Dinarland Highlights – 7.12.22
Many outlets in Iraq are printing a news article today released from the Central Bank of Iraq stating that there is no intention to change the exchange rate and that if it does change, it’ll be based on the success of the economy…This type of article is exactly how monetary policy works. A country’s currency is never a random act. Only with the success growth of Iraq’s economy can the dinar go up in value and more than likely it’ll go up gradually over time.
…I use the term “RV” very loosely as there really is not going to be an RV meaning revaluation of anything. Remember, we are not looking for the “program” exchange rate to revalue…But rather to get the reinstatement of the IQD back on FOREX and the project to delete the zeros will either precede this event or come just after it. But the timing must be perfect. This and only this time we will go to the bank…
…The CBI is now preparing for the event. They have told us the lower denomination notes are mostly printed (enough to begin the process) as well as the new coins. They are testing now some of the ATMs to ensure they can handle the lower denominations and the programming of them.
There was so much more in the news about forming the government…July 15 is a target date for Sadr…if the date passes without a government Sadr is going to change the terms of the process again. …I believe they will leave Kazemi in place as prime minister and Salih as the president… By leaving Kazemi and Salih in place for another year this could give Iraq the…stability it needs thus the CBI might be able to sell the idea to the IMF and the USA. I do not know for sure how they will decide on this. We will just have to wait and watch it play out.
We are definitely about to see a monumental change in days…they only have two weeks to act. And they already have their prime player running the show with the EFSL to back him up. Guys we are in the 4th Qtr with 60 left on the clock on the 20 yard line and only down by six…the post game interview from Al-Kazemi will be historic. The citizens have someone who is truly working for them. Now they are finally about to see the fruits of all the things promised.
“Do you think that the CBI has to wait for the next session after EID to release the rate, or can it be done prior?“
Legally I presume a legislative session would be the appropriate time to address something of that nature. According to the Constitution. The CBI is an independent entity. So whoever weilds the power current political power which is Al-Kazemi due to the EFSL can request of the CBI to issue a decision on the rate.
It’s been quiet but not silent. I’m still hearing positive things from redemption areas…In Iraq they are hoping to have the government sat in the next day or two…I’m hearing rate release right after that. That they want the “optics “that things are settled over there before they release it…
[What is your RV window?]
Anywhere from 10 minutes ago to August 10th is my window right now. Leaning toward the sooner part…
“The Central Bank : There is no future plan that includes changing the exchange rate“
ONCE AGAIN THE DEPUTY GOVERNOR OF THE CBI HAS NO AUTHORITY WITH ANY OF THESE WORDS HE IS USING…IMO…THE DEPUTY GOV OF THE CBI IS THE EQUIVALENT TO OUR LIZ CHENEY OR MITT ROMNEY WE HAVE TOLD YOU ONLY PAY ATTENTION TO PM KAZEMI AND GOV MUSTAFA OF THE CBI!...NOW YOU SEE WHY ONLY THESE TWO LEADERS OF IRAQ.
“4 zeros were removed from it.. Iran launches new two-denomination banknotes“
“In the upper part of these banknotes, the zeros are seen in a faint color, while in the lower part of these banknotes they have been completely deleted.”
“Iraqis hold their breath, waiting for Friday al-Sadr: a new government or a change in the rules of the game“
I will bet there will be many fronts this next week that could be very surprising. Maybe even see the dissolution of parliament. EFSL gave “Necessary Powers” to Kahdimi and the White papers were said to be the corner stone if you will from the results of the World Bank and IMF mission in Iraq. The CBI knows that full well and has likely calculated it, as would Sadr too, Kahdimi, Saleh, Allawi, etc. Everyone in the need to know realm.. Knows what to expect now, surprises…
“So if it came out at a dollar…your net proceeds would be approximately $0.98?”
Yep…it [the spread taken by the bank/exchanger] will be low. BTW there will be so many people fighting for your currency you could probably get lower than that…like if you keep your money at their bank…they’ll exchange it for free…there’s going to be a lot of options. They’re going to fight for your currency.
Bruce (The Big Call)
…I’m being told that we should…receive notifications in the next couple of days. And I believe our exchanges are to start either Thursday the 14th or Friday the 15th that came from a very, very high up source just today…Stay positive we are getting down to the wire…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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