Dinarland Highlights for February 9, 2022

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Dinarland Highlights – 2.9.22

Samson (KTFA)

Article:
The growth of hard currency reserves in Iraq to more than 64 billion dollars

Quote:
Iraq’s reserves of hard currency, which includes the cash currency of the dollar, the euro, sterling and other other foreign currencies, in addition to the gold reserves amounted to more than 64 billion dollars,” noting that “there is a continuous growth in these reserves are hard currency.

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Mountain Goat

…In the summer of 2019 the Al-Kazemi government formed the “White Paper” which was published in the fall of 2019 in the midst of serious protests against the corruption…Then citizens presented a list of demands and so far they are following these demands and reforms. One of these demands is the project to delete the zeros and then to reinstate the currency. This is directly stated in the White Paper…It is just a matter of time and I believe this is the time

Article:
“AL-ZAYADI: THE FRAMEWORK IS DETERMINED TO REDUCE THE PRICE OF THE DOLLAR”

Quote:
...Muhammad Al-Ziyadi, confirmed…that the coordination framework is determined to reduce the dollar exchange rate in the event that he participates in the political process, pointing out that reducing the price will be one of the conditions for voting on the Prime Minister for the next government.”

So, we can the parties attempting to “politicize” the revaluation once again  but we know that the CBI and Sadr already responded and told us this is under the control of the CBI and is part of the process of the White Paper. These threats will NOT work.

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Pimpy

Article:
The growth of hard currency reserves in Iraq to more than 64 billion dollars

That little booger needs to continue to grow that’s for sure.  The more that grows the stronger the currency because this is part of what gives the dinar its value.

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MarkZ

[via PDK]

All eyes are on Iraq as we are watching this. I expected more movement from Iraq on the government side. Many were expecting to see a new rate today…So far they do not have one. What I have gotten out of a couple of Iraqi contacts is they expect the decision on president in the next couple days by Friday. The CBI has made a number of press releases in the past few weeks that they do not need the government sat to change the rate, and the power lies solely within the CBI itself.

…There is a lot of news from Iraq…articles from Iraq…Tomorrow is a highly possible scenario

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Sandy Ingram

Article:
Central bank of Egypt governor confirms his desire to visit Iraq and open bank branches

Here is another indication that the Middle East is clearly making efforts to create a financial alliance among the Middle Eastern countries and in doing so investors may be able to exchange Iraqi dinars in safe neighboring countries like Turkey and/or Egypt

Quote:
Egypt governor has confirmed his desire to…open branches of Egyptian Banks in Iraq as well as approve the opening of branches of Iraqi banks in Egypt

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Fleming

Iraq is pushing through the necessary steps to have a fully functioning government on February 9th, as required by their Constitution. This will happen without fail. Also without fail, the UNITED NATIONS will welcome Iraq onto the World Stage, open and ready for investment with global corporations...The world is watching and aware of Iraq’s solid footing and the support the global reckoning provides…

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Frank26 (KTFA)

[Iraq boots-on-the-ground TV report]

FIREFLY: This morning TV News Channel One says soon as government names president, which will name the prime minister then the budget will be voted and open and it’s likely it’s they say that the exchange rate will be changed at that time.

FRANK: This is Kazemi and Mustafa talking to the citizens of Iraq .  Sit the dog-gone government down…

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RayRen98 (TNT)

[QUESTION -DINAR RATE ON CARDS OUTSIDE IRAQ ?]

4.81

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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