Dinarland Highlights – 7.11.22
If you are reading all the news articles from Iraq these days about the election, it will drive you crazy. There are obviously many who support bringing back all the corruption and nonsense of Nori al-Maliki days. Unbelievable! Trust me on this one – Maliki will NEVER see the prime minister again!…
“Iraq’s central bank sees no reason to change the exchange rate of the dinar currency“
...and has no further plan to do so in the next three to five years, state news agency INA reported on Sunday… citing the deputy governor of the central bank Ammar Khalaf…
Read what Al-Kazemi has stated out of his own mouth. This guy is a chess player. You want to know why he is calling on all political forces to put their energy behind the EFSL? Because he knows they really do not have a choice at this stage to entertain a general budget for this year. The EFSL is basically a supplementary budget and can act as such.
You heard this from Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. You heard this from Al-Zamili. You heard it from Mazhar M. Saleh. You heard him state that the EFSL will “Move The Wheel of The Economy“. Al-Kazemi didn’t go through all the trouble of getting the EFSL passed, voted, and published in the Gazette. Then turn around to say to the citizens that do to this or that you guys will have to wait for the budget to get purchasing power…Al-Kazemi is spelling it out…
I think this is going to be a very interesting week. I am still hearing very positive news out of Iraq about the impending rate…That they are moving forward with white papers and reforms…they have not given me a timeline. I am waiting for an update.
There’s no ‘redemption centers’. You have exchange centers if you go to international airports…a lot of times they have where you can go in and buy and sell foreign currency there. You can exchange it. There are some malls out there that actually have a currency exchange store there. But there’s no magical redemption centers. There’s no 800 numbers. The only 800 number that you should be calling is an actually exchange if you have any questions. Or to an actual bank.
“Iraq maintains its position in the ranking of the highest countries in gold reserves”
“this month, Iraq maintained its 40th global position out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves“
The CBI and Kazemi are both in control of the exchange rate and that’s why they CBI is preparing to float the currency and that’s why they are meeting with so many entities…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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