Dinarland Highlights – 5.10.23
RayRen98 (TNT)
ACCORDING TO ONE OF OUR 3-LETTER SOURCES, ALL RATES ARE LOADED AND READY TO GO. TIME WILL TELL.
______________________________________________________
Mountain Goat
I call my CBI contact almost every Saturday and get the full scoop of what is really happening in Iraq and the efforts of the CBI. Since we have NOT heard of any official word of progress about the redenomination process it is not yet happening I can assure you. However, we can sit still and know it is still in the plan because I know it is and it has to happen sooner than later, just not yet.
______________________________________________________
Clare (KTFA)
Article:
“The Council of Ministers decides to increase the capital of the Rafidain Bank and to pay Iraq’s share in the World Bank“
Quote:
“the Council approved, Within the course of financial and economic relations with international financial and banking institutions… Ninety-eight million nine hundred and twenty-five thousand six hundred and forty-two dinars in cash, after the approval of the Federal General Budget Law for the year 2023, taking into account the new exchange rate, between the date of the claim and the date of payment.“
Article:
“Al-Sudani surprises the ministries with 3 work shifts to complete the projects”
Quote:
“Based on the approval of the Prime Minister and for the purpose of accelerating work on all projects to take what is necessary by instructing that work be done in three shifts to ensure speed Completion of projects and increase the employment of manpower.”
______________________________________________________
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They’re back on channel one saying it will be weeks now that the street rates should match the official rate…they went from weeks to soon and now they’re back to weeks again…
FRANK: …Rumors are rampant. One minute they say one thing, the next minute they say something else. That’s why we tell you only pay attention to Sudani and the governor of the CBI…
Article:
“The Council of Ministers decides to increase the capital of the Rafidain Bank and to pay Iraq’s share in the World Bank” Quote “after the approval of the Federal General Budget Law for the year 2023, taking into account the new exchange rate, between the date of the claim and the date of payment”
FROM THE CORRECT HORSES MOUTH… TAKING INTO ACCOUNT THE NEW EXCHANGE RATE… WELL ALRIGHT, ALRIGHT THEN!
______________________________________________________
MarkZ
[via PDK]
2 important articles out of Iraq today “Kurdistan Region Finance announces the release of 200 million dinar from Baghdad” and …”Kurdistan regional government to start distributing April salaries next week.” For that to happen it means they have the funding from the budget and the HCL…as we understand it. And this means this thing will be completed. This is a good indicator as to what to expect timing wise. Sudani has told us that the dinar is ready to be the father of the dollar- meaning it is going to be worth more. This is all over middle eastern news…that the value of the dinar is about to change. There is no keeping the cat in the bag anymore. We are very close to the end of this thing.
______________________________________________________
MilitiaMan (KTFA)
There’s apparently lesser demand for dollars in the parallel market now and the exchange rate is going to go up. The electronic platform is working its magic...the nefarious folks that are doing a dollar exchange outside the platform they’re going to find it tougher and tougher…
______________________________________________________
Walkingstick (KTFA)
{CBI’s private bank meeting minutes continued}
[8. Currency swaps with many countries in motion.]
It means the international community, the investors of the economic reform, finally have faith, have confidence, like the citizens do, in the CBI and the prime minister of Iraq. These IQD swaps are being done right now electronically. They are not being done physically…at this point of the monetary reform they are swapping with all the banks around the world the new national currency electronically. Why? Because the tender is for the citizens inside Iraq when they exchange. And because you do not want to flood the market back with 3 zero notes.
______________________________________________________
Pimpy
Article:
“International Monetary Fund Expects Iraq ‘s External Debt to Fall by $1.2 Billion”
It’s really been amazing to watch Iraq pay off all their debt both external and internal and they’re doing it in huge leaps and bounds. That just goes to show you if they didn’t have all these fines and things they had to settle out of court and pay, like Kuwait and anybody else, and they had these external debts paid off this country would be a very rich country…
—
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2022 Dinar Chronicles
