Dinarland Highlights – 12.18.22
Mountain Goat
The news this period is almost all about the c--------n in Iraq and what they plan to do about it…there is no way out of these c--------n schemes unless these currency auctions end. To end them they will have to reinstate the dinar and trade it globally…Why won’t the IMF or the US take responsibility and do the reinstatement? It is because of all the c--------n… It all goes back to…“what comes first the cart or the horse”? In other words, do they reinstate the dinar and then hope the c--------n will end or do they end the c--------n first, reducing the risk of failure in the reinstatement? I believe they have taken this second option…
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Pimpy
Article:
“Parliamentary Legal: An extraordinary session of Parliament if it receives the budget“
I’ve talked about this before. If they can somehow agree on the budget before the end of the year you will see an emergency session called to Parliament to pass it before the end of the year. That would be great news for the Iraqi people…
Al-Sudani appears to be the real deal Holyfield…a lot of things happening at the same time. Do I think they’re going to change the rate anytime soon before the 5 years? We’re just about to the halfway point anyways. Do I think it’s gonna happen before the five years? …I absolutely do. There’s going to be some astronomical change? No. I still think it’s going to go up in increment. The first step is going be to restore back to its original rate of 1190…I’m not trying to be a negative Nancy…the news I report is not negative, it’s realistic…hang tight it’s coming…
There’s no denying that there has been a ton of news regarding the exchange rate of the Iraqi dinar. But there are people out there mixing up the truth with BS…what is not being told to you is that the dinar is losing value as the people over there at the Central Bank are making changes to the the banking system.
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Frank26 (KTFA)
If you’re not prepared for the Iraqi investment to mature it might be pure hell for you when you realize what you have to go through not only with our government but with your friends and family and everybody else. You’re going to be targeted. But the worst target will come from our government. Give to Uncle Sam what belongs to him. Give the rest to God…
Community comment:
“We could be years at a controlled float.“
No. IMO they’ll probably get it capped within 6 months. It’s going to explode the moment they get it at the international world. Everybody’s going to use it. They’re all salivating for it.
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Paulette
the big move for Iraq is the “restructure”. The RI just increases their purchasing power on the International stage…
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Kaperoni
Iraqi economist Sumaisem stated…that Iraq can cannot return the dinar to its previous (1170) for 5 years because it’s bound to the white paper…and this is an obligation for the government so it cannot begin to decrease for at least three more years.
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KandG
Vietnam is doing business internationally with less than a toilet paper exchange rate – we may need to rethink this idea that Iraq can’t do international business on a program rate. I agree we see many encouraging articles showing a rate change but this particular narrative may need some additional thought IMO
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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