Dinarland Highlights – 7.27.22
“AN IRAQI OFFICIAL REVEALS THE AXES OF MONETARY POLICY TO CONFRONT INFLATIONARY PRICES”
As long as they continue down this road of not allowing the outside to invest in Iraq and superficially holding back the currency from its true VALUE and thus reflect it in the RATE they will continue to have these inflationary crises after crises.
“The framework called for holding a session next Saturday to elect the President of the Republic“
You know the major important step we’re looking to see is that government formed…I don’t know how true [this article] is. We’ll know by Friday the credibility of this…
“Issuance of a late budget law is better than the end of the fiscal year without it”
There has been a reasonable amount of gurus that have stated that Iraq will not do any budget at all and that’s going to do just the Food and Security Law. That can’t happen…
“A new parliamentary movement to restore the price of the dollar to its previous era“
“lowering the dollar exchange rate should be a priority for the next government,”
“The General Secretariat sets the ceiling for the salaries of lecturers and workers within the Food Security Law“
It looks like they are doing what the Prime minister ordered them to do. While they adjust salaries, etc., they are going to restore the Dollar exchange rate to what is was in a previous era. Hence the need to adjust the rates at which they pay out…
…If the adjustment of the currency occurs…you will have 30 days to set up a legal tax protection plan. If you fail to do so you could end up paying up to 35% of your profits in taxes including state and federal taxes. Are you prepared to give the U.S. government close to $35,000 out of $100,000 with little to no way to get a refund for any of the $35,000? …the moment you earn a profit it the moment you owe taxes…
“An official letter from the framework to parliament that sets the date for the election of the President of the Republic”
SATURDAY guys…you will go to sleep Friday night and then Boom…we are hearing that is when things are supposed to start moving forward in Iraq. I am hearing this from 3 of my Iraqi contacts. I believe this is most likely accurate. There may be a lot of excitement in the up- coming days or week or so…at least we should have a better idea of what to expect timing wise once they get through this on Saturday.
IT IS OUR OPINION/RUMOR/ SCUTTLEBUTT … LAST WEDS, 2 FIRM GUYS, IMO, ARE IN THE ME RIGHT NOW MEETING WITH THE ARAB MONETARY FUND IN A CLOSED MTG. WITH THE CBI, WHO WILL SHOW AT THIS MTG. THE PROOF NOTES.
They are ready. There are no restrictions on their currency. The currency is convertible international and more than anything else the WTO knows this and so does the international world.
The plan from the IMF for the Iraqi dinar was stated in 2013 in the IMF Article IV Consultation. It encouraged Iraq to create the conditions (pass laws, encourage investment, etc.) Then float the dinar allowing a gradual appreciation based on sound principles, economic growth.
“Detailed statement..Finance announces 25 achievements in implementing the white paper”
VERY IMPRESSIVE! IRAQ SURE HAS COME A LONG WAY WITH THE RIGHT PM …AND THAT IS KAZEMI! IMO…
‘If they turn the dinar digital is there a chance there won’t be an exchange process and we’ll be blocked out of the opportunity?’
It doesn’t work that way. Iraq is not going to get rid of their paper currency...for Iraq to say they’re going to have a very small portion of their currency to go digital that means they would be trading on the international platforms…That’s very very good news for us. That’s why those article are coming out.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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