Dinarland Highlights for September 17, 2022

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Dinarland Highlights – 9.17.22

Samson (KTFA)

Article:
The World Council: Iraq is among the Arab countries with the most gold reserves

Quote:
Iraq still maintains its 30th position globally with the largest gold reserves out of the 100 countries included in the international financial statistics for global gold reserves and for the second month in a row after purchasing 34 tons in the month of June, when these reserves amounted to 130.4 tons, which represents 9.5% of the remaining his other currencies…”

Article:
“Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country”

Quote:
“Saleh said, “All indicators confirm today that the country’s foreign exchange reserves, which amounted to about $85 billion, including gold, are at a high level of efficiency and represent real monetary stability for the country.”

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Frank26 (KTFA)

Article:
High foreign reserves of the Central Bank of Iraq

yeah!  Very high! …because the gov of the CBI controls the auctions, increasing foreign reserves instead of decreasing them by having Iran steal them.  I love it.

The generation that’s there for the last 20 years they’ve never seen a currency of their own.   The generation before them 30-40 years old don’t even live in Iraq .  They ran away and that’s why there’s so many banks that are being established around the world to take care of all these Iraqis.  The Iraqi dinar is going to become a pivotal currency.  It’ll be a currency hub Iraq – Baghdad .  Everybody knows.  The Middle East knows it…

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Pimpy

We’re closer now than ever before to a civil war over there in Iraq… Article:  “Iraq is Nearing the Brink of a Shiite Civil War”  ...until all this crap is settled you’re not going to see any changes whatsoever in the Iraqi dinar.  We see they’ve done a lot of great things for the Iraqi dinar – more gold.  More foreign currency asset buildup but if they’re going to have a civil war, the country is going to be unstable.  This is not good. 

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Kaperoni

If the dinar is ever going to go up in value it will be the result of Iraq building a private sector diversity economy. But only if they pass laws, encourage investment, and diversify away from oil.  A country’s currency exchange rate is never a random act.   It’s based on economic growth, GDP, etc. Only with the success and growth of Iraq’s economy can the dinar go up in value.

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MarkZ

[via PDK]

[Guru Mnt Goat: “The new lower denominations that we are looking for are not yet in circulation.“]

[reference Mnt Goat post 9-16-2022]

…I am told they exist by a number of folks that work in the finance ministry..

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Nader From The Mid East

I think the first week of January they gonna launch the 2023 budget and the good news the rate it’s in it.  But I don’t know what’s the rate. The rate is in it…

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Mountain Goat

I know for many of you things seems hopeless for your investment. But I can assure you they are not hopeless. We will see a major shift soon in the USA and this will impact the foreign policy of the USA towards Iraq . It may take until the end of the year to catch up so don’t expect anything until at least January 2023…Things are going to change and the future is very bright for Iraq.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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