Dinarland Highlights – 7.12.23
Yada (TNT)
1 dinar will equal $1 in Iraq. But when we exchange that dinar in the US, it will be $3.81. Because the dinar will have 4x the spending power in Iraq or worth 4x the value of the dollar. If it floats in Iraq starting at $1.60, that means we get $1.60 in the us starting out…As the exchanges increase and demand for the dinar increases, we will see the value increase in the US also…What affects the float is the demand for the dinar. All governments are holding dinars in reserve, when we go and purchase oil, we will use their dinar with it’s increased value…And what is even more amazing, all countries will be purchasing Iraqi oil using their dinar, not the petro dollar.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They are talking about a date to show us citizens the instructions to implement the budget after the federal court rulings.
FRANK: So, after the federal court ruling there’s a date to use to open the budget…we’re just waiting for one bloody thing. That’s it. The new exchange rate…all roads lead to the new exchange rate of the Iraqi dinar.
Do we need laws? No. Do we need Erbil Stock Exchange set up? No. All that can be done afterwords. Do we need budget signed, sealed delivered? No. Do we need to satisfy any country that needs to get paid by Iraq? No. In fact other countries are paying Iraq right now just to do business/just to pay attention to them right now. So the monetary reform only needs the exchange rate? Yes, That’s right.
[Iraq boots-on-the-ground report]
FIREFLY: Bank friend says they’re going to be taking all transactions from banks and even insurance payments that have been in dollars to be all now converted into dinars and things that were dealt in dollars will be in dinars at the official exchange rate. Doing all transactions in dinars that way is going to strengthen the dinar and make it more attractive to outside investors and it will bring a stronger dinar and stability and help the Iraqi citizens and our economy.
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Mountain Goat
Article:
“THE IRAQI PARLIAMENT WILL RESUME ITS SESSIONS NEXT WEEK”
On the thirteenth of July, the Iraqi Parliament will resume its regular sessions, after the end of its legislative recess.
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Nader From The Mid East
[Response to Guru Pimpy’s 7-11-2023 post below]
[Guru] Pimpy saying Iraq still under restrictions of the United States…Let me tell you something. Pimpy is right. Iraq is still under the command of United States…Maybe 50% free but not 100% free…Iraq is going to be under the punishment of United States for a while. Iraq is working hard to gain the trust of the United States government…
Anything Iraq does it’s for the okay of United States. If United States says no, nothing will happen. So [Guru] Pimpy is right, still a lot of punishment still there…You never heard United States declared sovereignty to Iraq. That never happened yet. When that happen everything else will change…It’s not going to take long to get out of there because they’re working hard to show them we’re capable of control our own country…
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MarkZ
[via PDK]
Member comment: [Guru] Nader says the RV will never happen until the US gives Iraq sovereignty?
MarkZ: That is exactly why we see Iraq behaving the way it is behaving. Nader says Iraq is still under the command of the US. Iraq is paying off its debts…that is why they filed with the WTO for ascension…It is bringing its banking up to s---f… Iraq is doing everything it needs to do to support a higher currency rate. They are doing everything it needs to do to remove the US influence. They want the US completely out of there. I believe they have made tremendous progress.
…I believe they are close to being able to pull the trigger and go their own way without the US… I believe they are closer than they are telling us…and they are using smoke to cloud the timing.
Articles out today of deals being made in Iraq. Like the 27 Billion Total gas deal…. Businesses don’t invest billions of dollars without being sure of a ROI. If all of these companies are investing – they are pretty dang sure of the outcome. They are pretty sure they will make a good return on their money. They cannot do that unless Iraq makes a move with currency and stability. Some of the biggest companies are banking on the fact that Iraq is going soon and quickly.
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Clare (KTFA)
“The Federal Court issues a state order to stop some articles of the budget law“
Quote:
“On Wednesday…The court said…that it issued a state order on 7/12/2023 that included stopping the implementation of the following articles: Article 28..57…65…70…71 and 75 of Law No. 13 for the year 2023 (the federal general budget of the Republic of Iraq for the fiscal years (2023-2024-2025) Until the constitutional lawsuit filed before this court to challenge its constitutionality, registered in the number (153 / Federal / 2023), is decided“
IT MEANS SUDANI GOT WHAT HE WANTED. THIS DOES NOT AFFECT THE BUDGET FROM BEING IMPLEMENTED IMO
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Bruce (The Big Call)
[via WiserNow]
…the oil and gas law we understand is finally done and passed and should be announced tomorrow [Wednesday], and…into the Gazette…tomorrow, Wednesday…Now if it comes out, it’s supposed to come out with…The new Iraqi dinar rate – this would be an in country rate for the country of Iraq – and it may have international implications as well…it won’t be the same rate…I roughly know what those rates are but…I’m not really supposed to put that out…but…
...they’re very high and very favorable especially for us that are in this country…our notifications should come out as early as, sometime tomorrow [Wednesday] afternoon. And if not tomorrow afternoon/evening…They would come out Thursday morning…this is looking very good from many different sources. It’s lining up very nicely. I do not have anything that goes beyond Thursday…
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Pimpy
Question:
“Is the Iraqi dinar asset backed?“
No. It’s not an asset backed currency.
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MilitiaMan (KTFA)
Article quote:
“Al-Sudani received the head of the French company at total energies after assigning a deal with a deal worth 27 billion dinars…“
I don’t know if that’s a mistake but that’s what it says…$27 billion dinars. You go down a little bit…
Article Quote:
“French Giant total energy signed an energy agreement worth 27 billion dollars“
So there you have it. Two ways in the article. Why would they do that? I don’t know but they did it. You have to ask yourself are they broadcasting something…? Is it a 1 to 1 ratio? Don’t know but that’s what this article says.
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Kaperoni
Community Comment:
“It’s interesting when u compare Iraq with Jordan’s economy. Pretty similar stats, I’d say Iraq is better with lower unemployment, higher average income. and over 4 times higher GDP. However the Jordanian Dinar is 1.41 to 1 USD and the Iraqi Dinar is 1/6 th of a penny to 1 USD.”
This is only part of the problem. Iraq must create the conditions, pass laws and encourage investment. Only then will they be on par with neighboring countries so they can unleash (float) the dinar to create its own value.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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