Dinarland Highlights – 1.24.23
Here is a humdinger:
“Sudani: We are supervising the completion of a “different” budget and continue our support for the restoration of our exchange rate”
This headline should tell us all what we need to know. Sudani has been very clear they want a “Restoration to their previous glory” exchange rate. To a pre-Kuwaiti war rate. …Pre Gulf War rate.
…there is no negative news today … we are still getting positive stuff. [Mark, What does you gut feel for the timing of this to go?] I get in trouble everytime I say this…but my guy feels it could go anytime in the next 2 weeks…with an emphasis on the next 2 days. I hope my gut is accurate…lol.
…They have to raise the value before they can be Basel 4 . They cannot be basel 4 first and then raise the value for a couple of reasons. 1. It’s not tied to an asset until they raise the value…but more importantly …If they were to go Basel 4 first… everybody around the world would know it is time to buy IQD in a massive way. It would create such a security headache and pain in the butt for this and really toss the value up in the air. They need to revalue first and then go Basel 4. I hear this will all happen within minutes.
My redemption Center folks while on a heightened level of alert do not have any news to share. They are just standing at the ready to go.
What did we tell you 3 weeks ago? ‘It is possible the governor of the Central Bank of Iraq may be fired because he’s just not moving fast enough for Sudani, the monetary reform, for all of those that are involved in the monetary reform.‘ Bravo! That made us look good but we’re not here to try to look good. We’re here to try to help you understand what’s going on. The only reason we knew that is because we knew the scuttlebutt that was going on INSIDE of the CBI…We told you 3 weeks ago this was going to happen…boom it happened!
[Iraq boots-on-the-ground report]
FIREFLY: There’s going to be a national day of protest Wednesday at the CBI…We people are mad at the CBI because they’re not doing anything… thousands are going to show up.
FRANK: …Your voice must be heard by the CBI that you need this new exchange rate now, not tomorrow …your new governor of the Central Bank Alaq knows exactly what the monetary reform plan was and he knows exactly what Sudani wants…Let Wednesday be a form of communication…
FIREFLY: Sudani brought back Alaq the former CBI Governor. He’s back as proxy to run the CBI. He is saying within a short period he will return the exchange rates. My family want to know how did you know that?
FRANK: …We told you if Mustafa did not hurry up then he would just be fired. It’s as simple as that…
…Iraq’s prime minister dismissed the current central bank governor Mustafa Ghaleb for his inability to control the exchange rate and reassigned former Al Maliki central bank governor Ali Al-Alaq to run the bank…Back in 2012 the CBI Governor Shabibi was run out of town when he tried to shut down Maliki employees within the CBI who were contributing to smuggling money to Iran.
And recent months the US Treasury has been working with the CBI and current [former?] governor to shut down the smuggling of currency to Iran. And we see Al Maliki influence to get rid of Mustafa and replace him with his appointed CBI Governor from a few years back Ali al-Alaq. A pretty obvious pattern is being repeated here… Maliki is controlling the Central Bank of Iraq or at least influencing currency sales to help Iran.
It is not a shock. It is not a setback. This process that Sudani did with the CBI is because the governor of the CBI was not being transparent enough. And the education to the Iraqi citizens of the monetary reform was not fast enough. The new governor Alaq he was the student of Dr. Shabibi, the author of the monetary reform of Iraq’s currency. IMO Alaq is a lot better to take the monetary reform to its promised land of an international float. Under his tutelage was when they printed the new small category notes.
“Iraqi delegation to discuss dinar-dollar exchange rate with Washington“
“Prime Minister Mohammed Shia’ al-Sudani is in talks with the US to increase the value of the Iraqi dinar in comparison to the dollar, and we will visit Washington soon, he added.“
Iraq’s currency has been experiencing a two-month roller coaster ride after a tightening of procedures for international transfers. Some people are blaming Washington for the dinars problems, however the U.S. has been complaining that the dollar is being funneled to Iraq, Syria and Lebanon through the foreign currency auction ran by the Central Bank of Iraq. Iran and Syria are under U.S. sanctions.
“DEPUTY: THE DISMISSAL OF THE CENTRAL GOVERNOR WILL REMOVE THE TENTACLES OF CORRUPTION CONTROLLING THE BANK“
“The dismissal of the governor of the central bank will remove the tentacles of corruption that dominate the central bank, and will contribute to reviving the Iraqi dinar a different version.”
WOW! This is amazing news. They are getting really serious now to revive the Iraqi dinar to times of the past.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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