Dinarland Highlights – 7.3.22
Mountain Goat
“AL-HIKMA TALKS ABOUT A FUTURE GOVERNMENT COMMITTEE TO DEAL WITH THE PRICE OF THE DOLLAR“
Remember that if the price of the dollar is reduced the price of the dinar increases…
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MarkZ
[via PDK]
[…does Vietnam have to wait for Iraq to rv, or can they go on their own?]
they could go on their own. They would just have to go at a lower value than they would like but still could make a substantial change whenever.
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Sandy Ingram
“Iraq Ranked 30th in the World And Fourth In The Arab World With Central Bank Gold Reserves“
The Central Bank of Iraq has quietly been buying more gold for Iraq…The Central Bank of Iraq has moved up 10 spots on the table of countries with the most gold reserves…Iraq said in a statement that the purchase of new quantities of gold is an increase of 35%…
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Pimpy
…The rumor is Iraq is thinking about going to the gold standard which would be huge. But one of the things they want to do is they have to find a way to start lowering the number of dinars that are in circulation. The good news is that they’re not going to replace the dinar which is the biggest fear. But what they’re looking to do is reduce the amount in circulation. I have not heard how that’s going to happen.
…A bunch of talk between people who deal with currencies. It’s just rumors…The people I’m getting the information from as credible as they are it always makes me reluctant when there’s nothing that I can use to validate what is being said. They have had a major increase in their gold reserves. That’s a major major step…if you start seeing that the Iraqi government is indeed doing whatever it takes to reduce the amount of Iraqi dinars in circulation then you know that the rumor is true – that they are heading in the direction in which they want a gold backed currency.
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Frank26 (KTFA)
Article:
“The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves”
THE DEPUTY GOV OF THE CBI…IS NOT IN CONTROL OF THE EXCHANGE RATE.
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Tivon (KTFA)
Article:
“The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves“
Always pay attention to the last few statements when they start off so bold. They always dismiss everything they say once they refer to other authorities...The guy just denounced his own position or ineligibility once he stated “The Ruler, has the power to decide when to change the exchange rate.” Ask yourself who is the Ruler? Al-Kazemi? Mustafa Galeh? Barham Salih? Because…none of the three have come out and supported any other statements when the exchange rate will be changed.
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Jeff
Article:
“The Central Bank of Iraq: The exchange rate cannot be changed, and this is the size of the gold and currency reserves“
The way all this works is…before they can approve budget for the whole year of ’22 they would have had to have change the exchange rate first..the rate has to be positioned and in place before the budget can get approved. Iraq has not done a budget for this year nor have they adjusted the exchange rate now you have the #2 man at the central bank telling you they have no intentions at this time of adjusting their exchange rate…none of this news you’re seeing is truthful right here…
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Kaperoni
…A news article came out quoting from the State of Law coalition that al-Maliki more than likely will be there candidate for prime minister…this is not good!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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