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Dinarland Highlights for November 24, 2022

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Dinarland Highlights – 11.24.22

Mountain Goat

the good new this period is that they are cracking down on the corrupt banks in Iraq as they already closed 14 of them.  Next the US Treasury is in Iraq briefing over 35 of the existing banks how to conduct their banking practices and “best practices” for the banking sector…So why are they cracking down so heavily now? …I am hearing from my CBI source that part of why the US Treasury is now in Iraq is also to review and implement measures for auditing the expenditures of the 2023 budget once it is opened.

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Sandy Ingram

Article:
Blaming Kurds for unrest, Iran threatens Iraq with offensive

Breaking news out of Iraq – Iran has made good on their threats.  They have lit up Northern Iraq like a Christmas tree with drones and missiles…the United States condemns Iranian strikes in Northern Iraq…

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Frank26 (KTFA)

Article:
The Governor of the Central Bank of Iraq receives the Ambassador of the United States of America

CBI GOV TELLS USA ALL BANKS IN IRAQ & OUTSIDE OF IRAQ, ARE READY TO GO!

The next person that tells you that it’s a lop maybe you show them this…The exchange rate of the Iraqi dinar…is 1460…the goal is to drop the 3-zeros and to end the play at $1...let’s say they take this rate to 1000 then they drop 3-zeros.  It’s $1.  That’s their goal to reach 1 to 1 exchange rate with the American dollar.   

Here comes the tricky part where everybody get’s messed up.  Ok at this point they change the rate to 1 to 1.  Remember what they said they’re going to do once they change the rate to 1 to 1?  Float…Where is it going to float?  Internationally…when it does, 1 to 1 will grow…they’ll find a place where they cap it.  Back in 2003 it was $3.22.  That was over 20 years ago.  It should be way past that in my opinion.

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Pimpy

Article quote:
The absence of the approval of the 2022 budget has hindered taking advantage of the rise in oil prices to implement new investment project – In addition with weak business environment and efficiencies in public sector investment, mismanagement, corruption and the lack of adequate infrastructure.  All these factors constitute major obstacles to attracting foreign investment despite some progress in the recent years.”

This is the big reason why you’re not seen any real increase in the Iraqi dinar exchange rate.  Those are huge steps…that need to be taken before they can increase their purchasing power and before they can increase the value of the Iraqi dinar…

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MarkZ

[via PDK]

I am hearing $4.83 has started showing up on screens.

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Samson (KTFA)

Article:
Basra Gas announces that its production has increased to 1000 million standard cubic meters per day

Quote:
Gas production has increased by four times, as the company produces 1,000 million standard cubic meters per day, after production did not exceed 200 million standard cubic meters per day

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Kaperoni

Guru Pimpy actually made a smart post when asked about Iraq changing the value of the dinar. He says it does not benefit them at this time as they rebuild their economy. That is correct!

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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