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Dinarland Highlights – 1.16.22
MilitiaMan (KTFA)
…we all know that a REER (Real Effective Exchange Rate) is what we are looking for. Anything less will not work…To open a bank branch in the UAE and or even in Saudi Arabia is to be international. That will require the REER…Plain an simple imo…So, the CBI needs to talk and walk all at the same time…imo.. It’s coming…imo..
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Frank26 (KTFA)
Article:
“Economist: The Government has no justification to continue to raising the dollar exchange rate”
Bada-bing-bada-boom
Quote:
“…oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate…Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate especially after the compensation of Kuwait’s completion and the rise in oil prices…”
This is an amazing article…
[Iraq boots-on-the-ground TV update]
FIREFLY: They’re talking on news Channel 1 saying it is time to open and adjust our exchange rate. Then they say when the government is finished sitting itself…we’re going to have purchasing power…they’re saying the official seating of the government will be in March.
FRANK: What they mean is the complete GOI. Right now what’s important is that we get the cabinet which we got in parliament sitting…the GOI by the end of March – this has nothing to do with what we’re looking for.
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Vital Brad
When it comes to rate I’ve heard numbers as high as $30….I’ve heard numbers that are way out there… different ways to get a higher rate than what everyone else gets but you know I like to keep it conservative…if if went 1 to 1 to the US dollar when it first hit the international market that would be amazing.
The deal with the Iraqi dinar is that you hold Iraqi dinar that you got for fractions of a penny right now. As Iraq is rebuilding and as Iraq is finally seating their government and getting all the pieces in place…I really do think that holding Iraqi dinar is gonna pay off…When is the question. If you know when let me know!
…Iraq is moving forward…they’re coming together.
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Walkingstick (KTFA)
[via Guru Frank26]
…It’s in print now…the way that the CBI is printing this education is for the citizens to properly interpret the monetary and economic reform. It’s not for them as investors.
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Sandy Ingram
Article:
“Iraq stock exchange trades 930 billion shares in 2021“
This is up 131% from last year…you should also know…
Article:
“Economic center: 2021 saw a dramatic rise in the prices of the capital Baghdad’s real estate.“
…in 2021 there was a significant increases in real estate prices in Baghdad capital area in commercial and residential buildings. It is believed these prices could exceed prices in Dubai and/or London.
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MarkZ
[via PDK]
[I only have 100,000 in dinar. Do I have to go to a redemption center or can I go to a bank?]
it will be worth more if you go to a RC…and I am sure hearing some crazy values on the dinar right now. I always expected rates to be around $4. My banking contacts were saying it now looks like $6…and today they are all confused because bank screens are showing around $11.00. I’m guessing but you may get around $3.71 if you go to a regular bank to exchange…but, at the RC you may get possible between $6 or $11.00 for each dinar. That would be a huge difference on what you make. At banks possible $371,000 and at RC up to $1.1 million…If it were me I would go to an RC. Dr. Shabibi did say at one time Iraq could support a rate of 14.00 to $20.00 in 2012.
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Kaperoni
…There are a lot of Articles…about changing the exchange rate. Yes, they are talking about it. They want to bring it back to what it was just a year ago around 1170. There is no RV.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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