Dinarland Highlights – 2.9.23
“Member of parliamentary energy (semi formal) agreement on the oil and gas law”
They are moving quickly toward it. This is one of the things we have been waiting for. A big piece of the final puzzle.
“Deputy Prime Minister Dr. Faud Hussien arrives in Washington DC yesterday late afternoon”
Heading a high level delegation. The big thing here is this is the meeting we have been waiting for. We are hoping this is the kick off to a massive rate change. Not just what we are watching now.
Let’s look at the meetings over the last couple of weeks…France, Germany, the UK, Turkey, China, with the new Iraqi administration. Why would they be going that many places, consulting with so many countries…if all they were doing was changing the rate a couple measly percents on a next to nothing rate? There has to be something more to all of this.
Still hearing fantastic things…
“Exceeded 150K. Dollar prices rise in Baghdad and Kurdistan with lockdown.”
Rates are going the wrong direction and I will tell you why. This is good for us as the market didn’t consider the move to 1300 to be enough. The goal in that move was to get all of the folks in country to turn in their dollars for dinar before they did their RV. If my sources are correct…in the next few days the rate go to 1000 or 1100. Then after they have made another mad dash to exchange centers and banks…before they pull the trigger…
The exchange rate of the Iraqi dinar is not done yet. It has a mission to leave the borders of Iraq. 1750 in the streets, to around 1500 to 1460 with the BI and then to yesterday 1300 to 1 as the official rate. This is what we taught you, the gradual change in the exchange rate…suffice it to say the exchange rate of the Iraqi dinar is going in the right direction and they’re not done yet…
“Iraqi Foreign Ministry: The delegation’s visit to Washington will discuss two basic economic files“
“The delegation will hold its dialogues with the American side in Washington, which will focus on supporting Iraq’s monetary policy and exchanging financial and banking support with the aim of strengthening the Iraqi government’s vision of its measures regarding the exchange rate of the dollar,“
“Governor of the Central Bank: We affirm that they have proceeded with the government to enhance confidence in the national currency“
That’s the other issue with Iraq. They prefer the US dollar per the dinar…You got to get people wanting to use their local currency more than the US dollar. And you do that by increasing the exchange rate a little more at a time, giving them more purchasing power and devaluing the dollar within Iraq…I think if everything goes smoothly we’re most likely will see another small change in the exchange rate…
This is the obstacle standing in the way of the Iraqi dinar and that is they have to clean up their corruption issue. They have to do whatever it takes to have these restrictions lifted on their currency auctions and their ability to get hard currency…
Anybody talking about a rate over $.01 cent is full of crap. That’s not gonna happen. I would love for it to happen…It’s just not gonna happen. When they say they’re going to restore it to its original value they’re talking about 1190 dinars. If it was meant to go back to the $3.22 rate…they would have said something along the lines of we’re going to go ahead and restore the pre-invasion rate of $3.22. You would hear something in the wording saying ‘pre-invasion’, ‘prior to Kuwait ‘, stuff like that. They’re not saying that. They’re just saying previous…expect the exchange rate to go back to the 1190 dinars for every dollar. Pray that they re-establish the $3.22 rate.
There’s no doubt that the IQD is in position to float. There’s no doubt! There’s no questioning.
They are not done yet. ‘They’ being the CBI. ‘They’ being the prime minister. With what? The monetary reform and economic reform…What is the goal of the CBI with the exchange rate? The goal is to be at least 1 to 1.
“Iraqi delegation arrives in Washington to discuss government measures on the dollar“
“Deputy Prime Minister and Foreign Minister Fouad Hussein arrived in Washington at the head of a high-level government delegation”
1300 is halfway between 1460 and 1166. What good does that do? How is that alleviating any pain? Inflation has risen since the 1460s so they’re not getting anything. It’s not any good for them. That “second package” [coming from the CBI] is a key component …they know 1460 to 1182/reverting to 1300 is still not doing anybody any favors…
Nader From The Mid East
Some people believe it’s [The dinar] a scam. Some people believe, ‘Oh, it’s Iraq , it’s a terrorist country. It’s killer country.’But Iraq was good before and it’s gonna be good later...Thank God for what’s happening and things gonna happen better. I mean, what’s coming it’s better. It cannot be worse. We were already in the bottom of the barrel. Now we just have to climb out of the barrel. Once we’re out the barrel even an inch we’re good…
Walkingstick & Frank26 (KTFA)
FRANK: They made it official rate of 1300 to 1.
WALKINGSTICK: They’re not done yet. IOO they will hit 1000 to 1 rather shortly…the goal is to get to 1 to 1 and then float...
FRANK: From 1750 to 1460 to 1300 now. In the next step you’re saying it’ll be 1000 to 1?
WALKINGSTICK: Yes. IOO they will now go to the next level. They will hit 1000 to 1 rather shortly and then at that moment they will be able to easily drop the 3 zeros.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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