Dinarland Highlights – 6.3.23
In Iraq I continue to hear solid stuff with great expectations of the culmination of the budget battle tomorrow [Saturday] or early Sunday. From the banking side…my redemption center contacts are pretty confident they will work on Sunday. I don’t know what that means…will they be seeing people? will they be doing prep work?…will they be getting all the toasters ready and rolling out red carpets? …I do not know.
[Iraq boots-on-the-ground report]
FIREFLY: Prime Minister Sudani gave a television speech and they’re re-running it over and over again…it’s about him saying that’s it’s Iraq’s government responsibility to provide a safe environment opportunity for our reforms. He went on to say Iraq is a safe place to invest in. He’s talking to all the companies across the world that are coming in here to invest...The speech was about 90 minutes long…it is part of the monetary reform education.
FRANK: International in preparation of your national native currency to leave your borders on a float and gain more value. That’s what they’re teaching you. That is the monetary reform. That is why they repeat it over and over to you.
I don’t care when the budget comes out. I am extremely excited about all of these sentences that Sudani and Alaq are telling you [Iraqi citizens] on a daily basis.
The convergence coming up this weekend is phenomenal. It’s fascinating. Just know the…POS activated, implemented, launched. They’re using all those words so be excited. It’s looking good…
I am monitoring what’s going on in Iraq but it’s pretty much the same. What I’m looking forward to is once the budget has passed and they start allocating out the funds is watching the growth happen in Iraq. That’s what I’m watching for.
95% of the budget is being financed by oil sales. What happens if oil sales should tank? Then Iraq is right back where they were when they were damn near bankrupt. They need the budget to pass so these projected can get financed and they can start finding alternative ways to create fees and not rely on oil so much. As long as everything is done by the book that shouldn’t be hard to do. But…projects …are sitting there waiting for money so they can continue…
“International report: Iraq’s 2023 budget ushers in a new era of development that the country has not witnessed in 50 years“
“This is What Happens the Morning the IQD Increases in Value Against the US Dollar“
[Series 4 of 5]
…The Iraqi Dinar floats to 25 cents to one IQD…The ONLY purchase you should make is for health insurance, nothing more, nothing less. If you spend money on anything else, you will be joining the broke lotto winners and NFL football players who didn’t invest their salaries when they were younger. Your ability to implement self-discipline will translate into your ability to generate a positive cash flow from your profits. Because once you spend your profits, you are broke!
WALKINGSTICK: Things are looking good. It’s always quiet before the storm.
FRANK: It’s always quiet before the perfect storm.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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