Dinarland Highlights – 6.22.23
MarkZ
[via PDK]
“Iraq’s president ratifies record $152 Billion budget-criticized by IMF for too rosy projections”
In other words unless there is a change in value –Iraq cannot pay those bills. It is clear to me Iraq is expecting a substantial change in value…also…an article that they were signing the HCL law today…It was a big, big day in Iraq.
…It was exceptionally quiet overnight…I have had some interesting conversations with people in key positions and they believe the reason it’s so quiet and why we have gotten so many NDA’s is because the original plan which was Tier 1, tier 2, etc…has been altered and it will now happen at one time. All notices will now come at the exact same time. …So that is why they think we are seeing a lot of NDA’s and quiet. That is their opinion and it makes sense…It would be impossible to stop if they do everything all at once. No one could throw a curve or hiccup in it…It would juggernaut straight through…I am still hearing it will happen this month…
Question: What else do they have to do before the dinar can hit the forex?
MarkZ Answer: I think they just have to officially determine the rate and post it. Now that they have finished the budget and HCL ectc… I’m getting a lot of chatter about a possible $3.81 rate. This rumor is also in Iraq that they are getting ready to go at $3.81 and that is what many people are expecting. Some sources think we will see it on Saturday…Some on Monday. Am I excited? Yes. A tremendously good source on the ground in Iraq who is very connected with the government seems to think that this is accurate…That being said- we have been here before so stay grounded.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: President approves the budget. It’s in our media news…We now have the budget.The Minister of Trade is on the news Channel One saying Iraq is in the process of doing all that is needed to become members of the WTO. The news is also showing anti-money laundering committees…talking about ways to deter c--------n and also talking about the dollar exchange rate…
[Response to General Flynn post below]
This was the general that was the spearhead when we went to Iraq. Do you understand the power of what General Flynn just said to the whole world? Exactly what we’ve been telling you about the Iraqi dinar versus the American dollar. Exactly what we’ve been saying about the exchange rate. They’re de-dollarizing. They’re lowering the value of the American dollar in their country because it adds value to their currency, the their national currency that they are soon to introduce to the Iraqi citizens…
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General Flynn
[Retired US Army Lieutenant General]
The writing that’s on the wall is this shift to a central bank digital currency system is going to change the very nature of the strength of the U.S. dollar globally…I see this happening in the next 90 days not the next 20 years. I think this is going to happen very quickly. What Iraq is saying, Look in order for our sovereignty to be maintained we’ve got to strengthen the dinar (their version of the dollar) and lower the value of the U.S. dollar and we’ve got to stop using the US dollar as the currency of choice when we do trade agreements, when we do business.
When we do any kind of monetary activity inside of Iraq they want to start using the dinar which means it should drive the value of the dinar up and the value of other currencies down – meaning the US dollar. What it means to me after spending 23 years of my life there but after the US has spent the better part of 30 years in Iraq fighting…it’s just telling me this is a big sort of slap in the face of the United States of America the fact that they are moving back to their version of their currency, the dinar and lessening the role of the US dollar. If you want to have a sovereign country you got to have your own currency and essentially that’s what they decided to do.
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Walkingstick (KTFA)
[via Frank26]
They’re getting ready to float the currency. They’re getting ready to introduce their sovereign national currency. That’s why they called back all the executive level bank managers back to Iraq
[Including Walkingstick’s banking friend Aki]
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Pimpy
The president has signed the budget finally into law.What does that mean for Iraq? How does that benefit those who are hanging on to the Iraqi dinar? …Finally it is set in stone. Iraq has passed a 3 year budget. Infrastructure is going to be big on here…There has been a ton of money set aside to start investing into Iraq…We should see unemployment numbers start to go down and more people contributing to the tax payment. This is exciting for Iraq as long as the c--------n people don’t start showing their true colors everything should be really good. So congrats to Iraq.
There are a lot of exciting things going on, things I was hoping would start to happen once the budget was passed. We could see the wheels are rolling and things are starting to fall into place. We have large groups of people looking for outside investors. A report came out recently that said Iraq is stable, the government appears stable, the economy is starting to become stable. If this is the case you can definitely see a bunch of outside investors coming in pretty quickly and that’s what we’re hoping for…
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MilitiaMan (KTFA)
The government and private banks – What they’re trying to do is establish what they’re call a qualitative shift in the Iraqi economy and enhance the stability…In revaluing a country’s currency you need security and you need stability…Their whole goal here is to tell you bits and pieces…but it’s not their job to tell you the date. It’s not their job to tell you specifically the rate. However they give you an indicator…10 years ago they felt it was worth $1.13 from the Central Bank. That’s just what they were saying/suggesting. They’re not giving it because it’s not their job to do so. But there is a job to maintain some education.
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Clare (KTFA)
Question about signed Budged:
“Does this mean we now move forward to posting in the Gazette?“
IT IS LAW NOW THAT THE PRES. HAS SIGNED IT. THEY WILL GET IT IN THE GAZETTE. THAT IS JUST A FORMALITY.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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