Dinarland Highlights – 12.20.22
Clare (KTFA)
Article:
“The National Bank of Iraq gets an advanced rating in Moody’s at B3 and Caa1“
Quote:
“Managing Director of the National Bank of Iraq, Ayman Abu Dahim, confirmed, saying: We are very pleased that the National Bank of Iraq obtained for the first time a credit rating by Moody’s Investors Services, as this reflects a very positive outcome…and we are We are certain that this rating will rise in the future as we continue to implement strategies and plans to expand our business…”
______________________________________________________
CharlieOK (TNT)
The [Vietnam] dong traded at over 2 bucks in the ’50s. If there is any country that should try to force an RV before another, it should be VN. Stable country with a manufacturing base and lots of natural resources… The country of VN was involved in warfare from the latter ’50s through the early ’70s. Since then, VN has rebuilt the country with a diversified economy. It has natural resources and has a manufacturing base. Actually, VN shows what a fiasco Iraq now is. Even so, it appears that what we hope for might just be upon us…
______________________________________________________
Frank26 (KTFA)
Article:
“New App allows Iraqis to trade US-Listed Stocks“
INTERNATIONAL PLATFORM FROM THE CBI TO REMOVE THE BLUES OF THE CITIZENS…behold…an app for the Iraqi citizens…so they can move currency in and out of their country and so they can buy stocks listed outside of their country. If you don’t understand this you don’t belong in this investment…How come they haven’t been able to do that for the last 20 years? Because they’ve been on a program rate…I’m sorry anybody that tells you the Iraqi dinars are not going up in value is simply ignorant…this is not for a program rate. This is for a powerful currency.
[Iraq boots-on-the-ground report]
FIREFLY: Erbil is back. They’re talking to Baghdad. It’s all about the HCL. They want their money…we await a final agreement on the HCL law.
FRANK: The article 140 was signed/accepted. Article 140 is separate from the HCL but they work together…the HCL is already agreed upon and it was activated because of article 140. It will be in the budget…
FIREFLY: There is still a sticking point on the HCL but it’s a positive direction...
FRANK: It’s a very positive direction because the HCL is what’s going to allow you guys to go international.
______________________________________________________
Pimpy
There’s a list Iraq must complete before they have their restrictions removed. They still have restrictions. Can you walk down right now to your bank…and buy and sell Iraqi dinar? I think Chase Bank is the only one that does that.
I think once the hydrocarbon law is signed that’s a biggie. We know the Kurdistan Regional government has been sending people from Erbil over to Baghdad to try to iron this thing out. Once that is done I can’t think of any other things out there keeping the restrictions on Iraq’s currency outside of the fact that their banks continue to have issues with money laundering…The remedy for that is to redenominate the Iraqi currency, make new ones and while you’re at it go ahead and delete the zeros. That kills two birds with one stone. Then you’ll see the rate increase in increments…
Advertisement
______________________________________________________
______________________________________________________
Kaperoni
Interesting article today the Iraqi Stock Exchange announced the launch of an Internet trading system with a private based company to allow investors to buy/sell in the Iraqi stock market. This is really critical for Iraq to open their private sector market economy and develop their Capital Market. A means to bring lots of money into Iraq.
This will also help I believe in price discovery when they decide to float the currency…if and when the Iraqi dinar floats it will be based on the economic success and growth of the economy… The launch of this online trading system goes into effect on January 29th, 2023. This is another critical part…as the new prime minister is attempting to activate and diversify their economy.
______________________________________________________
Paulette
I am excited that we may be within a few weeks of actually finally seeing the “restructure” that we have all been waiting for…
______________________________________________________
Walkingstick (KTFA)
[via Frank26]
To see the CBI have constant daily meetings, more than one meeting per day is a very good thing. These meetings were not as common as they are now. They were not as acute as they are now. Yeah…to see the CBI have these constant meetings on a daily basis is very good…you have to wait for the articles to catch up with these CBI meetings…these meetings will lead to the 2023 budget and to the new exchange rate of the Iraqi dinar…
—
Advertisement
______________________________________________________
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
