Dinarland Highlights – 7.15.22
“there are fixed facts on the ground. The exchange rate of the dinar to the dollar follows stability, and it is not arbitrary, but rather a contract between the Central Bank of Iraq and the Ministry of Finance”
…changing the exchange rate does not “just happen” on a whim by the CBI. No one is mysteriously just going to trigger an RV… Instead, it is a coordinated effort between the GOI and the CBI.
[Do we have to have a trust and a EIN to exchange?]
No you do not… I have been told explicitly by banking contacts that this is BS…but they suggest everyone learn about trusts for after the RV to protect your wealth.
Not a huge amount of news but a lot of expectation. Nobody with money in their pockets they can spend right now…I am hearing from many sources that they expect to launch tomorrow… I am hearing from other sources they expect to launch the 21st… I think we are going to have a very busy few days with news… There is all kinds of chatter from redemption areas that money is moving…but until I know people with money in their hands I’m not going to get excited… The news has me a bit giddy, but I’m not going to get too excited yet until when I jump up and dance and my pockets go jingle jingle…
The phone has been lighting up today about what is expected between now and the 21st as far as disclosure… Some folks are expecting to see a new rate in the Gazette paper tomorrow. Personally I am not. My sources say tomorrow is not the day. They think it is very close…just not tomorrow…in Iraq we are getting pictures of large scale gatherings in the streets… [Eid Al Adha Holiday]… may have something to do with it. I was told that they wanted to release the RV during one of their holidays so they really have something to celebrate. That is very important to them…So I would not be surprised to see it go.
…Out of all the years we have been in this investment. They decided right after the EFSL was passed to vote on reducing the USD exchange rate? Why? Maybe because if they don’t the Oil & Gas Law will not make the big splash in Purchasing Power they are looking for…This is one of the reasons why timing plays a major key …They need to have both of these ready in conjunction because one can harm the other if acted on prematurely.
Here is another thing that supports my opinion as far as the CBI waiting to pull the trigger once Al-Kazemi gives the green light. Why do you think he wanted to wait to address the USD rate reduction in the next legislative session? Because the Oil & Gas Law is in the same session.
“Three scenarios, two of which are in the interest of Al-Kazemi.. A source from the framework: Al-Maliki withdrew from the candidacy“
Three options Two of which are in favor for Al-Kahdimi…The most realistic view imo is that from what I know to be true is that presently the PM has necessary powers that were outlined in the constitution and likely to be in the EFSL / White Papers.
[Iraq boots-on-the-ground TV report]
FIREFLY: Outcome of the formation of the government is what the CBI is waiting for.
FRANK: Sit the government down! …It’s a chain reaction. Something has to happen for something else to happen and then for something else to happen and then once all that happens then you got the 3 things…#1…is the exchange rate…The CBI governor is looking for the confidence to give Kazemi the new exchange rate.
FRANK: What is the confidence? A new government announced.
FIREFLY: If it is a solid government and backs the citizens then we feel good for the CBI to change because the environment will be ready…if the same old crooks get all back in there will be no change…
FRANK: …exciting times are right before you…
Bruce (The Big Call)
We have it on good authority that Iraq will do their RV…that should mean bring their rate out. Have it officially announced on Friday [today]...we have a certain delegation from the United States that is on their way…to Iraq…getting that as a done deal. This weekend – Totally done deal… We know… Kazemi…is prime minister. He is seated and will be announcing that as Prime Minister [Friday] or Saturday…And it could be very well that the Iraqi dinar rate will make its way finally into the printed gazette Saturday. I really do believe this is going to be the timing for us…
If you go to…the foreign exchange website and try to look up the IQD which is the Iraqi dinar you can see it says “At this Forex.com does not offer trading in the Iraqi dinar.” That means it’s still under some types of restrictions. It’s not being bought, sold or traded on the Forex…
Iraq has two choices with the currency. The first one is if they don’t develop the economy as expected they will have no option but to replace the currency (LOP). The second option is to launch the white paper, fully diversify their economy by creating a private sector, foreign investment, etc. Doing so would allow them to float the currency and have it gradually appreciate as the economy grows…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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