Dinarland Highlights – 2.4.23
RayRen98 (TNT)
We [were] THINKING “NUTTIN” WOULD HAPPEN OVER THE WEEKEND…NOW BANKSTERS ARE TALKING OTHERWISE??? TIME WILL TELL. BANK PERSONNEL “CLAIM” THAT THE RATE WILL BE HIGHER THAN THE $3-PLUS THEY SEE ON THE SCREEN...
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Mountain Goat
Article Quote:
“Prime Minister Mohammed Shia al-Sudani had said earlier that the Iraqi dinar was “stronger” than the dollar, while urging citizens not to acquire dollars.“
we hear it now from the new prime minister himself. There is no more hiding it that they are artificially suppressing the rate of the Iraqi dinar using the peg of the dollar and currency auctions to do it…
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Pimpy
Article:
“Dollar closes below 172,000 dinars on the Baghdad Stock Exchange“
It’s going in the wrong damn direction.
I’m not sure where these people are getting all these rumors. We know that Al-Sudani said he wants to restore the Iraqi dinar to its original value but he never said what that original value is. That could mean he just wants to close the gap between the market and the paid amount restoring the Iraqi dinar value closer to 1450 where it was. Or is he talking about going back to the previous exchange rate of 1190 dinars for every dollar…people running around talking about Al-Sudani said he’s going to restore the rate at $3.48 or $3.22 or anything else is fake…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We hear major changes are coming to all government banks. This announced by new CBI governor Alaq.
FRANK: …They brought back Alaq because he knows what Dr. Shabibi wanted with the monetary reform. Alaq is the perfect man to finish the reform because he started it with Dr. Shabibi.
FIREFLY: My bank friend says with Alaq now in place we are to look for big news on things he is doing within the week or so. He knows what he is doing.
FRANK: That is absolutely true…IMO he is already educated by his boss. His boss is educated by the CBI and the CBI was educated by the IMF and the US Treasury…
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MarkZ
[via PDK] I am getting exceptional news out of Iraq this weekend. If I had one or two more verifications in this vetting process I probably would already have come on showing you the golden shirt…I feel we are that close. The news has been phenomenal out of Iraq and the region…
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MilitiaMan (KTFA)
1460, that’s the official rate. That hasn’t changed. But since they’ve gone on to this electronic platform the exchange rate on the street has gone from 1460 to subsequently 15,16, 17. Now it’s pushing 1800. That’s creating a very big problem because the citizens are having to absorb that effect…
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Nader From The Mid East
For now they have to get out of all of the corruption they have. But they’re going to get it. The Untied States is helping Iraq to arrest corrupted people. Give it some time…things are doing a lot better in Iraq. I promise you things are doing a lot better in Iraq.
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Kaperoni
Guru Walkingstick says Iraq is making a switch from a program rate to an international free market for the Iraqi dinar…the term ‘program rate’…was a specific agreement between the IMF and Iraq for compliance reason. The exchange rate is the exchange rate! …If and when the dinar does go up in value it will be based on strategic monetary policy and economic growth. There are no shortcuts.
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Henig (KTFA)
Article:
“Victory: One reason behind the dollar’s rise… and Iraq is still in the seventh item”
Quote:
“Washington has control over the dollar, and Iraq is still suffering from its survival under Chapter VII, so the US federal imposed conditions on the state in order to stop smuggling by adopting a specific platform for the foreign movement of the dollar.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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