Dinarland Highlights – 5.14.23
Now the UN, IMF, US, World Bank, and even the CBI know the GOI can no longer stop the process. Best analogy would be the pitcher has sent the pitch and it is on the way to being received by the catcher. Pitcher is Iraq and the catcher is the rest of the world. Iraq can no long stop it, out of their control...I strongly believe we are in the last weekend of being broke…
THE BUDGET HAS BEEN APPROVED. THE 3RD VOTE IS A FORMALITY THAT WILL MAKE IT LAW. WHICH THEY ALSO REFER TO AS APPROVAL, BUT IT REALLY MEANS MADE INTO LAW- TO IMPLEMENT. IF THEY WERE NOT GOING TO AGREE TO PASS IT INTO LAW, IT WOULD’VE BEEN SENT BACK TO THE COM… WHICH IT NEVER WAS. THE PARLIAMENT SESSION WAS SUPPOSED TO END ON THE 9TH OF MAY – THEY ALREADY EXTENDED THE SESSION TO HAVE THE 3RD VOTE ON THE BUDGET AS PER ARTICLES.
The 2023, 24, 25 budget hasn’t been implemented yet. They haven’t shown you anything in respect to a potential exchange rate but there’s some things that tell you that they are about to do that exchange rate change. They say specifically that that’s part of the process.
The governor of the central bank is openly talking about a delegation of experts from the International Finance Corporation. Why is he talking about the International Financial Corporation if he’s coming out at a program rate (that I call it) or the official rate of 1310? It makes absolutely no sense whatsoever…they could have done it at 1310…1460…1166 and never did.
“International Monetary Fund: Iraq is third in the Arab world in terms of exports of goods and services last year“
“Iraq exported goods and services in 2022 worth $ 140.7 billion, which increased from the years 2020 and 2021, which amounted to $54 and $ 94 billion, respectively…Iraq came third among the Arab oil-producing countries with the highest value of exports of goods and services after the UAE and Saudi Arabia“
This [Money Laundering] is a big issue for Iraq. If your government can’t stop laundering money, you’re going to stay on a so-called blacklist. Your money will never be traded internationally because nobody’s going to trust you. Once again people have found out Iraq is funneling money to Iran, money laundering it. They find new, different ways and because of that the US dollars received are restricted. And because of that restriction it causes a huge black market and causes their currency to devalue.
As soon as we see the budget all hell is going to break loose… there will be another exchange rate announced. It will be around 1000 or 1100…in preparation for the float.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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