Dinarland Highlights – 7.12.22
“The Central Bank: There is no future plan that includes changing the exchange rate“
The deputy governor has stated what appears to be this same propaganda on more than one instance this month. Firstly, he is not the CBI Governor... Secondly, there is by far way to many good things going on to not change the exchange rate…they have every intention to bring purchase power to the citizens…I believe this…is smoke…The indicators are large that are still on track to make an exchange rate change. Kahdimi has said it himself…
[Adam…could you comment on Iraqs latest political mess and you’re take on how this effects the dinar once again when we thought we were so close!]
I have been seeing a lot of positives…There’s always going to be some level of craziness happening over there, so the main reason most of us are still here is because we’ve learned to tune out the day-to-day “noise” and remind ourselves what the fundamentals are in this venture.
People sitting around thinking this is about to drag out for another few weeks or a month. Personally I am expecting this in days…Why would you even suspect for it to go beyond this month without a rate change hypothetically speaking? They already made it clear that the ground work is done. Focus on your investment People. There’s nothing else you are waiting outside of what Al-Kazemi just requested. IMO
[Guru Walkingstick said…the exchange rate is a line item in the budget…how [does] this fit into your theory on the EFSL?]
The rate is not a physical thing confined to a folder or binder that moves from hand to hand. That’s the major misconception as to why so many people have been confused…thinking that a rate is jumping from budget to budget…The rate is digital. Not physical. The entire financial system as it stands now is based on the exchange rate…
Doesn’t matter how many budgets past or present the rate will be a pervasive number throughout all systems that utilizes it for daily transactions. Regardless if a budget exists or not…Whatever current business is going on that’s what is going to be calculated. So do not look at the rate as a hot potato jumping from hand to hand. Look at as the tree from which all things grow from no matter how many branches they all share one root which would be the exchange rate…
The efsl will benefit their citizens, not us imo. K [Kazemi] himself said it was designed because of the current situation & the need for a new government & budget. This is coming from the horse’s mouth. I just cannot see economic reforms happening with the current state of their country, it just seems too impractical.
THE GOV SITUATION HAS TO BE RESOLVED PUBLICALLY ONE WAY OR ANOTHER (AND WE WILL WITNESS IT SOON)…AND THEN THERE WILL BE NO FAILURE WITH THE CITIZENS WITH A NEW EXCHANGE RATE IMO
They [Iraq] just want to move forward and the US is in the way of them moving forward with their currency reforms. If it were up to them they [Iraq] would already have it and be done…
“Iraq Labour Survey: Key Stats…Earlier this week, Iraq’s Ministry of Planning, the Central Statistical Organization (CSO), together with the International Labour Organization (ILO) launched a national Labour Force Survey, the first of its kind to be conducted in Iraq in the last decade. Some key stats: employment rate: 16.5% | female unemployment rate: 28.2% | male unemployment rate: 14.7% | youth unemployment rate: 35.8%“
“OPEC: Iraq is the fourth in the world in oil reserves“
AND SOON TO BE NUMBER 1 IN THE MIDDLE EAST WITH THEIR CURRENCY.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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