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Dinarland Highlights for November 18, 2022

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Dinarland Highlights – 11.18.22

Pimpy

This government is just now getting formed.  It’s now starting to rock-and-roll.  We’re going to see the budget here shortly.  We’re going to find out what the truth is as far as the exchange rate is concerned….we will find out soon.

Community comment:
$1.12 would be nice.”

I had meeting notes from the Central Bank of Iraq and in there was a lot of talk about the government at the time wanting to change the exchange rate to $1.12…this was when Dr. Shabibi was in control of the Central Bank…this is when Maliki was trying to consolidate all his power…

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Mountain Goat

Article:
THE HOUSE OF REPRESENTATIVES REVEALS URGENT MEASURES TO REDUCE THE EXCHANGE RATE OF THE DOLLAR

Quote:
“...new measures will be taken soon to reduce the exchange rate of the dollar.”

I have to tell you the pressure to “reinstate” the dinar to FOREX is building…

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Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Bank friend said if the budget gets to parliament by the 9th that by the end of December it will be voted on and passed to the president to sign. This appears to put us in January, anywhere from the 1st on through the 1st quarter.

FRANK: If they can get to parliament by the 9th and if they can review it up until the 30th of December then we’ve got a good chance for the 1st.

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Walkingstick (KTFA)

[via Frank26]

The HCL and the census under article 140 and the INOC (Iraq’s National Oil Company) and other entities too have agreed with Kurdistan on the HCL.  There is no delay.  There is no stopping it.  That’s why you’re seeing things move so fast.  There are no delays to the budget due to the HCL.  All systems are go…

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MarkZ

[via PDK]

Redemption Centers are on call this weekend.   We do have a lot of chatter coming out of Iraq about this weekend. About a hoped for change in rate this weekend… So the biggest news is the chatter out of iraq that this is the weekend for a rate change…. I think we are close…we will see over the weekend.

There is a whole lot of chatter right now for Iraq and this weekend…AND for Monday for us to start exchanging. We will have to see how this pans out…I am very hesitant to get excited…But, the chatter is really, really good.

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Samson (KTFA)

Article:
US oil reserves fell to the lowest level in 38 years

Quote:
The strategic oil reserves in the United States decreased in the week ending November 11, by 4.1 million barrels, or 1%, to 392.1 million barrels, following the weekly review of the Energy Information Administration in the Ministry of Energy in the country. Since March 1984.”

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Bruce (The Big Call)

[via WiserNow]

…Iraq, is looking to bring out their new in country…dinar rate – meaning in…Iraq…it is way higher than it is. We would be thrilled to get this rate here in the US at our redemption centers, but the rate that we’re gonna get is higher yet than what we’re talking about for Iraq. They’re supposed to bring their new rate out either Saturday or Sunday… I’m not at liberty to tell you what it will be – but it will be very strong, especially for an in  country rate for Iraq.

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Kaperoni

People need to realize they devalued the Iraqi dinar two years ago for a specific reason they didn’t do just because they had nothing better to do. Reducing the dinar from 1170 to 1460 saved Iraq a lot of money, it also stimulates their own economy.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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