Dinarland Highlights – 11.7.22
I am seeing a trend here is the recent many articles about this 2023 budget issue. They keep talking in the same articles about also the dinar and changing the exchange rate. Could this be they want to budget in the cost of doing the project to delete the zeros and then reinstate it? They will have to move with urgency to meet the January target for the best time to RV. By the way the December 2020 devaluation did not occur until January of 2021. They only approved the devaluation in December. So go figure. They took the best window of time to do it, as the CBI has said all along that January is the best time for accounting reasons.
[The GOI has no say in the exchange rate…strictly CBI.]
Yes… In iraq…minister after minister have told us that…Its up to the CBI now.
Quiet on the RV and bond front. In an Article this weekend. “The new Iraqi government will seek legitimacy through populist policies” What is the most populist policy in iraq? The restoration of the dinar value. They want their value back…
I wish I had something for you guys on the RV front…but the news is just not out there…it was quiet today…just as we expected. My guess is the news will pick up pretty heavy by Wed. I think all eyes are on tomorrow.
[Why are bankers saying revalue this week? Do you not agree?]
I don’t know any bankers that are saying they are going to revalue anything this week…Bankers are very very anal. They are very stoic. They are very centered. You go up and ask, Well’s Fargo – “No.” …that’s their policy they will never say anything. If they telegraph the whole bank gets shut down. Ask Martha Stewart.
“Announcement of a tender for the supply of currency counting and sorting machines“
FAMILY THE CBI DOES THIS YEARLY BUT THIS TIME IMO FOR A NEW NSCN.
“Iraq is the largest purchaser of gold in the second quarter of 2022“
Iraq is the country that is the largest purchaser of the yellow metal for the second quarter of 2022, while maintaining its 30th rank in the world among the largest countries in possession of gold reserves…
“Iraqi parliament to ‘devalue dollar-dinar exchange rate’ to control rising prices“
The Iraqi parliament is pushing the Central Bank of Iraq to revalue the U.S. dollar to curb inflation. So far the Central Bank of Iraq has said nothing.
Nader From The Mid East
Latest news, the dinar sales gone down since 2 years. It’s getting good…I think a lot of news is going to come out this week.
Like most elections everybody talks a good talk but not very many people could walk the walk…I’m still impressed with the fact that they are not interested in making Maliki the Vice President. I’m not sure if they’re just going to shut him out altogether that remains to be seen and it appears…al-Sadini does not plan on changing the path away from the white papers but instead continue to follow down that path. Let’s keep our fingers crossed and see how everything works out…
“Planning announces the start of preparing the 2023 budget“
They say there will be many considerations, including changing the “situation and the government”. Those two items are clearly CBI and GOI related…They will adjust the figures in the budget to reflect exchange rate changes, fairly simple…The expectation is that according to data will not be long from now.. Imo… I really like the data they are putting out to support this view.. A lot!
“Parliamentary Finance clarifies the return of the dollar exchange rate“
“the exchange rate will continue without any change at least during the next year.“
…None of this is truth. This is all just hot air and BS…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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