Dinarland Highlights – 10.6.22
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The CBI governor is on the news saying they will support and back all banks in Iraq. And if any bank has issues the CBI will assist quickly and help out. They talked about the reserve levels and they are at the highest in the history of our nation. They are educating us more than ever before…they also talked about how strong and stable the CBI is…
Article:
“Economist: It is necessary to convert small denominations of currency into coins“
THE LOWER 3 ZERO NOTES WILL BECOME COINS… NOTICE I ONLY TOLD YOU ABOUT THE 1, 5, 10, 20, 100 ETC. AND THIS IS THE FIRST TIME THE MR EDUCATION EXPLAINS TO THE CITIZENS ABOUT THE FILS AND THE LOW 3 ZERO NOTES
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MilitiaMan (KTFA)
They clearly are telling us there is an imminent launch of a new currency denomination(s)…to match more closely to the neighboring countries…Iran, Turkey, Saudi Arabia, Syria, Jordan and Kuwait.. None of which now or will have 20,000 notes…they use the wording of they; will be issuing a new denomination with the value of 20,000 dinars. Well if they delete the three zeros off the exchange rate we get a 20 Dinar note with the value of 20,000 dinars to be in line with denominations in the region.
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Kaperoni
Guru Mtn Goat is talking about the published statement on deleting zeros that it needs parliament approval… Parliament approval is an indication of the LOP neutral event. Parliament approval is not necessary for…raising and lowering the exchange rate. Changing the face value of currency notes from their printed value are things that require parliamentary approval. This is not what we want to ever see happen. If Iraq moves forward in gets parliament to approve to change the value of the currency from their printed value this is a neutral event and there is no gain on the value of the currency.
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MarkZ
[via PDK]
I was told from some amazing sources that Iraq’s goal was to have this all done in July…but there was major hiccups and the rest of the world that have signed on to the Gold Treaty are very frustrated with them. Maybe this rumor was spread on purpose that the world was going to go without Iraq to get Iraq to get their s*** together and motivate them to get it done? Iraq could be saying ”Oh c--p-we will be left behind…the rest of the world will have prosperity without us…our people will be really ticked at us…we better get it going?” I wonder if the world is firing a warning s--t at Iraq…that makes sense to me. A carrot and a stick. Either way to me is so exciting.
[What rate are you still hearing the Dinar will RV at? $4 still?]
I am hearing from almost all of my banking sources telling me repeatedly that the values/rates I had anticipated are very low compared to what they actually are. This is a great thing for us. I am excited about that but will continue to think on the lower side and be surprised if the rates are higher.
It’s been quiet on the RV front but, we have some news coming out of Iraq as they discuss denominations and new bills as they have floated the thought of printing a new 20K note. We saw exactly this happening in Kuwait and other revaluations…. They want to throw off timing…so don’t panic when you see those stories. This is totally expected …instead focus on Iraq stockpiling gold and getting most of their own currency off the streets. We are still hearing positive things out of redemption areas…They still think it could go minute to minute.
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Pimpy
Article:
“Iraq is the largest buyer of gold for the second quarter of this year”
Congratulations to Iraq.
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Sandy Ingram
The OPEC+ group has agreed to reduce its daily oil production by an average of 2 million barrels per day. When you limit the supply the price automatically stays the same or they go up...at the same time this limits the monthly income Iraq can experience thus affecting Iraq’s financial status…the OPEC group decided to start applying this reduction in November of 2022...
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Clare (KTFA)
Community comment:
“…When the satellite bank opens up the Iraqi citizens in the United States would not be getting the new small note but would be able to exchange with the new rate (from the second set of books) and that no one knew what the new rate is“
NO YOU ARE MISTAKEN…WHEN THE CBI OFFICIALLY CHANGES THE RATE ALL BANKS WILL HAVE IT (THAT DEAL WITH THE DINAR) IMO.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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