Dinarland Highlights – 12.29.22
Mountain Goat
We are told in an article…that the budget will be in parliament ready for review and vote in two weeks. …That pushes it to early January 2023 to begin the voting process. …So, sit back and hang on. The news is about to get really good….
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MarkZ
[via PDK]
Some chatter…from a number of the large groups…They are telling us it should start this week but it won’t be until Jan 2nd for us to be in the banks. This is because of how the rollout is expected to happen…That is the chatter…I pray this is accurate. The chatter is unreal right now. The number of sources I have heard this from has been n--s… They are expecting us to actually be starting into the banks on the 2nd or 3rd at the absolute latest…now we have to see if it happens or not…we are seeing many things coming together at one time.
…I am still hearing great things that this will be our last few days…and our last “poor weekend” None of us know for certain but the chatter is exceptionally good….
[Is the 80 trillion dinar in circulation a problem?]
Not really…They have been busy buying much of the dinar out of circulation…left and right. Dr. Shabibi did the math some time ago when even more dinar was in circulation and he justified a really high revaluation price…. So based on what the man who designed the Iraqi RV…It is not an issue. A lot of dinar in circulation is what you and I are holding and it will be traded for oil with the “Oil for Dinar “contract.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: [His bank friend says] It’s really close. He says they’re just ironing out the final issues. He thinks when we see the HCL then the budget will appear to the parliament. Or if the budget goes first it will not be approved until the HCL is approved and implemented. FRANK: Either way I agree 100% on every direction/option he gave…yes it is very close…I believe you’ll see a combination of 3 things. The budget, new exchange rate and the HCL all together at once…bring them together at the beginning of the year.
Article:
“After years of delay and disagreement, an agreement was reached by the “majority” to pass the oil and gas law“
Once in a blue moon there is an article that stops traffic. This stopped traffic on a one way street! …the moment you see the HCL, nanoseconds after that you’ll see the new exchange rate. Have I changed that statement? No…wow. Wow. WOW! …this is an amazing article…
Article:
“Decline of the dollar in Iraq“
I thought it was an increase in the dollar in Iraq?! So which is it? …NOTICE THE 2%-3% PLUS OR MINUS FLUCTUATION… AND THAT’S BECAUSE IT IS DEPEGGING FROM THE USD. Today it went the other way. It fluctuated with the American dollar going down against the Iraqi dinar. Where as before it was going up against the Iraqi dinar, which is what we don’t want. The management of the exchange rate crisis by the Central Bank of Iraq is being well taken care of…IMO you will see this downward trend until the Iraqi dinar floats.
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Pimpy
I’m reading more and more articles that Iraq is struggling with the exchange rate between the U.S. dollar and Iraqi dinar…People don’t know this…but the United States has a right to interfere in International markets as it deems necessary to control the markets around the world. When I read this as part of the Federal Reserve’s job it blew my mind. I didn’t realize how much power the Federal Reserve had.
Al-Kazemi had a great plan. He had a white paper. He was implementing it. When Al-Sudani got in there I thought for sure they were going to tear up those white papers and go right back to the c--------n we had before. It doesn’t look like that’s happening. It looks like Al-Sudani is following the groundwork laid out be Al-Kazemi…
The country [Iraq] does have a lot of Iraqi dinar out there – something in the neighborhood of 157 trillion dinars …What they’re doing is allowing Iraqi people to buy U.S. dollars…that allows the Iraqi government and the central bank to buy up a lot of the local currency and destroy it/get it out of circulation. Think supply and demand. The less there are available of the Iraqi dinar the more valuable it becomes.
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Sandy Ingram
Article:
“Iraqi dinar trembles as US fights currency flow to Iran“
Major major concern over currency in Iraq or the lack of U.S. dollar currency. The U.S. has taken steps to stop the flow of U.S. dollars into Iran. As a result the value for the Iraqi dinar on the black market is trembling…the rate on the CBI market is around 1470 IQD to 1 USD but on the black market the rate has gone up to approximately 1550 IQD to 1 USD. What we’re learning is the black market is what the Iraqi people react to…
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Samson (KTFA)
Article:
“Disclosure of US sanctions that will affect 14 new Iraqi banks“
Quote:
“…there is no need to worry about the dollar’s rise, because it is just speculation…Some banks are unable to deal with the electronic platform, adding that, the central bank’s policy of dealing with the dollar crisis has been wise so far.”
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MilitiaMan (KTFA)
Article:
“A government source reveals through “Al-Ahed News” that the US is black mailing Iraq over the dollar“
Quote:
“...m----------n of prices and the Iraqi market is for political reasons, the most prominent of which is the attempt to thwart the Sudanese government, which was intending to reduce the dollar during the next stage.“
Why is the Dollar rising in value in Iraq and not the Dinar? Is it a supply and demand issue with the Dollar for nefarious reasons? Is there a group(s) that have an interest in obtaining dollars outside of UST sanctions? Fairly sure if anyone goes to the UST website and signs up for emails, they can see that there is…
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Walkingstick (KTFA)
[via Frank26]
The CBI is poised/positioning its bank, currency and exchange rate to go into an international float. Yes it can float at a program rate but the supply and demand is what will drive the value of the IQD upward.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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