Dinarland Highlights – 2.10.23
“IRAQ MOVES INTERNATIONALLY FROM THE “GRAY” TO THE “WHITE” AREA”
“Iraq has come a long way in combating the financing of terrorism and money laundering.”
…Iraq was removed from the “most dangerous countries” area and moved from the gray area to white…this is fantastic news… So, now that they just told us the level of corruption is acceptable…and that they are in compliance with all international standards in this regard, when will they reinstate the dinar? …I am telling you get ready…it is not long before IQD is back on FOREX and trading…then we go to the bank.
What I am hearing from the banking side is that rates are starting to stabilize on their screens into what the rates should be. I will try to get them to share those rates unless they say “Heck no Mark”. I was told the constant changes they had been seeing on the screens is the new system…balancing things out to where they should be in correlation to other currencies.
Question: IYO when do you see the next adjustment of the IQD happen?
MarkZ: I would guess sometime within the next week? We are still seeing fluctuations in their markets…floating in the local markets…I believe they will have to make another adjustment soon.
“With more than 150 thousand dinars, Dollar exchange rates rise in Iraq”
They did not drop it far enough guys. Currency sites around the globe started showing some interesting things throughout the day today. XE is still showing the official rate…Forex is still showing the official rate…but what we started seeing in the rest of them was very interesting. $1 US dollar equals 737 dinar. Which would be a very substantial change. And that is just one of many sites…most are showing from 1 USD = 680 dinar up to 1070….
This doesn’t mean we can go out and exchange them…the markets are showing extreme volatility and they are trying to predict what that next step is. We are hearing a lot of fantastic chatter in Iraq that they are expecting another move…and also hearing from more and more sources to expect a substantial move…and the big one we have been waiting for. I am getting this from many sources.
“Iraqi Foreign Ministry: The delegation’s visit to Washington will discuss two basic economic files“
“The Iraqi delegation, headed by Hussein, arrives in Washington, with the dollar at the forefront of its talks”
NOTICE ANOTHER DC TRIP ON THE SAME SUBJECT… THE EXCHANGE RATE.
Name Protected: I just called the currency exchange in Tampa Florida…I said do you verify currency in house or do you have to send it out. She said no, we verify everything in house…I said supposed I have 100,000 dinars and I want to exchange them? She said that would be $3. I said would you give me a check or would you send it to my bank? She said no we’ll give you $100,000 cash minus $3 to transfer it…then I asked her what if I brought in 1,000,000. She said well we would change you $5. I didn’t ask her any more after that because I know they’re not going to give me a million dollars in cash.
Secretary Antony Blinken Tweet “I co-chaired with Iraqi Deputy Prime Minister @Fuad_Hussein1 the first ever economic-focused Higher Coordinating Committee of the U.S.-Iraq Strategic Framework Agreement. We will continue to work with the @IraqiGovt to strengthen Iraq’s economy and energy independence.”
“Blinken: We are working to strengthen Iraq’s economy and reintegrate it into the region”
As investors in the Iraqi dinar you want to hear this kind of news. The more they can strengthen the economy and make it more secure and the less they rely on oil sales the better it is for the Iraqi dinar. It becomes a stronger currency and you can have a much better exchange rate.
Looks like Iraq is rounding up some of those criminals that have been stealing some money but there’s a bigger problem going on with Iraq. Sure they re-valued their currency and increased the exchange rate but that’s a temporary fix. There are guidelines the United States put on Iraq and if they don’t follow it it’s going to get worse.
The exchange rate is now going in the correct direction…due to an internal float of the Iraqi dinar that is occurring inside of Iraq right now preparing itself to reach 1 to 1. We see the evidence of the next step. This is called phase two of the CBI’s monetary reform…
Nader From The Mid East
It’s not easy for the government and for the CBI to come out and say, ‘Okay, let’s go back where we were before.‘ In one hour, one day, one year. It’s not easy guys. It’s a lot of things, a lot of process they have to go through. It’s a lot of work. These guys work day and night 24 hours. This guys try to fight strong people like United States, Russia, Germany, France, Switzerland, Italy. You say these guys pouring in, pouring in, it’s only for their interests. It’s not for the interest of Iraq. Nobody’s for the interest of Iraq. You know better than that. Just be patient…
Bruce (The Big Call)
Guys, we’re very close…it appears that we’re gonna see some things happen pretty soon – and I hope it’s before…the 15th…if this intel holds up…that’s how close we are right now … Let’s see what happens.
They put out rules three weeks ago…they need to go to a dinar for public and commercial use…to replace the dollar, you’re going have to pick up the dinar and that’s where they’re forcing it to. Everybody on the street needs to now buy cars, groceries, commercial products, everything in dinars. That’s where the rub coming in. It’s a supply and demand issue…they have a liquidity issue.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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