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Dinarland Highlights – 6.28.23
Mountain Goat
I feel we have been in a critical period of the currency reform program since January of this year 2023. Now we are in a “vital” period since the three-year budget has been passed on Sunday June 11 and now ratified by the president on June 21, as needed to become law. It is now law and needs to be posted in the Gazette but only for records sake. Anything could now happen and is going to happen. In fact, this week or next could be the pivotal last days for our investment. The CBI has told me they want to conclude this process of currency reform by July 1.
Article:
“GOVERNMENTAL ADVISER: INTERNATIONALLY APPROVED FINANCIAL INSTRUMENTS WILL HAVE THEIR CORRECT BIRTH IN IRAQ”
Quote:
“The financial advisor to the Prime Minister…confirmed that it will be a place for the activities of selling and trading governmental and private securities, similar to what exists in the world, pointing out that the importance of the financial center in Iraq announced by the Central Bank of Iraq.”
…this is one of these WOW!!! news articles. Do you know what this means? This supports the FACT there is now no turning back. They must now liberate/reinstate the Iraqi dinar to FOREX and other global currency exchanges.
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MarkZ
[via PDK]
Member: Question…what do you feel worst scenario will be with taxes on this? I still believe there will be no taxes…but be prepared in case I am wrong…. Noone will know for sure until the RV happens.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Due to a new 6 day holiday EID all stock market trading will be closed until July 3rd.
FRANK: They are trying to talk to you again. The budget is at 64 trillion. That is impossible at a program rate.
FIREFLY: The dollar is jumping just like they said it would happen during EID. It is jumping because of the need of the dollar during these 6 day of the holiday and we don’t have any more auctions they are closed. So the demand for the dollar is up. They told us not to worry it will change back after the holidays…
FRANK: For them to tell you the exchange rate of the dinar will climb after the budget is introduced that’s not a clue that’s the monetary education straight to you.
FIREFLY: Soon…the projects that are in the budget will start to be funded.
FRANK: Not at a program rate!
FIREFlY: And it’s going to be retro to January 1st 2023.
FRANK: And so will the new exchange rate be retroactive to January 1st.
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Pimpy
An increase in the exchange rate of the Iraqi dinar would be a big help to Iraq when it comes to rebuilding infrastructure but it’s not going to happen. They depend way too much on oil. Anything can happen to oil prices and it would be really detrimental to Iraq.
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Walkingstick (KTFA)
[via Frank26]
The budget is odd. It’s weird. It’s a break in the pattern. We have a budget, we really should have a new exchange rate to make this budget make sense. So this is why I find it to be odd, weird, not normal for this budget to come out not making any sense because one of the first line items is the vote on a new exchange rate…
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Nader From The Mid East
An article I read earlier about the exchange rate in Iraq. They published it today. They didn’t put how much but the good news there is there is a new exchange rate. Anybody who hold the Iraqi dinar they’re going to make a little money. I’d say must be between 13[00] and 1000. Get ready for it.
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MilitiaMan (KTFA)
Iraq ‘s going to be just like Singapore … London, Frankfurt, New York. Those are the things you don’t get at 1310. Everybody out there who thinks it can work at 1310…They’re not going live at 1310, 1186, 1470. They never have done it. Why? Because it doesn’t work.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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