Dinarland Highlights – 1.16.23
Although this [past] article makes a great case why the rate is gong to be reinstated at $3.22…there’s nothing out there that guarantees the rate at $3.22. I say that hesitantly because in an article they tell you why the rate is going to be reinstated at $3.22 and they’re using quotes from individuals who are part of the United Nations and the whole nine yards…there’s places within the article which I’m going to have to elaborate a little more so people are not misled…I realize you guys..are grown adults…I’m going to elaborate more and point out why there’s some concerns about something being said in there… [Stay tuned for Guru Pimpy’s elaboration]
“What is the secret of the decline in the Iraqi dinar despite the increase in dollar reserves?“
Having large amounts of reserves in gold strengthens your currency…why is the dinar losing value to the U.S. dollar?
“…the currency lost about 10% of its value. This decline is not huge but it’s starting to worry Iraqis about the price of imported goods…“
International news feeds light up with details on the Iraqi PM statement on US troops.
“Iraqi PM backs indefinite US troop presence in country”
“Iraq would like similar relations with Washington to those enjoyed by Saudi Arabia and other Persian Gulf oil and gas producers says Iraqi Prime Minister Mohammed al-Sudani”
“THE CENTRAL BANK CALLS ON EXCHANGE COMPANIES IN “KURDISTAN” TO ADAPT TO ITS INSTRUCTIONS AND THREATENS VIOLATORS“
CBI GIVES FINAL INSTRUCTIONS ON THE MONETARY REFORM TO ALL OF ITS BANKS
How long with the float last? …6 months – a year. They’ll give it plenty of time. They are not just going to stop it without telling you. But they will start it without telling you.
…let’s talk about what I heard over the weekend. Lots of progress in positioning and putting funds in place…The banking system is robust in the US and are moving forward quickly. They are already prepared. (for the most part) My sources told me this weekend that South America, Central America, and Europe bankers were scrambling to be prepared for “any moment” …maybe as early as tomorrow… we are well within the window for it to “GO”. I am still excited about the regular, steady progress we are seeing. I am not expecting the RV today…but I am expecting it very soon.
“Muthana Amin: The draft budget should reach parliament this month”
The reason I post and share these is just going back to the fundamentals in Iraq…Iraq is pushing to change their value…. They want to change their value…they need to change their value. They need to reinstate their old value or revalue significantly the current value…and that is what they are working on.
…folks in groups are expecting a lot to happen tomorrow. I think they are still premature…but there has been fantastic chatter. I am not hearing anything negative…I’m just trying to keep us all grounded. Its been an encouraging day…nothing negative and nothing earth shattering either. I was really expecting a lot more today…Based on everything I am seeing I am fairly confident we will be going in January. My contacts may have egg on their faces by next week if we have not already gone by then. But, we are watching serious solid progress day in and day out….
Will the Iraqi dinar come out at a program rate in the basket? I don’t know but we do know Kuwait said to the IMF we have an agreement. The agreement was the value of the Iraqi dinar cannot be higher than our value. Therefore, it is not in the realm of impossibility to consider that it would be $3+ like the other Arab country currencies. The agreement was the value would not be more than the AAD (The Arab Accounting Dinar). These things were agreed upon a long time ago for the events that are happening right now…
IMO WE ARE AT THE END…
“Al-Nusairi announces the release of his new book, “The Central Bank of Iraq…The Journey of Challenges and Achievements 2003-2022“
“The book reviews the challenges that the Central Bank of Iraq faced during twenty years, the policies, programs and strategies it adopted and the achievements that achieved its goals“
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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