Plainly put this is terrible for Iraq. Maliki is a wannabe dictator and has desires to control the central bank funds.  Back in 2012, former central bank governor Al-Shabibi accused Maliki of stealing enough money to support 20 million citizens…al-Maliki has quietly as leader of the State of Law Coalition harpooned much of Iraq’s success waiting for his opportunity to come back.

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MilitiaMan (KTFA)

Article:
Deputy For Al-Fateh: The Exchange Rate Reduction Will Soon See The Light

…100 deputies openly supporting the exchange rate change is powerful. They are campaigning. A sign of currying favor from the citizens. They want their purchase power.

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Frank26 (KTFA)

Article:
The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons

it’s much much more than that. This country is in such great position to add great value to their currency…why would you go all over the place and collect as much as you can in gold for your currency that is of no value? Because it’s going to have value.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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