Dinarland Highlights – 7.9.23
MilitiaMan (KTFA)
Halabousi was talking to the leaders of the country, the politicians etc, he says to run away before your arrest on c--------n charges. So the Speaker of the House of Representatives is telling the people, those of you that are c-----t, you better start running…There’s been 96 arrests…those arrests probably have some influence on why Halabousi has suggested these guys take off and start running.
The Minister of Transport announced the completion of the port is 60%…At 1310 how many dinars is it going to cost to rebuild a port? How’s that going to work? It didn’t. It’s not finished… Remember this 2023-24-25 budget is retroactive to the 1st of this year…If they change the exchange rate…if they got to 1 to 1 that’s 1300% cheaper. What if they come back to the previous era…around $2.80 to $3.22…that’s 2600% cheaper… amazing how much cheaper that port’s going to be to build. Same with all these construction projects…The country is going to have to import those materials.
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Frank26 (KTFA)
Nothing will happen without the new exchange rate. How do you get the new exchange rate? By cleaning the floor of the CBI that has the new exchange rate so all Iraqi citizens will be well protected and their currency will not be stolen anymore, will not be counterfeited anymore … Sudani is busting everybody’s behind and it’s on a daily basis for the monetary reform…
XRP pairing with the dinar is a tell tale sign of an international float that’s coming with a pairing of many currencies with the Iraqi dinar.
You have to know when to hold them and when to fold them. When the new exchange rate comes out at least IMO 1 to 1, 90% of you are going to go to your banks and exchange. You’re going to say, ‘I’m done. I’m out of here. I’m happy with this.’ And that’s enough. That’s what the CBI is counting on by the way. If you have only a few dinars I don’t blame you. But if you have a lot of dinars, I would tell you to consider exchanging 10% and holding onto the 90% and watch the float.
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Paulette (KTFA)
Question:
“The latest article…suggests that the HCL will be passed in the next legislative term. When is that term?”
The legislative term starts on the 13th but currently the Oil and Gas Law is not on the agenda. When it is, expect a first reading, at least 3 days and probably two weeks before the second reading at which time a Third reading could be waived and the Law voted. If third reading, expect another 3 days to two weeks after the second reading.
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Walkingstick (KTFA)
There are no restrictions on the Iraqi dinar? Yes there are…It’s still a program rate. That’s a sanctioned rate. The Iraqi dinar is in position to trade internationally when they put it on Forex…I believe the Iraqi dinar is being put into position to go to Forex, to go into international platforms without restrictions…
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Mountain Goat
Article:
“IRAQ AND GERMANY SIGN A STRATEGIC COOPERATION AGREEMENT IN THE FIELD OF COMMUNICATIONS AND POSTAL SERVICES”
Does Iraq need this to RV? NO! But it certainly shows us once again just where this country of Iraq is slowly progressing more and more “open to the rest of the world”.
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Pimpy
All currencies have some type of backing …what supports the IQD is the oil industry. But there are other things out there like the amount of gold they buy, the amount of foreign currency assets they build up, all these things support the IQD. But when you say something is asset-backed that means this particular commodity solely and purposely supports the currency and Iraq doesn’t have any assets or any commodities that solely are developed for the sole purpose of supporting the IQD.
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Kaperoni
We’ve been saying for a long time nothing was ever going to happen with the dinar until Iraq diversified their economy. We’re reading about it today that this is their focus.
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