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Dinarland Highlights – 7.6.23
Mountain Goat
…the CBI told me they were moving along and we should expect the rate in the US. But last Saturday I did finally get in contact with my CBI representative and I was told that the Oil and Gas law did impact the ability for the Central Bank to move ahead…the RV or Reinstatement has NOT occurred I can assure you with 1000% certainty. We still wait. Will the passing of the Oil and Gas law make any difference. To me it should since I also know it is a constitutional requirement and I was told a decade ago there will be no Reinstatement unless the Iraqi constitution is fully implemented and this law is such a critical law…
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Frank26 (KTFA)
They were supposed to open the budget on Monday. They didn’t. Why? Because we don’t have the exchange rate yet. There’s a lot of confusion…but everything that is confusing will become crystal clear with a new exchange rate…
[Iraq boots-on-the-ground report]
FIREFLY: Sudani on television said the dollar exchange rate will decrease after Iraq catches and arrests all those responsible persons for the i*****l trade of parallel markets in making the dollar rise.
FRANK: Wow…nothing will happen without the new exchange rate. How do you get the new exchange rate? By controlling those that want to control the new exchange rate illegally…
FIREFLY: They’re saying currency companies are requesting amendments to the currency auctions.
FRANK: …There are no currency auctions. There is no longer a way for you Iran to steal the money of Iraq. Sudani is not going to amend anything in the budget so we get the auctions back…
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MilitiaMan (KTFA)
The hydrocarbon law/oil and gas law….is going to be based off what their exchange rate is and the value of oil…It will be put for a vote during the current parliamentary session…my assumption here is once they apply an international exchange rate they’ll have the valuations they need to be able to complete the process…I think they have the support from around the world to be able to do that…
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MarkZ
[via PDK]
It’s still crazy quiet. I have been reassured that this is not a negative thing. Things appear to moving behind the scenes. But, they are clamping down on any leaks. This is a good thing. I believe this silence is a good thing right now…it appears we are very close due to the efforts they are using to keep things quiet. Most are under some type of NDA… I continue to hear our “window” is wide open now and they expect something within 10 days of the first of this month. We are now 6 days in.
My redemption contacts are all geared up and ready. They firmly believe they will be working hard at any moment. They think they may be working the next couple of weekends. We will see.
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Paulette (KTFA)
Why does everybody keep talking about the “HCL is in the budget“? The only thing I have seen is the foundation for the Oil and Gas Law between Iraq and Kurdistan in the budget. This is not the HCL portion for the Citizens. They are two separate issues…
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Kaperoni
One of the biggest issues in Iraq is the physical paper. There can never be an increase in the value with that much paper in circulation…there’s 90 trillion dinar or more in circulation. We always thought they would have to gradually reduce that in order to increase the value…They need to remove the dinar. They’re going electronic with their currency and they’re pulling in the physical paper money. That’s not removing the money supply but it’s converting it from paper to electronic…
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Breitling
Question:
“Iraq has banned the use of U.S. dollars in transactions personal and business in an effort to try to strengthen their dinar which is what we want…I see this as a real positive step toward the RV and I wondered if you did as well?“
If it’s true, it’s a huge positive step… there’s something that kind of scares me though. Countries will do all sorts of weird things trying to get the dollars from the population so they can use it themselves…right now it’s just information. Don’t get all your hopes [up] and hype it until it plays out…If they are limiting the use of the US dollar it’s a big deal.
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Sandy Ingram
The Iraq-Qatar agreement was signed about 3 weeks ago…the impact is enormous and is one of the many reason we believe the IQD will float at a higher rate. Qatar and Iraq have signed what is considered an explosive agreement to establish 150,000 barrels per day oil refinery in Iraq…Qatar has the highest GDP per capita in the world, meaning Qatar is filthy rich as a country.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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