Dinarland Highlights – 10.11.22
Mountain Goat
Why have a new 20,000 dinar note? …why issue it if there is a plan to conduct the project to delete the zeros in the very near future anyhow? Why go through all the work and expense? So, I called the CBI and did my weekly update with my contact. What I was told is that the 20,000 dinar note will be used as part of the long-term banking system for international exchanges and payments only and that when the project to delete the zeros does happen the note will be voided out and taken out of common circulation…
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Samson (KTFA)
Article:
“The new 20 thousand dinars category raises controversy and reveals the hidden.. Economists: It will increase inflation“
Article:
“Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars“
Quote:
“Iraq lacks a strong government, if it existed, there would have been a boom in its economy,” expressing his hope that “a government with full powers will be formed and bring people who are interested in serving the citizen”
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MarkZ
[via PDK]
I still think it will get out of the gate this month…praying it does. We are getting constant good chatter.
out of Iraq – articles with Kazemi saying the Central Bank of Iraq’s reserves rose from $49 Billion dollars to $86 Billion and that changing the dollar exchange rate was one of the most successful decisions they took …He says this over, and over, and over again. Now they have not changed the dollar exchange rate significantly that we can see in the markets. So what is he referring too? Well, I believe they have already started moving forward over there. Unfortunately nothing is in our pockets yet. But, I believe they are moving forward.
[Al Maliki has been released on bail and is now on house arrest.]
I have been trying to confirm this….if it is true it’s an absolutely huge piece of news for us!! Maliki has been in our way since the beginning. This would be an enormous move forward for Iraq and a possibility for a revaluation of the dinar.
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Pimpy
Article:
“Does the issuance of the new category contribute to the increase in inflation?”
Of course it does…It’s not a good thing that they want to do this [print a new 20k note]…this doesn’t help the Iraqi dinar. Think supply and demand. The more they keep printing of them the less valuable they are. I don’t think they need any more currencies. Deal with what you got…I’m hoping they don’t do it.
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Kaperoni
Guru Nader claims Iraq is going to delete 3 zeros. I’ve stated numerous times we do not want to see that happen, deleting the zeros is a neutral event LOP.
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Frank26 (KTFA)
The reforms are marching forward. The political crisis is now being stimulated by the UN…Jeanine [From the UN] told Kazemi…if he doesn’t sit his government we’re going to put them back into Chapter VII…In this case this will be a catalyst, a stimulus, booster rockets for the monetary reform. IMO Kazemi doesn’t not want to start all over again. If he enters Chapter VII…that’s a lot of steps he’d have to redo again… The people would tear the country apart. He wants peace. He doesn’t want war. He wants monetary reform for the citizens.
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Breitling
Question:
“What is the central banks’s position on the government of Iraq?”
They’re fine with it…I keep telling people there’s no difference between the Sunni and the Shia. They’re definitely fighting for control. On how they treat the currency it’s exactly the same and the evidence of that is that the CBI has never changed its policies. Ever.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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