Dinarland Highlights – 1.13.25
MarkZ
[via PDK]
Article:
”Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil”
HCL gets its second reading on Monday…it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content…I am being told if the second reading goes well…they will immediately do the third reading…then Boom we will finally have the HCL.
Question: What is your gut feeling Mark?
MarkZ: My gut is screaming sometime between now and Jan 22. Just a guess…
Article:
“The house of Representatives votes to amend the passport law and extend the work of the e------n commission”
If you read deeper in the article is states the second reading of the budget law was successful! We did indeed have the second reading today.
______________________________________________________
Mountain Goat
Article:
“AL-NUSAIRI: EXPLAINS THE NEW MECHANISM FOR EXTERNAL TRANSFERS AFTER THE PLATFORM IS CLOSED”
…the best part of the article is the CBI is telling us that this new strategy is normal and is working so far.
I quote: “This means that the Central Bank has achieved a basic objective of monetary policy.”
______________________________________________________
Frank26 (KTFA)
Everything is moving extremely fast. When we reach this 1,000 to 1 you know how quickly they can lift those three zeros? [Snap] like that. Pushing a button and now you’re one to one…float it. Start at 1 to 1 and see where it goes from there. Everything is moving so fast because de-dollarization.
We have security and stability in order to introduce the new exchange rate that Dr. Shabibi and the US Treasury have been protecting for a long time. There are no more CBI auctions. It is now called… remittance, just like the American banks do…The CBI is now functioning exactly like international banks, exactly like American banks…
They told the Iraqi citizens we are in the process of adding a mechanism to add purchasing power to your currency. Sudani constantly kept talking about it in November and December last year – ‘I promise I’m going to do it. I promise you’ll have more purchasing power than the dollar.‘…He actually kept his promise because there is no dollars in the country of Iraq. The only currency in Iraq right now is the Iraqi dinar…It has more value than the American dollar that has zero value inside of Iraq, therefore the Iraqi dinar now seeks a door…
______________________________________________________
Clare (KTFA)
Article:
“The House of Representatives completes the second reading of the draft amendment to the budget law”
Quote:
“The Council of Representatives concluded, in its session today, Monday, the second reading “Report and Discussion” of the draft law of the first amendment to the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 – 2024 – 2025) No. (13) of 2023.”
Advertisement
______________________________________________________
______________________________________________________
MilitiaMan
In my view this reeks of a need to change the exchange rate for the Iraqi dinar or they would have already done it. If they’re going to an international state, they should have already done it by now if it was going to stay the same exchange rate…Everybody that’s been involved with the dinar should [ask], ‘Well they’ve been at 1310 for a year or more, why haven’t you done it yet?’ That’s because they’re looking for an exchange rate change because that’s what’s going to happen.
The cash cow is seriously coming to an end. We already saw that the black market/parallel market/dollar auctions they’re bye-bye…It’s true. It’s in writing…Those that are out there suggesting that it wasn’t going to happen, it already did…
______________________________________________________
Fnu Lnu
[Reply to Guru Bruce’s higher contract rate on dinar post on 1-12-2025 below]
…There is no “contract Rate” except for the people who have pre-2011 Private Purchase Contracts. If you do not have such a contract, you WILL NOT get a contract rate. Contract Rates are not paid by banks but rather by the contractor. This is Dinar Mythology and there exists NO PROOF of any such contract rate. If you want to go into the bank and sound like an i---t, then be my guest. Everyone will get exactly the same rate due to “The Law of One Price”. This can be verified. You must ask yourself how you might get a “contract Rate” without a contract? However, the banks may well have varying rates on the exchange fee but that is generally around 2%.
______________________________________________________
Pimpy
Article:
“CBI Tower and Grand Faw Port Ranked Among World’s To Mega Projects for 2025”
There are a couple of mega projects already taking place in Iraq somehow, someway with the currency exchange rate…Congrats to Iraq and their CBI tower and the Grand Faw Port ranked among the top meg projects in 2025. I know the tower is almost completed and the Port of Faw is partially open already. This is moving right along and they did it with a current exchange rate…
______________________________________________________
Advertisement
______________________________________________________
Jeff
‘Enhance integration into the national and global banking markets.‘
That’s why this is waiting for the rate to change. You have to have an internationally convertible recognized currency first, then they can get into the global banking market.
______________________________________________________
Sandy Ingram
At the present time, January 2025 the Central Bank of Iraq has severe limitations on trading the IQD on the markets. We are not sure if the limitations are because of U.S. sanctions, the Islamic faith or both…One of the fundamental tenants of Islamic finance is the prohibition of gharar, or excessive uncertainty and maysir or gambling both of which are deemed detrimental to individual and societal well-being…The foreign exchange market presents a challenging ethical dilemma for Muslims. While forex trading is a legitimate global financial practice, its nature and mechanisms often raise questions…Gambling or maysir, is unequivocally prohibited in Islam…However some scholars suggest forex trading can be permissible if conducted in a manner that avoids speculation, interest and excessive risk.
—
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
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
