Dinarland Highlights – 8.28.21
Article Forex Trading in Iraq – pretty much it allows Forex trading in Iraq. It does not say that Iraq dinar is on the forex trading. So you’re not allowed to trade the dinar…but it allows if you’re an Iraqi citizen to use Forex trading which is good. That’s a step in the right direction…
“I understand Iraq will join the WTO by the end of the year, apparently they have to add value to the dinar before they can join. How true is this?“
It’s not true at all. They probably will be in the WTO by the end of the year but look at China. They’re in the WTO. They’re the biggest currency manipulators on the planet…
Friday Night Fleming RV Report: Our military intel contact said that he is confirming Mr. Fleming’s and other sources reporting that we have reached the seemingly insurmountable summit and our wait is OVER…the news is very positive that we in T4B will finally see this release of exchanges between now and the end of the month next Tue 31 Aug…Everything is ready to start and we are just waiting for the green light for the shotgun start…He said keep in mind that the timing of the RV release has been a MOVING TARGET…He said enjoy your weekend as we are AT THE END!!
Bruce (The Big Call)
…there was a call between the CBI and Chase bank…Chase is directly affiliated with Rafidian Bank in Iraq (…the largest bank in Iraq)…they are working very close with not only the CBI but the banks where the ATM machines will be…The other person on the call was the US Treasury…the Dinar in country rate…has been traded up and in a very respectful place right now in Iraq and what CBI did was assure…the Treasury and Chase Bank…that the rate would be at such and such a level…in “the coming days”…I believe was scheduled for…THIS Saturday – so we should have that new rate – they should have a true international Dinar that is known and tradeable… there may be reason to think we won’t get started until the first part or the middle of next week…It is very possible…
“The Iraqi Finance Minister supports the floating of the currency.”
A float internationally automatically raises a currency’s value. Congratulations Iraq.
“Finance Minister…Allawi confirmed on Thursday that he supports floating the currency in a flexible manner.“
That is a controlled float…When the value goes up please don’t go run to the banks…
“floating the currency is fully or partially liberalizing the exchange rate so that the government or the central bank does not interfere in determining it directly, but rather it is automatically released in the currency market through the supply and demand mechanism…”
Walkingstick & Frank26 (KTFA)
They [the new small category notes] will be released to the citizens once the education is more advanced. This education is being done before there is a value, during (when they raise the value) and long after they raise the value/the reinstatement is launched.
When we talk about reconciliation [Today’s Middle East Summit in Iraq] nothing drives people more together than money. The fact that all these countries are coming together there’s definitely a financial component to this meeting. IMO the majority of the meeting is how they all can benefit. All boats rise with the tide. I think the tide is rolling in…the timing of this has been sequential. It’s been strategic. Kazemi doesn’t do anything until he’s basically done it and then he reports on it…all the tools are ready to begin the ‘new mechanism’ to start and launch the new Iraq.
I think that’s what they’re doing tomorrow [Saturday] is opening Iraq to the world IMO. Otherwise why would everybody be showing up? Over the years Iraq has always claimed ‘We’re going to do something.’ Everybody shows up and nothing. It reflects in the 2018 Kuwaiti conference. Billions of dollars on the sidelines and yet Iraq didn’t do what they said they were going to do. So everybody backed off. Clearly everybody is showing up because they were told they were going to do something. We are definitely in the nexus. It’s an exciting time. I’m more than encouraged…
It’s exciting times…for this to go down you’re going to have to have reconciliation. It looks like they’re having reconciliation right before our eyes. That’s coming tomorrow [Saturday’s Regional Summit]…
They’re not going to be able to do a whole lot of reconstruction if they can’t get more purchasing power. Now I’m not promising anything. I have no idea what’s in the 2022 budget. People say, ‘Do you think the rate change could be in there?’ Well yeah I do but that doesn’t mean it’s gonna be. Stay grounded.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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