Dinarland Highlights – 12.17.22
Sheila
…in the middle east…they are having the cross border payment transfers and the exchange rates pretty much around the globe now. It’s starting to unwind…there was a meeting on Thanksgiving day that was a big change. Things are moving…I just want to wish everyone a Merry Christmas and know things are well on its way…this is going to be a great holiday…
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David M. Witty
Iraqi PM Sudani’s office: the increase in the dollar exchange rate is temporary. Our financial situation is in the best of circumstances.
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Frank26 (KTFA)
Question:
“How long will Iraq allow the 3-zero notes to be out there?“
Probably a long time. Why? Because the satellite banks that they established around the world need to vacuum these back into the CBI. If you go to an American Bank the dinars will go to the United States Treasury in our foreign reserves. If you go to one of the satellite banks from the CBI somewhere in the U.S of A your dinars go back to the CBI.
Iraq is desperate financially. They have money. They’ve got lots of money and untapped money too. But they can’t legally use it until they fulfill the Paris Club agreement.
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Pimpy
Article:
“Temporary Order. The Prime Minister’s Office Clarifies The Rise In The Exchange Rate Of The Dollar“
That’s the wrong direction. If the dollar is rising against the dinar that means the dinar is losing value. We don’t want that to happen. Having said that, Iraq is getting their c--p together. There are some hurdles preventing Iraq from moving forward as quickly as we would like but it’s also causing some instability in the Iraqi dinar. Just ride the roller coaster out. Now that we know what’s going on they’re making some major changes in the Iraqi banking system…
Article:
“Central Bank: The cash reserves has reached its highest level in the history of the Iraqi state“
This is awesome. This is another one of those things that Iraq needs to do to strengthen its’ currency…this is great news.
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MarkZ
[via PDK]
“USD/IQD rate stabilizes in Baghdad and drops in Erbil”
It appears that we are at least moving to a float in the local market…I am still hearing though that we will be covered by a contract rate when it goes. I take this as an exceptionally good sign. I was always told it would start to fluctuate right before it goes…so to me this is fitting with everything I have been told about. We know they are moving forward and there is a lot of pressure on them. Getting the rate value increased is a regular conversation in Iraq. There is chatter and lots of pressure on the government of Iraq who has completed everything…now the CBI governor will certainly be tossed out on his ear if they do not move forward quickly.
I still don’t think it will float…I think the rate is going to be set…
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Clare (KTFA)
Article:
“A slight decline in the exchange rate of the dollar“
Quote:
“The exchange rates of the dollar witnessed, on Saturday, December 17, 2022, a slight decrease in the local markets.”
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Walkingstick (KTFA)
[via Frank26]
Question “What is the exchange rate of the dinar?” It depends…the exchange rate of the Iraqi dinar in county is 1460 but the Iraqi dinar is actually outside of the country right now in many of the exchange markets…Forex uses a decimal system…the rate of the Iraqi dinar outside of Iraq and it’s used in international trade is .000859 whatever it is now. They deal in decimal points commonly called Phils…when you ask what is the exchange rate of the Iraqi dinar it’s the way it is depicted. One is depicted with a decimal point – external outside of Iraq . And the other is in country and that’s 1460.
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MilitiaMan (KTFA)
Article:
“Minister of Transport: We aspire to enhance the investment environment in Iraq”
The transport of any country is very important for the Private Sector.. The major players in an infrastructure build out for a country post war is a critical sector…The country is looking to be fully committed now to open up internationally and transportation is a key component.. This is a good thing for investors of the Iraq Dinar.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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