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Dinarland Highlights – 8.21.23
Mountain Goat
I do not believe the RV will go right away once the CBI gets the green light…they would RV first in-country and restrict it to Iraq. At that time, it will be just under or over a dollar. Probably more like over to give incentives for citizens to turn in their 3 zero notes. Then the CBI will watch carefully for inflation. We don’t know how long this would take. Maybe a few days or weeks?
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Frank26 (KTFA)
I love the big push…to arrest all of the corrupt people in Iraq because it’s not just Iran, they are also arresting Iraqi crooked politicians like the former Oil Minister…all of these have been the reason why the CBI cannot advance the IQD exchange rate. This huge push to eradicate corruption is the latest of the monetary reform steps to bring forth your new exchange rate…they are destroying the corruption that was preventing your reforms…
[Iraq boots-on-the-ground report]
FIREFLY: Television says we have done a good job on getting away from the dollar but it still faces an up hill struggle. I’m not the smartest man in the world but why don’t the CBI give us a rate and a value? Then the people will flock to the dinar and be no black market dollar because Sudani says the dinar will be higher than the dollar. Why they not just do that. It’s simple in our eyes.
FRANK: What you’re asking for is what you’re going to get…if they give this rate to you now…the monetary reform will fail. If the monetary reform fails you ain’t gonna see Jack son. Nothing…I don’t blame you for venting right now. I know it’s simple in your eyes.
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Kaperoni
[Response to Guru Breitling’s post 8-20-2023 below]
…There won’t be a float of the Iraqi dinar. LOL. Wrong! A float is what they will do, but not until they diversify their economy. Only with the success and growth of their own economy can the dinar rise in value.
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Clare (KTFA)
Article:
“Al-Sudani’s Advisor Talks About An Expected Assault That Will Affect The Senior Corrupt”
Quote:
“We will witness in the coming days the overthrow of major corrupt people, because there is seriousness in the Sudanese approach, and this is one of the priorities of his government program and with the approval of all political blocs.”
Article:
“Trillion dinars, Iraq’s revenues in 6 months, and an economist warns of the “Dutch disease”
Quote:
“The Iraqi economy is a rentier economy, and this economy is neither investment nor productive, and therefore it creates a kind of dependency called (Dutch disease), so we see hundreds of thousands of young people unemployed because The government relies on oil sales to get things going, and this represents a major imbalance in the economy.”
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MarkZ & MilitiaMan
[via PDK]
Things look great this week…we need to buckle up and see what happens. Just remember- nobody knows the exact timing…
MarkZ: At one point I felt Iraq needed one more rate change but I do not believe that is now going to happen. I do not feel that is in their best interest now.
MilitiaMan: My understanding is that is not going to happen. It doesn’t make any sense at this time in the game.
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Walkingstick (KTFA)
Question:
“These banned countries – Why does Alaq the Governor of the CBI want the United States to help?“
Because sanctions on these banned countries make it difficult for them to acquire the USD. The USD rate goes up via supply and demand….This must and has been stopped by laws Suadni has implemented and brought fourth…It is bulldozing over the corruption that has prevented the new exchange rate from coming out…Sudani asked the United Staes of American for help to stop using the American dollar in Iraq.
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MilitiaMan (KTFA)
Article:
“Iraq..The total looted funds are estimated at $450 billion”
Quote:
“The Iraqi government is working to strengthen cooperation with international organizations concerned with combating corruption, such as the United Nations, the World Bank, the International Police (Interpol)...”
…Al-Sudani and other international entities are stating…corruption needed to be under control…They appear to have a good handle on things…I like the stability that it is likely to bring from the effort, not to mention the amounts of money that will be clawed back…is breathtaking.
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Pimpy
They still have not started dispersing the budget out like it should be…Is this because they want Iraq to be under the Central Bank Digital Currency? …They’ve obviously not dispersed out the funds necessary for job growth and that’s what a lot of us are waiting for…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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