Dinarland Highlights – 12.26.22
Pimpy
I hear people say this all the time, ‘The Iraqi dinar is a fraud.‘ No it isn’t. It’s not the Iraqi dinar that’s a scam. It’s the individuals out there committing fraud using the Iraqi dinar to do so.
If the restriction on Iraqi dinar were lifted and all of a sudden the exchange rate jumped up high make no doubt about it…you would see me hauling b--t down to the bank!
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Frank26 (KTFA)
Article:
“The Ministry of Finance begins checking the amounts within the current expenditures to include them in the budget“
FINALIZING THE BUDGET WITH A NEW EXCHANGE RATE.
IMO the basket the Iraqi dinar will be inside of, once it starts to float internationally at a rate at least 1 to 1 with the American dollar it would join a basket then pair with currencies inside that basket...we thought there was going to be about 10…IMO things have changed. Do you know how much potential Iraq has? Of course you do that’s why you invested into it…it’s justifiable to consider there could be 29 currencies in that basket…that would have to be the largest basket of this planet earth…
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Clare (KTFA)
Article:
“The Sleeping Wool Shelf” pushes the price of the dollar in Iraq to about 160,000 dinars“
Quote:
“Nassif wrote, in a tweet…via Twitter, on the occasion of the rise of the dollar to 154,000 dinars and its direction towards 160, we say, Sleeping, Sharif al-Sawf, and the dollar is suffocating your people.“
Article:
“Sudanese advisor: Exchange rate fluctuations are temporary and there is no concern about Iraq’s capabilities to impose stability”
Quote:
“Salih revealed…foreign reserves have become the strongest in Iraq’s financial history, and its balance has perhaps exceeded one hundred billion dollars, which means there is no fear or concern about Iraq’s financial capabilities in imposing stability in the dinar exchange rates as long as the matter is related to administrative and organizational affairs in dealing with external transfer and foreign currency trading.”
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Walkingstick (KTFA)
[via Frank26]
The HCL is Iraq’s National Oil Company and the National oil Company is about who gets control of Iraq’s oil…the other monster is Article 140…Article 140 gives the census and the percentages of what you’re going to be getting in that region…
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Breitling
I don’t see anything negative going on in Iraq…as far as the Iraqi dinar is concerned…like the United States they can s---w up a lot and still maintain its markets. Iraq has that room also because they have a resource everybody needs. We’re not living off solar panels and Teslas – yet…it’s a long ways away.
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Kaperoni
Question:
“Can you explain why Libya has the same kind of economy as Iraq and an even less structured government and their Dinar is worth 17 cents to the dollar.”
The key point with Libya is they only have 32 billion dinar in circulation compared to Iraq who has over 80 trillion dinar. It [Iraqi dinar] will remain weak until they reduce the money supply either by removing the currency as Iraq ‘s economy prospers or deleting the zeros (LOP).
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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