Dinarland Highlights – 1.31.23
Yada (TNT)
I pay very little attention to those who are looking for the release of the RI without understanding where we are in the process. In the scheme of things and the way money moves around the globe, Iraq really is on the verge of releasing internationally their currency. Too much as transpired to not see the release and this is something that can’t be pulled back. The whole world is affected by this release and they are prepared to receive it.
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MarkZ
[via PDK]
”The Governor of the Central Bank presents to Parliament a plan to adjust the dollar exchange rate”
There is a tremendous amount of back and forth going on…. This is the yo-yo. This is the same yo-yo we saw in Kuwait. This is the same yo-yo we saw in china before their revaluation in the late 90’s…. This is the same yo-yo we saw from Germany after WW2… I thought the roller coaster was interesting before this…but over the last 2-3 days…this yo-yo is strong…Like [Guru] Nader says…the fundamentals are strong. Things are solid. And they will keep playing this game with us and the whole world until they pull the trigger.
Still hearing from the banking side that there are great expectations for the next 24 hours…Most of the chatter out there is they are still squarely looking at overnight tonight and into the morning.
“Iraq is seeking full membership in the International Financial Action Organization”
I think this one is important because they cannot get full membership without a meaningful currency change…according to most experts. And I agree with them.
…Al Sudani says hes going to put back the dollar to the true, real value of $3.48. [1 Dinar = $3.48 usd] …when he says something…he gets it done. He will not take his eyes off the target and his target is to restore Iraq to its former glory and to move forward to be a key player on the world stage. This is coming from [Guru Nader and local sources in Iraq. The progress Iraq has gotten done under Sudani’s leadership is immense. I told you all the news was a yo-yo …lots of articles throwing out all sorts of rates…but watch the hand playing the yo-yo…It’s Sudanis hand…and Sudani is saying he wants a return to value of $3.48…This news is awesome. I still believe we will see it extremely soon but if we don’t see it tonight I certainly won’t be jumping off a bridge, especially with Sudani’s comments in Iraq’s local markets today.
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Frank26 (KTFA)
Article:
“The US Federal Reserve will meet tomorrow regarding the dollar in Iraq“
THIS IS A VERY BIG MEETING!
Quote:
“The US Federal Bank will hold a meeting tomorrow, Tuesday, in which it will study Iraq’s proposals to curb the dollar’s rise.“
[Iraq boots-on-the-ground report]
FIREFLY: We see on television news another delegation from Iraq banks is being told to go to the USA. This will be the 3rd group that goes there and meets again with the feds on why large amounts of dollars is being smuggled to private bank accounts inside of Iraq.
The meeting that is happening in Washington right now. It is a very big significant meeting… D.C. is receiving the instructions of what the Central Bank of Iraq is about to do with the exchange rate of the Iraqi dinar against the dollar. They are positioning it. Preparing it to float internationally…
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Pimpy
It’s starting to look like Iraq along with several other countries are in a serious currency crisis…
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Clare (KTFA)
Article:
“The US Federal Reserve will meet tomorrow regarding the dollar in Iraq“
Quote:
“The US Federal Bank will hold a meeting tomorrow, Tuesday, in which it will study Iraq’s proposals to curb the dollar’s rise.”
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MilitiaMan (KTFA)
The Uproar has been about the exchange rate…the exchange rate in an official capacity is at 1460. The street rate is about 1600…that may sound like a bad thing but it may not be because what’s it’s doing is it’s going to apply more pressure for the central bank to take action. And I believe they are taking action.
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Mountain Goat
WOW! So much news once again about the dinar and… today we are hearing many surprises…The CBI is going to allow any currency to be accepted by the banks in addition to dinar and US dollars. But also to pay for imports and the bills of merchants with other currencies, besides dinar but including dinar. Folks we have been waiting a long time to hear such good news. …we are going to get the reinstatement very shortly now. Just hang tight a bit longer.
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Sandy Ingram
I remind you once again, you will only need to travel to exchange your IQD IF Iraq prints new money.
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Breitling
If someone came off the streets and said… ‘you talk about authority. Where do you get the information to get imperial data? Where do you get the information to make a decision on? And where does that fit with Iraq?‘ Very simple. The Ministry of Planning, the Ministry of Finance, Iraq’s central bank. Everything I’ve come up with has come from those guys.
On what they want to do with their currency, they said they want to add value to it. And that’s it. You don’t need anybody else. You don’t need me. You don’t need other news articles…you only need the opinions from people who actually manage the currency and the people who pass laws that give people who manage the currency authority. That’s it. Where does my confidence come from? It comes from that. It comes from the very top. And if they get it wrong there is nothing we can do about it. I don’t have any opinions outside of that.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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