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Guest Posting & Responding Now Available

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Website Update - Important: New Blog Test Run

Dear Readers, The original website ( https://dinarchronicles.com/intel/ ) has been updated. All posts will be published on the "Intel&q...

Friday, April 2, 2021

Dinarland Highlights for April 1, 2021

Dinarland Highlights - 4.1.21

Kaperoni


The 2021 Iraqi budget was voted on and approved today. They have recessed to April 10th. The minister of finance stated today that the exchange rate of the Iraqi dinar will stay at 1460. And in the future, a full float is possible. Of course a float will eventually occur. That is how monetary policy really works. There is no random acts. As Iraq's economy grows and more and more investment comes into the country it'll create inflationary pressure. Flotation is the answer to counter that pressure.
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MarkZ

[via PDK]

[anything new on the rate we will get for the dong?]


I have been told that the street rate will be about .47 cents and be allowed to float up…while the contract rate we should get will be in the low $2.25 range or so.

The budget did pass….it was not a cruel joke…what does that mean though? What I am hearing from Iraq is YES they are changing values in country…they will float….I am hearing it will be similar to Kuwait. I hear it will be somewhere in the next 2 - 10 days or so before we see the manifestation of it...This is not unusual. In Kuwait it took 10 days from this point for it to reach the people on the outside of the country…we need to stay calm as we get through this final short bit. Again once the process started in Kuwait it took them 10 days to release it to the world…I believe the process has started in Iraq. This is big news. There is nothing to worry about. Things are moving forward quickly. I believe the lynchpin has been pulled at this point. I am expecting a huge weekend right now.

The budget was passed …a specific new rate was not given but there are a lot of key contracts that require larger rates and they did peg their oil in the budget at $44. This appears to have been the final hurdle as we move forward to allow Iraq currency to float and change.
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Pimpy

We know that some countries are holding on to large amounts of IQD - That I can validate. I can tell you that's for reals...70%-72% of the money is accounted for and not sitting in the hands of speculators and not sitting in the hand of the corrupt people...people were like, 'if you go to reinstate they've printed way too much money. There's no way they can afford that.' Well you're assuming that all the money is in the hands of speculators out in public. I'm saying it's not. It's in the hands most of the banks...

As they start accounting for where the dinars are and they're doing that right now, you can understand the difference between trying to reinstate a rate where 85% of your currency might come back at you all at one time at a rate of $3 per dinar. That would kill an entire economy...If you remember the articles when Al-Kazemi was like 'where the hell is our dinar?' There was very little there in country...They started investigating further and they started taking this money back...I can tell you that a good portion of this money is being recovered but there's still a little too much out there for them to reinstate a rate...this is just speculation on my part based on the tidbits of information that we get when we speak to people who are currency movers...
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Frank26 (KTFA)

All I know is this blessing is coming. I have no doubt...none whatsoever...I fear when it becomes 1 to 1...when they reach that date...that I believe is solid. I don't know the date but when they reach that point of 1 to 1 in county and out of country I think that there'll still be people complaining (it's called less than 1%). They'll still be complaining. Not that they have 1 to 1 rate with the currency they invested in but they're now saying well how long is it going to take for the rate to grow internationally. Are you serious? You already got a 1 to 1 rate. 'Well I'd like a 2-1 a 3-1 a 4-1 rate.' You gluttony. That's not cool...
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Jeff

Anyone who put their primary focus on the budget fell right into their trap and was played for a fool.

Article:
"Parliament votes on the 2021 budget bill in full"

Remember I told you the rate wasn't going to change. It was going to stay exactly where it was at?

Article:
"parliament votes on the first article and fixing the dollar exchange rate"

...they've adopted the exchange rate of 1450 per dollar...

Article:
"The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar"

that's a stability step. That's good...but...they have no intentions of changing the rate anytime soon.
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Breitling

You need to be prepared. Taxes are going to go up. They're about to skyrocket. It's everybody who has made $200,000 on up. Most of you are going to cover that when the dinar revalues.
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MilitiaMan (KTFA)

Article Quotes:
"Iraq is implementing its reform plans towards fiscal and monetary policy.";

"his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund."


Sounds good to me...But, we knew this already...They have been working to complete now for a long time and have finally got where we need to be...or where they are to be...Just like we have been told that they are having meetings and they are on going... Well now it is show time... imo...

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru
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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 intend to and are not providing financial, legal, tax, political or any other advice to any reader of the website. This website is...Read More