Dinarland Highlights – 8.17.22
There is lots of news from the CBI…They have been very active. Is something being planned? …Overall it seems that there may be final preparations and checks going on with the CBI for some event…we have read announcements that its cash reserves rose to 82 billion USD and will most likely reach 92 billion by the end of this year. WOW…This will be at the level prior to ISIS war and very close…matches what Dr Shabibi had accomplished by 2012, when he targeted Jan 2013 to reinstate…
I am hearing from my CBI source that they are reaching their target. This is yet more evidence…The dinar is NOT on a normal float but the CBI can change the rate at any time.
The minister of finance in Iraq resigned…stating his reasons being the inability of the government to implement economic reforms due to the ongoing political bickering. This nonsense never ends.
After 2 weeks of the sit in of the Al-Sadr supporters at the Iraqi parliament building and in the green zone, Iraq’s supreme judicial council said…it lacks the authority to dissolve parliament…under the constitution parliament can only be dissolved by an absolute majority vote in the house following a request by 1/3 o deputies or by the prime minister with the approval of the president…
“With the resignation of the Minister of Finance…the dollar is falling in the Baghdad markets“
“Food security and the white paper.. Expose the reasons for the resignation of the Minister of Finance”
“Among the reasons is the disbursement of the funds of the Emergency Food Security Support Law,” noting that “Al-Kazemi tried to dissuade Allawi from resigning, but the latter was insisting on his resignation.”
“The government comments on the possibility of restoring the dollar exchange rate and ending the currency auction“
DOUBLE TALK WILL CAUSE YOU TO LOOSE YOUR JOB… ISN’T THAT RIGHT FINANCE MINISTER.
“Finance Minister Ali Allawi submits his resignation during the cabinet session“
GOING AGAINST KAZEMI CAN BE BAD FOR YOUR…JOB.
“The Iraqi judiciary officially responds to Al-Sadr’s request to dissolve Parliament”
YOU DON’T HAVE TO GO TO THE SUPREME COURT TO DISSOLVE PARLIAMENT BECAUSE… IT’S BEEN DISSOLVED ALL YEAR
Some fun things did happen on the 15th…I hope to soon get permission to share it…but this tells me we are close to the end. I had hoped to have news from Iraq and the big meeting today in the Presidential Palace…I am hearing the meeting has been fruitful. I was hoping to have results by now but the meeting is on going. Still hearing good stuff from finance minister and CBI contacts over there…Remember…we talked about the Iraqi Finance minister who was very much in the way of the RV has resigned/stepped down…that was enormous news…it has been overwhelmingly positive…we just have not crossed the finish line yet.
A lot of political turmoil in Iraq. They may not seat their government until the end of the month now. Don’t let it get to you. The CBI has told us over and over again that they get to pull the trigger. They do not need the government for that...
“A legal expert reveals exciting details about Allawi’s resignation: The government has resigned in its entirety“
IT IS NOT A RESIGNATION LIKE WE THINK (FROM THE ARTICLE: “it is not considered a resignation in the legal and constitutional sense. It is a political position before it is an executive government.”)
Bruce (The Big Call)
They had put out a rate at least in the region, and they had been trading that rate up somewhat since it first came out and they decided they would pay all the contractors working in Iraq, starting…the 15th at the newly revalued dinar rate…Now, what’s interesting about it is that we thought as a result…that we would not only have a new rate from them, but would we get notified and when would we start? …what I’m hearing is looking very good for tomorrow [Wednesday] – looking very good.
When the IQD RI’s, there will no longer be a need for vendors to purchase USD in order to cover imports and the people will no longer desire USD over IQD as (hopefully) the IQD will be seen as more valuable. Additionally, when the vendors can use IQD to purchase imports, they will not only be happy to accept IQD but will prefer it. Therefore, when the IQD is reinstated, the Currency Sales volume will be very minimal as there would be limited demand…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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