Dinarland Highlights – 10.23.23
“International and international pressure to pass the oil and gas law”
“The Prime Minister’s financial adviser, Mazer Mohammed Saleh, confirmed in a press statement that accelerating the approval of the federal oil and gas project law in the House of Representatives as soon as possible will establish a stable national road map for investment and production for the country’s main sovereign resource, which is oil and gas.”
…Iraqi Rate is going to 1000, next is 1:1, then the CBI will give an In Country Rate, followed by an International Rate approved by the US. …The unlock codes arrived on Fri. 20 Oct. from the World Bank.
This is not what you want, our own government to be so concerned about the actions of Iraq that they would be forced to do this.
“Washington directed the departure of the family of its diplomats and non-essential staff from Iraq and not to use Baghdad airport”
That’s not good. We need for Iraq to say out of conflict of any kind…Unfortunately there are Iranian backed politicians therefore they’re going to be involved…
They need to 100% de-dollarize. And I mean all markets with stiff penalties. We understand they have to do it [Use the dollar] when they’re doing sales of oil but everything else stiff penalties. Nobody else is allowed to use US dollars. I wouldn’t even sell them to the locals. There’s always going to be a black market. You have countries under sanctions like Iran, Turkey Syria all under sanctions by the United States and they want US dollars. This is a poor predicament Iraq is in but they need to do something…
People keep asking me, ‘In your opinion Pimpy are we going to see a change in the exchange rate before the end of the year?‘ I say no but if we do it’s not going to be very significant. If anything you might see it go from 1320 down to maybe 1,200. It’s at least a step in the right direction and I’ll take it…I don’t care how small it is just as long as they’re doing something with the current exchange rate. Baby steps that’s fine.
Comment: lot of rumors about dinar going to 1000?
MarkZ: The 1000 to 1 always made sense to me…then they quickly pull the big revaluation right after…but there are rumors around the streets…even though its been very quiet in Iraq. Right now getting any news over there is like pulling teeth from a grizzly bear with no anesthesia…but it is pointing toward they already did that his weekend in Iraq. We are watching for that. If its accurate…then BAM.
Its quiet on all fronts today…Quiet is not a bad thing. The sheer volume of misinformation things being dropped right now tell us important things…like how they are trying to cloud the timing.
“The US State Department statement pushes the state administration coalition to an “important” meeting at Al-Maliki’s house”
Nader From The Mid East
“The governor of the Central Bank Ali Al-Alaq…considered the process of stabling the dinar exchange rate against the dollar as a big operation that requires changes to the Iraqi commercial system…This came in a speech during the first annual banking conference hosted by the city of Erbil under the slogan The Banking Sector Opportunities for Advancement and the Future of International Companies.”
If they’re going to go from 1310 to something different…likely to get into the international world with a Fair Effective Exchange Rate there’s going to be a major change to the commercial system …Obviously he’s [Alaq] talking about changing the commercial system. So something has to change and what we think that is…is their exchange rate.
This stuff that I bring to you is not pie-in-the-sky. It’s phenomenal stuff. So get ready we’re about ready to see some fireworks. That’s my hope.
When you ask when is it going to happen… ask how is the cleaning going. How is the removal of Iran…eradicating the smuggling going. That’s what we want to know. Nothing else. Because once the atmosphere is suitable you’re going to get what you want. You’re never going to get rid of the cockroaches but you can definitely control them. That’s what’s happening right now – corruption is being controlled, it’s being cleaned up.
“Iraq allows transactions in Chinese yuan as it seeks to avoid US restrictions on use of the dollar”
that’s a big deal. They’re getting away from the US dollar...
“The decision came after the return of an Iraqi delegation from a visit…to Washington”
They got approval from Washington it seems…They banned people from dealing in US dollars also [in their local markets], another big move…they don’t want to use he dollar anymore.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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