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Dinarland Highlights – 2.20.23
CANDYKISSES (TNT)
Article:
“The government to (Baghdad today): We agreed with Washington on the dollar and the results will appear in the markets“
Quotes:
“The effects of these dialogue and agreements will be tangible in the near future, especially with regard to the dollar and exchange rate crisis,” he added.”, “There is a new mechanism that will contribute to the stability of the exchange rate in the markets in the coming days, and at the official rate,” he explained.”
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Nader From The Mid East
It’s weird this week was not big news. Nothing coming up. It’s really weird. I don’t know why they stopped this…they didn’t do anything special. They didn’t do anything can make us happy this week…It’s not normal. Why would they stop? All sudden they stop talking about what we need and what we want…
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Pimpy
How the exchange rate is going to take place is not the way other people are saying it. It’s going to happen one of two ways…It’s going to go up in increments…the dinar was at 1450 dinars for every 1 dollar and they kept mentioning they were going to change the exchange rate. Everybody was…saying, ‘Oh, it’s going to be over a $1 for every dinar.’ I was like, no, it’s not. It’s going to be a small increase. They went to 1300 dinars for every dollar. That’s how they’re going to to it, in small increments.
Now having said that, there’s a good chance it might go up maybe one more time…they have not put out their budget yet and there’s a good chance we might see another small increase. Really depends on how the 1300 dinars is affecting the economy… they’re still focused on the exchange rate…even after they make the change to 1300 for every dollar. I’m curious to see what happens once the budget goes out…because then we know whatever rate it is…unless they intend to make an amendment to the budget.
Article:
“We agree with Washington on the dollar and the results will appear in the markets“
Some interesting choice words that were used in here. I don’t want to make a big deal out of it but it is definitely something to think about. We know Washington and Iraq have come up with agreements to do something about the exchange rate. Keep in mind this is after the current exchange rate was already announced to the world. So whatever agreement they got coming up here sure sounds like another exchange rate change coming in the future.
Quote:
“There is a new mechanism that will contribute to the stability of the exchange rate in the market in the coming days and at the official rate.”
Again, stay grounded…But the fact that they’re talking about mechanisms to help with the exchange rate – we don’t know what that is. What exactly are these mechanisms? What are they doing to stabilize the currency? I’m curious what’s going to happen here. Now I am feeling a little optimistic because everyone thinks I’m such a naysayer but that’s not the case. I keep telling people they’re going to go up in increments.
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MarkZ
[via PDK]
In Iraq:
“The government to (Baghdad Today) We agreed with Washington on the dollar and the results will appear in the markets”
They feel like they now have everything under control and this means we can indeed start moving forward.
…boy are the bankers excited. I am getting inundated with more banking confirmations. And I am hearing the goal is to release it sometime in the next 36 hours. Stay calm because we have been here before.
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Henig (KTFA)
Article:
“Al-Awadi: We agreed with Washington on the dollar and the results will appear in the markets”
Quote:
“There is a new mechanism that will contribute to the stability of the exchange rate in the markets in the coming days, and at the official rate”.
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Clare (KTFA)
Article:
“The power of speculators and currency traders is delaying the government’s measures to implement the new exchange rate“
Quote:
“…despite the government’s good decision regarding the exchange rate, which to some extent stopped its rapid and continuous rise, its implementation procedures are still slow.“
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CharlieOK (TNT)
Articles are out there stating that Baghdad and Kurdistan are close to negotiating the HCL. This is good news. There will be…no publicized public budget or rv without Baghdad and Kurdistan agreeing on the HCL… Let’s hope this gets behind us pronto.
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Frank26 (KTFA)
Oil is not the only asset to back the IQD’s monetary reform. This country is amazingly wealthy beyond compare. There ain’t no country going to be able to touch Iraq once it gets going. You know that cartoon character that has his feet running but he’s up off the ground and he touches the ground and boom he takes off? That is what Iraq is like. Oil is not the only asset. They have so many assets and that’s why the whole world is pouring in to capitalize on these assets.
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MilitiaMan (KTFA)
2023 budget…we’ve been waiting for this to happen…they’ve been pushing it out…for months.They’re going to have it on the table as early as Tuesday…potentially to the parliament by Wednesday/Thursday. We all believe you need to have an exchange rate for that to happen. Will they expose that exchange rate that’s going to be to the budget by the CBI prior to giving it to the Council of Ministers or parliament? We should be looking for that…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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