Dinarland Highlights – 12.15.22
Mountain Goat
The IQD from Iraq…MUST be reinstated in order for Iraq to progress forward with any success to the global markets if this is what they truly desire and they tell us this is where they want to go. But they will have to overcome the puppetry of Iran first. This RV journey will end and I can…see the road ahead. I can see the end point now and it is not long off. The pressure is building and now even many more economists are now pushing for the FOREX reinstatement...
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MarkZ
[via PDK]
“Central Bank of Iraq auctions more than 138 million in foreign reserves today“
Why do I bring this up? The transactions were made in a 1460 dinar to one dollar. This is the official rate according to the CBI and forex right now. There is a “parallel market” on the streets. Venders and the ISX-Iraqi stock exchange are different then what the CBI presents to the world…. This is our first hints that Iraq is pushing towards a float…at least internally.
There is a whole lot coming out of Iraq right now and holy smokes it has been an interesting overnight and early morning already. Things have lit up overnight…We know they have finished all their requirements and now it looks like they are off “stuck” and moving quickly... What I am hearing coming out of the banking side. Meetings started yesterday late in the evening…as they try to prepare for this...I don’t have any timing from bankers yet…they were still in meetings late last night. I cannot wait to get updates today.
[Why do you think we will see the RV and not a float happen?]
Because they want us to think the float is going to happen…a float in Iraq will not fix the problems of the world…it will help the Iraqi people but the Iraqi dinar is one of the biggest pistons in the GCR…. So that and the fact that a majority of my exchange related contacts bankers and paymasters are absolutely convinced we will have the full blown RV and not a float.
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Pimpy
Article:
“Iraq is looking forward to a development leap after turning the page on Kuwait’s compensation“
Iraq is done with Kuwait…this opens up a ton of doors for Iraq…it’s a…huge positive step towards any real major changes to the revaluation of the Iraqi dinar…
Quote:
“we are expecting a resolution from the United Nations Security Council at the beginning or this year to remove Iraq from the problems of Chapter 7…and to get rid of more than 40 resolutions imposed on it because of the Kuwait War…getting rid of article 7 opens up great opportunities for Iraq to integrate into the global community.”
…The UN Council removed them out of Chapter 7 but they still left on all the d--n restrictions. What good was it? They still needed some of these resolutions to be removed…They have now paid the last remaining balance of the debt owed. Let’s see if the United Nations moves quick enough…
Quote:
“the composition file was finally closed after Security Council resolution 2621 of 2022.“
They are done people. We’re just waiting to see what it is the United Nations does.
With all this speculation going on with the exchange rate you really have to question what is really going on. Are these individuals who are privy to the truth about the exchange rate and that some change might be taking place, therefore they’re starting all kinds of speculator rumors which drives up the value of the dollar against the Iraqi dinar allowing people to buy more dinar for the dollars because they anticipate a change in the rate that would benefit the dinar…?
The draft budget has been sent forward. So far there doesn’t seem to be any changes that need to take place. There is an actual decent chance this budget might be passed before the end of this year.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We were told that the last payment for Kuwait has been made. It was paid off yesterday…
FRANK: To see Kuwait is finally satisfied with the restitution that Iraq needed to do with them because this is one of the precursors of the new exchange rate through the IMF…is exciting. I can see your excitement.
“International”. There is no other word for us to be interesting in right now…It’s so important that you understand Iraq is reaching to the international world. Their arms are wide open. They’re hugging everybody…international. This is powerful.
IOO the [New] ATMs are not the ATMs the citizens are going to right now. There are old ATMs that are dispensing the old 3-zero notes. There are thousands of ATMs that are just sitting there.
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Clare (KTFA)
Article:
“The International Monetary Fund: the reserves of the Central Bank of Iraq will rise to 100 billion dollars“
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Walkingstick (KTFA)
[via Frank26]
A pairing is what we now are looking for…because it will start to reveal what the Iraqi dinar is doing is a float…the pairing will lead the Iraqi dinar to an exchange rate equivalence…the IMF and the U.S. treasury…will only allow the float to be a plus or minus 2% to 3%…until they cap it.
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Paulette (KTFA)
It is very possible that the CBI may “restructure” the currency before Parliament receives the budget for the “1st Reading “. At least, that is what I am hopeful for…I…am glad that Parliament did not receive the budget prior to adjourning for their required 30 day break. IMSO, this bodes well for seeing the “restructure” occur before Parliament returns. This is the step I have waited for as it will determine much about the potential windfall of this “speculative investment”
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MilitiaMan (KTFA)
Article:
“The budget law may interrupt the legislative recess of the House of Representatives”
What is not to like about this and the timing of it. The PM has the final touches to the Draft Law.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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