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Dinarland Highlights – 6.7.24
Bruce (The Big Call)
[via WiserNow]
We had rates that were flashing on the bank screens over the weekend…Now, what has to happen is these rates that have been flashing need to come in and solidify and go hard green because if they’re flashing, you’re not going to be exchanging. But once they solidify and get to a hard green state…That’s when you know you’ve got a fixed rate to work with.
We were talking about Iraq putting their budget, 2024 budget in the gazette…Wednesday. And I get a call…Telling me – well –Sorry, what about…Saturday…we put in the Gazette, and that way everybody in the Middle East will see the budget, see the rate of the Dinar in the budget, especially, it’s going to be out and open…So the RV itself is going to start on Saturday the 8th… we’re expected to be notified, maybe overnight Sunday, maybe wake up to it Monday morning…
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MarkZ
[via PDK]
“The UN sees progress in Iraq’s anti corruption efforts and lists recommendations..”
The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”…This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.
Question:Will the budget be posted in the Gazette tomorrow?
MarkZ:I think it will be.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY:Television is showing Sudani is asking questions about 57 trillion that was left over from the ’23 budget and nobody seems to know where this money is…There is no end to the corruption.Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people.
FRANK:57 trillion dinars is missing from the budget of ’23?…Let’s pray that he can find that money because if I was Sudani I’m not going to release any exchange rate. I’m not going to do anything with the contracts.
It’s not a delay it’s a process. For those of you that think, ‘Oh, it’s a delay cuz now they got to find these [57 trillion] dinars.‘They know where they’re at…By the way it’s not 57 trillion dinars.
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MilitiaMan
Article:
“It confirmed its commitment to money laundering standards.. The Iraqi National Bank: We do not deal with companies suspended by the Central Bank”
Does this article give anyone the impression that the CBI or the Government would have allowed for over half of the countries money supply to be stolen and or disappear?Think about the insanity that would be at this stage and level of banking the CBI is at today. With having the line up of the most professional Auditors in the world in Iraq’s books, let alone the UST, US FED, IMF, WB, UN, etc.. It wouldn’t happen.
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Clare (KTFA)
Article:
“Rudaw publishes the text of the third strategic plan of the Central Bank of Iraq”
Quote:
“Regarding the initiatives that the bank linked to the sub-goals, they include the ability to issue medium or long-term securities, move from the platform to the sending banks in making external transfers, increase gold reserves,offer new issues of high qualitycurrency,automate monetary operations, and support financing…”
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Walkingstick (KTFA)
Don’t be dismayed if the rate is still the same in the budget when it comes out on Saturday...because Sudani is dealing with this [57 trillion] thievery…He could release an “operational” budget.
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Mountain Goat
As June is rolling on…. We have waited for this month for a long time to come.This month I believe is going to be a critical month for us investors...I had a very interesting conversation…call to Iraq.I was told by the committee that all is geared up for the Project to Delete the Zeros…I was told that if they can retain the stability between the Parallel Market rate and the Official CBI rate of the dollar that we could see the next “official” rate change that we have been waiting for some time in JUNE...WOW!…Nothing is certain on any dates because it is all dependent on the market and what it brings. They cannot predict this.But…my contact in the CBI did sound optimistic and that something BIG could or is about to happen and happen much sooner than later…
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Pimpy
It isn’t just the matter of changing the exchange rate and everything being okay. In some cases increasing the exchange rate can have a reverse effect/negative effect on Iraq. That’s not what we want to happen.I’d rather Iraq take its time, move slowly and increase the Iraqi dinar exchange rate in increments.Right now until they can somehow stop the bleeding that’s happening with the price of oil going down, this is not a good situation for Iraq.
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Deepwoodz (KTFA)
They aren’t kicking the can. No one wants to approve the budget at 1300. That’s already been done. This vote has more than just some additions to it. It’s an opportunity for everyone to be on the same page. The PM, the COM, the Parliament, and the CBI. The status quo is no longer an option. It’s almost time for the big reveal. Can’t you feel it?
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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