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Dinarland Highlights – 7.22.23
MilitiaMan
[via PDK]
There are…things we are hoping to see in the next short period of time.
…I am looking to see the 2023, 24, 25 budget allocations …they need to start spending money on projects. We will hopefully see things come to fruition in a short period of time. We are in a fascinating time frame… everyone and their brother are chomping at the bit to have a previous era exchange rate that’s internationally accepted to do business with in the region…everyone is coming to Iraq. These are exciting times and I am feeling very upbeat.
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Mountain Goat
Article:
“IRAQ’S NEED TO LEGISLATE IMPORTANT LAWS, INCLUDING THE OIL AND GAS LAW TO COMPLETE THE BUDGET”
The oil and gas law compliments the new budget, Article 140 compliments the oil and gas law. Get it? They are all hard to separate and are connected.
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Frank26 (KTFA)
Article Quote:
“The parallel price means the exchange rate of the dollar in the market…and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.”
What…when? They don’t have to tell you when. They don’t have to tell you nothing. But all of a sudden…this exchange rate comes out of nowhere like Godzilla coming out of the ocean and surprising with a big roar, ‘Our official exchange rate is 1132.‘ No it’s not. You’ve been telling everybody it’s 1320…If you remember, I told you I was hoping they would get this down to 1100 or to around 1000. In that way we can just drop the zeros and we’re at 1 to 1.
Article:
“Al-Tamimi: The oil and gas law needs to include the decisions of the Federal Court”
THE HCL IS THE KEY TO THE NEW EXCHANGE RATE & TO THE 2023 BUDGET.
The new exchange rate and the budget will probably come out together.
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Clare (KTFA)
Article:
“The crisis of the rise of the dollar returns to the fore… and an upcoming parliamentary procedure”
Quote:
“The Parliamentary Finance Committee confirmed, on Friday, its intention to host the Governor of the Central Bank and the Minister of Finance during the next week, to find out the reasons for not controlling the parallel exchange rate.”
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Pimpy
I know there’s a lot of chitter-chatter going on about all the things that are going on with the Iraq bank. I get it. I understand that. But just understand there’s changes happening that Iraq wants to do more to make sure funds are available for projects…personal loans….for people who want to start businesses. This all helps the Iraqi economy grow. Doesn’t mean much at the moment. It depends on how many people come in and are successful with taking out a loan and being able to do something with the money they take out.
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Nader From The Mid East
All the banks of Iraq demands strength of the dinar against the dollar.
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Walkingstick (KTFA)
Things are happening. Interesting enough they are not putting out articles fast enough. There’s things…that are not even in articles that are rather important…
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MarkZ
Rumor…from someone on the street that it is accurate…we heard that the rate changed from 1 – 1300 to 1-1132. That’s a massive change, especially since we’ve been told for about 6 months to expect one more rate change for de-dollarization and then “BAM” we get the big one. So, it appears that they have made that move…the CBI is still showing 1300 so that’s the part that has me confused right now…I will look for the concrete proof of that.
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Kaperoni
Can the Iraqi dinar go up in value? Of course it can but it will never go up significantly overnight. If they decide to raise it, it will go up gradually over months and years. Iraq could never handle an overnight RV not to mention the expense.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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