Dinarland Highlights – 8.10.22
Issuing the lower denoms has, in part, already been done (250 and 500). The rest is yet to come and will be issued as they increase the exchange rate. I am told this increase will not happen gradually but all at once. The next step is to monitor for inflation for a week or two and then to reinstate on FOREX. We will not get to the rates we want until on FOREX. Currencies are traded on FOREX and other global currency exchanges NOT on NASDAQ, NYSE or in any other of the stock markets, even ISX (the Iraqi stock exchange).
IMO the auction page has changed… there seems to be a change in the way the auction data is being shown. It feels like a slight of hands…we see numbers but they are not being defined. Something is missing from the norm. The data at the bottom to our eyes looks different. Whenever we see a pattern that has changed we pay attention… 199 billion dinars? And it was not defined? It looks different. It feels different…
“Al-Kazemi’s advisor: The situation in Iraq will not affect the economy“
That’s not true. That’s not true at all. The way their laws are set if there’s not a new budget for a year you continue down the path that you did for the previous year but it’s on a month by month basis. When it comes to…building alternative revenue so you’re not so reliant on oil, how can you do that when you cannot fund these projects? They’re stuck…having a ton of money doesn’t mean your economy is fine…
All these things about redemption centers and 800 numbers and back screens and people on standby, tier 1 and tier 2 – all of that is bull crap…there’s no redemption centers, there’s no 800 numbers, there’s no military intel…
You all will have to be mindful of the fact that you hold currency that some bank tellers will be tempted to confiscate by telling you your money is inauthentic and keep it for themselves and exchange it later…you have to guard your currency and do not allow them to keep it without validating the reason with undeniable evidence that what you hold is invalid…If they take it out of your view and not shredding it you may have some “Theft by Counterfeit” perpetrators on your hand.
…This type of money is too large for your average bank teller…there really is no reason to deal with them. Once in the bank ask for the manager. Inform him you have IQD and would like to discretely exchange and deposit a small amount until you figure out what your next move is. If they want to authenticate your IQD give them the smallest bill you have and you want to see them destroyed in plain view if they are found to be fake. There should only be two people in the room. You and the person in question. Imo
“Erbil Municipality announces the paving of streets in the capital with a billion dinars“
…most of my contacts believe we are in the last five days of this. I really hope they are correct. We don’t know the timing…but based on everything coming out we are clearly sitting right on top of it…the chatter is great from Iraq. They are expecting to have a new rate in the next week or two…it may take awhile to show up on forex…heck, it took 10 days for Kuwaits new rate to show up on forex. But they are blatantly telling us in the Iraqi press, papers, politicians that the rate is “inbound” We’re going to get it…buckle up.
Nobody knows any procedures until such time the dinar appreciates. And if the dinar does gradually appreciate based on the economic growth it’s going to take time. [a recent] article mentions 1-4 years therefore it is unlikely that anybody would ever go to a bank. Tends to lean towards ECMs or brokers.
Ignore their politics, focus on the RV. We were told that, at the end, Iraq would be blowing smoke. It looks to me like we are converging on the RV. Lots of bullshoot out there trying to convince us otherwise. You know the actual release date will remain totally hidden until this is all over.
Nader From The Mid East
…We all agree to disagree correct? …if you hear something, if you see something negative just keep it for yourself…Some people have to let them hear what they want to hear for them to be happy in life. So let them hear what they want to hear. That’s it. It has nothing to do with me…we all living a period of life and then we’re gonna disappear from this life. Let’s make it nice.
Let’s make it beautiful. Let’s be kind to each other...[gurus] try to help you. They just try to give you some news to know some stuff. You should be grateful for that. Not a lot of people can get some news…without them you know nothing. So be kind to people. Just say thank you to people. I’m not saying don’t watch this guy, watch this guy. I have no preference. I have nothing to do with anybody. If somebody said something don’t throw oil on the fire and say look this is the smoke is coming out…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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