Dinarland Highlights for August 23, 2022

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Dinarland Highlights – 8.23.22

MarkZ

[via PDK]

I am being told you will have 10 days to set the appointment and 30 days to exchange.  Then I am being told 30 days after it actually goes …we will not be able to exchange the big notes anymore.

[What happened to the contractors in Iraq that were supposed to be paid August 15th.]

Let’s just say they are very happy.

Everybody is still sitting in a prepared position waiting for the switch to get flipped. Wish we had a better idea on timing…

This article is big…“Ater scandals escalated, the central bank ousted a company that mediated in the currency auctions” What’s important here is this company is being fined billions of dinar because they traded during the 50 day period preceding the date of the exchange rate change…which is illegal.   I think this might be a key piece.  It seems to me they are saying they know the rate is going to change within 50 days… They have been sanctioned…their accounts were emptied of dinar because this company was buying and selling within 50 days before an exchange rate change. This may be a key piece that lets us know how close we are.  IMO this means they know the RV is coming within a set period of time.

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Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: The CBI is back on the news. They’re saying the reserves will be over $92 billion by the end of the year…we believe it’s a lot higher.  We keep hearing this from the CBI so those numbers are being frozen.

FRANK: …The education of the  monetary reform is being expressed to you successfullyWhy would you have 3x to 5x the amount [of reserves] you need to cover your currency and still have a programed sanctioned rate Of course not…And look who’s telling it to you.  The leaders.  These are the best of times for your country.

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Samson (KTFA)

Article:
The Sadrist movement demands the resignation of Faeq Zeidan

Quote:
The people want the reform of the judiciary.

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Pimpy

I’ve reconsidered getting a job as one of those redemption center people.  They have been on standby now for 15 years.  So basically they get paid to sit there by the machines and wait. Man, I wonder what kind of money they make per hour.

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Kaperoni

The IMF’s made it clear that they would like Iraq to float the currency and allow the dinar to gradually appreciate over time. This is the best way for the dinar to gain value…  Iraq’s economy is extremely underdeveloped. And only with the success and growth of diversifying their economy can the dinar go up in value.

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Breitling

It’s very rare for a country to swap out [their currency] and not let people exchange.  You have to get that out of your head because it’s not a reality.  It doesn’t work that way.  The economy would collapse.  Remember when they [The CBI] retired the 50 dinar note You had a timeframe to exchange

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MilitiaMan (KTFA)

Article:
The Arab Monetary Fund Issues A Study Entitled “Analysis Of Symmetric And Asymmetric Information In The Structure Of Fluctuation In Real Exchange Rates

Well well.. Look at the preemptive study that had been on going for 5 years. There is a meeting in Egypt that includes Iraq on Monday.. Think about the good news that will come once the international exchange rate of Iraq is placed in the AMF basket of currencies.. All boats rise with the tide…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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