Dinarland Highlights – 3.31.23
Bruce (The Big Call)
[via WiserNow]
…I’m looking forward to the end of it as much as you are, but we’ll see where it goes for the rest of the week…we should have a very interesting April Fool’s Day, coming up Saturday. So we’ll see what that looks like for us.
…we have information from a source – That’s very strong – That says that Saturday, yes, April 1st is the day that all the funds start flowing…what makes this time different is that Iraq finally made their way onto the Forex… Wednesday, the 29th of March, for the first time in…I’m going to say almost 20 years on the Forex…Not as a an exotic currency but as a real bonafide currency that’s been revalued and has a new value that is probably being traded up as we speak…we’ve been waiting for that to show up… now we’ve got to see how that manifests.
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Frank26 (KTFA)
Here are 3 clues that this 20k is a bunch of nonsense.
1. They told the citizens they’re going to introduce new lower small category notes…
2. They told the citizens they’re gonna give them coins when they introduce the new small category notes.
3. They’re gonna float. These three things have been told to the citizens of Iraq…so why bother with the 20k notes?
[Iraq boots-on-the-ground report]
FIREFLY: The IMF is doing interviews on the news on our Iraqi Channel One…they’re saying they are backing the 2023 budget and the president of Iraq is saying how Iraq needs to push and approve the oil and gas law as soon as possible because it’s ready. A lot of news is popping all over the place…
FRANK: Like we told you this last week would be explosive because the media campaign that they are doing...now with the monetary reform at the beginning of next month it will really be loud.
Question:
“What about taxes on the RV?“
There are many of you that believe you’re not going to be paying any taxes on this transaction. When was the last time that our government allowed you not top pay taxes on money that you earned? …you’re going to pay taxes. Stop kidding yourself.
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Mountain Goat
Article:
“THE FEDERAL OIL AND GAS LAW WILL BE AGREED UPON SOON“
Quote:
“…there is an agreement between Baghdad and Erbil to enact the federal oil and gas law soon.”
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MilitiaMan (KTFA)
What they’re trying to do is adjust the official rate to the parallel market rate…they are at an official rate of 1310 but the parallel market isn’t quite the same. We’ll have to see how they roll, whether that’s at 1570 or 1132 to be determined. There are articles out that suggest they were going to go to 1132 but it’s not official yet. We’ll have to wait and see how that turns out.
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MarkZ
[via PDK]
[Guru] Nader did tell us and I think it’s very important …He says the process has started. And I couldn’t agree more. I am hearing this from all my sources that it has started…It cannot be pulled back…It is well underway. None of us know exactly the timing. We…know that Kuwait did indeed RV during Ramadan. No matter what we have a few interesting weeks ahead.
Not a huge amount of news today but all of it continues to be very, very positive. We are hearing very good things about the weekend. But, it could be premature. We will see. Its best to stay grounded in this process.
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Clare (KTFA)
Article:
“Member of Parliamentary Finance: The stability of the dollar exchange depends on the government’s control of the market”
Quote:
“The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market’s requests, noting that this contributed to reducing the difference between the official and parallel exchange rate, pointing out that most markets began dealing in the Iraqi dinar, and this will contribute to its support.”
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Deepwoodz (TNT)
Question:
“The prevailing opinion is the 1 to 1 exchange rate…Is this 20k note to throw us off of that?”
Not to throw you off. I believe it’s simply to make their mathematics simpler for the banks…Having more denominations is like having more tools in your toolbox…This to me is just another GOOD sign that progress is being made and the CBI is preparing themselves. The IMF refers to this as “binary-decimal triplets”. 1, 5, 10……20, 50, 100 etc….The CBI is filling in the missing links…
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Pimpy
They need to…combat that open market so every time they increase the value for the IQD…it keeps screwing up the criminals who keep going out there on the black market and getting the IQD for 1750 or 1550 dinars for every dollar, turn around and sell them back to the bank at a rate of 1300+ for every dollar. They’re profiting around 200 IQD for every dollar buying them off the black market…That’s what they’re doing. Back-forth back-forth. You need to do something that just screws them over. One of those things are just increase the value of the IQD and you won’t have such a black market.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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