Dinarland Highlights – 3.6.23
Mountain Goat
Article:
“AN OIL AGREEMENT PAVES THE WAY FOR ANNOUNCING A COMPREHENSIVE BUDGET IN THE COMING DAYS“
Quote:
“…there is a presence to deliver Kurdistan’s oil to Baghdad to proceed with an oil agreement within the terms of the 2023 budget…”Can you see now how the oil and gas law and the budget are interconnected? Now let’s also add the rate of the dinar on top of it all.
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Clare (KTFA)
Article:
“The government is proceeding with a package of reforms to provide the requirements for a balanced economic renaissance“
Quote:
“Finance Minister Taif Sami confirmed, on Sunday, that the government is proceeding with a package of fundamental reforms in order to provide the requirements for a balanced economic renaissance in the country.”
Article:
“Sudanese and the World Bank delegation are discussing joint cooperation and support for the government’s plans“
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Frank26 (KTFA)
I think this month of March is when they’re going to show them the new small category notes. They’re going to introduce them to the goal of the new exchange rate where they want to reach in order to float…
The Iraqi citizens are being educated at a very very fast quick pace. The cadence have picked up. It’s really moving fast.
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MarkZ
[via PDK]
Member comment:
“I was always saying it will happen around Easter…“
MarkZ: I still do not think we will be waiting that long. I think we are getting a lot of misinformation right now. Someone is having fun playing with us. Which means we are close. …As far as I’m concerned it could be any moment. We just don’t know.
News from Iraq:
“Cabinet approves the draft budget tomorrow”
This is the rough draft and its supposed to be approved tomorrow. Maybe the full budget later this week. This does not mean we are waiting for the budget to RV. It can certainly go before. What I am hearing from all my Iraqi sources is that they plan to introduce …in a wide scale fashion – the lower denominations this month and the training for all the folks. The banking side is still convinced it will happen at any second. We are in one heck of a close window…imo.
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GameofPatience
Budget and Laws appear to be waiting on the rate change. Many recent articles have suggested new things might be implemented after the 20th anniversary of the Iraq war (March 19th/20th) (Waiting on the Rate change). Ramadan starts on 3/23/23. Kuwait has the same budget period as Iraq 4/1 and re-instated on 3/24/91. Many historic CBI articles have stated they can only change that rate at a budget Period (starting 4/1/23).
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Pimpy
It’s going to happen eventually. I don’t think it’s going to happen the way people think but right now certainly there is nothing out there that indicates Al-Sudani said he’s going to restore it to the $3 rate…
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Breitling
The United States money supply – we’re pulling it in. We built China with that money supply. We built the EU with that money supply. We competed against emerging markets with that money supply. We’re binging it in. There’s not going to be as many dollars out there…China’s going to have less. That’s why they want to use the yuan to buy energy…How does Iraq gain from that?
…Iraq is going to accept the yuan… Euro…US dollar but they’re going to start adding value to their currency because there’s not going to be as many U.S. dollars out there. Not only that but the EU is going to start going broke so there’s not going to be very many Euros out there. That’s another reason for them to add value to the Iraqi dinar.
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Walkingstick (KTFA)
[via Frank26]
The private [satellite] banks are not owned by the CBI… #2 is an Iraqi [Walkingstick’s bank friend] but he owns a bank in the United States under American banking law. These banks do have to follow the CBI laws…international standards and they have to follow the laws of the country that they represent. Can I as an American citizen and go to these banks and exchange? It’s unknown right now…but based on the fact that they will follow CBI laws that will follow international laws I don’t see why we cannot.
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Suzie (KTFA)
With this news of the budget coming forth and all the other info being brought to us and especially with the Kurds being happy with the HCL I can see no way Iraq won’t pull this off in the month of March, I mean, what else could get in their way at this point?
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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