Dinarland Highlights – 12.4.22
Mountain Goat
Welcome to the month of December! This is a very critical month for us investors in the IQD for if we are going to see any action by the CBI to reinstate the dinar anytime in January 2023. We must begin to hear news from them over the change out of the paper currency in circulation to the lower denominations to accommodate the new rate which they call the “project to delete the zeros”, which we all hope will be finally out of the program rate and to a much higher once on FOREX. Yes, a rate reflecting the true VALUE of the IQD, a rate we are all looking for.
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RVAlready (TNT)
Article:
“The Iraqi Parliament completes the cabinet of the Sudanese government by granting confidence to two ministers“
Now, we just need a surprise announcement from the CBI.
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Samson (KTFA)
Article:
“The House of Representatives adjourns its session to next Monday“
CABINET is SEATED…
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MilitiaMan (KTFA)
Article:
“A deputy reveals the developments of the budget and calls for it to be sent before this day“
Quote:
“revealed the latest developments in approving the general budget, calling on the government to send it to the House of Representatives before the sixth day of this month...If the government succeeds in sending the general budget to the House of Representatives, the latter will continue to hold sessions until it is approved without going to the legislative recess.”
There are no coincidences to the on goings. The are pointing to a key date. 12/06/2022.
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MarkZ
[via PDK]
[Remember when we thought the Dinar was going to be .86 and the Dong .05? We were so excited then!!!]
I still believe the dong will come out at the $2 – $2.25 range. Contacts say it may be closer to $3.50 or so…but I still expect $2 – $2.25.
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Frank26 (KTFA)
They’re gonna have a 1, 5, 10, 20, 50 and a 100. How are they going to get those? Well the 5,000 they lift the 3-zeros and it’s a 5. The 10,000 they lift the 3-zeros and it’s a ten…they’re printing a 20,000 note…remove the 3-zeros we go the 20. They’re well prepared. They have things well calculated.
[Iraq boots-on-the-ground report]
FIREFLY: The TV is talking all the gold they now have. They’re tying it in with the Monetary Reform.
FRANK: Yes, they have told you in the past that you have a tremendous amount of gold to back up your reserves for your currency but you also have so much untapped reserve potential in the ground…Iraq is extremely rich…you will become a Mecca in the east.
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Sandy Ingram
The money auctions that happen in Iraq daily…Iraq has an account with the Federal Reserve Bank in New York which draws down money on Iraq’s oil reserves. Pallets of hundred dollar bills are flown into Baghdad where the Central Bank of Iraq takes possession…The CBI then sells these dollars in daily auctions to Iraqi Bank and money transferring firms in exchange for Iraqi dinars.
What I want you to focus on is the Central Bank of Iraq collects Iraqi dinars left and right every day in the auctions. Never ever forget this fact. What is the CBI doing with all the Iraqi dinars? …the Iraqi [central] bank is collecting millions of Iraq dinar daily…they are making their money scarce.
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Kaperoni
People always wonder why Iraq can’t significantly RV the Iraqi dinar and often compare it to other Middle East countries. The difference is Iraq has over 83 trillion dinar in circulation compared to between 40 to 80 billion dinar and many other Arab states.
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Pimpy
There’s some interesting developments involving the exchange rate. I was impressed when Al-Kazemi was prime minister but I’m super impressed so far by the speed in which Al-Sudani is moving…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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