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Dinarland Highlights – 6.28.21
Mountain Goat
Article:
“IS FLOATING THE CURRENCY A VIABLE OPTION? UNDER WHAT CONTEXT?”
The context they are talking about is the FLOATING the dinar exchange rate and I quote- “of the national currency against other foreign currencies”, which means to reinstate the dinar on FOREX and other currency exchanges. Right now it is solely pegged to the US dollar so they are not talking about floating the program rate. They know already they can not FLOAT the currency on a program rate inside Iraq.
The dinar, in a way, is indirectly floating now via the speculators and money exchangers and we see the mess it is creating in Iraq.
…Yes, Iraq it is time you put on your BIG BOY PANTS and finally emerge to the global economy and get out of your closed economy and re-peg the dinar to other currencies in the basket the IMF has stated many times will happen.
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Pimpy
There’s a lot of chatter about the exchange rate. It just keeps going on and on. It’s very interesting. A little nugget to tease you guys – when the Kuwait dinar changed it changed a couple days after they came out saying they had no intention on changing the rate for a long time. Two days later they changed it…
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MarkZ
[via PDK]
Very interesting news this weekend…There is a lot happening today. I have a number of key players in big meetings at 11 AM. We don’t have any idea how long it will take… I am getting tremendous static on the RV side of things…We are hearing the reason it has not gone yet…is Yellen, Powell and company…current administration are fighting it tooth and nail…. I think this is going to be a good week…
…SHORT NEWS UPDATE…On the RV front there are some interesting pieces that have me scratching my head. I am expecting great news at any time this week…expecting big news going into the weekend. Today was kind of a stutter/start. It is definitely not a nothing-burger…I reached out to redemption center folks… they don’t know timing but know they are on call this week.
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Holly
We begin another week and the news over the weekend was the final release is forth coming and they they are highly anticipatory of it this week. That is from the majority of the sources I speak to. There is another one who says sometime in July and another says by August.So I will say this, we are event driven and this is optimally now in the best time for this.Can things change? Absolutely… as this is based on events going on, most of which we will never hear about that goes on behind the scenes.
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BGG
[Reference Guru Pimpy post 6-28-2021]
This representation is mostly inaccurate. We have published the actual news sources, documentation and hard facts surrounding the Kuwaiti event numerous times. While it is true, there were clearly some investors who made some money is this circumstance – it is (was) nowhere near the size and scope as is normally portrayed. I tend to think this commenter is recalling the China incident, event wise… though the China event was not much of an upward value change (+/- 8-9% in one day).
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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