Dinarland Highlights – 8.9.23
…If you were around a decade ago…remember that the CBI governor back then, Dr. Shabibi, he was able to stabilize the rate of the dinar at about 1166. I firmly believe this is about the rate they are targeting from 1320 to around 1166 next as their next “official” CBI rate. I was told this by my CBI contact that we would see yet one more official rate change prior to the project to delete the zeros and then the reinstatement…
The instructions for the budget, which I say is an exchange rate, a different one, is not in the gazette that is being released…These clowns, parliament committee, they went behind Sudani’s back and they added projects to the budget for themselves…knuckleheads…We were going to do it this week but no you had to put this abuse in it. So we’re going to hold up on the budget.
The CBI can’t reduce the value of the American dollar. Only the U.S. Treasury can do that…but you can add value to your currency can’t you CBI? You can add mechanism to your own currency that will increase the value and decrease the American dollar in the process…
[Iraq boots-on-the-ground report]
FIREFLY: My bank friend say when they delete the zeros it will be from the exchange rate and not the currency. Alaq said the rate change is on his time and the delete the zeros still exists.
The World Trade Organization is waiting patiently for Iraq’s ability to get certain things stabilized and agreed to. They have some obstacles to get over the World Organization wants them to do. That obstacle is most likely their exchange rate – being Article VIII IMF compliant. That’s going to be a very key component for this to happen.
[The Prime Minister Sudani] is suggesting..the government has launched major projects…
“5 cities have been announced and we are in the process of preparing the second meal in order to prepare it for investment…”
He’s effectively telling you we’re launching all of that… You have to ask yourself, how are you going to do that at 1300, 1310 or 1320 as the exchange rate? You can’t. We’re gonna have to watch and see what he’s going to do…Remember, go back in time. Al Sudani said, ‘Hold on to your dinar because the dinar is stronger than the dollar.‘
“Exchange companies refuse to sell the dollar: We are content with little and do not anger the central bank”
“Explanation of the new instructions Many exchange companies stopped selling dollars on the black market, to avoid the penalties waved”
…I’m expecting something big to break loose by Friday…most of my sources are “hey, just relax, watch it unroll between now and the 16th and 18th…you’ll have everything you ever wanted“…I’m watching it all come together…but we don’t know the time…we are clearly moving in that direction…
“What if Iraq un-pegged from the U.S. dollar?”
…it would have significant implications for the country’s economy as well as for its international trade and financial relations. People are talking about un-pegging because of all the crap and stunts the United States pulls on Iraq causing the Iraqi dinar to lose its value…I think they would feel a lot more comfortable on de-pegging themselves if they had more than just oil providing the money for their budget. If they had other revenue streams that would be big…I don’t think Iraq is in position quite yet to do that…
…Issuing one’s, fives tens, twenty notes. There will be no issuing of any smaller denominations until they develop a private sector economy, improve the countries GDP, reduce the money supply significantly.
“Wouldn’t it be great for the U.S economy for an Iraqi RV?”
How would that be good? “Biden could over tax it.” I don’t think it’s as big as you think it is…It’s not that the Iraqi dinar isn’t important. It is. But it’s peanuts.
You should not panic if we do not see the new exchange rate just yet. I can be changed at a moment’s notice. Why? Because a new exchange rate has already been calculated. IMO it’s coming out to make the budget function financially. Nothing makes sense until we get a different exchange rate.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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