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Dinarland Highlights for July 28, 2023

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Dinarland Highlights – 7.28.23

Mountain Goat

The Governor of the Central Bank, Ali Al-Alaq, revealed on Wednesday, measures that will contribute to the stability of the exchange rate, and…he also pointed out that the new proposed 20k note has been dismissed from printing…we do not wish to expand the current categories, because the project to delete zeros still exists…  All we can do is sit tight and wait.  It is coming soon and this is yet another good sign that the new governor Ali Alaq is on the reform side and wants what we want.  

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Clare (KTFA)

Article:
“Parliamentary address to Al-Sudani calling for changing the head of the Central Bank (document)”

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MarkZ

[via PDK]

The Text of the Baghdad-Kurdistan agreement on the implementation of the budget.”

This is a massive move forward and it looks like they have worked through the last of the HCL hold up stuff.  Money and agreements- looks like things are moving.

They told us they are at least going 1 to 1 as a bare minimum. I still expect considerably higher.

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Frank26 (KTFA)

The CBI is talking about the American dollar… Look, stop using it.  If you stop using it you don’t have to worry about the exchange rate of the American dollar verse the Iraqi dinar...The value of the American dollar will drop like a meteor in the ocean.  If you stop using the American dollars…the value of the dollar will go down and the value of the Iraqi dinar will go up.  

Question:
Are they going to take the three zeros off of the 25k note?  Are they going to take the three zeros off the exchange rate?

When you delete the three zeros from the official exchange rate of the Iraqi dinar with the CBI you automatically remove 3 zero currency notes from the street… .00085791 something like that this morning, if you take that decimal point and move it to the right three time you remove the three zeros.  You’ve got about $0.86 cents, round off to a dollar

That’s the whole project…They don’t take a pair of scissors and cut the three zeros from the 25k note...Electronically they remove the three zeros from the exchange rate which in turn stops the citizens from using the three zeros notes because the exchange rate does not work with 3 zero notes.   What does this new exchange rate work with?  The new lower denoms.  The 1, 5, 10, 20…100… 

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Jeff

A very important article came out today that is very critical and important to the rate change.  Article Parliamentary addresses to Al-Sudani calling for changing the head of the Central Bank”  This is a very important critical step for the rate change…

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Samson (KTFA)

Article:
“The Central Bank of: Issuing a new denomination for the national currency is not on our agenda at the moment”

…The Deletion of the zeros project still exists…

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MilitiaMan (KTFA)

There’s a rate that’s being involved…to all these allocations that they’ll need for this ’23, ’24, ’25 budget, that hasn’t been exposed yet…We believe they are not going to go into an international market at 1310.  If they could have done it already they would have done so…

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Walkingstick (KTFA)

The plan is to de-dollarize Iraq as much as possible.  They’re doing a very good job.

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Bruce (The Big Call)

[via WiserNow]

…we heard from a very, very high military source that is well connected to this process. He is telling us that we could get notified between now let’s call it…tomorrow and Monday, the 31st…We could get notified over the weekend. But it might not be until the 31st or the first which is Monday…get started on Tuesday, the first… I think we’re all going to be very happy campers at the end of this month. And at the very beginning of August and I’m excited about that.

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Paulette (KTFA)

Question:
“Has there been any word on the HCL possibly being resolved yet?”

I have not seen anything on the HCL for years, only the Oil and Gas Law between Baghdad and Kurdistan. Did you not see that they finalized agreement and signed MOU’s…?? This will be the final basis for the Oil and Gas Law!! DONE!! DONE!! DONE!!

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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