Dinarland Highlights – 5.16.23
“IRAQ IS EXPERIENCING AN UNPRECEDENTED PERIOD OF STABILITY“
Go RV! Go RV! Yes, the STABILITY we all have been waiting for. Its here! This stability only came as a result that Al-Sudani is not going along with the goals of the Coordination Framework. Instead he realizes Iraq must progress forward and it is time. But these Framework politicians in Parliament are holding back and trying to delay once again…But we will see very soon what happens as June 1st is very near.
“POLITICAL AGREEMENT TO PASS THE BUDGET LAW IN THE NEXT FEW DAYS”
“...most of the political forces, finally agreed to pass the budget law this week without putting any obstacles.”
They are aiming to take a vote on May 17th tomorrow.
Nader From The Mid East
Something is happening this morning. The float has been started guys. It’s floated and we see what’s going on. For now everything is calm. Nothing is coming out. The budget will come out this week. Tomorrow I hope…they’re gonna announce it. So get ready for everything…I want to say congratulations but not yet. Don’t get all excited. Keep grounded and just wait…
[Iraq boots-on-the-ground report]
FIREFLY: They say now we are banned from using dollar here and we will be held accountable if used dollar in any way.
FIREFLY: I went to go see my bank friend. He said in his opinion we should see a rate just prior to the budget being opened…it make more sense he said to do it before or when they open it. Either way it’s coming to us.
FRANK: Yes it’s coming. The problem is we don’t know exactly when. The timing will bring you the [lower] notes and the new exchange rate when it’s proper. It looks like it’s very soon…IMO he is absolutely correct. Either before or during or after. The key is it’s coming!
“The government eliminates the hopes of speculators with its new procedures regarding the circulation of the dollar”
THE CBI SAYS THE AMERICAN DOLLAR IS NO LONGER WELCOME IN IRAQ!!! BECAUSE THEY NOW HAVE THEIR OWN NATIONAL CURRENCY TO BE INTRODUCED, THANK YOU FOR THE MARSHALL PLAN.
“Iraqis banned from trading in US dollar”
“The Iraqi Ministry of Interior issued a ban…prohibiting traders and civilians from conducting business in the United States (US) dollar,“
Member comment: [Guru] Nader says the float has begun.
MarkZ: Yes…and I am hearing it from multiple sources. And my contractors on the ground in Iraq also agree. I am hearing similar things from almost all my Iraqi sources that a float has commenced. One of my key intel people shared that what they believe we will see next is a few days of roller coaster style adjustments in foreign currency rates and then we will see the rate lock in for announcements and notifications. There was a a lot of conjecture early on that they would do it exactly this way…a float within country …then lock in…then BAM. As I understand it- that is the process right now.
There is no turning this monkey back…It is out in the jungle and swinging around the world with new rates…so watch it… It is exciting news…we just do not know timing yet. But we do know-according to every single one of my sources that –the float has occurred and we are simply waiting for the process to lock in our much preferred new rates. I am exceptionally excited. We don’t know exactly how it will roll out…we just know it is now rolling out. No more holding it back…it’s now out of the gate. There are rumors running around that I have not been able to substantiate yet…that this float within the next 2 days or so is projected to reach $1.61. That’s what some of my contracting sources think.
The representatives have accomplished their second reading of the federal budget and it looks like they’re going to do a vote on the budget sometime around the middle of next week or so…if they continue to delay the vote on the budget it’s going to make this particular government look bad…will it get passed? You hope, the sooner the better because there’s a lot of projects out there that are waiting for funding. If they can get these projects going IMO you’d be looking at some great growth economically over in Iraq…
Multiple sources are excited TODAY and are expecting to see something happen…very soon!
I believe we are watching Iraq go international.
“Iraqis banned from dealing in US dollars“
“Government warns of punishments as it tries to control currency crisis that has let to price rise…the surprise announcement …reflects an attempt to close the gap between the official exchange rate and that on the black market…”
It’s all being set up to eventually say to the American dollar bye-bye. Everything you’re seeing right now is doing exactly that. They are pegged to the American dollar, then supply and demand will determine the rate based on the tight bands of + – 2% compliance.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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