Dinarland Highlights – 12.23.22
Walkingstick (KTFA)
[via Frank26]
The CBI is leaving a big trail. If we were on a hunting expedition it would be easy to read and follow these tracks. It would be easy to see they are in the middle of a major change to their banking structure – from a de-p-----g to an International float via a pairing in a basket of currency that the IQD will be benefited from…
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Frank26 (KTFA)
Why is the dollar going up in value inside of Iraq? Because they de-pegged from the dollar weeks ago…because it’s about to go outside in a basket of possibly 29 currencies...
[Iraq boots-on-the-ground report]
FIREFLY: The HCL is still being worked on. They are back in Baghdad meeting right now. This has no final agreement signed now. We’re not too concerned about it because we know they’re going to agree. As of yet there is nothing that has been signed. This is a sticky point and has to be signed and activated. They have signed article 140 but HCL and Article 140 are different items.
News here talks about the meetings and the HCL all day…they’re saying the only thing Iraq needs is this HCL signed and activated to make Iraq have ability to advance in the International world. This HCL is the final key…
FRANK: They just told you the moment they have the HCL signed your currency is going to go International. That’s why you have so many platforms already established internationally…
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Samson (KTFA)
Article:
“Iraqi chambers of commerce make proposals to end the “daily m------e” of the dollar in the market”
Quote:
“The head of the Federation of Iraqi Chambers of Commerce suggested “diversifying the foreign currency commodity within the central bank and not remaining a monopoly of the dollar only, the strict monitoring by the Federal Bank on the movement of the dollar from Iraqi banks to intermediary banks.“
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MarkZ
[via PDK]
There has been chatter about the exchange rate and stabilizing it in Iraq. The banking side is still of the belief this will be our weekend for announcements. And that we all will start going to the banks next week. Guess we will see soon if that is true or not…
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Pimpy
People are getting pissy about the fact that I’m saying Iraq most likely is going to have to re-denominate the currency. Now re-denominating…has nothing to do with the exchange rate. What that means is the current image of the currency…most likely will change…Iraq has trillions and trillions of unaccounted for dinar. We know I--S …and criminals stole a bunch of them and…you have no choice but to re-denominate – create new currencies and tell the citizens to exchange their current currencies for the new currency, straight across even-Steven.
What you might see happen then is the deletion of the zeros so they might have a new lower denominations…In other words if they delete the 3 zeros then 25,000 dinars becomes 25 dinars. You still have the same equal value, they’re just lower in denominations…That has nothing to do with the exchange rate. That doesn’t mean you’re losing money in your investment. That just means they’re removed the zeros and they’ve re-denominated and the currencies have a new look to them altogether.
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Sandy Ingram
This is breaking news. Article: “CBI takes action to stabilize Iraqi dinar exchange rate“ The CBI has announced measures to help stabilize the dinar/dollar exchange rate. One of the measure they are now doing includes allowing banks to participate in buying and selling any amount in foreign currency…
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Kaperoni
[Guru] Frank 26 says they are removing the dollars from Iraq…That’s not possible because that is counterproductive to the daily currency auctions which are used to stabilize the exchange rate. [and] says the Iraqi dinar is going to go International and in January the Iraqi Stock Exchange is going to go International…Both are already open to the world…The Iraqi Stock Exchange…are just improving their infrastructure and opening web based investing.
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MilitiaMan (KTFA)
Article Question: [Reference Guru Samson Article Below]
“New currency? Does this mean they are rolling out the lower denominational notes too?“
They say “This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks,” So from that we can deduce it is possible they are talking NSCNs.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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