Dinarland Highlights – 12.27.22
Bruce (The Big Call)
[via WiserNow]
There’s no contract rate on dong…But there’s a very good rate…way more than we thought the dong would support even years ago…47 cents on the dong for years…When you see what the real rate is on the dong…Pretty amazing…
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Mountain Goat
Remember that January is the CBI’s most opportune time to change the rate of their currency to start off their new fiscal year. This is why they push also for getting the budget done by then. I am convinced this is now a factor too. Also we hear, as usual, that the latest HCL changes are going to be accepted and passed. …This is all excellent news.
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Frank26 (KTFA)
I think it’s important I say to you…the Iraqi dinar is not officially de-pegged from the American dollar yet (wink, wink, wink)…Iraq has still not been given Article VIII (wink, wink, wink)…the government is not officially formed yet (wink, wink, wink)…the calculation for the exchange rate is not in the new 2022 budget (wink, wink, wink)…
Don’t worry about the American dollar going up in value. It’s because of the de-p-----g of both currencies [dinar/dollar]. They will fluctuate. We are looking for the Iraqi dinar to float internationally and fluctuate…not inside your boarders. That is exactly what the CBI is setting up the dinar to do.
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Pimpy
Article:
“Central Bank: Measures to increase the dollar supply“
The people in Iraq…have more confidence in the U.S. dollar than they do their own local currency…Right now what we’re seeing is the U.S. dollar gaining in value over the Iraqi dinar which is not good, not good at all…now it’s…1560 with no official rate change yet because the dollar is increasing in strength which I have no idea how. Their currency seems to be getting weaker.
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MarkZ
[via PDK]
“Al-Rafidain announces the suspension of withdrawals and deposits in savings accounts for citizens”
Don’t Panic…this is just frozen until Jan 2…they claim its until they can end the books. I find the timing very interesting with what I am hearing they are going to attempt to release that new value in country before Jan 2nd. This is what we are looking for now….
Painfully quiet today for those that…want the RV News…Crazy quiet, like the hours before a major storm…
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Sandy Ingram
All this talk about revaluing the currency is only about taking the currency from 1500 IQD back 1150 IQD approximately to 1 US dollar. All this commotion does not include the revalue we are looking for. At least not yet.
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Clare (KTFA)
Article:
“MP Al-Qaisi: The government is able to rein in the dollar at any moment it wants“
Quote:
“With the hundred billions stacked in the Central Bank’s accounts, and with the tons of gold stored in them; in addition to the treasury bonds in the US Federal Bank, controlling the market is subject to a government decision capable of curbing the dollar at any moment the government wants. He added, wondering: But when will you take this step!?“
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Samson (KTFA)
Article:
“After years of delay and disagreement… an agreement by the “majority” to pass the Oil and Gas Law”
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Paulette (KTFA)
It is an interesting dichotomy happening right now as not only did the banks stop buying as much USD but the money changers have also in spite of the rate being at its worst since I have followed. Why are the Money Changers reportedly being cautious with any purchases of USD when they could resell at a larger profit than they have been able to attain since the move to 1460. It is totally illogical unless they know that they don’t want to be moving IQD to USD out of fear of being on the wrong side of an economic move by the CBI.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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