Dinarland Highlights – 11.13.22
“PARLIAMENTARY FINANCE EXPECTS THE DATE FOR APPROVING THE 2023 BUDGET“
…I have to tell you don’t expect the budget until 2023…Yes, I certainly hope they will send it to parliament this month of Nov and quickly read it and pass it. But come’on folks, this is Iraq.
I know people are talking about their being a rate change inside the budget. I’ve mentioned that article as well, only to hear the Central Bank of Iraq come out the next day saying that it wasn’t true. Remember the people that are supposed to make the announcement are the Central Bank not the government of Iraq…
You have to pay attention to who’s giving you the news.
“Will Iraq’s new government reconsider dinar exchange rate?” You can see right here
“a number of leaders of the Coordination Framework…“
Who has been benefiting from putting out there all kinds of rumors causing speculators to run and grab up the dinar and then they make money off this…unless it comes from the Central Bank of Iraq I wouldn’t trust the news too much especially since we’re talking about the Coordinating Framework…
Once we have a seated government then you’ll have a budget that you can open like a piñata and then you’ll see the things that are in there…as far as the rate, we need the government announced and seated and then you’ll see the budget.
The governor of the Central Bank of Iraq is participating in the Autumn Conference of the Iraqi British Business Council which opened…Thursday in Dubai. The governor made several statements however this one statement is akin to what we hope to hear and see in Iraq…
“Money is the lifeblood and the means of development and prosperity, and we calculate that our banking sector is qualified to play the roles that everyone aspires to.”
We rarely hear from the Central Bank of Iraq…but since the Saudi Wealth Fund is investing in Iraq we are learning more about the CBI in the news…
“The Governor of the Central Bank of Iraq inaugurates a branch of the International Development Bank in Dubai“
The CBI opening a bank internationally with confidence is obviously a mile stone for the bank. An international move that is likely a sign of things to come.. Timing is perfect.
“Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term ‘corruption pandemic“
The central bank and the government are autonomous...the government has no decision making, period, in adjusting the exchange rate. It’s in the hands of the central bank and it’s proven to you right here.
“the Central bank of Iraq as the only concerned party in changing or restoring the dollar exchange rate.”
[We] are looking at it more as a 1 to 1 where they will eventually float…I love the fact that…all they talk about everyday in the streets is about a new exchange rate. That tells me the CBI has been very successful in the education of the monetary reform…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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