Dinarland Highlights – 8.20.23
Question: …what is your confidence level that we will revalue by the end of 2023.
MarkZ Answer: I don’t know about August but I still feel good about 2023 as a year of historic change.
…We wait for more news on the progression of the currency reforms being instituted by the CBI and the coming second “official” rate change to around 1000. But they are not there yet and I do not expect this will take too long now that the budget is released. What if they do experience inflation? They will also have to take more reform measures to combat it. Also, to coincide with the RV they would have to conduct the Project to Delete the Zeros thus the redenomination… there is no mistake on the CBI plan…
There is no delay…If you know very well that Iran is stealing the currency, the bloodline, destroying the spinal cord, destroying the unity, the harmony, the sovereignty, the proudness of Iraqi citizens as their nation would you not also want to remove that? …we don’t have the perfect situation for the monetary reform to be released. We’ve got terrorists… corruption …thieves…Now granted it’s been really reduced…
The next step in the monetary reform is exactly what you’re seeing right now. Remove those evil people – Iranians and Iraqis and any other foreign persons…Have you ever seen…a prime minister from Iraq do what this man is doing? Never, not in your lifetime…Sudani is a great leader and Iraq is blessed to have him. The things that he’s doing is amazing. There are no delays. It is the next step of the monetary reform plan.
“We only get one chance to get this right.”
Oh boy is that ever so profound for you to say. You can’t make a mistake and go back and fix it. Not in a monetary reform. Math would not allow it. You make a mathematical mistake in this monetary reform it will all crumble. Worse than anything else, you make a mistake Sudani/Alaq with the Iraqi citizens, that’s it…your monetary reform will fail.
We saw a documentary video of them specifically reducing the note count, destroying money….We don’t know how much money they have destroyed yet but they will probably disclose it because it’ll be a necessary thing to disclose when they go international. People are going to want to know what their money supply is. The bottom line is they were destroying and…making little pellets with perfectly good money.
Those of you out there on the Internet that are doing the math saying this doesn’t work, if you don’t know how much money they’ve destroyed, you don’t have good calculations. So be very careful on telling people that it’s not going to happen when it clearly is showing the Central Bank of Iraq, The Finance Ministry, the World Bank, the U.S. Treasury and everybody else goes against what you’re saying. Be fair in your analysis.
“The US ambassador’s statements about the rise in the exchange rate of the dollar against the Iraqi dinar”
“US ambassador to Baghdad, Alina Romansky…indicated that Iraq’s adoption of the legitimate banking system guarantees the stability of the dollar’s exchange rates.”
The meetings that are coming up are going to be very telling about the future of Iraq…What they got to do is come over here and work with the United States and seeing if there’s a happy medium where they can raise the exchange rate but not by much. Then the United States promise to bring in X amount of U.S. dollars into Iraq so the gap between the official rate and the parallel exchange rate is not so big. It’s causing too many problems.
“It is not possible to float the dinar in Iraq because we don’t have various sources of foreign currency.”
Which is unbelievable…I’ve been researching it. The question is a float verses a hard revaluation, a hard manipulation, what they’re doing right now. You and I are in a hard manipulation. It is not based on market value…on float…on anything…He’s right…Iraq doesn’t have access to a foreign currency reserve like everyone else does. So they’re going to do a hard revalue. There’s no threats at all…this means everything because there’s not going to be a float. There’s doesn’t need to be a float.
Iraq is very close to joining the WTO. Wrong. There are often articles about joining, but until they diversify their economy so they have products to export, there is no reason to be in the WTO.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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