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Dinarland Highlights – 8.15.23
MarkZ
[via PDK]
Comment: [Guru] Nader said, corruption slowed down RV IQD no budget no HCL? [reference Nader post 8-14-2023]
MarkZ: Remember these are the same stories we saw before the RV is Kuwait…The same stories we saw in China…the same stories we historically see before any revaluation of any currency in the last 100 years. Could it be a little longer? It could but I don’t think so…they are desperate and need the rate…
Question: We have never seen an RV…so how do we know what to expect? We have seen RV’s (Re-Valuations). We may not have seen a world-wide event…but there have been many RV’s. We saw one in China in the 90’s…We saw Kuwait go through one in 91…in the 1970’s we saw Iraq go through one…After world war 2 we saw Japan go through this…We have seen Germany go through this twice…once after world war 1 and once after world war 2. This is not unprecedented.
I have not heard anything negative…a lot of projects are being funded. We know that now that money is moving they have go to get a rate change at any moment.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Friend from the bank said this is what I heard trough the rumor mill. There will be another push. It will be the final push round up of the heads of corruption coming very soon. They are looking for a blend of the budget and money flow after this final push. This is just from the rumors.
Article Quote:
“The Iraqi dinar has been in an unenviable situation for nearly 20 years. After one dinar was equal to 3 and a half dollars…”
Why are they doing this? We told you years ago when the second article from the CBI comes to the citizens they would explain to them in detail the history of their currency, they would explain the exchange rates, the currencies around them and you are seeing this… $3.21 – why are they bringing this up to their memory…psyche? …to educate them. That’s what we told you…voila.
[Iraq boots-on-the-ground report]
FIREFLY: TV saying battle of the stability of the exchange rate will end soon with the recovery of the dinar.
FRANK: This is amazing. I admit it has been a battle to stabilize the exchange rate and a program rate is not stable…a program rate has no equilibrium. The CBI is about to decrease the value of the American dollar in your country…these are indeed very exciting time.
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MilitiaMan (KTFA)
Article Quote:
“The parliamentary economic committee stands with the government and the central bank in fighting the speculators at the exchange rate…”
Everybody’s in agreement we need to fight this parallel market – we need to shut it down. Again, what is the easiest way to shut it down? Change the exchange rates to a Real Effective Exchange Rate shuts is down. In a broad sense that’s what they’re actually saying without saying it…
[Financial] systems are in place that have been updated, modified and now they’re waiting for Iraq to be ready to go to the global financial system. Once they get to that stage they’re going to be an Article VIII IMF compliant currency. That’s our expectation…That’s what they’ve been saying for quite some time.
If they haven’t gone to the international stage of 1310 and they haven’t done it today, the chances of them doing it are highly unlikely the International world wouldn’t accept Iraq at 1310.
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Walkingstick (KTFA)
There is no issue with the HCL and the Kurds and Baghdad. IOO the budget equals the HCL and the HCL equals the new exchange rate.
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Nader From The Mid East
They need to find at least 80% of the money and get it back from them [The corrupt politicians and mafia] back for them to revalue the dinar.
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Enorrste
There is no such thing as an RV. That’s the bottom line right there. There’s a float leading to growth. We can hope that it’ll grow fast and I suspect that it will but there certainly isn’t going to go from 1601 to $3.50 overnight. It just can’t happen.
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Breitling
What makes you think they were going to revalue their currency? They were depending on going international…and provide for the big boys – China, United States and Western Europe. That’s still their plan they’ve never changed it.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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