Dinarland Highlights – 10.9.22
[Is this going to be a taxable event? Many differing opinions on this.]
I still think it will be a non- taxable event. But I am prepared either way to be safe. We just do not know 100%.
“Governor of the Central Bank in Parliament to answer the currency of “20,000 dinars“
“During the hosting, we will direct a number of questions to the governor, the most prominent of which are the feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new category (20 thousand dinars) and how much money will be issued from the new category and the mechanism for putting such a currency in the market.“
We have excellent news from Iraq. The ARAP private bank league revealed…the financial statistics of the Iraqi banking sector during the first half of 2022 were favorable because of its strategy adopted by the Central Bank of Iraq. This strategy was put into place to strengthen the public’s confidence in the banking sector. This is important because there can be little to no talk of a revalue of currency until the Iraqi people trust the banking system and put their money into the bank and not under the mattress.
The CBI quietly encouraged loans by the private banking system in Iraq and it worked big time! The credit granted to the public during the first half of 2022 reached $2.53 billion U.S dollars at a rate of around 7% interest. Deposits increased around $5.69 billion…bring the total deposits in the banking sector to $73 billion…You see everyone in Iraq is not broke. The assets in banks grew to 112 billion…things are happening in Iraq for the good. This has happened even with the protests, the political crisis and Iraq not being able to form a government…
These guys wanted to create a 20K dinar. Think about the value of the dinar. If it was going to change to $3.22, $1.50 or even a $1 there wouldn’t be a need for a 20k dinar…because you want a lower denomination dinar…they say the governor of Iraq [CBI?] is working on a new category for dinars. I don’t agree they should do a 20k. It makes no sense. A 20K dinar is the wrong direction.
“…The CBI will not do anything…until there is an operating government in the country of Iraq. They’re trying to dissolve parliament completely and they’re having a hard time getting anything done.”
It sounds like ‘oh my god they’re gonna dissolve parliament.‘ I don’t believe that. “The CBI doesn’t have options.” Yes they do have options. But in the end what does both sides want? To expand their markets. They got to have money to do it.
They know the currency has been artificially inflated. They know the solution. Don’t look at what’s going on between the Sunni and the Shia and the turmoil going on in the parliament. Both sides have the same problem and both sides’ answer is the exact same thing. That’s all you need to worry about. We’re sitting in a very very good position. It’s not going backwards its going forward… sooner or later something is going to cause them to start adding value to their currency.
“Newspapers continue to talk about the date of approving the next budget.. and the feasibility of issuing new categories of currency“
IT IS NOT A RUMOR IT IS TRUE A BUDGET AND A NEW EXCHANGE RATE FOR A NEW CURRENCY ISSUED IS COMING… THAT’S ALL THE TALK IN IRAQ
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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