Dinarland Highlights – 8.28.23
tlm724 (Bond Lady’s Corner)
“Parliamentary Finance Reveals Details Of Hosting The Governor Of The Central Bank Regarding The Dollar Exchange Rate And Housing Initiatives”
“…the Governor of the Central Bank, Ali Al-Alaq, to discuss the Central Bank’s initiative to grant citizens loans to solve the housing crisis and the exchange rate of the dollar.“;
“…”The issue of the exchange rate of the dinar against the dollar and the reasons for the high prices were discussed...“
How do you get an increase in the Iraqi IQD? It is by adding value to the dinar that you take value away from the American dollar.
Until they say they voted then you don’t have the HCL. But…they got the HCL. They got everything. Everything is in a line waiting for one thing and one thing only…
“Two urgent decision to enhance the ability of the Iraqi dinar against foreign currencies“
…That sounds like you’re going to raise the exchange rate…This is a sign change is coming… we’re in the process of watching it.
When they say, “Iraq is the heart of BRICS but yet still under the American tutelage…” Why? Are they saying Iraq has a job to do? Are they saying Iraq has something left to do to make some changes? …Does that sound like change in your exchange rate? That’s what it sounds like…to me. Are they going to go international to the private sector? Yeah. Are they going to have the World Trade Organization knocking on the door? Yeah. All these different things are phenomenal items to pay attention to.
…the chatter this morning is things are very much “back on track” … Mondays are usually super slow, so to get news over the weekend from a number of group leaders that things are back on track with great expectations is good… that really lit me up over the weekend with all their preparations for this coming week... So cross your fingers …I am hearing things are now off of “stuck”…
…I have been tracking today…a number of articles and commentary coming out of Iraq. There are meetings between representatives of the CBI and the government…I am being told these meetings will continue into tomorrow and a major topic in these meetings is the “Exchange Rate”…they are focusing on increasing the strength of the dinar in comparison to the US dollar so they can continue to de-dollarize…By changing purchases to dinar instead of dollars…interesting from Iraq on that front.
“After the ‘newspaper campaign’… Expectations for the expansion of car sales and purchases in Iraqi dinars”
“…large and original car dealers began to widely enter the electronic platform to obtain dollars at the official rate and import cars, as well as began selling cars at the official price, but the car market is still dealing according to the parallel exchange rate…In the future, the process of selling cars in Iraqi dinars will expand at a price close to the exchange rate of 1132.“
…The Biden Administration started allowing Iran, not Iraq, Iran to increase their production of oil.
We know they put together a 3-year budget. It has been voted on, it passed, it was announced in the news and still they had not yet allocated out all the funds for the budgets. Once they have been fully implemented and the money has been dispersed what we’re hoping to see is the start of infrastructure which would give a lot of employment for the locals…
The POS – Point of Sale system, in Iraq is operational and on YouTube…Using POS is exempt from taxes…POS devices are being distributed to all shops and businesses for cashless transactions…There is still lots and lost of cash hidden in the mattresses by Iraqi citizens. The Iraqi banking system is trying to get all these Iraqi dinars…It looks like Iraq is slowly pulling in all of its own currency, the dinar. Everything will be digital. The question is where does this leave investors who are holding the paper Iraqi dinar?
[Aki’s Iraqi Bank report]
We are waiting for the same thing everyone is waiting for – the new exchange rate.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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