Dinarland Highlights – 4.30.23
The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Their recent Banking Reforms have allowed movements towards establishing banking protocols. It puts them into a position of having a set of standards allowing them to move into the International stage. Iraq’s currency is backed by gold. This is their moment…
I have watched the Market Rate for almost 15 years. IMF Article 8 compliance requires no Multi Currency Practice. A Market Rate of greater than 2% constitutes a Multi Currency Practice according to IMF Article 8. Bottom Line, Iraq cannot be compliant with Article 8 requirements if the Market Rate exceeds 2% of the Official Rate. The new verbiage of “Parallel Rate” has made this seem as a new issue …Saleh has now stated this twice recently. The real question is how long must they maintain the 2%…90 days. I never saw this printed in Article 8…. Considering all we are being told, I don’t accept the 90 day theory.
Here is a partial list of the Strongest Currencies in the world right now, and their value to USD. Enjoy the top 4 if you will: 1. Kuwati Dinar – 1 KWD = 3.26 USD. 2. Bahraini Dinar – 1 BHD = 2.65 USD. 3. Omani Rial – 1 OMR = 2.60 USD. 4. Jordanian Dinar – 1 JOD = 1.41 USD. IMO, Iraqi Dinar could soon be in the top 10, if not top 5, most valuable currencies in the world. And what do they all have in common? Backed by assets.
[Response to Guru Paulette below]
…When they went to 1460 they were out of compliance the opposite direction. Then, they went to 1310 on a whim, and that put them out of 2% compliance. Now everyone in the world is supposed to wait and see if they can attain symmetry from 1310? Why 1310? Why not 500 or 1000? Why not choose a 1-1 rate to begin with in an internal float? Out of compliance either way till you’re not…Why slap them [citizens] with a worse rate than they had two years ago to attain symmetry? Why not give them something to be proud of at the onset instead of a completely Iranian idea of a value? …It just doesn’t make sense to me.
“Finance Committee: The draft salary scale amendment is in the hands of the Council of Ministers and we support“
Along with all the technology updates and platforms now in place, a couple other aspects I would ASSume require attention, are the salary scale and consumer product pricing that would need adjustments, and why the salary scale has been mentioned lately…salaries would have to be commensurate with a substantial rate change. AND, the POS devices would have to be connected in such a way as to make their calculations in an instant. I don’t think that’s how it works here in the U. S. but this isn’t an everyday event either…
Member Question: Mark do you think we will still be here waiting on June 1st?
MarkZ answer: I don’t think so. But then I didn’t think we would still be here looking at May 1st…
They’re saying the dollar is going to continuously decline because of this new budget. So prior to that new budget which is expected in the coming days, we should see something happen that could be in our best interest…
I get information just like everybody else in this [dinar community] realm – by education, by communication, by phone conversations, interviews. All this stuff goes into real-time data is that you interview the experts…people that are involved. Not all of it is in print.
“Are they saying the vote before or after their vacation?“
Clare Answer: PARLIAMENT EXTENDED THE SESSION.. IT WAS SUPPOSED TO END ON MAY 9TH… BUT NOW PARLIAMENT HAS TO KEEP WORKING UNTIL THE BUDGET IS PASSED. HOPEFULLY THAT GIVES THEM INCENTIVE TO HURRY UP & SCHEDULE THE 3RD VOTE. BUT THEY ARE DEFINITELY WORKING ON THE NUMBERS.
“But we’ve been told/lead to believe, that the BUDGET WAS DONE?“
Clare Answer: IT IS DONE … THEY HAVE TO GO THROUGH THE FORMALITIES IMO ONLY. THEY’VE HAD TWO READINGS ALREADY…
Nader From The Mid East
They said everything is done.They’re waiting for what? I don’t know. For the budget? I don’t know. They’re waiting for the new categories? I don’t know. They’re not saying anything about the new categories. They’re not saying anything about nothing. So we’ll see what’s going on…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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