Dinarland Highlights for June 22, 2019

Dinarland Highlights - 6.22.19

MarkZ


[Any news out of Iraq?]


My contacts there are a diplomat with the ministry and a contractor from Australia – they say that they have been sitting waiting for their notification for 3 and a half weeks - they do believe its this week...they tell me to look for Iraq cabinet being fully seated-then the new rate will announce right after that.

Everything looks good this weekend so far...
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MilitiaMan (KTFA)

Article quote:
"The main thing that is achieved is the stability of the exchange rate and the reduction of the gap between the official price of the US dollar and the parallel price, which is a basic objective of the monetary policy and the implementation of the policies of re-confidence in the banking transactions of Iraqi banks with Arab banks"

They are clearly laying out what they are doing in regards to reforms and future actions in regard to the IQD exchange rate. They are going to cease the auctions as we have noted over the last few days. They say...that they are to reduce the gap between the official price of the Dollar and the parallel price...imo.
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G-Lin

No completion of the cabinet...I'm not surprised. The entire area is too unstable.
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David M. Witty

Iraqi MP says plans to discuss completing PM's cabinet in today's meeting of Parliament have been postponed since the government has not sent the list of nominees.
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Eagleone2025

...IT LOOKS LIKES THE RV IS LOOKING VERY GOOD NEXT WEEK
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MilitiaMan (KTFA)

Article:
"The Iraqi Trade Bank signs an agreement with the Indian Information Solutions Company"

So they...tell us the Iraq Trade Bank has cut a deal with an Indian Solutions Compnay to provide financial Technology Services to meet requirements of the Bank and other financial institutions in an out of Iraq. In other words internationally.

...the sectors they mention...Oil, Steel, Iron, petrochemicals, fertilizers and dairy operations. All about supporting the future reconstruction efforts once they lift the value like they told us they would. imo.
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Mountain Goat

Article Quote:
"...ENTER INTO LEGAL PROBLEMS BECAUSE OF THE BUDGET LAW WHICH THE GOVERNMENT COMMITTED TO COMPLETE AT THE END OF THE 30TH OF THIS MONTH..."

More delays have rippling effects downstream. Delays in getting the govt formed out of proxy is now going to delay the budget.

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru
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