Dinarland Highlights – 11.20.22
Redemption Center contacts are on call for the weekend and will spend a few hours at work Sunday afternoon. My contacts expect a very busy week beginning early in the week…They are looking for things to start very early this week.
They expect the 2023 Iraqi budget by the end of this month or early in Dec. We were told by many sources in Iraq that they expect the new value of the dinar by the CBI before the new budget. This gives us a very short window. I think it’s good news and gives us something to look for. In the last week they have told us that now it falls totally with the CBI. The government has told us they need the new rate for the new budget. I think we are looking at the magical confluence of events to see the value change of at least the Iraqi dinar if not the entire reset.
“CENTRAL BANK INITIATIVES.. WIDE ACCLAIM AND TANGIBLE RESULTS FOR IRAQ’S ECONOMY”
There is no doubt that the CBI has a long-term plan that began with the devaluation in 2021. It is in the White Paper.
But will they continue with the progress they have made or will Al-Sudani give up on the White Paper?
He has not mentioned it at all since taking office. Let’s see what he does. He does seem to have some good policies so far if he carries them all out.
“30% trading volume increase in Iraq Stock Exchange in October 2022“
…the percentage of foreign shares in total trading volume increased from 8.2% in September to 11.3% in October. What this statement means is there was a lot more international money reaching the doorstep of Iraq other than the oil industry.
[Iraq boots-on-the-ground report]
FIREFLY: There was a two hour program on our Channel 1 news…they said they did an oil exploration and it has confirmed Iraq is basically floating on oil.
FRANK: NASA did aerial shots of the territory…and they were able to find out Iraq sits on a lake of oil bigger than Lake Michigan. Bigger than Lake Eire. The whole country is nothing but oil…everywhere you walk the oil squirts out of the sand…oil makes the world go round. Wow…that’s one of the reasons why I invested in the Iraqi dinar…
When the exchange rate takes place it isn’t going to be for like 7 days and 10 days like I heard some people say. No. When a rate changes that’s the rate. You’ll have plenty of time once the rate change happens. If it’s anything major, make no doubt about it, you’re going to hear about it one way or another...
Iraq literally imports everything into their country for their economy to operate. Until that changes and Iraq diversifies, creates their own economy, begins manufacturing, agriculture, etc. there will be no change in the dinar value. And if and when that day comes it will not change overnight, it will rise gradually over time based on the success of that economy.
Let’s talk taxes…[changes] are hidden inside what they call “The Green Book”…when the RV comes to fruition it’s going to move you up. It’s going to catapult you right into the net they’re setting out in front of us…There’s going to be “surcharges” on certain high-income taxpayers..The green book proposal would raise the top tax bracket to 39.6% from the current 37% and reduce the applicable income threshold to 400,000 for individuals…$450,000 for married couples filing a joint return.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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