Dinarland Highlights – 10.4.21
Pimpy
Question:
“If the dinar rate is a false program rate why are they devaluing it at all? If the true value is $3+ why would a small devaluation matter?“
I’m not sure where the story of this being a false rate came from…My guess is it stems from the currency being devalued once the U.S. attacked Iraq. It was greatly devalued from one of the richest countries in the world and so it makes sense that the IQD will increase in value. This is my opinion and my opinion only. Now whether all that is done at one time through an RI or an RV or done in increments is another story…
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Petra (KTFA)
No proof of next year at all. K [PM Kazemi] has invested too much and CBI has the landing s---p paved. Lol…
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Frank26 (KTFA)
Article:
“New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate“
Possibly new instructions for a new currency and new exchange rate!!!
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MarkZ
[via PDK]
I have been unable to get any news out of Iraq for the last couple of days. I’m hoping this is a good sign…i have not been able to get any messages from contacts there in about 3 days. They may have changed [rates] and we just not know it yet… They did it that way in Kuwait…they blacked out the information for about 10 days…
[Will the dong revalue when the dinar revalues?]
yes…we expect them to go at the same time.
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MilitiaMan (KTFA)
Article:
“Adviser to the Prime Minister clarifies the bonds of {construction} and their objectives”
There is loads of talk about monetary policy lately. There is a focus on Bonds to jump start the private sector. The theme is to create opportunity to reduce the money supply on the street by using bonds…as an instrument or incentive to entice citizens and investor money into the bonds which reduce the money supply. Reducing the money supply creates value by a supply and demand basis. The opposite is true too, when increasing the money supply reduces value, as noted in the last devaluation.
Article:
“Iraqi banks acquire 99% of government bonds“
From the looks of these Bonds at 250 billion dinars has a striking similarity to the UST requirement for banks to have quality assets. Imagine if this is similar and timed accordingly. If an international calculation is applied to a new exchange rate like that of the AMFs recent valuations of approximately 3xSDR… One would see just how striking that maybe…IMO. There are no coincidences imo.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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