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Dinarland Highlights for September 30, 2022

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Dinarland Highlights – 9.30.22

Mountain Goat

Article:
IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS

Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of the year and will probably reach over 100 billion even. Yet the CBI says they have no intention of completing the project to delete the zeros  or raise the rate of the dinar against the dollar. Why? If this is not corruption I don’t know what is. We know for a FACT the economy of Iraq supported way over $3 dinar back in 1990. The situation of Iraq now is way much better with higher reserves and much more gold reserves. In fact they can almost back their currency totally with gold now.

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NORV

[aka Guru Kaperoni]

The good news is they are not going to implement delete zeros…”there was a proposal to delete the zeros from the dinar, but it was not implemented.”  The dinar is getting stronger and the very reason they will NOT delete zeros. The dinar value will naturally rise as the economy grows.

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Kaperoni

There are several news articles regarding the central bank reserves reaching 87 billion, and discussion on the new 20,000 dinar note.

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MilitiaMan (KTFA)

Article:
Economist: Going to print a currency of 20 thousand dinars will cost Iraq a lot of money

There has already been allocations of large sums of money to print new currency issuance and it has been recorded and expensed by the CBI in 2018 era. At this juncture in time, there is no reason to print something that has no real effective utility, imo… They already have 100k and 50k notes for internal use for large transactions.

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MarkZ

[via PDK]

[We are in much better shape than we know.]

I agree with you…we are just waiting for that shoe to drop.

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Samson (KTFA)

Article:
The Central Bank announces the achievement of the largest cash reserve in its history

Quote:
The Central Bank’s reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq’s reserves reach…the Iraqi currency is very strong because the reserves constitute 130 percent of the source of circulation from the funds in banks and others.”

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Michael Cottrell

I think right now it could happen at any time for any reason…we are at the right stage…the right time…and the right players are stepping up to the plate.

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Frank26 (KTFA)

Why are they printing another 3-zero note?  When you look at it from the outside in, yeah it is rather confusing...the 20K’s #1 priority is to suck in as many 3-zero notes as possible…a 20K note makes more sense than a 25K note especially when deleting the zeros …IMO the CBI is prepared to educate the citizens on monetary reform.  IMO these 20Ks were printed long time ago…

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Bruce (The Big Call)

[via WiserNow]

We’ve got 2 major sources, one was military and one was treasury. Today, they were telling us almost the same thing…to look for our notations and start our exchanges in the next three days. Meaning Friday, Saturday or Sunday. Was it supposed to happen by the end of the month? ...yes. Are we supposed to start by tomorrow or the first of October which is Saturday?   Yes.

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Pimpy

Until this issue with the political parties is resolved…The president and the prime minister are selected and the government is formed you’re not going to see any changes to the Iraqi dinar.  And no this isn’t fake news.   This is news coming out of Iraq.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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