Ariel
@Prolotario1
Iraqi Dinar News:
1. Current Exchange Rate: 1320 dinars to 1 USD.
2. Proposed Revaluation (RV): Dropping three zeros from 1320 results in a new rate of 1.32 dinars to 1 USD.
3. Pipeline 2024 Budget:
• Allocated Amount: 6.5 billion dinars.
• Converted to USD using the proposed rate: 6.5 billion dinars / 1.32 dinars per USD = approximately 4.9 billion USD
4. Calculation:
6.5 billion dinars
4.9 billion US ≈ 1.32 dinars per USD
Advertisement
______________________________________________________
4.9 billion USD 6.5 billion dinars ≈1.32 dinars per USD.
Now I see why the The Budget Department of the Ministry of Finance called on all ministries, governorates, and entities not affiliated with a ministry, to send their representatives tomorrow/today Sunday, June 23, 2024, to receive estimates of current expenditures, revenues, and investment projects for the current year.
Which were approved by the House of Representatives in accordance with Parliamentary Resolution No. (64) of 2024, adopted at its session numbered (27) on June 3 of the current year.”
People they now have all the calculations for what is going to be spent. Which means they are ready to reinstate the currency. The Revaluation happened internally in-country in 2023. We are not waiting for that. Man we are so close now. Because with these investment projects ready money is about to start flowing in.
The current rate of 1320 dinars to 1 USD, when adjusted by dropping three zeros, would be 1.32. The calculation then links the budget allocation for a pipeline project, which is 6.5 billion dinars, equating to approximately 4.9 billion dollars.
This aligns with the new adjusted rate, suggesting the timing of these financial plans is intentional, aiming to expedite projects like the new pipeline before 2025. Remember they do not have the luxury any longer to drag their feet. The oil pipe line is being expedited.
I hope you all are preparing yourselves. You can wake up at any moment and be in an entire new income bracket. Everything is is perfect alignment. Especially when you consider the ATMs that are being deployed.
Advertisement
______________________________________________________
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
