Dinarland Highlights for August 2, 2022

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Dinarland Highlights – 8.2.22

MarkZ

[via PDK]

Article:
The Sadrist movement demands Al-Amiri withdraw from the framework: prevent treachery, there is no dialog with those that threaten to kill”

It may seem uncertain over there but things are moving in a positive way. This is like disclosure over there…its a good thing. Seeing this happening means things are finally moving forward. This is whats occurring in Iraq right now. They are airing their dirty laundry so people can make informed decisions….and the government can move forward.  This is great news…

…on the Iraqi front it’s pretty quiet. They are still working on getting the government sat….it is not done yet. Still getting daily drops from the CBI and Kazemi about rate changes. We know we are extremely closeDo we know its imminent?  Yes…Could we be in a 48 hour windowYes we could. But I am hesitant to pick an exact time…it’s right here and playing out.

I am getting some good chatter from a contact…They believe something is coming to a resolution in the next 48-72 hours…maybe sooner. They are looking for some key events on Wed or Thurs…

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Samson (KTFA)

Article:
In numbers… the central bank’s reserves of the dollar and gold revealed

Quote:
the Central Bank owns multiple types of reserves, amounting to more than 160 trillion dinars, including an investment reserve of 60 trillion dinars invested in foreign banks in return for returns and intereststhere are reserves of gold estimated at 140 tons, with a value of approximately two trillion dinars,..Central Bank’s reserves were less than 50 billion dollars, and now it reached 76 billion dollars, and it will reach 90 billion dollars by the end of this year.”

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Walkingstick (KTFA)

[via Frank26]

Their voices are being heard and their sending their children in to support their prime minister, government and their banks.  Somebody caught on.  That’s the last thing evil needed in Iraq for Iraq to unify itself the way it’s doing right now.  It’s historical.  All the citizens of Iraq are fighting for a better life.  Will Maliki bring in his militia into the streets and fight against the citizens of Iraq?  No…Sadr can call on such a powerful force and Maliki cannot.

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Humble1

Article quote:
Total” company postponed the implementation of its projects until the formation of the new government.

…This is black and white, no ambiguity…obviously something has to change…will that be the past government led by K, or a new CF government, that remains yet to be seen...a seated government represents security and stability what Dr Shabibi said was needed years ago, so to assume things with a rate change can move forward without security and stability is a mistake imo…apparently the CBI is waiting on something, as the EFSL has been in effect now for over a month, with no
change…

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Pimpy

For people asking how this [Iraqis protesting] is going to affect our investment it’s obvious.  If they can’t get things settled down.  If they can’t even form a government and they can’t open new avenues of revenue away from oil they’re putting themselves in a really bad position and you’re not going to see any rate change happen anytime soon until this gets cleared up

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Tivon (KTFA)

[Response to Guest Guru Humble1 below]

…It needs to be clear who is officially running the country. Dissolution will make that very apparent…We as investors do not want a the new government…We want an interim which can give us a rate before they sit the new government after the transition period is over…

Dissolution puts in place constitutional legislation that the EFSL is based on. Which gives Al-Kazemi full powers to enact laws put on the back burner…the Oil & Gas Law can be passed with a transitional government. We don’t care about the IMF/UN…They can not dictate what goes on in the country…

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Frank26 (KTFA)

[Iraq boots-on-the-ground bank report]

FIREFLY: Talked to many bank friends and all of them are saying the rate has been changed on their side so to speak just not known to the public until a government has formed.

FRANK: What he means is a second set of books that they can’t see.

FIREFLY: We don’t know if it’s going to go back to 1200 or to a rate 1 to 1 internationally but we will know after the government is seated.  Sadr says we have made our point.

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Kaperoni

…Guru Mtn Goat keeps talking about the delete the 3 zeros project. We don’t want that to happen, that’s a currency exchange LOP.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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