Dinarland Highlights – 12.1.22
MarkZ
[via PDK]
Well we certainly appear to be awfully close…I can’t wait to see what the next few days bring us…hopefully appointments.
[Mark, did u hear today is to be a pivotal day? Many seem to think it will be.]
…chatter is a bunch of contacts swear we should get announcements at some point today…. I think that is premature. I hope I am wrong…
[It would be such a blessing to receive the RV before Christmas! Do you think we will?]
I was astounded when we hit December without it…but yes I think we could see it before Christmas. …What you need to focus on is things are moving…
in Iraq:
“Parliament announces the agenda for the next Saturday session (completion of the ministerial cabinet)“
This is 2 days from now. Some people think this is important and that the CBI wants to see this government properly sat and all squared away before they change the value of the dinar. I still think it is solely within the CBI’s powers …but this is an important article based on what I hear out of Iraq…that the CBI wants to make certain that the government is truly secure.
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BeeDeeDub
[Reference Guru Frank26 Well Fargo Bank post 11-30-2022]
I PERSONALLY CALLED the…Wells Fargo Foreign Exchange telephone number…Wednesday, November 30, 2022, at exactly 7:45PM Eastern Time. The recording on that phone number explicitly stated “There are several currencies we currently do not offer, and have no plans of offering in the future, such as the Zimbabwe <<currency name>> and the Iraqi Dinar.” [Also] the Iraqi Dinar STILL IS NOT LISTED ON THE WELLS FARGO FOREIGN CURRENCY WEB PAGES.
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Mountain Goat
Article:
“IRAQ’S OIL GENERATES MORE THAN 8 BILLION DOLLARS IN ONE MONTH“
WOW! WOW! WOW! This is a filthy rich country! Yes, and the dinar is still 1/6 of a penny?…The monthly revenue of the IQD is more than twice that of the economy of Kuwaiti KWD, their neighbor yet Kuwaiti dinar is KWD 1 equaling US$3.26 (up 26% today) and the Iraqi dinar IQD equaling only 1/6 of a $US0.01. Can you see the artificial suppression of the IQD. Why? When will they allow the true value of the IQD to be reflected in its rate and have the rate traded internationally like the KWD?
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Pimpy
Article:
“Central Bank of Euphrates News: No denomination will be withdrawn from the Iraqi currency, and the 20,000 is in the process of being designed“
I like the fact that it’s definitely a lower denomination…they have the 250…500…1,000…5,000… 10,000 …20,000 and 50,000 so now they want to create a 20,000 dinars. What I’m anticipating is…we’re going to see the 25,000 and 50,000 dinars removed. Not right away but removed…they’ll definitely be heading in the right direction. That’ll definitely bring a lot of positive vibes to those individuals who’ve been waiting for the dinar to gain in value…
I can’t see them doing any kind of exchange rate on this budget. What do I think Iraq will do now? …Find as much [stolen] money as possible. Get back on track as quickly as possible. Issue a new type of Iraq dinar and this could be their excuse when they go to issue the new Iraqi dinar to delete the zeros – k--l two birds with one stone. Then go ahead and change the exchange rate...I don’t know how much longer they’re going to continue to move forward using the current currency that they have given the fact that trillions of dinars have been stolen. That’s just not going to work.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The CBI governor comes out and gives a statement on how it’s i-----l for him to discuss or even predict anything related to a rate change. He went on a rant. He talked like 5 minutes.
FRANK: Isn’t this something! …the governor comes out and says according to our constitution and our laws I can’t tell you we’re going to raise the value…
FIREFLY: Why even do this if something not about to happen.
Parliament is waiting for the new exchange rate from the CBI just like I told you…everybody waits for the exchange rate. They are all waiting for the exchange rate that is about to come from the CBI governor to the Prime Minister of Iraq Sudani…
…Once you see Article 140…HCL, the next thing you will see will be the new exchange rate…We’ve see Article 140…HCL is busting open the budget…In my opinion Article 140 activates HCL and that activation alone is what’s going to bust open the budget. In the budget we’ll see the birth of Article VIII to the reforms. Article VIII leads us to Forex…which then leads to a float.
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Walkingstick (KTFA)
[via Frank26]
[Walkingstick’s Iraqi Bank partner/friend update]
BANK FRIEND: When they introduce the GOI that’s when the exchange rate will be exposed in the budget. Because it will require laws to be voted on, to be passed, for the exchange rate to be used for the reforms.
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Clare (KTFA)
Question:
“now that the 2 Kurdish ministers are agreed does this mean they have a seated gov?”
THEY HAVE YET TO BE VOTED ON…DECEMBER 5TH…IT MAY BE A DAY TO SEE THE FULLY SEATED GOV imo
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Kaperoni
Like every year, Iraq’s budgets are created in dollars, then converted to dinar at whatever the exchange rate is. There is no significant RV of the Iraqi dinar…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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