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Dinarland Highlights – 4.8.23
Bruce (The Big Call)
[via WiserNow]
Iraq is going to make their additional increase in the Iraqi dinar rate. It’s substantial, and this would be an in country dinar rate…Meaning in country of Iraq and this will be their official increase in the rate of the dinar. And I believe that will take place Sunday, our Easter Sunday, which in Iraq is their first business day of the week…now that would reflect on our bank screens – Forex – probably Sunday night or Monday…we look pretty solid for Monday into Tuesday – right now…That’s the latest information that we have so far.
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MilitiaMan (KTFA)
The draft budget law…the whole process is about the citizens and for implementation of investment project…it’s about the private sector…Everything is changing. What are they telling you? If they’re going to a private sector, they’re going international. That is huge. We’re in a huge space at this time…
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Frank26 (KTFA)
What are the 2 months of the year that the Central Bank of Iraq has historically has made a change to their monetary reform? April and September. What month are we in?
Question:
“If the American dollar gets driven down to, let’s say .0001 how can that be 1 to 1 with the dinar?”
Because you cancel the 3 zeros on both sides and it becomes 1 to 1.
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MarkZ
[via PDK]
The budget has been approved and now we are just going through the process until it is officially in place. Articles come out saying how effective the revaluation has been from 1300 to 1132…I am still expecting a bigger rate change. We know what their target is and they know what their target is...We are all hoping this is going to be a phenomenal week for us.
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Deepwoodz (TNT)
Article:
“The budget is halfway there…a challenge to the government and a test for the coalition state – Urgent“
I like this one! I think you can calculate the rate using these budget numbers. I think a rate change eliminates the “deficit” to be a balanced budget…Interesting that the “planned” deficit is 1/3 the planned budget. Or 3/1, or 3:1…or 3.12/1 to be more precise depending on which way you turn it.
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Pimpy
Things seem to be calm over there. There’s a lot of agreements going on and it looks like Iraq is moving forward in a major way which I’m excited about. I do want to see the Iraqi dinar increase in value so does everybody else.
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Wolverine
…I’m told that hopefully within 48hrs Iraq should be ready to go and that will set up the Green Light so we can move forward. Notifications I was told should be coming on the weekend or latest by Monday.
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Walkingstick (KTFA)
[via Frank26]
Comment:
“Historically we have seen April and September…”
I don’t care about no April. I don’t care about no September. I don’t care about no historical pattern that they’ve done. Trust me, they want this and they’re going to get this done. The RV phase calculated many rates that can succeed with the monetary reform. It’s all about the accounting… Accounting is beginning, mid or end of a quarter.
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Nader From The Mid East
You guys waiting for us to give you a news. We give it to you but we’re not sure of it because they can change their mind tomorrow. But here’s one thing I can tell you budget has been approved. Why? Because [they] have no choice…they cannot embarrass themselves anymore. They talked about it. They put it out there. They send it from one side to the other. Budget has really been approved.
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Sandy Ingram
Article:
“Goldman Sachs: Oil will reach $100 a barrel in April 2024”
That’s about a year from now…[we] believe this prediction is right on target because –> Article: “Iraq joins Arab countries in reducing oil production”
…This move is a precautionary measure aiming to support the stability of oil markets…This reduction will go on until the end of 2023.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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