Dinarland Highlights – 7.2.22
Bruce (The Big Call)
I think we are finally hearing from Iraq…that they will be seating their government – their Parliament – their Prime Minister – President…this weekend...
The rate is out but we do not know what it is – some of our bankers have seen it – some know that it is trading – we do know that – it’s probably traded up to what they wanted it to be now – not a concern – it’s happening…
Hearing some very very very interesting rumors regarding the Iraqi dinar. I’m not sure how much credence I should give to what I’m hearing. It’s all speculative and rumor but this is a lot of chitter chatter going on amongst those who deal in currencies. Iraq has been making a very strong power move in the gold area. The speculators are saying that that has something to do with a move that Iraq is about to make that includes the gold reserves that they have been increasing…
The last 36 hours has been very, very quiet…It’s like we hit a “silence” wall. Hopefully that is a good thing and we will soon wake up to a new world…just manage your expectations right now because it is just that quiet…
“Including Iraq, The World Gold Council reveals the reserves of the Arab countries of the yellow metal”
in this article they are talking about the rankings- and they give Iraq #6 …but they have recently added to their gold holdings making them now #4 in wealthiest countries in gold holdings in the entire region… I find this article interesting because we just had one out of Iraq this week that they had upped their gold holdings to 130 metric tons… You have to ask yourself “Why this enormous jump from #6 to #4? What is the driving factor there?
[Response to Guru Tivon below]
“A large sum of money was seized in the possession of a foreign passenger at Najaf Airport”
If he was/is following what K says or does, then he should have known that the current government is trying to set up for the next government for this person to even be able to exchange. Likely several months too early.
“The Central Bank: The assets of the banking sector grew by 21% in two years“
“He added, “Accounts doubled to more than 7 million open bank accounts, as well as electronic payment cards, which rose from 10 million to more than 14 million cards, and ATMs increased to more than 1,500 machines and points of sale to more than 7,000...”
Why go through all the accounting they have gone through over the last 6 months to change the rate back to 1200? That would be pointless. The CBI has done all the necessary steps to float and educate the citizens and the other banks around the world about the new exchange rate. Parliament can demand all they want but it is only the CBI’s responsibly and only the CBI that has the power to change anything for the GOI…they take action on behalf of the GOI.
“Do you think they have to get rid of all the corruption first [Before the rate change/RV?”
Of course not. You’re never going to get rid of the corruption. Never…the key is look where it’s at now. Controlled…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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