Advertisement

Dinarland Highlights for November 6, 2022

0
299
Advertisement

Dinarland Highlights – 11.6.22

MarkZ

[via PDK]

[If Kuwaits rate is $3+…wouldn’t Iraq’s be similar?]

I think Kuwaits rate is around $3.35 and yes…they want it close to parity in the region for stability.

______________________________________________________

Mountain Goat

…almost all the articles today in the news are about changing the exchange rate of the dollar thus the dinar to coincide…Yes, there are 8 articles on the subject matter…we read comments and opinions about changing the rate of the dinar from the World Bank, the economic expert, Jalil Al-Lami, the State of Law Muhammad Al-Shammari, the representative of the Al-Fateh Alliance, Salem Al-Anbaki and the Prime Minister Muhammad Shiaa Al-Sudani himself, who directed all ministers to prepare and present the government budget program within a week, indicating that changing the dollar exchange rate is a prerogative of the Central Bank.

______________________________________________________

Nader From The Mid East

[Looking at the dinar exchange rate chart on google]

It’s been since December last year I didn’t see this line [exchange rate line going upward].  I’m excited about it.  Something is happening.  It’s weird because no news today for the Iraqi dinar says that, ‘the Iraqi dinar is going up‘?

______________________________________________________

Breitling

With the dinar, whether it revalues soon or whether it revalues later it doesn’t matter…it’s super important that you understand this.  People have been sitting on the dinar and just sitting …that’s completely wrong…don’t get locked up in one type of investment …I’m always involved in something new…If you try to make money in one area and you don’t expand, something is going to come along and eat it up.  Whether it’s health problems or a myriad of things coming down the road that can mess with you.  That’s why you can’t stop…

Advertisement

______________________________________________________

Pimpy

They’ve [Iraq] come a long ways.  They’re out of Chapter VII…they have $90 billion in foreign reserve assets… 132 tons of gold.  They’re doing all the things all the things necessary just to protect the current let alone increase the rate.  Give it a little time.  It’ll happen as long as they continue down the right path…

A 4000% increase in value of a currency overnight is unrealistic.  No currency has ever jumped up that high, that quick.  You’re more likely to see it happen in increments.  I don’t want you guys to get discouraged.  I’m not saying that it won’t get up in value.  I’m not saying that it’ll never reach $3.22.  But this is not going to happen overnight.  It’ll be in a progressive manner. 

______________________________________________________

Frank26 (KTFA)

Article:
A sudden drop in the dollar exchange rate in Erbil

2 WEEKS AGO THE DOLLAR EXCHANGE RATE DROPPED IN IRAQ THEN LAST WEEK WE HAVE ANOTHER ARTICLE WHERE IT DROPPED AGAIN AND NOW THIS WEEK WHERE ONCE AGAIN THE RATE HAS DROPPED…THIS IS CALLED A GRADUAL REDUCTION. TA DA”

______________________________________________________

MilitiaMan (KTFA)

Article:
Deputy Ali Al-Mashkoor: There is a ready-made version of the budget that needs amendments only

There is a ready-made copy of the 2022 budget I suspect.  The oil and gas law is not a new law. If not mistaken the EFSL has this covered for and in the year 2022.  It only needs amendments not new law(s).  Timing is of the essence it appears as there will be great loss. Regardless of easy or not the private sector and the citizens want the exchange rate to be an international one.

______________________________________________________

Advertisement

Samson (KTFA)

Article:
Al-Maliki’s proposal to reduce the exchange rate turns into a popular demand, and the Sudanese are facing the test of implementation

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