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Dinarland Highlights for January 13, 2023

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Dinarland Highlights – 1.13.23

Mountain Goat

Article:
HOW IRAQ IS PAID FOR ITS OIL AND WHERE THE MONEY GOES…HOW THE PROCESS GOES

…the daily transactions of dinar to dollars should be just enough to pay for imports needed for the economy of Iraq. The CBI knows what this amount is. We have  been told it is about $20-30 million a day and so getting it down to this amount from $200 tells us lots of the past stolen money is no longer funneling out of Iraq. This is due mainly from the new currency auction platform recently put in place.

Article:
“THE CENTRAL BANK SETS A DATE FOR THE RETURN OF THE DOLLAR EXCHANGE TO “ NORMAL 

No! This 1470 is not normal. They have been on this program rate for so long now it has become the “normal”. It was supposed to be termporary and maybe for 5 years but here we are almost 2 decades later. Its time to execute the 2011 plan to reinstate it to the proper normal rate on FOREX…

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MarkZ

[via PDK]

Iraqi government props up the value of the Iraqi dinar

They are moving to stabilize it. They are talking of the value of 1455-1460 dinars per one USD…that does not mean this is the value we are going to get. They are trying to prop it up until the revaluation occurs.

“KRG: The federal government to send Billions of dinar to Erbil”

This is all part of the HCL agreements. They are doing what they said they were going to do for years…. The HCL is moving forward to finalization so they can then give us our new rate.

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Walkingstick (KTFA)

[via Frank26]

The Iraqi dinar is floating internally inside of Iraq.  That’s the fluctuations you’re seeing with the American dollar.  When you see the American dollar fluctuating so violently against the IQD it’s necessary.  Don’t let it upset you.  It is part of the process…It’s not a surprise.  It’s a factor that has been known and determined by the Central Bank of Iraq and it is being exposed to the citizens at this time in the education of the monetary reform

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Pimpy

Article:
Dollar prices fall in Baghdad and Erbil”

This is the direction you want it to go into.  When you hear the dollar is falling against the dinar that’s what you want to hear.

Quote:
“…Baghdad recorded this morning 1572 dinars for every one dollar..”

It was up to 1600.  Now it’s not much of a change but at least it’s going in the right direction…the fact that the dollar is losing a little bit of ground is not surprising.  It goes up and down like that so don’t get too excited.  I mean be happy about it but like everything else we’re looking for consistency

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Frank26 (KTFA)

The budget waits for the new exchange rate.  The exchange rate waits for no one.  Everything, the contracts, investors, monetary reform of new currency, citizens, you, everybody, waits for the new exchange rate.  The new exchange rate is primed and ready. Because of the fact that they told them they’re going to give it to them…in my deep heart I feel that the meetings that occurred between [Guru Walkingstick’s] #1 and #2 [bank friends’ banks] gave all the next steps..

Question:
“Are they [ Iraq ] worried about speculators?”

Yeah.  It’s only natural.  They’re already announcing what they are doing.  It’s no big surprise. 

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Henig (KTFA)

Article:
Including Iraq..Three countries will record the highest economic growth in 2023

Quote:
Despite the decline in the economic growth of the Arab countries, the bank stated that “Egypt, the UAE and Iraq have the highest economic growth rate among the other Arab countries during the year 2023, as their growth is expected to exceed 4%, while the growth rate of the rest of the Arab countries will decrease to less than 4%.

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Paulette (KTFA)

Let’s hope that Sudani’s GOI doesn’t pass this budget prior to the currency being “reinstituted”.  If they do, there are still many windows of opportunity for the CBI to take action...If it gets all the way back to the Finance Minister and disbursements are made at 1450, this year certainly gets a little muddled as the budget is retroactive to January 1.

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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