Dinarland Highlights – 8.5.22
On Wednesday al-Sadr gave a speech…Al-Sadr openly declared what his policy is going to be for the next government. He said…the only direction is to dissolve parliament and re-run the elections… the coordination framework said they will officially respond to Al-Sadr’s demands in the coming hours…Oil is high and money is flowing. Can they keep the Sadr momentum going and get the govt formed while “the iron is hot”…Remember that caretaker prime minister Al-Kazemi will remain in power and position until the current crisis is resolved.
[What…If Iraq goes alone?]
I am still told that even if Iraq goes alone [No Global Currency Reset]… even if there is a float…our rate is covered by a contract/treaty…set higher then it will initially come out at…I was told about $2 more per dinar…they will only honor the higher denomination notes for a limited time. We learned this in Kuwait, China and other revaluations that have happened throughout history. So if you wait too long …your currency really could become wallpaper.
…Iraq itself has been very quiet. They are going into a weekend where they hope to seat their government. All I can say, even though you are tired of hearing it is “buckle up”.
[Tivon from DR’s says it is just about to go because Kazemi has the power to call it.]
Kazemi really does…that’s why I am still looking for it to go at any moment. And, he has clearly said they are going back to the “Pre Gulf War Rate”.
Everyone is gathered around the dance floor waiting for the music to start. The chatter has been really good this afternoon…but we just have not seen it yet.
[Iraq boots-on-the-ground report]
These videos are out all over the place…seen them over and over again and they are talking about our currency and what we used to use in the past [coins]. The last thing he talked about the new notes and discussed the possibility of the dinar and investment opportunities. The other video you asked about talked about the same thing about how the Iraqi dinar going to change. He didn’t say how much. He touched on Kazemi and CBI deals…The third video was more about investment opportunities here in Iraq…there is another video and that one talk too about new notes and coins to offset the rise of the dinar and make operational for daily transactions. This all leads to a rate change…
IMO the IMF gave the CBI until July 31st. …Yeah, IMO…they said you have until the 31st to complete all of this.What is all of this? Release your new exchange rate…IMO they have 30 days from July 31st to complete this. This is just my opinion.
[Guru] Nader From The Middle East] released a video.
…Some people are asking me to please translate it…This person is regurgitating the news that we’ve already spoke about…there is some encouragement going on when it comes to the Iraqi dinar exchange rate…What this person is talking about was an older article…
…Somebody somewhere along the line started telling people that the rate change has already happened. It has not happened. It doesn’t make sense…to announce that it’s happened privately and not do it publicly…They’re talking about a rate change but they’re not saying when they’re going to implement this…So hang tight people because you are a lot closer than you even know…it’s gonna happen. Things are changing around the world right now. We can se it as clear as day…
“Iraq’s al-Sadr demands dissolution of parliament, early elections“
This news could and will ultimately affect our Iraqi dinar investment…Sadr has urged his supporters to continue their sit-in…until his demand of dissolution of parliament are met…
I don’t know what the big deal is surrounding the 15[th] other than what was explicitly said by the CBI as to what they want done prior to that…The CBI gave out those dates for the banks to get on the new platform…The 2nd half started on July 1st. BUNA has not launched yet. Are they waiting to make sure the CBI is ready? Well if the CBI is not it probably has to do with the banks who still are preparing to join the new digital platform by the 15th.
“The storming of Al-Khadra renews calls for the transition to the presidential system“