Dinarland Highlights – 5.22.23
IS IT TIME FOR ANOTHER RATE CHANGE FOR THE DINAR? …HMMMMMMMMM …TIME WILL TELL…ANY DAY NOW!!!
“an unprecedented reconstruction campaign led by Prime Minister Muhammad Shia al-Sudani in the capital, Baghdad, in particular, and Iraq in general, stressing that the general view of Iraq now has become optimistic.”
…for years I have been saying when will they get serious about the reconstruction of the war-torn Iraq? I also said that when they do, we will then most likely see the dinar reforms we need and the reinstatement shortly following. This does not mean the reconstruction has to be completed but only budgeted and the budget passed and opened. They must show Washington they are serious this time. Iraq must be STABLE and SECURE to get the reinstatement.
[Iraq boots-on-the-ground report]
FIREFLY: They are now talking on News Channel One how we need to print a note lower than the 250 notes that we have now. Something like a 50 note. They are suggesting that would in long term lower the prices of food and goods having lower denomination notes…
FRANK: This is the new national currency we have been telling you about…it’s going to start with the lower notes…The program rate cannot function with the lower notes but they are introducing them to you? Remember when they got rid of the 50 note a few years ago? …They got rid of them because they were pointless at a program rate…Now they’re going to give you something under the 250? …because they’re going to change the exchange rate…things are coming together very nicely…
“Economist: The Central Bank is working on issuing new cash… and warns of a commodity catastrophe“
THE NEW NATIONAL CURRENCY IN LOWER DENOMINATIONS WILL AVOID A CATASTROPHE!
I’m excited to see what’s going to happen. IMO once that budget comes out it’s like busting open a piñata. It’s like busting open a cornucopia. We’re going to have a lot of information given to us. It’s very valuable in understanding where they’re at with a monetary reform. Shoot, it might actually give us the new exchange rate…
In Iraq “A special session to vote on the budget on Monday” they are working on it as we speak. I was hoping we would have had the quick rubber stamp on it by this morning…but nothing yet…We told you last week that the new rate may not be in the budget…what is important is the mechanism is in the budget to change the rate whenever they need to. Things are looking great everyone…absolutely nothing negative. Many conversations on Iraq over the weekend on lower denominations. How they need something lower than the 250 dinar note. They talk about re-establishing the 50 dinar note…Why do they need smaller notes if they have coins? It means they are preparing to change their value…
“Budget 2023-politial consensus and parliamentary disagreement – when will it pass?” The people in Iraq want to know when the budget will pass. They want you to know they are meeting over the next few days and they are going to grind through the budgetary process. Personally I think this is all show and they have already approved it. And for whatever reason they are trying to buy a few more days before they let it go. The question is WHY? That’s the question I am asking myself.
“Banknote of 50 Iraqi dinars must be printed“
Right now their lowest currency is 250. This article is suggesting…a 50 or say 100...To have smaller denominations tells you there’s going to be an increase in the value to the currency – to have a need for those small currencies…
“…we’re in an economic crisis so we must hasten to find a solution.”
…they’re openly talking about small category notes. Not all of them. They just give reference to the 50 and the 100 which is a step in the right direction.
…people trying to claim there’s a in-country rate and out of country rate…there’s not going to be one that’s for out of country and one that’s for in country. The only time you’re going to see…them talk about two exchange rates are the parallel exchange rates. All that is is the difference between what the government says the exchange rate is and …what the parallel (black market) rate is. So it’s what people are willing to give you on the streets versus what the officials are willing to give you in the bank.
Nader From The Mid East
I’m upset. I got bad news for you guys. I’m really heart broken. It is what it is. The truth hurts. The reality is very painful. There’s no rate change in the budget. There’s no RV’s happening tomorrow or this week with the budget. I’m sad but what do you want to do. It’s life. The good news on the budget, there’s no law can stop the RV…In the budget they put this law they can change the exchange rate anytime…I want to be 100% wrong believe me. I hope I’m wrong…I think it’s gonna be good though. It’s gonna be good. Let’s see what going on…
This transition from USDs to IQDs in the country of Iraq can only work with a different exchange rate. The program rate is being officially removed.
“The Iraqi Stock Exchange achieves the first place in the Arab world in terms of daily trading volume and rate”
“the Iraqi Stock Exchange achieved the first place as the best market in daily trading (trading volume) and the daily average number of shares traded for the year 2022”
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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