Dinarland Highlights – 11.7.23
Not a lot of RV news but, the overwhelming consensus is that they did their best to pull the trigger over Friday and Saturday. Their backup plan was Monday night or Tuesday….They feel very confident they will get this thing wrapped in the near future. There is a whole heck of a lot of expectations for the next 2 days.
Question: Mark do you think the RV is waiting until January?
MarkZ: I don’t think so. So much is happening now…and all at once…Most of my sources believe things are moving at a wonderful pace this week.
[Iraq boots-on-the-ground report]
FIREFLY: The black market dollar rate is at 1680 now continuing to rise…
FRANK: Of course the black market rate is continuing to rise because it’s constantly being suffocated by Sudani and Alaq with the monetary reform process.
FIREFLY: The television says the parliament session will end on the 9th of this month and parliament is telling us that there are no more scheduled sessions this year nor are there any emergency sessions. That means the HCL law didn’t make it again. They’ve been telling us it was going to come. That they were going to vote on it on this session. They’re saying no more sessions until next year. It’s a little disappointing…
FRANK: I don’t care what parliament says and neither should you…Sudani and Barzani have your HCL. All that is needed is for the new exchange rate to come out in order to activate it… Sudani can call a session on his own.
This year IMO is a fact…that’s 57 days until the year is over with. In that 57 days we believe we will see our blessing.
“The Baghdad dollar jumps to 168 after intense speculation on the stock exchanges”
So the exchange rate of the US dollar soared. In other words that’s the wrong direction.
“the selling price reached 1680 for every dollar.”
What does this mean? They need to change the exchange rate…At least go back to the original rate of 1190 dinar…
I believe they’re going to go up in increments as the dinar gets stronger especially next year when they’re using solely the Iraqi dinar. That’s going to strengthen the dinar but there’s always things that could change the way the dinar goes up in value. Removing the sanctions would be huge…
“Preventing the withdrawal of the dollars in Erbil via the ATMs”
…They’re closing up shop…They’re prohibiting withdrawals of the dollar via ATM machines…the process is happening.
“The elimination of the parallel markets and parallel exchange rate in the end of the state of the dollarization and trends towards an automatic increase in the value of the dinar.”
…I believe…[when] the parallel market goes away within moments, an international acceptable exchange rate…
“The government has achieved a lot in his first year.”
I don’t disagree with that. I think the man’s been off and running like no other inside the country and globally…He was at the UN assembly meeting. He went to Europe. He’s been to Switzerland…China… Russia. He’s been doing a lot of things in his first year…
The Parliamentary Finance Committee renewed its support for the Central Bank’s measures to control the exchange rate. This tells us they are still onboard and working with the CBI towards their common goal or the eventual reinstatement on FOREX.
[Iraqi bank friend Aki update]
Aki’s boss who has a bank inside of Iraqi ordered Aki last week to stay at [Aki’s bank in the southern part of the state where the bank is located]. The reason why is because there is a change to the exchange rate of the Iraqi dinar [coming].
Nader From The Mid East
Things are moving fast. We’re moving pretty good. The economy is getting pretty good. Believe me it’s gonna be very very good. The private sector is solid and it’s getting stronger. You’re almost there…Like I tell you always, keep your head on your shoulder…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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