Dinarland Highlights for July 8, 2022

0
343

Dinarland Highlights – 7.8.22

NORV

[aka Guru Kaperoni]

My belief is they will float the dinar. They are spending to much time trying to create a market economy.

______________________________________________________

Mountain Goat

Article:
CITIGROUP WARNS OF A COLLAPSE IN OIL TO $ 65 BY THE END OF 2022″

…an article by a JPMorgan analysts warning on Sunday, that oil prices could jump to $380 a barrel…by year end.  So then we see in today’s article telling us oil could drop to $63 by years end.  Who is correct? Why such drastic variations in the predictions? Do they even know?  So we see the instability it the market. Can Iraq also deal with it and take advantage of the high prices while they last?Right now is a great window for the reinstatement but they must get this government in order first.

______________________________________________________

Clare (KTFA)

Article:
Market Review: Supplementary Budget Stabilises the Market

Quote:
the “Emergency Food Security Support” bill, has its origins in demands by parliament for extra spending measures in response to public anger over the increased cost of living, and to public pressure for the government to translate the sharply rising oil revenues into public expenditures.”

______________________________________________________

Tivon (KTFA)

Article:
Market Review: Supplementary Budget Stabilises the Market

What an Article.  I read this with a big smile…This is why…Al-Kazemi is going to exercise his “Emergency Powers” and give the citizens what they want…Al-Kazemi will not wait on this [A new GOI] because the emergency law requires him to address everything affecting the citizens independently of what is happening with the political impasseWhat more do you want?   They are spelling it out that there is a current government seated now.   And what they do today another future government can pick up on once it is formed.   Sounds like a plan to me.

[Community Question]
The efsl was published…and no one is going to the bank…what are we possibly waiting for IYO?

100 Deputies signed off on reducing the USD exchange rate at the earliest legislative session which takes place next week…Nobody told you that the publication on the exact same day would see a rate change. They need to be in session for that. Which takes place after the holiday…

______________________________________________________

MarkZ

[via PDK]

…there is phenomenal chatter as they are moving and putting whales into position…we are in a heightened stage right now. I am very hopeful…maybe we are in the last week??? Really hoping things are accurate this time.

My phone has been lit up from banking contacts that say we need to be in place and ready...I am hoping we will see action soon.

______________________________________________________

Frank26 (KTFA)

Article:
Market Review: Supplementary Budget Stabilises the Market

READ THIS ARTICLE CAREFULLY
BECAUSE IT’S THE BLUEPRINT OF THE MONETARY REFORM.

______________________________________________________

Kaperoni

Paraphrasing from the IMF Article XIV, the IMF would like Iraq to create the conditions (a diverse economy) which would make possible a move to a more flexible exchange rate policy (float). Doing so would allow a predictable and gradual appreciation of the exchange rate

…Triggered by oil revenues and the Balassa-Samuelson effect, to accommodate real exchange rate appreciation while keeping domestic inflation low…since that report in 2013, you can see they are desperately trying to create a diverse economy/private sector. Therefore, it is obvious this is the direction they are headed. I do not see any change in the dinar until such has been accomplished.

______________________________________________________

Bruce (The Big Call)

[via WiserNow]

I heard today from one of our contacts in Iraq that the Dinar will  be international – the international rate for the Dinar will be posted in the Gazette – which is their official document – the Gazette and printed this Saturday...That’s a really good sign – it shows that Iraq is definitely moving forward… it is going up and probably will exceed what Dr Shabibi predicted the value of the Dinar to be at the United States Chamber of Commerce meeting of 2012…

______________________________________________________

Walkingstick (KTFA)

[via Frank26]

The Minister of Finance is not in the position to announce any rate change.  The announcement will strictly come from Mustafa given to Kazemi for the government.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

LEAVE A REPLY

Please enter your comment!
Please enter your name here