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We're Going To Value Our Oil In Dinar At 45 Dinar To A Barrel. 


Luigi1
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Luigi found these articles of Dinarian interests...

The RV will be at or near 1 to 1. 

The new costs per barrel of oil confirms the rate.

Treat as rumors.  Not Verified.  Your opine.

 

 

9-14-2021   Newshound Guru MilitiaMan:   

[Kazemi]...what did he do?  He showed them the money.  How did he show the money?  He told you... we're going to value our oil in dinar at 45 dinar to a barrel.  It's basic.  It's that simple.  He did it...Who did he do it with?  He did it with the King [of Saudi Arabia], who is the head of what?  One of the head honchos of OPEC...this is really powerful stuff.  It's effectively going to be a global situation.  It's not going to be just about Iraq anymore...all boats rise with the tide and here we are...

9-14-2021   Newshound/Intel Guru Petra: 

 What happened last week with the oil money. Everybody know about the Petrodollar [Oil based on the US dollar]...they announced they had calculated the oil revenue in dinars.  That was huge.  That is an indication that they had de-pegged from the U.S. dollar.  The fact that they calculated the rate...is very very exciting.  I think that's a major major move last week.

 

 

 

 

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Parliament based the 2020 &2021 budget at $45 per barrel.  They will maintain 45 Dinars per barrel of oil based on future economic growth & projections.  Anything over 45 will be counted as windfall profit.  Anything less will mean belt tightening measures.  $% is just a unofficial general guideline they are going by.  IMO.

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41 minutes ago, Laid Back said:

Just for fun 🤩 

Oil prices are about $70 per barrel 

If they are planning to Value the barrel of oil at 45 dinars. That means 1 dinar will be equal to $1.55

 

I will be happy with $1.55 per dinar 

 

Go dinar

Go purchasing power 

Does anyone have the article where Kazemi actually says they will maintain a barrel of oil at 45 dinars??? If true that is huge!!

 

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11 hours ago, Luigi1 said:

Parliament based the 2020 &2021 budget at $45 per barrel.  They will maintain 45 Dinars per barrel of oil based on future economic growth & projections.  Anything over 45 will be counted as windfall profit.  Anything less will mean belt tightening measures.  $% is just a unofficial general guideline they are going by.  IMO.

This is kind of like setting your watch 15 minutes ahead so you won't ever be late.  It's a trick they do in their accounting.  And what I have noticed is that people who set their watches 15 minutes ahead are still always late!

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1 hour ago, shixjr said:

This is kind of like setting your watch 15 minutes ahead so you won't ever be late.  It's a trick they do in their accounting.  And what I have noticed is that people who set their watches 15 minutes ahead are still always late!

 

If the RV does come out 1 to 1, the value will still be fixed or set at or near 1 to 1.  The IQD strength may go up or down depending on the price of oil but it will be a controlled revaluation or within the margin.   More than likely within the 2.5 margin set by the IMF, every quarter.  The price of oil will not have that much effect on the rate over the long haul.  IMO.

 

Other world currencies goes through much the very same process as the value is based on current or changing economic & political situations.  That's why there's always buying & selling of other currencies & always will be.  IMO.

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