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Dinarland Highlights – 8.12.23
MarkZ
[via PDK]
“Dana Gas receives $80 million from Iraq’s Kurdistan region”
oil is absolutely flowing in the Kurdistan region. I think this is a solid sign that the money is moving and so is the HCL (hydrocarbon law). This is a big one in my book…
They need this sooner not later. IMO they do not need a float that is going to take forever. Things are very positive coming out of Iraq. …I cannot tell you the exact timing yet…but sources think it may be sometime between the 15th and the 20th of August …This August – not next..lol.
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Mountain Goat
the BIG, BIG news…I quote- “the technical advisor to the Prime Minister, Muhammad Sahib al-Darraji, confirmed that Iraq did not actually come out from under Chapter Seven, indicating that the Federal Bank controls the dollar.” Actually “officially”…Iraq has been “fully” released out of Chapter VII. So why does this advisor say otherwise? …the US won’t let Iraq get out their control of the billions of dollars of oil revenues flowing through the NY Chase Bank. That is really the issue...So, what situation does this put us in for getting the RV?
Common sense dictates that the US will have to let go eventually and allow the full impact on Iraq of getting out of Chapter VII and freeing up their oil $$ under their control once again. The mere fact that we are seeing an article like this one tells us the pressure is building to let go. This may take some actions from the UN to force the US to let go. They will also have to let go of OFAC sanctions on the dinar, which are still be imposed on it. If the constitution is fully implemented and the Pillars of Financial Reform are completed, we may see the RV and the Reinstatement.
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MilitiaMan (KTFA)
Article:
“Development Fund.. a step for economic advancement and investment revival”
This article is packed with data! They are talking about the “nucleus” of the projects that will get Iraq into the real world of infrastructure build out, to get the development project off the ground and into to the private sector…It is all about show time…The costs associated with building networks of industrial cities, infrastructure, etc.. It is going to be massive and effectively far more cheaper once they adjust their currency to reflect a real effective exchange rate.. Amazingly cheaper IMO…
The Central Bank put out strict measures…now they’ve put out a 4th package. That 4th package is to reduce the interfaces for people to be able to get the dollar. Once they get rid of the dollar, what happens? The parallel market is going to get even worse… because …supply and demand. If you reduce the dollar, it’ll become so expensive that they’re not going to want to use it. There will come a time where because they can’t get it they’ll be forced to use their own dinar. That’s what this package is dealing with.
Article:
“Towards a new global financial system Economical”
This article doesn’t go so far as to suggest Iraq is in the running or even applying to be a member of BRICS. Iraq may fall into the category of interested and monitoring developments while collecting and analyzing information. We will be watching close…
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Frank26 (KTFA)
The HCL is not delayed…it’s in the budget and it waits for the new exchange rate…HCL is a vital key in releasing the new exchange rate…Once you see the HCL you will also automatically see the new exchange rate. They go hand in hand.
Question:
“If I only turn in a few dinars, how long will I have to exchange the rest? 60 days? 30 days?”
Unknown. But IMO the IMF normally gives years for the float but with the great demand of the Iraqi dinar right now IMO it will not take that long.
There’s no such thing as “one” 800# unless you’re talking about the United States Treasury. That’s your universal 800# that you can pick up and ask them, ‘Hey which one of your banks is going to be exchanging the Iraqi dinar?’ They’ll gladly tell you. You know why? Because they want you to exchange your dinars at these American banks so the dinar can be put into our federal reserves.
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Pimpy
For 20 years Iraq has passed and was able to implement a budget even with the bad exchange rate… But people out there say, ‘It’s impossible, this budget won’t be able to make it without a higher exchange rate.‘ That’s not true. Who said they can’t make it without a higher exchange rate? …the exchange rate does affect the budget but…they already know the value of their currency. The entire budget is based on that value…I’m not saying you guys [Iraqis] couldn’t appreciate a much higher exchange rate. I know we would love for you guys to get one…but…those individuals out there swearing up and down Iraq is not going to be able to make it without a higher exchange rate for these budgets, that’s just a false claim…
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Kaperoni
Iraq made a decision some years ago that they want to raise the exchange rate based on the economic success of the country. This is the only way Iraq could afford such an event. Only with the success and growth and increase in GDP can the dinar go up in value. This takes time.
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Breitling
Look at all the countries surrounding Iraq and you look at the values of the currencies and you average it out. They don’t want to be below that average. They don’t want to be too far above that average because they’d be too expensive to do business with them.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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