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Dinarland Highlights – 6.19.23
Babysmom
…THE PRESIDENT OF THE REPUBLIC IS “REVIEWING” THE BUDGET. …HE HAS 15 DAYS TO SIGN/ RATIFY THE BUDGET OR IT AUTOMATICALLY BECOMES LAW. HE HAS SAID ON NUMEROUS OCCASIONS HE PLANS TO SIGN IT.
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Frank26 (KTFA)
We are in the middle of the month where [Walkingstick’s bank friend] Aki told us those [new Iraqi ATM] machines would have a different currency in them... [Firefly boots on the ground] is literally camping outside of those ATMs. We believe that’s the next hot spot for our investment…the ATMs have a lot more than you can imagine. It’s not just a different currency.
Question:
“It seems at some point there needs to be a public announcement in the U.S. to get the public up to speed. Are you hearing when that might be?”
The United States of America will never publicize the Iraqi dinar. Never. Our media is c*******t. Our media, I don’t even know if they’re even going to announce what happens when they finally change the exchange rate. Our media is not good. They’re evil. They don’t tell you the truth. Don’t expect any information from our media.
CBI, now you’re telling all your banks to open as many banks as you can in the largest cities we’ve got because you’re about to do something with your national currency and your exchange rate aren’t you? Yep. This is logic. What you see before you is not a mirage. It’s not an illusion. It’s not a slight of hands. This is the monetary reform of the Iraqi dinar at its pinnacle. At its apex. At its crescendo. It’s screaming from the top of the hill, ‘We’re coming.’.
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MilitiaMan (KTFA)
The currency is not going to go into an international market as it is at 1310. It’s going to have to have an International acceptable rate and calculation applied to it...buying materials at 1310 to build a country is going to take hundreds and hundreds of trillions of dinar but if you were to move it to a 1 to 1 basis it’s so much cheaper. If you moved it to 2 to 1, 3 to 1, 4 to 1, 5 to 1, 6 to 1 you can see how cheap it’s going to be to buy those products. The Real Effective Exchange Rate is going to be determined to see where were are as our investment…
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MarkZ
[via PDK]
This is important guys…”THE CBI in cooperation with banks launches large financial projects.“ Their budget goes backwards with the current rate. Matter of fact they are working directly with Egypt to develop businesses: “Egypt MSMEDA cooperation with Bank of Iraq to develop SME’s entreprenership”
On the RV front…NDA’s are kicking in hard…a lot of reports of NDA’s…No part of me believes we are waiting until next year… not at all…the fundamentals do not tell you next year…that’s not what they are telling you…the fundamentals continue to be good…I think things are in a great position.
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Nader From The Mid East
The ATM I cannot comment on it because I never saw a newer ATM, maybe operated like I told you before. But they’re not loaded with smaller categories because they didn’t even print it…They have picture of them but they didn’t print it. It’s a waiting game…
You’re going to see a lot of people coming out saying, ‘Hey it’s done. It’s gonna be this, it’s gonna be that, this’ gonna be $0.60 cents, it’s gonna be $2, gonna be $1.60, It’s going to be $4, gonna be $3‘. All this week you’re gonna go through that but you won’t know until the 1st of July or 2nd maybe…
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Sandy Ingram
On the surface Iraq appears to have achieved a measure of stability. The country finally has a functioning government after a year-long political vacuum. T*******t v******e has fallen to its lowest rate since the 2003 US invasion…however %&*$ is happening behind the curtain…For those of us outside of Iraq looking in, everything appears to be fine and for the most part it is but let’s get real with what’s really happening…
Article:
“Iraq is Quietly Falling Apart“
Iran is silently and quietly…setting up financial systems of failure for Iraq starting with the 2023 budget that Iraq cannot afford.
President Trump has hired an Iraqi-born christian to work on his civil legal team…Happy to see the ex-president maintaining his ties to Iraq. After all, he is our highest ranking Iraqi dinar investor.
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Pimpy
Article:
“Iraq is witnessing remarkable growth in the world of e-commerce for the first time“
Obviously this is good. It’s another one of those things that helps strengthen the economy inside Iraq. As you are aware the stronger the economy the stronger the dinar.
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Walkingstick (KTFA)
[via Frank26]
The IMF keeps saying, ‘You have currency inflation‘. The way to combat currency inflation is by raising the value of their exchange rate. It is the economic conditions in Iraq that determine the exchange rate.Do you think the exchange rate should be a program rate right now based on that budget? No. That’s why there are multiple exchange rates that were calculated due to the nature of their speed and currency inflation that they have now. Their inflation must not get out of hand…
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Paulette (KTFA)
They continue to talk about the “parallel rate” when they have been talking about “a significant drop in the dollar”. Saleh clearly noted “2% Required”. They are still hovering around 10%. They have put many things in place and perhaps have used this as a cover/ excuse for the de-dollarization process that we all looked for…prior to them taking the next step to change their currency and bring out the NSCN’s and Fils…I don’t see it feasible to run their country very long on the current currency structure. All seems to be falling in place. I would be ecstatic if the “parallel rate” got to 2%.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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