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Dinarland Highlights – 12.25.22
Frank26 (KTFA)
2003 – That was 20 years ago. Don’t you think, would it be fair, wouldn’t only be logical, could we assume that the Iraqi dinar has gone up in value? Especially with the massive attention everyone is giving Iraq right now under the table quietly? So .26 which is approximately $3.22 is Ok. Then it wouldn’t be too bad to consider .29 is $3.44 …Remember what Kuwait said to the IMF? You can help them with their monetary reform but don’t you dare let their currency be higher than our exchange rate…what is Kuwait’s exchange rate?
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MilitiaMan (KTFA)
Article:
“Finance completes the first phase of the national strategy for integrity and combating c********n“
The automation of the borders is a major step in fighting c********n and adding revenues to the bottom line. All of it supports the investment environment within the country and the future true value of the Iraqi Dinar.
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MarkZ
[via PDK]
This to me is a big piece.
“Exchanging dollars in banks is a practical approach to achieve stability in the exchange market says PM advisor”
They need to create the infrastructure for an exchange and they are knee deep in it. They want it operational by January 1st. This is important for us to watch.
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Clare (KTFA)
Article:
“The Iranian currency recorded the largest decline in its history“
Quote:
“The Iranian riyal recorded, on Thursday, in the Tehran free market against foreign currencies, a new collapse, the highest since the “Iranian Revolution” in 1979, as the price of the US dollar exceeded the value of 400,000 Iranian riyals.”
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Henig (KTFA)
Article:
“Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget“
Quote:
“The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval.“
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Kaperoni
The key for Iraq is for them to build a strong diverse economy. In order for them to do that they need outside financial assistance from the world meaning they need to pass laws, create a suitable business environment and encourage investment to facilitate such an economy. This is the preferred method as it builds a sound economy with a currency and exchange rate supported globally by the world’s financial system.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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