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Dinarland Highlights for October 13, 2022

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Dinarland Highlights – 10.13.22

MarkZ

[via PDK]

Bond contacts have lit me up starting a few hours ago…a Zurich contact told me…they expect to be home and well funded and liquid by Friday evening. He would not give me any more than that on timing…

[So if bond people liquid by Friday…that means (tier) 4b this weekend… yippeeeeee.]

That is what I am thinking as well…i don’t have any information telling me this…it just makes the most sense. If they are done by then…well, one of two things…we are either going to appointments or setting our appointments…cross your fingers.

…bond folks are sure geared up…I am excited for them and hope they will be (like they expect) be home by Friday evening with money in pockets. That is still the rumor out there.  I think it is tight on the timeline but, the bond folks are extremely excited that they could be finished… That is their news- not mine.  Bond folks did not receive dollars overnight but, they are just now entering their window of expectations today…cross your fingers. Pray they get their blessings. When they get their blessing…we get our blessing…the general consensus is within 72 hours of them…we will be making appointments…

News today…wow…where do we even start. The news has been overwhelming today…Articles:  “Al Kazemi congratulates Al Sudani for his assignment to form the new government” and this one “A member of Fatah-Al Sudani will announce his booth within two weeks and reduce the dolar exchange” Pay attention to that one. They have given us a time as to “when”…This is enormous news today. If they are telling you two weeks …that means they have to do it before then…imo…

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Clare (KTFA)

Article:
A parliamentary source reveals the number of votes required for a presidential candidate to win

Quote:
the first round of secret balloting, if the candidate gets 220 votes, then he will go to a second round between the first and second winners, and whoever gets the highest votes will win the position of the presidency…In the second round, any candidate who gets more than 165 votes will be the president of the country.”

Article:
Al-Kazemi congratulates Abdul Latif Rashid on his election as President of the Republic

NOTHING IS OFFICIAL UNLESS THERE IS A VOTE OF CONFIDENCE ON THE PM DESIGNATE AND IF NOT THEY HAVE TO NOMINATE SOMEONE ELSE.  SO WE NEED TO WAIT & SEE HOW IT DEVELOPS

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Frank26 (KTFA)

The next big thing that we’re looking for is the government to be seated and the pressure from the U.N. and the international world is going to get very loud this week.  I think we’re going to see an awful lot about the trueness of the government of Iraq. 

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David M. Witty

Iraqi parliament vote for president of the republic is between 2 candidates, Barham Salih, the current president, and Abdel Latif Rashid, a former minister.

Iraqi Parliament elects Abdel Latif Rashid as new president of the republic. Rashid to nominate Mohamed Shiya Sudani as new PM.  In Iraq, PM designee Mohamed Shiya Sudani: I will form my new government in the shortest time possible.

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RayRen98 (TNT)

Prime Minister-designate Muhammad Shi Al-Sudani now has 30 days to form the government.

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Kaperoni

Guru Mnt Goat continues to argue that someday the Central Bank of Iraq will delete the zeros.  [Reference Mnt Goat 10-12-2022 below]  Well if they implemented delete three zeros plan it is a neutral event LOP. This is well documented including articles from the central bank.  It is my belief Iraq will never implement the delete 3 zeros that it’s only an option that they keep throwing out there to keep speculators out of buying dinar.

That being said the delete three zeros is constantly being discussed and has referenced that it would take parliament approval. Again, this confirms the delete 3 zeros is a neutral event LOP because it changes the value of the notes in circulation.  This would be the only reason Parliament would have to be involved in monetary policy…the central bank is independent in monetary policy. 

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Breitling

Community comment:
It’s been over 20 years and they’re still having problems in their parliamentary and in their government positions.

Watch the fundamentals…policy-wise.  Then it makes sense.  It’s not 100% it’s 110% that they’re gonna add value to their currency.  But it’s not a get rich quick scheme…

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Courtesy of Dinar Guru

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