Dinarland Highlights – 8.15.22
“Central Bank Governor: Positive indications of an increase in the rate of non-oil revenues“
A very bullish report out from the CBI. Increase in reserves is expected, continuous growth from non oil revenues and the implementation of the white papers. The CBI is telling us the next stage is to be even better…
“Al-Tamimi: The Federal Court Can Dissolve Parliament According To These Articles“
IN MY OPINION, IT LOOKS LIKE IT’S GOING TO BE THIS WAY…
[Today is the 15th. Contractors payday!…Are the contractors being paid in IQD?]
My contractors are excited even though I do not have specifics on rate. The re-negotiations went exceptionally well. Now we will see if payday is this week with the new rate or not.
[This would be an excellent week for the RV to begin]
Yes it would…we are hearing positive things…I am very excited about this week. If we do not see the new rate this week …I believe we may have clear site as to when to expect it. So many things…real world things and even behind the scenes things are all coming together… We will have to sit here at the edge of our seats while we watch this play out.
There is zero negative news. Even though they are blowing smoke, backtracked on it, planted more smoke and backtracked on it… We saw the same kind of smoke coming from Kuwait and China when they RV’d in the past. Things are happening just as we expected they would.
[Did they kick the can again?]
I don’t think they are kicking the can…. There were a lot of behind the scenes things moving today...I did have some conversations with Iraqi contacts today. I am still hearing the rate is agreed to and the timing is agreed to with the CBI. I’m feeling confident guys even though we don’t know the exact timing. Contractors are pretty excited. My 3 contacts won’t share what the rate is but just said they were very successful getting the new contracts and rates renegotiated. I wish I could say more but I am walking on the razor with this one.
A “Floating Exchange Rate” is a regime where the currency price of the nation is set by the Forex market based on supply and demand relative to other currencies. This is in contrast to a “Fixed Exchange rate in which the government entirely or predominately determines the rate. We know right now the Iraqi dinar is on a fixed rate. A floating exchange rate is one that is determined by supply and demand…
If there’s a huge demand for the Iraqi dinar, and I would imagine once it hits the Forex you would see people streaming over to it, it would definitely change the Iraqi dinar’s exchange rate. It would increase it…right now Iraq’s currency is pegged to ours. It’s not floating. Once it floats though it should be a free-for-all. I’m curious to see how the Iraqi dinar is going to handle being on the Forex market.
“Dissolving Parliament without forming an interim government means that Al-Kazemi and Barham will remain”
IS THIS A FORMAL ANNOUNCEMENT? …NO IT IS NOT…DO YOU SEE THE CHESS GAME GOING ON? KAZEMI, SADR & SALIH HOLD THE CHECKMATE MOVE … THIS MAN Alaa Al-Rikabi, HAS ANNOUNCED WHAT IS ABOUT TO HAPPEN AND HOW? THROUGH SOCIAL MEDIA DIRECTLY TO THE PEOPLE! AS WITH IRAQ WE WILL SEE THE BACK AND FORTH IN THE ARTICLES … WE WILL SEE KAZEMI MAKE HIS ANNOUNCEMENTS VERY SOON…
“The government comments on the possibility of restoring the dollar exchange rate and ending the currency auction“
“…the issuance of a decision regarding the exchange rate of the dollar to decrease or raise is excluded at the present time. The best solution to end the crisis of the devaluation of the dinar is the currency to strengthen the local currency, expand its activity and diversify its sources…”
Two new articles came out tonight one from central bank and another from an advisor of the prime minister both of them confirming that currently there is no reason to change the exchange rate and only with the success and growth of the economy can the dinar exchange rate change.
Nader From The Mid East
It’s a good news. Even with their crisis going on in Iraq the private sector are doing a lot better and the revenue besides the oil revenues is up and it’s increasing and it’s gonna be a lot better. Like I said before it’s a waiting game so you’re gonna have to wait a little bit until everything is set up.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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