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Dinarland Highlights for November 8, 2022

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Dinarland Highlights – 11.8.22

Pimpy

Question:
Can the Iraqi dinar reach an exchange rate of $3.22?

Of course it could.  But there’s a lot of things they’re going to have to take place in order for that rate change to actually happenI don’t see the Iraqi dinar going up in one huge jumpAs the economy recovers and their infrastructure starts to rebuild you’ll see it probably go up in smaller increments, not all at one time.

Article:
Al-Eqabi: The 2023 budget will be explosive…and reveals the reason for Al-Najjar’s resignation”

Here’s the talk of the town…we know they have a huge surplus…by the end of this year and next year they should have…about $200 billion dollars to do whatever it is they need to do to help rebuild Iraq.  They should have an explosive budget…it appears they’re going to change the exchange rate.  I’m not expecting any huge jump…but any positive step is welcomed of course...

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Frank26 (KTFA)

Article:
Al-Eqabi:  The 2023 budget will be explosive and reveals the reason for Al-Najjar’s resignation

Ka-Boom! What we told you ‘IOO’ is now a standing ovation…The education of the monetary reform told the citizens in explosive details!

Quote:
After changing the exchange rate, the 2023 budget is sure to be explosive and we expect it’s actual revenue to reach $120 billion dollars…”

By the way a program rate is not an explosion!

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Samson (KTFA)

Article:
“Economic Center: The 2023 budget is the largest in Iraq’s history… offset by a significant increase in prices

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Jeff

Iraq cannot and is not even eligible to revalue the currency in the middle of a budget period.  Iraq had a brad new budget period that started October 1st which is their 7th month.  It’s the second half of the year.

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MarkZ

[via PDK]

…it is dead silent from all my sources from paymasters , bankers, redemption centers…you name it. Right now it seems all eyes are on today’s election outcomes.

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Kaperoni

Iraq will follow the directives of the IMF. And the IMF made it very clear several years ago about the dinar gradually appreciating over time based on the economic success. This is the path Iraq will take.

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Sandy Ingram

Article:
Iraq plans to produce cars locally in partnership with Egypt

Iraq is following in the recommendation of the IMF and creating streams of income outside of the oil industry…

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Nader From The Mid East

I think they’re going to put it 1 to 1.  I don’t think they’re gonna put it 1200 or 1350.  When I don’t know…the exchange rate they’re gonna change.  When?I don’t know...Me, I’m targeting 2023.  If they do it before, good for them and good for us.  I wish they could do it before…it’s a waiting game…when they stop selling dinar for a couple of days all over the world, you know that money is gonna switch…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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