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Dinarland Highlights – 8.22.23
MilitiaMan (KTFA)
I think as far as everything being in place where Iraq is concerned with their re-instatement timeframe…I think the writing is on the wall that they are going to go into the international financial system…And we also expect to see the new small category notes (lower denominations) released in Iraq…and I am hoping this will happen in the next short period of time.
…I believe there was an article from the courts that Iraq had 30 days from July 26th for the budget to be implemented and for them to start spending… for them to start spending –it’s a heck of a lot cheaper to buy things to rebuild with a at least a rate of $1 then 1310…Whatever rate they come out at I believe it will have to be strong. Alaq has said he is not going to float the currency…suggesting it’s going to be a strong rate.
Federal Court specified their own timelines…They specifically stated 30 days from July 26, 2023 that the 2023-2024-25 budget has to be implemented by that date. That’s 30 days.
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Mountain Goat
… we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon…this is their target, and we know now it is. Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros? Just be patient, the reinstatement is coming.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sudani on television again saying in the coming days we will see the overthrow of the major corrupt. This is what we think is the final part to cut the head off the snake…My bank friend told me this it the part we’re looking for next and then we get what we want.
FRANK: …You can trust Sudani to cut the head off that snake.
Why isn’t there a lot of article…information this past week? Why? It’s on the [down] low side right now on purpose. You’ll see.
Corruption in Iraq is being dismantled and that’s what we need to have the new exchange rate…they stepped on the gas…hundreds of people being arrested. Millions and million of dinars being brought back to Iraq. This is all part of the monetary reform…
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Clare (KTFA)
Article:
“World Bank: Iraq’s economy is “fragile” and its debts have risen to $152 billion”
Quote:
“…noting that the Central Bank auction caused the redirection of hard currency to the parallel market, which led to a decrease in the value of the dinar against the dollar.”
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Pimpy
I know a lot of you are eagerly waiting for the announcement that the exchange rate is massively jumped up to this large number because…this budget can’t function without a large exchange rate. I’m saying that’s BS…
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MarkZ
[reference Militia Man post below, 8-22-2023]
The most important timing he [Militia Man] mentioned is with Al Sudani and the expectations to have money flowing by the 26th. A lot of folks in Iraq and involved with Iraq believe this could mean a change in value.
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Walkingstick (KTFA)
[Aki’s Iraqi Bank report]
All banks are back online. The ones they did not give licenses to will be under the tutelage of the CBI. No more F$%^ing around…Banks…machines have been set up. We have done everything that the CBI has requested of us. We do not know of any other meetings that we are scheduled with the CBI…All that we are waiting for is the exchange rate now.
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Nader From The Mid East
As long as they [Iraqis] have money and they can buy and sell stuff they don’t pay attention to it [dinar RV]. That guy’s gonna have one million in his pocket or 1500 it’s gonna be the same thing. It’s going to spend the same thing. In the United States and Europe too they talk about…all over the world they talk about because they know it’s gonna happen…It’s an investment for the outsiders. But for Iraqis it’s not an investment…Over there if we change the currency all we have to do is take that 2 millions and change them to two millions with small categories…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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