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Dinarland Highlights for November 23, 2022

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Dinarland Highlights – 11.23.22

MarkZ

[via PDK]

[I wonder Is it True that it is 4.81 in Iraq NOW? Could this be factual?]

That is what we are hearing for the international rate.  I am actually hearing $4.83. We simply won’t know until we get through the door. Does it make sense at that rate? Absolutely. Could it be?  Absolutely.  

Here is the chatter I am hearing. DOD contacts are still very confident that this week that we are in right now is the week it happens. I have heard this from a couple of sources. I know they missed the 36 hour window on Monday …but they reassure me they are still working to get it done this week. I am still being told by my banking sources here that they absolutely will not work tomorrow. So realistically I believe we are looking at Friday at the earliest.

Today the fact that Iraq is cleaning up corruption has now made it to main stream news. On AP (Associated press) “Auditors in Iraq uncover a staggering $2.5 billion tax fraud” This is an older story out of Iraq that is suddenly getting international attention. Maybe this is some of the smoke we need…just like we saw in Kuwait before they RV’d…

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Frank26 (KTFA)

[Community Member bank experience Continued]

She says, ‘You will receive a certificate and the minute that the collections department is complete with your currency they will put the finances into your account is what they told me.’ Frank…is there another avenue?

FRANK: I would much rather you tell that bank…‘thank you manager and helping me but…with all due respect…what happens when you send those dinars to the other bank and they get stollen…or burned up and all my dinars are gone?

…Where are you sending my dinars?  What main branch are you taking them to?  …thank you very much.  That’s where I’m going to go.’That’s what you should do IMO. 

[Community Member bank experience End]

Article:
A source in the Central Bank: It is too early to trade 20,000 dinars and no old denomination will be withdrawn

THE MONETARY REFORM TEACHING THE IRAQI CITIZENS MUCH MORE!   THE CBI ADMITS THEY ARE GOING TO USE A 20K DINAR…IT’S ALREADY PRINTED…THE MONETARY REFORM EDUCATION AT ITS HIGHEST!

Banks around the world are getting ready to receive the 3-zero notes.  Private banks around the world are already ready.

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Samson (KTFA)

Article:
Expectations of the dollar exchange rate in the 2023 budget

Quote:
The former director of the Office of Financial Supervision, Salah Nuri…There is no change in the exchange rate of the dollar in the 2023 budget, and this is the opinion of both the Ministry of Finance and the Central Bank.

Article:
In numbers… an unprecedented value for Iraq’s foreign reserves

Quote:
“Iraq’s foreign reserves are the highest today in the country’s financial history, which amounted to nearly 90 billion dollars…the exported Iraqi currency also amounted to about 150%, meaning that every dinar is exported to Trading in the economy is now covered by foreign exchange one and a half times.”

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Kaperoni

…Going to a bank to cash out. There will be very little if any banks that exchange the dinar if and when it ever becomes traded amongst banks. The reason is simple, most banks are conservative by nature…If and when Iraq ever diversifies their economy is in a position to float the dinar it will rise gradually over time.  Therefore, you would never want to exchange at a bank you would probably want to engage with some type of currency broker or market maker watching it rise.

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Walkingstick (KTFA)

[via Frank26]

There was $800 million flowing per week out of Iraq from the CBI banks illegally.  It was being done by the political thieves…money exchangers… Maliki… auctions…fake contacts or directly stealing it and not caring if they were caught.  Only the CBI can supervise their banks and they have done a superior job.  That is why the international world is willing to pour into Iraq with their currency converted into Iraqi dinars.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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