Dinarland Highlights – 10.18.22
If the RV wasn’t needed, the UN wouldn’t have gone to the security council, and threatened drastic action… Iraq is sitting with the IMF right now, talking over implementation details.
“Al-Sudani: Our government’s program has made poverty alleviation a priority“
Poverty is a part of the US Chamber of Commerce’s Mission Statement. Well getting the HCL / Via Purchase Power will help alleviate that quickly… imo We have been seeing a lot about these meetings in Washington DC this last week and today is adding to the list of support that Iraq is going international. Lets keep an eye out for the WTO and see if they are still pushing for Iraq to be international and, “As soon as possible“.. imo.
Getting the purchase power is all about the citizens. My contact source “a Doctor” from Iraq tells us that the citizens are happy and expectant of a rate change…I am in a good place as I understand it to be, it is not all about Iraq.. It is far bigger than that and it is definitely underway and we see evidence…
[Iraq boots-on-the-ground report]
FIREFLY: If soon we get one [government] seated the only thing left would be a rate change. All dots have been crossed and dotted if government formed. FRANK: The pressure from the UN and the international world allowed this to happen very quickly…
“The coordinating framework reveals to Nina the features of the new government formation and the date of granting it confidence“
They said 14 [days] then they said 10 days and I said 8 days would be enough. What did they say in this article? 8 days.
“In all cases, next Monday we will have a new Iraqi government“
Still a bit quiet on the RV front…bond folks are still waiting to be paid. This surprises me based on conversations I have had with many bigwigs… I am still being told they are still getting lots of guarantees that they will have FULL access to their money…not partial…this week…and the can will not be kicked again……fingers crossed.
“USDA announces it will begin paying off $800 million in farm loans…”
one of the things we have been looking for as a key indicator as to whether we have started or not is the cancellation of farm loans and forgiveness and farm claims…So this article dropping today…is (imo) pretty important. Especially when you couple it with the sudden chatter on the bond side…
A number of my bond people were contacted today for “Final Instructions”… This is huge. This is the first time many of them were asked these questions about final wiring and banking instructions…where and what accounts the money ends up.
[From MarkZ post 10-14-2022: …When they do get access…we will be right on their heels…]
We will be watching it closely overnight into tomorrow. But i believe it has started…The chatter today has been exceptional…Let’s see if it gets us across the finish line or not.
“The central bank resolves the controversy over changing the dollar exchange rate“
“Central Bank Adviser Ihsan Shamran al-Yasiri said, “The Central Bank of Iraq is an independent body, and the exchange rate adjustment is done in agreement with the government, and there are now no efforts to change it…”
“State Administration Coalition: Saturday is the date for voting on the government“
What does this [new GOI] mean for the exchange rate?…Maliki is most likely to be nominated to Vice President but…They’re gonna find a way to maneuver him into the prime minister’s position…I told you…if Maliki and his people got into power you would see an increase in the value of the Iraqi dinar. Most likely the first step is to increase it back to where it was – 1190. I do remember Maliki talking about him getting the exchange rate up to $1.12 at one time…the only question is…if they do change the exchange rate are we going to be allowed to sell our dinars? I hope so. We’ll find out.
I do not understand the new prime minister’s designation. One news agency called him a nominee…[Another] called him a PM designate. These are high ranking news agencies so something is going on…
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