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Dinarland Highlights – 6.18.23
Mountain Goat
If the CBI was successful in regulating the use of the dollar in Iraq and now the conversion solely to Iraqi dinars as their national currency, then the redenomination to the lower denominations this could go quickly. Of course, there is lots going on here and there will probably be some hiccups as they may expose more c********n in the banks or black marketeers as usual. Anything can happen but there is no turning back now on the process.
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Frank26 (KTFA)
The program rate is impossible for anybody to come into the country of Iraq and invest. It hasn’t happened for God knows how long and now by pure magic it’s going to happen? No. There’s a reason they’re coming in to invest. The reason is simple. It is logical. They’re about to make a change in their monetary reform.
Article:
“After approving the tripartite budget, will the dollar exchange rate decrease?“
YES IT WILL… A DECREASE IN THE DOLLAR EXCHANGE RATE EQUALS AN INCREASE IN THE IQD EXCHANGE RATE… THAT’S THE GOAL.
Quote:
“After passing the general budget, citizens hope that the exchange rate of the dollar will decrease, especially after approving the largest budget in the country’s history“.
Question:
“Why Chase Bank?”
Chase Bank was one of the four that was selected. There were 4 major banks that were involved in this IMO…the first one was the piggy bank of the United States, Bank of America…Chase…Wells Fargo…CitiBank. Their roles in the chain of command of the monetary reform are about to be disclosed.
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MilitiaMan (KTFA)
The budget will not work with a mechanism of 1310 exchange rate. Not a chance.. Al-Alaq the CBI Governor knows that imo.. Very much so…A three year budget is meant for to keep pricing for materials in check and stable. Keep in mind a strong currency will make it cheaper for Iraq to buy materials to re construct the country. It may be something to think about coming here soon.. What an awesome time it is. This budget is not something to take lightly. It is going to be an historic event.
They said in numerous articles that once we have the budget law done that the next step would be to expedite the oil and gas, which is the hydrocarbon law that takes care of the citizens.
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Pimpy
People are claiming they can’t do reconstruction and anything else with the 1300 exchange rate. Yeah…They sure the hell can. That’s why the entire budget is based on that rate…The budget is the largest in history of Iraq. It’s a 3-year budget. So for you to go, ‘Oh, they can’t do it at that exchange rate.’ Is absolutely false. All the calculations were based on the exchange rate they came out with.
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Paulette (KTFA)
ALL is GOOD as of today. Look at all they have and are putting in place just this year. I like this window going into July for something to change. However, stay grounded as we really do not know…We know they have plans to change their currency and ultimately, they need to RI their currency. Whether 2 hours, 2 weeks, 2 months…a change is coming.
Community comment:
[Thank you for your Application to join the WTO Iraq – just an FYI – ‘You ain’t getting in with a program rate of 1,300 to 1’]
I disagree…the rate is irrelevant to the World… Very relevant to the CBI who has to supply the actual money…look at Vietnam… Instead, I believe ‘You ain’t getting in unless you are recognized by the IMF as Article VIII compliant‘ is the more appropriate statement. This brings the IQD back to FOREX and easily exchange worldwide.
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Suzie (TNT)
With JP Morgan coming into Iraq now and countries pouring in to do business, everyone should be done frothing at the mouth over the budget by now, it’s time to release the kracken and show the rate internationally if they’re going to play ball and get on board with the rest of the world.
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Kaperoni
Passing the tripartite budget is more or less the beginning of events that will follow. They now have the ability to launch the rebuilding of their country, encourage foreign investment, continue to develop the banking system.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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