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Dinarland Highlights for October 2, 2022

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Dinarland Highlights – 10.2.22

MarkZ

[via PDK]

[I do not understand why Iraq and Vietnam etc…they would pay out so much money to exchange old money? It sounds to good to be true?]

These currencies were artificially decreased in value. So the value was there and then it was decreased. Think of it as “restoring” the value that should be there.

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Clare (KTFA)

Article:
After reaching international forums, the Iraqi company TNFX obtains a global license

Quote:
The license allows it to deal financially in Iraq and abroad, and it is one of the reliable international financial dealing companies

COPIED FROM TNFK WEBSITE: TNFX is an ECN forex broker serving both individual and corporate clients. We offer our clients a comprehensive range of trading tools, technical support, and advisory services with the aim of making the trading process efficient, hassle-free, risk-free, and above all profitable for the client from new account registration to funds withdrawal.

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Frank26 (KTFA)

When the new small category notes come out there’s going to be a 1, 5, 10, and 20 dinar…and a 50 and 100…later the fils will come out.  This [new] 20K is a 3 zero note that is educating the citizens of Iraq of their currency changing right before their eyes.  This had to happen…  

Article:
America and Britain: The “green events” cannot be allowed to happen again, and Iraq needs to form a government

NOTICE THE CONCERN OF IRAQ INVESTORS… THEY CONSTANTLY REPEAT ‘SIT YOUR GOVERNMENT PLEASE!’ WHY?… BECAUSE THEY KNOW ALL THAT IS NEEDED FOR THE REFORM IS AN OFFICIAL GOV BY KAZEMI.

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MilitiaMan (KTFA)

We have been told over and over that the CBI has upwards of 90 -145 billion in $ reserves and over 130 tonnes of gold. The border income may match or exceed Iraq’s oil revenues. Add in the Natural Gas deals? You get the picture. The new notes expected will be supported by all that aforementioned and the private sector once the re [RI?] construction process begins…we know what the CBI is about to do, or they wouldn’t be talking about deleting the three zeros from the exchange rate now would they?

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Samson (KTFA)

Article:
American Institute: The world is moving towards not recognizing the Iraqi diplomatic passport

Quote:
the Geneva Convention granted the right to every state participating in the United Nations to issue 1,000 diplomatic passports for every 100 million of its population…Japan, with a population of 125 million, issued only 1,000 diplomatic passports…Iraq…forty million people, has issued…15,000 passports…many problems contributed to the spread of Iraqi diplomatic passports, most notably the bubble of political elites in Iraq, wasta and corruption…

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Kaperoni

Iraq is in no position to change the exchange rate at this time…Iraq needs to diversify away from oil, create a private sector market economy where they manufacture, have agriculture, etc. To support their own economy.  Until they pass laws, have a stable government, foreign investment to diversify nothing is going to happen.

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Pimpy

Question:
We realize there are certain steps that must take place before the revaluation of the Iraqi dinar but IYO is there a scenario in which it could be done sooner than later?

Of course it could.  You gotta understand who determines the rate change is going to be between the Central Bank of Iraq…and it will be discussed with the Prime Minister and the president of Iraq as to why they feel a higher exchange rate is necessary.  If they agree, they go ahead and make the change…

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Breitling

Question:
“Don’t shoot the messenger! This concept is out there often – ‘Iraq is in no position to float the Iraqi dinar because they are 90% dependent on oil and until they pass laws, diversify their economy, the central bank will not float the dinar.  This is going to take months or even years before they’re in a position to begin to raise the value.’  What is wrong about that statement?”

It’s completely backwards because what they need to do if they want to diversify is to add value to the currency…they can’t diversify without a currency…

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Walkingstick (KTFA)

[via Frank26]

Iraq is no longer a weak country, with a weak government, with a weak currency.  The IMF, AMF, World Bank are counting on the IQD as they count their new small category notes in their banks whether they be physical or electronical…

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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