Dinarland Highlights – 10.12.22
“THE CENTRAL BANK CLOSES THE DOOR TO CHANGE THE DOLLAR EXCHANGE RATE.. WHAT ABOUT THE PROJECT TO DELETE ZEROS?”
“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.
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.
“The judiciary releases Al-Maliki on bail after appearing in the leaks file“
“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.“
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.
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.
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.
“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
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