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Dinarland Highlights – 12.30.22
MilitiaMan (KTFA)
The UST has Iraq’s CBI in a position to make a exchange rate change, imo.. They are likely at a point now there is no looking back in not doing so. Show time? It looks that way. There were meetings today with the CBI Governor.
The move by the US Federal Reserve Bank has their [Iraq’s] attention…What the USFED did was to put a fire under the bus with them in it. The reduction in the dollar sales has had a huge impact on what we are witnessing. The USFED told us they are not backing down. The CBI is obliged to meet their requirements now…We have heard there is an urgency to get this over the line. I am fairly sure the fire is stoked enough to do so.. imo This is good.
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Frank26 (KTFA)
Article:
“Urgent.. Governor of the Central Bank of Sudan: The foreign currency crisis is urgent for technical reasons“
THE MIDDLE EASTERN CURRENCIES THAT WILL BE IN A BASKET SOON ARE DEPENDING HEAVILY ON THE IQD TO GAIN POWER TO LEAD THEM.
Article:
“Documents .. The Iraqi finance stops appointments, transfers and bonuses until the approval of the 2023 budget“
FROM CITIZEN’S BANK ACCOUNTS TO THE GOI 2023 BUDGET… EVERYTHING IS FROZEN WAITING FOR THE NEW EXCHANGE RATE… BECAUSE THE EXCHANGE RATE WAITS FOR NO ONE.
Question:
“Anything on the Dong?“
I don’t believe the dong is ready. I believe it will go in a basket first. But I believe the Iraqi dinar has priority.
“FROM HOT POTATOES TO HOT TAMALES THE EXCHANGE RATE IS MUY CALIENTE!!!”…
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Pimpy
Iraq is still struggling to do what is necessary to stabilize the exchange rate…
The medium age in Iraq is 21. What that means is the age where half the people are above it and half the people below it. That’s the halfway part which is good because half the population is right at that working age. Other countries would be interested in investing into Iraq because there’s a lot of potential there… 21 years is pretty young and that is the halfway mark.
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Sandy Ingram
In 2004 the CBI set up the foreign currency auctions as a way to control the rate on the black market. Now we understand it is the black market that has control and the Iraqi people are not concerned with what the CBI is doing. They’re only concerned with the black market…
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MarkZ
[via PDK]
…Still hearing everywhere from… us in the banks on the 2nd…to us in the banks by the 14th…we just know its close. We know they are moving forward quickly…
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Kaperoni
A float is what’s going to happen with the Iraqi dinar but it cannot happen until Iraq creates a private sector to diversify away from oil. It’s going to take the passage of over 100 stalled laws, foreign investment and the diversification of their economy before they can float.
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Clare (KTFA)
Article:
“Fixing the dollar and oil in the 2023 budget and the truth about US sanctions.. “Sami’s Spectrum” reveals the details“
Quote:
“The price of a barrel of oil, which has been set so far in the general budget, amounted to 65 dollars…while the dollar exchange rate has been fixed at 1450.“
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Mountain Goat
As we end 2022 the news is heating up over what to do with the Iraqi dinar and save Iraq. We have been reading articles for over a year now on how to fix it and increase the purchasing power of the dinar. But the CBI had other plans in the White Paper and they needed to reach historic levels of reserves in order to make their next move. Yes, there is some pain the process but better to suffer a little now and then later celebrate when the prosperity and abundance comes.
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RayRen (TNT)
Community comment:
“WAIT…CITIBANK IS SELLING DINAR AT 600 + PER MIL. IS THAT WHAT THEY ARE DOING.“
YES.
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Paulette (KTFA)
IMSO, the rate will have to apply to both new and old currency as the CBI has stated the 3000’s will coexist with the NSCN’s for at least two years and upwards of ten years. A few weeks back, the CBI again stated that they are not going to remove any currency denominations when they unveil the 20,000…I hope I am right as the release of the 20 absent a 20,000 is another indication that the new rate will directly apply to all.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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