Dinarland Highlights for July 5, 2022

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Dinarland Highlights – 7.5.22

MarkZ

[via PDK]

The news is all over the place coming out of Iraq. Which is exactly what we saw in Kuwait and exactly what we saw in China during their last revaluation. This is exactly what we expected to start seeing.  Article:  “The Central Bank of Iraq: The exchange rate cannot be changed and this is the size of the gold and currency reserves”  They talk about how great things are over there and then they deny these rumors…They have to deny these rumors. This is their job. This is compartmentalized. They are doing their best to suck as much dinar off the streets as they can here at the end.

Article:
Iraqi central bank denies rumors of change to dinar-dollar rate

We knew we would start seeing this close to the end. They try to cloud the information. Nothing would make them happier than for all of you guys to give up and sell your dinar back to a dealer. That would make their day. So right now they are doing exactly what we expected them to do in the final days.

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Tivon (KTFA)

Article:
A parliamentary bloc moves to lower the dollar exchange rate

Well this is what we were waiting on.I wonder what the starting rate will be? Internally they can gradually reduce the rate of the USD. Externally raising the IQD rate in the open market is another storyAre both being done in conjunction until parity is complete[?]The EFSL is definitely going to benefit. But they are so hush hush about it.

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MilitiaMan (KTFA)

The wheels of the Iraq Economic bus must go round and round. The playing field is imo about level now. Not much left to be exposed except the CBI showing us a new exchange rate to make those wheels spin freely around the world…imo.

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Kaperoni

Al-Maliki insists he is the best candidate for prime minister. Iraqis need to wake up he is as corrupt as it gets! Say no! …Until there is a new government formed without al-Maliki, and Parliament passes over a 100 stalled laws, that can be no significant change in Iraq’s economy.

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RayRen98 (TNT)

Several banks sources are collaborating the expectation of exchange activity this week. Iraqi contacts, Treasury and Federal Reserve sources are stating the same expectation.  Time Will Tell…!

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Godlover (KTFA)

[Response to Guru Tivon below]

Article:
A parliamentary bloc moves to lower the dollar exchange rate

The article speaks of a gradual reduction of the exchange rate. They as well mentioned going back to the previous era, something that numerous articles had mentioned…the previous exchange rate, although not my definition of an “era”, was1200…Personally, with their political impasse & still so much corruption…I look for a new seated government & then we see where that takes us.

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Frank26 (KTFA)

Article:
“Iraq is the first in the Arab world and the sixth globally with the highest growth rate of GDP in 2022”

GDP EQUALS GREAT DINAR POTENTIAL.

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Sandy Ingram

Article:
Russia may be India’s biggest crude supplier in June, a historic first

Russian oil is on pace to account for 21% of all imports into India shrinking the shares of Iraqi and U.S. crude oil exports into India.

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Pimpy

We are hearing a ton of rumors and that’s not just from one source…These are just rumors.  There’s a lot of talk that Iraq is going into the gold standard but first thing they need to reduce the amount of Iraqi dinar currency in circulation which is good for us.  The last thing you want to hear is that there’s too much Iraqi dinar out there they’re going to go ahead and replace it with new currency …Let them destroy the amount of currency that’s in circulation.  The lower that number becomes the more valuable their currency becomes.Think supply and demand.

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Deepwoodz (KTFA)

Article:
Al-Maliki’s Coalition: The 2022 Budget Will Not Go Ahead Without Returning The Price Of The Dollar

Here we have for the third time, an article from the Maliki team…

Keep in mind his only desire is to keep Iraq at a program rate. 1200 is truly no better than 1460 and he knows that very well...When Maliki says go back to the previous, he definitely doesn’t mean the PREVIOUS ERA.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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