Dinarland Highlights – 10.2.21
[Iraq Boots-on-the-ground Firefly TV update]
FIREFLY: TV…saying…the capital one Islamic banks are now merged with the international Islamic capital one banks. saying this is part of process to produce maximum efficiency for Iraqi banking…TV showing placement of the new ATMs in Mosul and surrounding provinces. saying banking sector will have all new ATMs in place in near future and this a process of the reforms to enhance banking sector…
I find it interesting that Sunday is Iraq’s Independence Day very interesting… And I have always found a Saturday into a Sunday very interesting because on Sunday Iraqi banks are open and most of the rest of the banks around the world are closed…
Significant news for those invested in Iraq. Standard & Poor’s came out reviewing Iraq’s credit rating. They made a statement that Iraq can improve to A or -A by activating the private sector. This is the encouragement we’ve been waiting for.
I know the chatter in Iraq is obscene!! They are being pressured by the IMF and the UN…everyone buckle up!! No new rate yet…but, Iraq is being pressured by the IMF to get it done and adjust that rate immediately…. I hear they are pushing to get it done before the next banking day starts over there. Tomorrow is still a bank holiday in Iraq…the Iraq and IMF chatter is fantastic.
I am still hearing fantastic stuff as they position for it. Keep in mind that there are additional days off in Iraq. They have Sat and Sunday off as they celebrate their “Independence Day” So it’s a long weekend for them and would be an ideal time.
Iraq has successfully met the foreign reserve requirement and they have sufficient capability to protect them!!…
We don’t do dates and rates and I don’t mislead people. I give you the news – the good, bad and ugly. And I also tell you guys there are other factors that we can watch that affect the Iraqi dinar. I know everybody’s waiting for an RI or an RV to be announced. I get that and I’m not saying it won’t be done but what I’m saying is there are other factors to consider…no body knows the date. Nobody knows the rate. You can take a lot of information and take a pretty good educated guess at it but anybody telling you that they know for sure the date, they know for sure the rate or that the rate has changed or they have special connections, 800#s, back screens, military intelligence, special codes is all full of [You know what]. There’s not redemption centers. There’s no 800 numbers. It’s a currency…
…I would like to say our October 1st fiscal year has started. I have heard nothing but good news yesterday…it looks like this week we should see things at our level!!
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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