Dinarland Highlights – 5.25.23
Mountain Goat
Yes, we are VERY close to something big happening with the dinar…Yes, I do have some concerns about not seeing any news about the project to delete the zeros… Integral to the RV is this project to delete the zeros. One can not happen without the other. Many time already, Al-Sundani has told the citizens of Iraq the dinar is stronger than the dollar. …Yet it is still less than 1/6 of a penny. So when will they make this move and prove it to the citizens and given them a new rate?
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Frank26 (KTFA)
I don’t care when the budget comes out. I don’t. It’s not the budget I seek. I care about when the new exchange rate comes out. And there is a line item IMO that has the new exchange rate in it…
[Iraq boots-on-the-ground report] FIREFLY: We need to believe we will see a new rate soon after this historic budget. It just has to be with all the ground work that’s already been done. FRANK: We are really leaning in the direction that we want to see the budget. Give us the budget and then turn those trillions into billions…the flip of a switch would covert the exchange rate.
If they start to expose the budget, they’re going to expose the line item about adjusting the exchange rate against the American dollar. It’s a program rate…right now against the dollar and they’re going to adjust that? Well bye-bye program rate. I wonder what the rate will be?
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MarkZ
[via PDK]
I am now hearing they want to let this thing rip on the 30th-31st on the street level and that we will see a lot happening over the weekend-including Iraq’s budget. They expect to pass it –rubber stamp it this Saturday allowing them to move forward with rate changes...I think this month is very much still in play.
I still think it will happen in the month of May. I was told they are trying to have US- you and me starting our appointments around the 30th and 31st…..I still feel good about the month of May. Remember Nobody knows the exact timing.
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Pimpy
Let’s clear this up…an RI is a reinstatement. People always intermingle that with the RV. An RI would be reinstating the rate in which a currency once was. In Kuwait…they were invaded, they dropped the value way down but after Iraq was removed…they reinstated the rate where it was before the invasion. As far as Iraq is concerned, way different because what happened in Kuwait was a short period of time, not to mention Iraq is under restrictions. Are they going to have a reinstatement? I don’t think so. That’s my opinion. But could it happen? Of course. Anything is possible…I think you’re going to see an RV which is a re-value...
There’s been a lot of back and forth …People are claiming the currency is floating and that it is on the Forex …Is the IQD on the Forex? …Money exchanges, not the global Forex, do list the IQD. Since the IQD is a recognizable legitimate currency they still keep track of it but it’s not paired up with anything and it’s not trading…at this time Forex.com does not offer trading in the Iraqi dinar…
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MilitiaMan (KTFA)
the quote says, ‘After these article [12, 13, 14 – Oil agreement] are resolved with the Finance Committee the parliament session will be determined to vote on the budget.’ …What we believe is that is the key point. Once we get that done, if Halbousi…their president, signs off on this it opens the door for us to be in effectively a window. I don’t have a date, time, rate…but the fact remains…because of the nature of the 3 year budget it will allow them in our understanding of it to have the ability to make an exchange rate change whenever they can.
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Kaperoni
The current plan that Iraq has stated is over the next three years. That is why the budget will be a three-year term, that is why the new Central Bank of Iraq building will open in 2025, and over the next 16 months Iraq will diversify, pass laws and begin the rebuilding process.
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Breitling
All I’m trying to do is eliminate the conspiracy theories and hype out of a legitimate opportunity. Nobody knows what’s going to happen. I have an idea based on policy. My evidence is policy. They said they want to revalue it at a $1.17 then they want to get it to $3.75. I have proof. The doubters don’t. The only thing they can say is, ‘It hasn’t revalued yet.’ So what. What the hell does that have to do with the price of tea in china? It’s all speculative.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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