Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
[considering they are transforming to a new market, what is the suspected time line for a reality rate adjustment to meet the transition...?]
WHEN THEY MOVE TO A GLOBAL MARKET ECONOMY THEY WILL HAVE TO HAVE A PRICE FOR THE DINAR THAT IS A REALITY AND CALCULATED VALUE FOR THE PRICING INDEX IN THE COUNTRY AND ALSO THE ISX AND ESX AND ALSO THE GLOBAL MARKET FOR EXPORTS AND IMPORTS AS WELL.
[Its very little doubt we’ll see a rv in July?]
I DONT KNOW THE DATE BUT SEE THAT IT CAN HAPPEN AT ANYTIME – NOTHING IS KEEPING IT FROM MOVING FORWARD WITH THE INDEPENDENCE THAT CBI HOLDS – AT THE SPEED THEY ARE GOING IT HAS TO BE PUT IN PLACE TO MOVE TO THE MARKET ECONOMY THEY ARE TALKING ABOUT AND ANNOUNCING TO THE CITIZENS.
[Is it not correct nothing will happen with the rate until maliki is totally gone?]
I HAVE NOT SEEN THAT IN INK FROM CBI – THEY HAVE THE ABILITY TO CHANGE THE VALUE AND SET THE EXCHANGE RATES WHEN THEY WANT TO NOW THAT THEY HAVE APPROVAL OF THE MONETARY POLICY THEY HAVE IN PLACE...
[Is it your opinion this will be a float or a fixed rate?]
I BELIEVE THAT THE BEST FOR IRAQ WOULD BE A MANAGED FLOAT FOR AT LEAST SIX MONTHS BUT...THEY HAVE NOT RELEASED THAT INFO YET.
[where do u think a managed float would start at monetary wise, IYO?]
I DONT KNOW THE RATE BUT WOULD THINK THAT A 2% FLOAT ONE WAY OR THE OTHER WOULD BE THE MANAGED AMOUNT IF IT GOES HOW IT LOOKS TO ME TO BE THE BEST RESOLVE BUT DONT HAVE THIS IN INK...
they are stating that the budget will be addressed wed [Wednesday] along with the presidency...they have said that the two readings are done and they were considering with some very important laws just to vote them through and listed the budget as being one of them -- so if they dont change their mind they may just vote it through -- the constitution gave them 30 days from parliament seated to have PM in place and 15 days from elected in officers of parliament which is the 23rd if i remember right.
RAMADON ENDS ON THE 28TH AND THEN THEIR BIGGEST HOLIDAY, WHICH IS GIVING DAY, IS THE 29TH AND NO ONE WORKS ON THAT DAY.
IT'S LIKE THEIR CHRISTMAS AND THEY GIVE GIFTS ALL THAT DAY TO ONE ANOTHER. PERHAPS THAT GIVING WILL INCLUDE YOU AND I THIS YEAR.
"the Liberal bloc MP revealed Friday the Diwan, on Monday, that his vote on the Kurdish nominee for President of the Republic, with the nomination of Chen represents the State of the law and does not represent the national coalition."
AGAIN THE SOL ATTEMPT TO CREATE A SITUATION THAT THEY CAN DELAY THE ELECTION OF THE PRESIDENT BY ADDING A CANDIDATE AND PULLING VOTES SO NO CANDIDATE HAS A MAJORITY TO BE ELECTED.
OK....HERE'S MY ONE "GO TO" PIECE CONCERNING THE INEVITABILITY OF A REVALUE. IT SHOWS IN NO UNCERTAIN TERMS THAT THE DINAR HAD A RECOGNIZABLE INTERNATIONAL VALUE (STATED IN SDR'S ABOUT 70 CENTS LESS THAN US RATE) THROUGHOUT TRACKABLE HISTORY CONSISTENTLY UNTIL THE COALITION OF NATIONS BEGAN THE LIBERATION OF IRAQ. AT THAT TIME "THEY" DEVALUED THE CURRENCY AS PART OF THAT EFFORT...THEY TURNED THE MONEY OFF. WHEN ALL THE DUCKS ARE IN A ROW, THEY WILL SIMPLY TURN THE MONEY BACK ON AT A RATE ADJUSTED FOR TEN YEARS OF INFLATION. THE EVIDENCE AT THIS LINK IS SELF AFFIRMING.