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Dinarland Highlights for April 6, 2023

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Dinarland Highlights – 4.6.23

MarkZ

[via PDK]

Article:
First Deputy Speaker of Parliament calls for speedy preparation of a report in draft budget law for it’s second reading

…[Wednesday] was the first reading…just like what we expected…This is a huge step forward. Now they are being pressured to read it the second and third times. They have to read it 3 times …then pass it. 

They have already agreed to the budget…now they are just going through the process. It sailed through the first reading in record time… Everything is worked out along with the HCL. I am still looking for a nice, lovely fat rate. They need it to fix the problems. 

Question: do we have to wait for after Ramadan to exchange now?

MarkZ Answer: I highly doubt it….  If they want things completed by then – they should probably have us in and out the door. That is how I understand it. 

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Clare (KTFA)

Press Release:
The Central Bank of Iraq calls on the media and all relevant parties to be accurate in reporting news related to the bank and its monetary policy, and to adopt what is published on its official website in order to avoid misleading news that confuses the market in favor of foreign currency speculators.“​

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Frank26 (KTFA)

Article:
The Central Bank calls for accuracy in conveying news related to its monetary policy”

Quote:
The Central Bank of Iraq called…the media to be careful in reporting news related to its monetary policy.  And the Central Bank confirmed… to: ‘depend on what is published on its official website in order to avoid misleading news that confuses the market in the interest of speculators in foreign currency.’”

THE CBI PREPARES FOR A MAJOR ANNOUNCEMENT & THEY DON’T WANT ANY MISTAKES!

[Iraq boots-on-the-ground report]

FIREFLY: They’re moving very fast on the budget.  t’s interesting because it’s got to mean something. They talked on how the budget will be flexible for adjustments especially this being a 3-year contract...

FRANK: That’s not in the articles.  That’s what they told the citizens.  What do you think that means? …They’re showing you your budget and don’t forget IMO the line item that has the exchange rate is crucial for us…if it comes out at  the program rate they can quickly change it at the push of a button.

They are more than likely going to come out 1300 to 1 for their budget. 

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Nader From The Mid East

The budget has been read the first reading…If I tell you guys the budget has been already approved would you agree with me or disagree? …Me I tell you the budget has already been approved.  To believe me or not you can do whatever you want.  The budget has already been approved.  First read and second reading, third reading, 100 reading, the budget it’s been ready.  Let me tell you why.  I’m gonna give you a good reason and there’s a good reason… [4] words.  They Have No Choice.  That’s it. 

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Walkingstick (KTFA)

[via Frank26]

The budget has to be read into law by reading all the line items of the budget.  And one of the first things on that 2023 budget is the exchange rate…Is it 1132? Is it something else?  I have no idea…it’s all about the accounting right now.  Nothing else.

It is extremely significant that Sudani the leader of this country told the Iraqi citizens hold on to your 3-zero worthless currency because you’re gonna trade it in for something with more value.  It’s coming.  You can’t stop it…it’s being announced and it’s being introduced.

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Pimpy

Article:
First Deputy Speaker of Parliament calls for speeding up the preparation of a report on the draft budget law for its second reading”

The way the Constitution works over there is you have a draft budget. It is passed down to the parliamentary… they make the recommendations and they send their draft budget back with the amendments to the committee.  The committee reviews those… they turn around and sent it back to parliament…If they agree with them then they take a vote and the budget is passed…They’re getting ready to do their second reading.  If there’s more changes they are going to recommend it will go back…

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Sandy Ingram

VND exchange rate increase against the US dollar.

Article:
Financial experts say Vietnam’seconomic growth to reach 6.5% in 2023″

The Vietnam dong is traded onthe Forex market…the VND rate is going up up and up against the US dollar in the past several weeks.  This means somebody on the Forex market made a profit.  This is excellent news...

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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