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Dinarland Highlights for November 12, 2022

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Dinarland Highlights – 11.12.22

Frank26 (KTFA)

Article:
Al-Sudani is preparing to launch a ‘big reform project’...”

[BOTH THE ECONOMIC & MONETARY REFORMS] “…for the economy

A PROGRAM RATE CANNOT DO THIS THAT’S WHY SUDANI TOLD THE IRAQI CITIZENS WE ARE ADDING VALUE TO YOUR
CURRENCY.


Quote:
“…this project works to…conduct banking reform that enables the agency to have correspondent banks abroad, adopt international standards in the field of banking reform…”

THE INTERNATIONAL WORLD WILL NOT ACCEPT A PROGRAM RATE!

Once you see a seated and announced government…you will see your budget…white pagers…exchange rate…new small category notes.  It may still be a little bit out before we get there but everything we are saying is confirming where we are heading…

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MarkZ

[via PDK]

Iraq’s 2023 budget is expected to be its largest yet”

[Guru] Nader…talks about them voting on their new budget… I am hearing we are expecting to get a rate with that vote. This is expected in the month of November. That is what I hear from my finance minister contacts over there.  

Very quiet on the RV front…it really is dead silent from top to bottom. I believe silence is golden…but I could be wrong. Contacts have given me their clear expectations and we are still in that window...I know it’s frustrating…we are all tired and want to see big changes…They have done everything… It is now in the CBI’s hands. We are just waiting on a rate change.

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Pimpy

Article:
Central Bank Governor: The current dollar price will be established for years and there is no intention to change it in any way

We know the Coordinating Framework as well as Sadr made promises to have the rate change happen…the governor of the Central Bank of Iraq says…they have no intentions of changing it for a few years…

A currency that has an increased value benefits Iraq if they’re mostly importing because you want to have more for purchasing power.  If they want to be big in exporting to the international community then obviously a cheaper currency is what they want.  If they are a country that does more importing than exporting a higher currency is what you want because you have more purchasing power.

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Samson (KTFA)

Article:
Central Bank Governor: We were keen to facilitate the procedures for opening the first branch of a private bank abroad

Quote:
Ghaleb said…the Development Bank “opened branches inside Iraq and spread in almost all governorates, and worked to provide international requirements and standards for launching to the regional region, and its first step was the UAE

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Jeff

Article:
Central Bank Governor: The current dollar price will be established for years and there is no intention to change it in any way

Remember guys do to insider trading laws Iraq cannot and will not tell you they plan to increase their exchange rate…they can’t tell you an increase is coming it’s a violation of insider trading laws…

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Walkingstick (KTFA)

[via Frank26]

All historical redenominations have occurred in an orderly fashion…IMO when they release the 2023 budget into law it will be before 2023.  IMO the first quarter of 2023 will allow all of this to be shown.  The last quarter of 2022 is also important to set up the 2023 budget in the first quarter for constitutional and accounting reasons and for it to become law…so far all is on course.  Everyone is on the same page…The CBI and GOI are now married and on their honeymoon.

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MilitiaMan (KTFA)

Article:
Central Bank Governor: We were keen to facilitate the procedures for opening the first branch of a private bank abroad

Opening the first private sector bank outside of Iraq is not a small accomplishment. It actually has massive implications, imo. Internationalism is a big deal and it will require an international relationship at a higher level than it is today.

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Nader From The Mid East

From the beginning I said the exchange rate it’s not under the budget and it’s not going to be in a budget.  The CBI who make the decision.  It’s not the government.  The government can vote for it and push the CBI but if the CBI says no it’s no.  There’s no choice.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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