Dinarland Highlights – 11.22.22
Nader From The Mid East
People…keep saying the exchange rate that’s in the budget. Me, I don’t think its in a budget because the budget have nothing to do with the rate…Maybe I’m wrong. I hope I’m wrong but I don’t think I’m wrong.
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MarkZ
[via PDK]
Article:
“The house of representatives adjourns its session and decides to hold another closed session tomorrow to discuss preserving Iraq’s sovereignty”
What is the biggest hindrance to their sovereignty right now? It is their absolute dependence on the US dollar until they revalue their currency… They will never have true sovereignty until they do not have a US based currency….
This means they need to reinstate their dinar value instead of using US dollars. This is an open conversation in politics over there right now guys. We know it is close…the CBI told us it is close… The Iraqi government told us it is close…the UN, IMF and World Bank has told us it is close. Every agency out there has told us this is close…
[What about the 36 hours target from yesterday?]
It never materialized. I thought it was a bit premature.
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Frank26 (KTFA)
[Community Member bank experience]
FRANK: You called me 2 days ago. You were very excited. Something happened. You were minding your own business and walked into a bank correct? MEMBER: I live in the state of Florida. The bank I’m talking about is called Truist in the Orlando area. I know the VP of the branch that I went to visit…I saw she was alone in her office and I invited myself in…
MEMBER: A little history – I had reached out to her about a year ago and she said I can’t talk about this at the branch. Maybe I can talk to you some other day. Well that other day came a year later, which was last week…I was very direct…we talked about 20 to 30 minutes…My first question to her was, If she’s aware of currencies that are going to be included in her bank system or if she and her staff are learning any new protocols on currencies that are going to be coming into trading where we can come and exchange.
FRANK: You sit down…then out of the blue you just come out and ask, ‘Is your bank doing any procedures right now. Any work right now on foreign currency that’s going to be exchanged?’ MEMBER That is correct…I said…Are you gong to be exchanging any currencies in the near future that your new protocols are set in place for. She said, ‘yes.’ I said, ‘There is the Iraqi dinar and…Vietnam dong that I am currently invested in. Are you guys going to be exchanging any of these currencies in the near future?’
She said, ‘Yes.’ I said, ‘I know you’re not allowed to tell me the dates or rates or anything like that, but will this happen before the end of the year or is it going to happen next year?‘ She said it’s going to happen before the end of this year. I said, ‘Interesting, what protocols do you have that I can come in and exchange my currencies?’ I go, ‘I know you’re not a large participant in this process, I’m assuming you’re a satellite bank… you’re going to be able to assist in the process?’
She says, ‘That’s correct.’ I say, ‘What’s the process? What do I need to do to bring in my currency and exchange it?’ This is what was very interesting. She says, ‘You bring in your currency and we take it and we give it to collections for 3 working calendar days.‘ And I looked at her and said, ‘So you’re going to take my currency for 3 days and then you’re going to give me the value of that currency in that 3 day period?‘
And she said, ‘Absolutely. The collection department will give you the rate of that day.‘ I said, ‘Well over my d--d body am I going to give you my currency without anything from you guys.’ She said, ‘Precisely, there are going to be banks out there that are not certified to do any of this and they will take your money and will not give you anything. You’ve got to remember to be very cautious about not just giving your investment to any bank out there. You want to go to the participating banks that are assisting you in this.’
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Samson (KTFA)
Article:
“The Governor of the Central Bank of Iraq receives the Ambassador of the United States of America“
Quote:
“Iraq and Washington agree to develop “banking procedures” for Baghdad”
Article:
“About $100 billion Iraqi oil revenues in 10 months“
Quote:
“These revenues increased from last year 2021 by 65 percent, as the financial revenues amounted to 60 billion, 648 million, 11 thousand, 368 dollars“
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Kaperoni
If and when Iraq decides to begin to raise the value of the Iraqi dinar it will be gradually over time. There is no overnight RV. A country’s currency value is a reflection of the success and growth of their economy. So until Iraq passes laws, encourages investment, and their economy diversifies nothing is going to happen.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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