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Dinarland Highlights for November 4, 2022

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Dinarland Highlights – 11.4.22

Sandy Ingram

The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S. dollar.

Article:
Iraqi premier to raise Iraqi dinar value”

He did not say what the revalue would be.

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MarkZ

[via PDK]

[(Guru) Nader said…that when the dinar selling stops…the RV/Ri will happen.]

He is right…but it’s my opinion…and the opinion in the Iraq finance ministry that you will see a complete stoppage …but not until moments before…or at the exact moment the RV goes. We are not going to get that much of a warning. The IMF and The UN says it’s now up to Iraq to pull that trigger.

Still hearing positive things for this upcoming week…Iraq has been very crystal clear…that the value of the dinar will be going up in the near future. They told us they are going to raise it. The question is how much they are going to raise it and how soon. Will it go from 1450 to 1200 and floating…or will it be the Nominal Effective Exchange Rate of 1 to 1 or $1.60…. I am still hearing from my sources in Iraq that they will not do 1 to 1 but if they do the NEER rate it will be $1.60 and float up. We know the rate will be going up. Their politicians have told us this…thier banks have told us this. The UN has told us this…. The question is when and how much.

We seem to be in a holding pattern waiting for something to happen. Redemption center folks are on call…They are hearing much chatter of them working very long days ahead. I believe they are trying to quiet speculation. We know it will revalue…It is inevitable.

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Pimpy

[The dinar] was around 1199 for every dollar.  They changed it to 1450 dinars for every dollar.  Now Maliki is talking about changing it to 1375.  That’s about halfway between where it is now and where it was before.  Keep in mind Maliki is involved in the currency auctions and he makes millions off it.  So an increase in the dinar against a dollar helps him with his little scheme of making money off the currency auctions

Article:
The secret of the Sudanese government’s retreat from changing the exchange rate of Iraqi dinar

Sudanese made a promise to the people that he would…change the exchange rate…now all of a sudden he appears to be backpedaling just a little bit.

Quote:
Sudani confirmed…Tuesday that the decision to change the exchange rate of the Iraqi dinar against a dollar is a prerogative of the Central Bank and we are committed to implementing what the Central Bank deems appropriate.”

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Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Sudani made a speech…it’s the soul responsibility of the CBI he told us.  He looked right at us and he said it’s the soul responsibility of the CBI for the exchange rate to be changed.  He’s talking about a change in the exchange rate.  Yesterday they told us they were going to add value and parliament will do their part on the budget law to present as soon as possible.  They are moving quickly…

Article:
Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic”

Quote:
The Prime Minister, Muhammad Shia Al-Sudani, has identified the Central Bank of Iraq as the only concerned party in changing or restoring the dollar exchange rate.

THIS POST IS FROM THE AUTHORITY THE PRIME MINISTER SUDANI & FROM THE POWER OF THE CBI TO CHANGE THE EXCHANGE RATE.

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MilitiaMan (KTFA)

…With the World Bank, IMF, UN, USA, etc, giving the green light of support we could say that the time is now…The CBI has nothing but good reserves, gold reserves, high oil pricing, taxes and tariffs are electronic as is more and more of the Government, inflation under control and the green light.. Looks like a perfect storm for an RI…

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Breitling

Watch Iraq.  It’s very positive.  It’s going to happen…but you need to be making money in other areas because we can’t control the date.  I think a lot of people don’t listen to that advice…Iraq is very positive.  I’m not getting out…I haven’t heard anything negative to this day, seen anything that going to stop them from a revalue.

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Nader From The Mid East

You see all what’s going on with the exchange rate…they took it down, they can easily reinstate it and the economy will not be touched…especially now…it’s booming in Iraq.  It’s nice you can get money left and right…

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Bruce (The Big Call)

[via WiserNow]

Possibly we get notified by Sunday and we exchange starting Monday or Tuesday. It’s hard to say – It’s not absolute. We’ve got a little window here…We believe Iraq has done what they said they would do – their holding back the Iraqi dinar rate here in this country until we start…We’re all set. We’re ready to start. We just want this trigger to come forward for us.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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