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Dinarland Highlights for October 30, 2022

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Dinarland Highlights – 10.30.22

MarkZ

[via PDK]

in Iraq we are seeing exactly what we saw in Kuwait. Crazy information and articles being recycled from 2 years ago…we are being inundated with BS right now…you are going to have to stay calm and let it filter through.

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Samson (KTFA)

Article:
The formation of the Sudanese government pushes the Iraqis again to demand a decrease in the exchange rate of the dollar

Article:
“New Jaguar Land Rover facility in Baghdad”

Quote:
Sardar Trading Agencies, the official distributor of Jaguar Land Rover in Iraq, has opened a new $12-million Jaguar Land Rover facility in Baghdad’s Al Mansour district.”

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RayRen98 (TNT)

HMMMMMMMMM SOME BANKS ARE CALLING THEIR STAFF MEMBERS…BANKS ARE RECEIVING (OR HAVE RECEIVED) SOME WRITTEN INSTRUCTIONS WITH MORE TO COME!

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Jeff

The central bank had minimal requirements in order for the rate change to move forward.  Article from 10-2014  “Iraq dinar revaluation postponed by central bank for 5 years…”  What they’re saying in this, due to political corruption and instability they are not ready to revalue their currency…that’s what they accomplished yesterday by completing the formation of their government.  Now that the government is done they have met the central banks qualifications to revalue the currency

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Pimpy

The Iraqi dinar value has gone up. People [In Iraq?] are dumping the U.S. dollars in speculation that the rate change is going to happen so they want to make sure they get more of the Iraqi dinars for the current value and then wait for it to go up and they’ll have about 22% to 27% more in value.  That’s a pretty big jump.

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Sandy Ingram

Here’s how and who stole $2.5 billion worth of Iraqi dinars in Iraq.  They are calling this the crime of the century…Approximately 3.7 million Iraqi dinars was fraudulently paid to 5 companies by the general commission of taxes an office within the ministry of Finances.  The money was paid through 247 checks between 9/2021 and 8/2022 from the commissioner’s account at the state-run Rafidain Bankthe Iraqi court has seized the cash…of the accused, their wives and sons…there was more than one family involved…the tax Commissioner General director and his Deputy have been arrested.

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Kaperoni

guru Frank 26 claims Iraq is going to raise the value from 1460 back to 1200. I can tell you right now that will not happen it does not encourage Iraq to build a flourishing economy…Various successes in Iraq such as seating Parliament or a government is all good news but it requires Iraq as a whole to create the conditions to build an economy. Only with the success of that economy can the dinar rise in value.

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RVAlready (TNT)

[So what is our time-line for the rv?]

nobody really knows, but it should be pretty soon, with banks getting instructions.

[reference RayRen98 post]

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MilitiaMan (KTFA)

Article:
IBBC focused on ‘Iraq – Identifying Business Opportunities’ in Dubai conference 10 & 11 November 2022

Now this surely looks like an after the fact conference to me.. Once they decide to adjust the exchange rate, then we will have a need for the private sector to hit the ground running. Everyone knows that. We know that why?  The Kuwait conference… The article of late have been thick about changing the exchange rate, deletion of the three zeros and to a lesser extent but relevant are the small category notes. The latter is to be a necessity with an exchange rate change.

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Frank26 (KTFA)

The American dollar is tanking and suffering and losing value so that’s why the thought is that they may take it to 1200 and come out at $1.20 to 1 instead of 1 to 1...

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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