DINARLAND UPDATE, 29 JULY

 MarkZ

[via PDK]

“The Text of the Baghdad-Kurdistan agreement on the implementation of the budget.”

This is a massive move forward and it looks like they have worked through the last of the HCL hold up stuff.  Money and agreements- looks like things are moving.

They told us they are at least going 1 to 1 as a bare minimum. I still expect considerably higher.

Frank26 (KTFA)

The CBI is talking about the American dollar… Look, stop using it.  If you stop using it you don’t have to worry about the exchange rate of the American dollar verse the Iraqi dinar...The value of the American dollar will drop like a meteor in the ocean.  If you stop using the American dollars…the value of the dollar will go down and the value of the Iraqi dinar will go up.  

Question:
“Are they going to take the three zeros off of the 25k note?  Are they going to take the three zeros off the exchange rate ?“

When you delete the three zeros from the official exchange rate of the Iraqi dinar with the CBI you automatically remove 3 zero currency notes from the street… .00085791 something like that this morning, if you take that decimal point and move it to the right three time you remove the three zeros.  You’ve got about $0.86 cents, round off to a dollar…

That’s the whole project…They don’t take a pair of scissors and cut the three zeros from the 25k note...Electronically they remove the three zeros from the exchange rate which in turn stops the citizens from using the three zeros notes because the exchange rate does not work with 3 zero notes.   What does this new exchange rate work with?  The new lower denoms.  The 1, 5, 10, 20…100… 

Mountain Goat

The Governor of the Central Bank, Ali Al-Alaq, revealed on Wednesday, measures that will contribute to the stability of the exchange rate, and…he also pointed out that the new proposed 20k note has been dismissed from printing …we do not wish to expand the current categories, because the project to delete zeros still exists…  All we can do is sit tight and wait.  It is coming soon and this is yet another good sign that the new governor Ali Alaq is on the reform side and wants what we want.  

MilitiaMan (KTFA)

…There’s a rate that’s being involved…to all these allocations that they’ll need for this ’23, ’24, ’25 budget, that hasn’t been exposed yet…We believe they are not going to go into an international market at 1310.  If they could have done it already they would have done so…

Samson (KTFA)

Article:
“The Central Bank of: Issuing a new denomination for the national currency is not on our agenda at the moment”

…The Deletion of the zeros project still exists…