Dinarland Highlights – 9.20.22
The CBI monetary and gold reserves continue to rise as the months roll on and oil continues to stay high. There is talk from my CBI contacts that the CBI is going to back the dinar totally with gold. This does not mean they won’t also have US dollars stashed in their foreign reserves and natural resources as well as the revenues from other sources such as customs and tariffs and tourism to back it up.
I think the reality is Iraq must fix their problem, or the UN will do it for them. And the international community is in no mood to wait.
The Prime Minister of Iraq is traveling to the United States to participate in the work of the United Nations General Assembly at its 77th session…we can only hope as investors that these meetings with International figures will result in a higher exchange rate in the future…
[is this “Boom” week or are they still kicking the can?]
I do not think they are kicking the can. I believe this is event driven now and things are moving quickly…it’s getting to be “crunch time” on the RV front. Out of Iraq there was a number of articles that came out from 3 different groups saying there is a need to get the government sat.
Al Kazemi has been in many closed door meetings today. And he is to speak to the UN on Friday. Today he met with other Arab countries leaders. They discussed banking and trade and values…and we are expecting that to continue throughout the week. We do not know whether or not when he addresses the UN on Friday, he address the new rate. But that is what a few of my contacts believe will happen…. We pray that is what happens.
“Al-Kazemi arrives in New York”
“Al-Kazemi arrives in New York: He will meet kings and heads of state and give a speech on Iraq“
“The German ambassador details the areas of partnership between Baghdad and Berlin and announces the extent of his country’s support for Iraq“
“Iraq has a large financial base and is different from the countries close to it and has special and interesting resources,” noting that “Iraq has 85 million euros, and this compares to a full treasury for any future government.”
Kazemi is having many secret meetings. These meeting are for the monetary reform. It’s for the floating of the Iraqi dinar. It’s for the opening of new banks. It’s for the new currency to leave its country.
Iran and the European Union and many others…are using the dinar in their banking structure. It’s still at a program rate. But they’re using it in their banks. That’s a first. That’s historical.
“Iraq ranks 47th among the largest economies in the world“
…Congrats to Iraq for having a pretty strong economy despite all the crap that’s going on. But…how much stronger it could have been had they been able to form a government, passed a budget and got a lot more accomplished without the stalemate. They would definitely be higher than 47th place that’s for sure. But a good economy in a stable government, stable country, strong gold reserves, strong foreign currency reserves all these things help strengthen the Iraqi dinar. Those are the things that would help push the Iraq dinar forward as far as revaluing the Iraqi dinar.
[Iraq boots-on-the-ground report]
FIREFLY: My bank guy said to me today that the deal with the European Union accepting dinars in their countries it’s a super positive sign and only means they know this is a currency that will eventually become International it could be in 2023 or it could be the next quarter or it could be within weeks. We don’t know. But they have calculated this and this is the only reason to go out and start accepting this dinar. It makes no sense otherwise.
FRANK: …I believe this month will be magical…if the satellite banks open by the end of the month into the first week of next month then the magic will be real.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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