Dinarland Highlights – 6.23.23
Mountain Goat
The saga about the Iraqi dinar RV only gets better and better. 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…but the CBI told me from their experience in the past they are not going to advertise the process at the end anymore until they are absolutely sure and are implementing it. Integral to the RV is this project to delete the zeros…Are the newer notes already printed? Yes, they are printed and in the vaults at the CBI…they are not yet in the ATMs and so we wait. One cannot happen without the other.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The television news is saying the recent rise in the dollar rate of the parallel market is only temporary and the dollar exchange rate will drop very soon.
FRANK: If the American dollar exchange rate drops, what happens to the Iraq dinar exchange rate? It’s going to go up…hopefully 1 to 1…the Iraqi dinar is going to go up and very soon.
FIREFLY: It can’t be soon enough. We wait and wait and wait.
FIREFLY: TV saying Iraq has finished all the requirements for joining the WTO. Saying all financial agreements reached and Iraq is planning to join the WTO
FRANK: This is monstrous. What are the requirements to join the WTO? …You do not have to have an International exchange rate to be a part of the WTO but it’s very encouraging to see they want to join because the financial requirements are part of the monetary reform. And to join the WTO is the first steps to go international.
FIREFLY: The CBI is talking again about improving external transfers about raising the rate of our hard currency.
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MilitiaMan (KTFA)
The president of the republic is old news. He ratified the budget on the 21st…It’s a turning point for Iraq because the 2023-24-25 budget is ready to go to law, is likely to go to the Gazette…ratification is amazing. Everybody should be jumping for joy because an end result is going to come from it…
A market economy/private sector is not going to be at an exchange rate of 1310. It’s just not going to work…1310 is not going to get them international. We all know that. Do the math on the budget. It’s just not going to happen. So thinking it’s going to go until 2024 or 2025…? Hearing it on the streets doesn’t make it right…This is real. It’s not a joke. They’re not telling us that we’re going to 2024/25…
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RayRen98 (TNT)
[via Babysmom]
MOST RECENT ANTICIPATED OPENING RATES…DONG .47…DINAR 3.81…
Article:
“The budget law reaches the Ministry of Justice and will be published in the Official Gazette next Monday“
And now we know when, so we just wait.
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Clare (KTFA)
“Source: The Budget Law has reached Justice and will be published in the Official Gazette next week”
Quote:
“The budget law has reached the Ministry of Justice and will be published in the Official Gazette (Al-Waqa’eq) next Monday, June 26, to enter into force.”
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MarkZ
[via PDK]
We are hearing the budget will be in the Gazette on Sunday or Monday…Getting all kinds of back and forth on it. What we do know is it will be published for the people very soon. There is not much news...I think they are being quiet on purpose…here at the end…That is exactly what I am being told…that they are cracking down on leaks and I should expect to see “quiet”…I take the quiet as an exceptionally good sign.
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Pimpy
Article:
“Source The budget law reaches justice and publishes it in the official Gazette next week“
The Gazette is like the official record keepers of Iraq. The Gazette is usually responsible for keeping a copy of all the information and records as time goes on.
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Walkingstick (KTFA)
[via Frank26]
To be a member of the WTO Iraq has to collect taxes from its citizens…they have to describe how the exchange rate is determined and whether or not the currency is convertible and tradable and if their foreign exchange rate is freely able to use for trade and make payments with it.
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Bruce (The Big Call)
[via WiserNow]
There’s a new rate coming out, which might have actually come out today. It’s a new higher rate of Iraqi dinar and is supposed to be published in the gazette…Now they can do a printed version any day. It doesn’t have to be on Saturday. But I believe come out Saturday, maybe Sunday…We know that the new dinar rate is coming out and Iraq will actually start trading this on the Forex Sunday…Afternoon – …everything else that we know is done. Budget, oil and gas law, everything that they needed to do. Their ATMs are all fired up and working with their lower denominations…
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Nader From The Mid East
They’re not ready yet even with the budget signed up. Iraq is like credit. Country has to do a lot better for the rate to change. It’s gonna change. But not ready, not now, not this summer. My information it’s not before July next year. You take it or leave it…stay stable. Keep calm. I wish it could happen tomorrow, everybody will be happy. You don’t think I’ll be happy? I wish, but it is what it is…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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