Dinarland Highlights – 1.2.23
Yada (TNT)
…The mechanism is in place in and outside of Iraq. The dinar is not pegged to the dollar and for the past 15 days or so, it has been adjusting to home in on pairing with the other currencies in the basket. The people will have to use dinar to make their exchanges on their apps and the rest of the world will be using dinar for their contracts. No more having to convert to dollar to buy/sell, straight dinar/dong, dinar/yuan, dinar/pound, dinar with any other contract they’ve established.
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Clare (KTFA)
Article:
“What is meant by currency float? What are its advantages and disadvantages?”
Quote:
“There are millions of traders around the world buying and selling currencies…The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase…”
Article:
“Abdul Hassan Al-Shammari to / NINA /: I do not worry about the stability of the local currency, with the large reserves of the dollar and gold…in addition to that the continuous flow of foreign currency from the export of oil in particular.”
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MarkZ
[via PDK]
I am still hearing positive things on the news side… There are great expectations we will see movement today. Cross your fingers that this is it. This is the day they were looking for movement to start…hopefully release by tomorrow…I still expect the rate to come out close to $4 and the oil for dinar deal maybe $2 higher.
Here is the chatter from the banks …Ongoing meetings throughout the day and into this evening. I’ve got some private banking contacts that are part of this process and are hoping to be able to send out their announcements and notifications late tonight or tomorrow. This is still their goal…I do know we are awfully close. They are very hopeful that by tomorrow they will be able to send out announcements. I hope they are correct…I am hearing it from a lot of different sources. …I am praying this is it…we will watch it closely.
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Frank26 (KTFA)
Question:
“Do you think anything will happen in 2023?“
I don’t know, I can’t predict that but I am leaning more on the fact that they are going to get this thing done this time around.
Article:
“What is meant by currency float? What are its advantages and disadvantages?”
[Guru] WS & I TOLD YOU SO, THAT THE MONETARY REFORM EDUCATION TO THE IRAQI CITIZENS WOULD BE LOUD, PRECISE & VERY CLEAR… THEY TEACH THE IRAQI CITIZENS ON HOW THEIR CURRENCY IS ABOUT TO ENTER AN INTERNATIONAL FLOAT… TA-DA.
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Pimpy
Article:
“Expert: No Concern About The Stability Of The Dinar With The Presence Of large Reserves Of The Dollar And Gold“
Remember I was telling you as they continue to increase their foreign reserve assets and their gold reserves the whole purpose of that was to help stabilize and protect the Iraqi dinar and that’s what this economist is talking about…
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Nader From The Mid East
I’m not expecting anything in the budget. I hope something is in it…but for sure something in it, I don’t think so…if you look at the private sector…economy…everything is going well… they’re doing good, yes…I’m not saying it’s not gonna happen, it’s just going to take time…you made an investment, it’s a long-term investment…it’s going to happen when it’s ready…
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Paulette (KTFA)
Article:
“Parliamentary agreement on the legislation of the oil and gas law“
Quote:
“everyone agrees on the oil and gas law, and it will be legislated during the coming period.”
Huuuuuge …WE always believed the Kurds would never agree until the last minute…Waiting for it to be legislated.
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Sandy Ingram
Iraq is still under sanctions and the powers that be (UN, US, UK/EU, IMF, World Bank) are not interested in allowing Iraq back into the global markets with a track record of c--------n and security issues. Security issues means that international companies cannot invest in Iraq. Without the investment factor, little happens…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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