Dinarland Highlights – 11.3.21
“When considering bank fees for exchange if you’re going to be depositing millions in their bank should a fee be charged for the exchange?“
As most of us know the exchange rates are not available at the moment. Each exchange location whether a bank or third party will have their own way of determining these rates. It would pay to ask around but realize nobody right now is going to offer you an answer period.
“I am new…confused about the rates…what is a street rate ect…?”
The street rate in Vietnam, for example is expected to be .47 cents…only in Vietnam. We always expect a lower rate in the country. We are expecting to get a contract rate…or what the rate will eventually settle at, Which I still hear will be somewhere in the low $2 range. Maybe $2.25 or $2.30…We of course will not know the exact rate until we get there. Iraq at one point…the rate was close to $3.22 to $5 US per dinar…. The latest rate we have heard could be around $4.70 or so…Just do the math…If you have a million dinar it could be worth about 4 million 700 thousand post rv…pretty simple. When Kuwait revalued they let it float. It floated up to 9.88 at one point before settling down… It runs about $3 something right now.
What little news I have is positive… Things are happening….picking up steam and rolling downhill…The silence has been deafening…Especially in key folks…many are now under an NDA which tells me there is a lot of movement…They are very up front saying “I have an NDA and I’m not going to talk about it”…so things are happening…
“IRAQ PAYS KUWAIT $490 MILLION AND IS CLOSE TO CLOSING THE COMPENSATION FILE“
“…will work to pay the remaining amount of compensation, estimated at about (629) million dollars, at the beginning of next year 2022, to close the compensation file permanently.“
Is this what they are waiting for to RV? It may be part of it.
[Boots-on-the-ground Firefly Iraqi TV report]
FIREFLY: They are actually showing us our old currency from the 40s, a 5 from the old days, and then they talk about our current currency and they keep repeating and saying over and over today that the exchange rate needs to be reduced [reduced is the right direction] to help the citizens…
FRANK’S RESPONSE: They have to show you the old notes because the old notes used a different exchange rate back then so they have to educate you on why you’re getting a new exchange rate and new currency with it.
[Boots-on-the-ground Firefly Iraqi TV report continued]
You are being educated about the removal of the 3 zero notes…soon you will be introduced to the new small category notes which the governor of the Central Bank of Iraq is talking about with the new exchange rate…
FIREFLY: We are amazed at all the stuff that we are actually now seeing and at the speed that it’s coming to us…I am excited right now because it is the final countdown…
Something big was announced…
“US Bank expects oil prices to rise to $120 per barrel“
I think it was $45 a barrel projected for the 2020 budget. The 2021 budget either $50 or $55 a barrel…$120 a barrel? This is going to be phenomenal for Iraq. Talk about getting back on your feet in a quick way. This year they were able to get rid of the deficit. Next year if this price stays at where it is or even gets to $120 they will have a surplus. That means more money for the private sector…that’s what we want to see…a strong economy create a strong currency. That’s what we want.
Bruce (The Big Call)
…a lot of things have happened…since last week…we were under the impression that we could look for our toll free numbers and email release here pretty soon… unfortunately things are moving along but not quite that fast for us…the way things are moving – it could be very possible that we get started with notifications either tomorrow [Wednesday] and then maybe get started on Thursday – It’s hard to say – This week is looking good though…I think we are very very close.
I had a call this morning from a very good contact and my smile is a little bigger… Soon – I hope to be excited… momentum is building! If you look at this as many funnels lined up and money flows through those funnels to another level. Then it flows down through those funnels to another level and so on. It will all get to a level like a horse starting gate. All lined up and waiting for the flood gates to open. That’s where we are getting to. Hold the line! Not much longer!
“Are you hearing anything on the RV front?”
it is eerily silent right now from everybody that I normally hear from. The last thing I heard is there is a tremendous amount of stuff happening in the background…everything is moving forward…and it can’t be stopped even though it can be delayed. Something in my gut tells me we are very close based on everything I have been told over the last few weeks…But I am curious why it has gotten so quiet right now. I am hoping it is a positive thing…I think we are closer then we have ever been….
“Do you think we have a window…to mid-November?”
Yes, absolutely. This is exactly what these guys are talking about. The only thing we can do is sit back and watch and see what happens. But if it doesn’t happen don’t let it disrupt your life. Don’t get emotional about it…just maintain. Be a professional investor...
…It appears the average amount of Iraqi dinars held by individuals is between 1 million to 5 million…the Iraqi dinar rate is holding steady at 1458 IQD to 1 US dollar. We realize there may not be a revalue as much as there may be an increase in value of the Iraqi dinar against the US dollar over a short period or even a longer period of time...
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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