Dinarland Highlights – 2.5.23
I am still hearing above $3 for the rate compared to the USD. There is a whole heck of a lot of yo-yoing going on. They are throwing all kinds of rates at us. They do this on purpose. Its all part of the smoke and mirrors that go along with a major change in currency values. I think they are hiding this one right out in the open right now. The rate and how many days off we are is the question now.
Nader From The Mid East
Sudani come out talking about the dinar, talking strongly, Something that made me very happy. He said the dinar is stronger than dollar and it’s going to be stronger than the dollar. He didn’t say how much. He said it’s a question of time. Let’s wait and see what he does.
It is true the real value of the Iraqi dinar is not 1460. It’s not 1160. It’s $3.28…That’s the true value. For now the rate is a punishment...Iraq with all the assets we have and all the reserves we have that’s not the true rate of our dinars.
“Sudanese advisor: Within two weeks, the exchange rate will stabilize at its normal rate“
1460 IS NOT A NORMAL RATE, IT IS A PUNISHED SANCTIONED RATE… THE GOAL IS 1 TO 1 AND THEN TO FLOAT INTERNATIONALLY.
[Iraq boots-on-the-ground report]
FIREFLY: Bank friend said his opinion is they are doing everything they can to stop the smuggling and this is why the dollar exchange rate is so high. Once the smuggling is under control and corrupt are held accountable then they will work on the dinar rate increase. But this has to be done first.
FRANK: For many generations Iran has been stealing from Iraq but now under the new leadership…they are protecting your banks, money and future…like your bank friend said, as soon as they are done talking to the United States about the dinar and the exchange rate verses the USD then you will see what you are looking for. And it is very close IMO…
Al-Sudani is only making a statement that’s true – The dinar is stronger than what we’re seeing. If Iraq wants the dinar to be as strong as or stronger than the U.S. dollar they’re going to have to have other forms of generating money – from tax payers, private sector, public sector, infrastructure – all important key elements of making a stronger currency, in addition to a stable government… currency, job growth, you name it.
When Sudani said they were going to restore the original rate, what they’re talking about is making sure the exchange rate is closer to the 1450 not $3.23…No they are not going to change the exchange rate to $3.22. I’m sorry to always be the bad guy…
We’ll know more after Iraq comes here with a delegation and meets with the U.S. I’m sure Al-Sudani is saying, ‘Look, we want to increase the value of our dinar against the U.S. dollar.’ You heard what he said, if they do increase the value of the Iraq dinar that would give confidence to their local currency and prevent people from wanting the U.S. dollars more than Iraqi dinars. It closes the loop on the black market…
Can Iraq’s ISX force an RV?
The answer is NO. But here’s what it can do…the ISX is financially and administratively independent from the Iraqi government including the Minister of Finance…NASDAQ incorporated and the Iraqi Stock Exchange have signed an agreement to extend the market technology relationship … NASDAQ will continue providing the ISX with Digital information to be up to date on global investments.
The Swift system they’ve decided to go with has created an environment where the dollar itself in the country has dried up…the demand for the dollar rose…that’s creating a volatility in the marketplace...the official rate hasn’t changed but the street rate is somewhere between 1700 and getting worse. They need to alleviate that and fix it as quickly as possible.
The number 1 reason we have never had a reinstatement is because of Iran smuggling and counterfeiting. They’ve been stealing, lying and cheating, killing and faking invoices. Endless lies to Iraq.
1460 is not an international rate…The dollar is on the way out which means the dinar is on the way in. Not the same ole 000 notes because that’s going backwards…They already know how to use a 1, 5, 10, 20, 50, and especially a 100. All they gotta do is change the dollar to a dinar and bada bing bada boom. From there it’s a float up to the glory days…I wouldn’t be surprised to see a 3+ start to that float. If Sudani really said original price, maybe he meant before America arrived in force. According to google timeline, on Dec. 5, 2003, Iraqs rate was 1 dinar = 3.35 usd. I think we can agree it’s ok to run from there!
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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