Advertisement

Dinarland Highlights for October 12, 2022

0
342
Advertisement

Dinarland Highlights – 10.12.22

Mountain Goat

Article:
THE CENTRAL BANK CLOSES THE DOOR TO CHANGE THE DOLLAR EXCHANGE RATE.. WHAT ABOUT THE PROJECT TO DELETE ZEROS?”

Quote:
the process of deleting zeros from the currency needs to legislate a law and requires some modifications, and the atmosphere must be available to accept such modifications,”

So, does the CBI need parliament approval…It clearly states in black and white that it does.

I…know for a FACT that before the CBI will conduct the project to delete the zeros someday, it will have to get permission from the Finance Ministry thus the cabinet, to which writes the legislation and passed it on to parliament for debate and passing into law. The Finance Ministry is a ministry as part of the prime minister’s cabinet so the prime minister in charge will have a big say in it too.

Why does Kap [Guru Kaperoni] say it does not?

[Reference Kaperoni post 10-6-2022]

…I know the plan of the process to reform the currency given to us in 2011… I would never even allude to a LOP.  Dr Shabibi told us specifically that a LOP is a tool that applies to certain conditions of currency reform for hyper inflationary situations and that there was no reason to apply it to the IQD dinar since inflation can be controlled and managed and is not out of hand. Situations like in Zimbabwe are a good example of applying a LOP. 

______________________________________________________

Frank26 (KTFA)

They are running out of time because the UN wants to put them back into Chapter VII.  If they go back into Chapter VII that could be really bad.  REALLY bad…we not only have the UN pushing Kazemi to sit his government.  But we also have countries that have signed contracts with kazemi…there’s this pressure now from two directions.  The pressure was internationally.  Now the pressure is internationally and from the Untied Nations, internationally.  This pressure I think is going to be very good for what we’ve got…

[Iraq boots-on-the-ground report]

FIREFLY: It looks like the CBI wants to recover dinars by the end of this year…at same time they want to rid the smaller banks of all corruption and then start helping improve the banking sector.  This already has been done…the plan is to have currency returned…this would pave a way for a new rate with a  new budget at the beginning of the year.

______________________________________________________

Samson (KTFA)

Article:
The judiciary releases Al-Maliki on bail after appearing in the leaks file

Quote:
Judge Jaafar al-Moussawi, announced…the release of the leader of the State of Law coalition, Nuri al-Maliki, on bail after appearing before the judiciary in the case of audio leaks.

______________________________________________________

MarkZ

[via PDK]

I am still hearing it’s a goal for Iraq parliament to finally elect their president on Thursday…tomorrow…so they can move forward with their economic reforms. Once again my CBI source assured me that the CBI can change the rate without the government passing any more bills. They have reassured me on this.

[do you have any guess on rates?]

I am now hearing the dong could be closer to $3 or $4 and the dinar I am still hearing the street rate will close to $4 and we will get about $2 more on the contract rate in the “Oil for Dinar” contract in rebuilding Iraq.

Advertisement

______________________________________________________

Kaperoni

Guru Pimpy [Reference Pimpy 10-11-2022 below] is claiming that the new 20K note (even though the Central Bank of Iraq said it will not contribute to inflation) thinks it will…Whenever a central bank issues a new currency they don’t just flood the market with it and add it to their existing money supply, the currency replaces old worn out notes that are being pulled in. The same occurred when the 50k note was issued. It does not increase money supply.  In fact the introduction of a newer note (20k) could even reduce the money supply if it replaces a larger note such as the 25k.

______________________________________________________

David M. Witty

Iraqi Speaker of Parliament: the parliament meeting on Thursday will have one agenda item: electing a president of the republic.

______________________________________________________

Pimpy

If they [Iraq] could just get their crap together I still believe the value of the Iraqi dinar is going to go up in increments but much much bigger increments because you can’t stop your economy once it starts doing well.

______________________________________________________

Advertisement

Clare (KTFA)

Question:
the 26k note will be cancelled?”

THE 25K NOTE…NO, NOT AT ALL..THE NOTES ARE VALID THEY WON’T USE THEM IN COUNTRY.  THE NOTES WE HAVE WILL STILL BE ABLE TO EXCHANGE WHEN THE RATE CHANGES. IMO

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here