Dinarland Highlights – 2.15.23
Mountain Goat
…Everything is pointing in the right direction that this could literally happen VERY SOON…
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RVAlready (TNT)
Article:
“Fuad Hussein: We reached an agreement with American officials regarding the dollar“
Quote:
“I see that the currency issue will be gradually resolved…“
Article:
“The Governor of the Central Bank of Iraq reassures the people: We found understanding from the Americans regarding the dollar“
This is great news from a respected Iraqi diplomat and the head of the CBI. I’m looking for 1000 to 1 real soon now.
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Frank26 (KTFA)
Article:
“Al-Sudani directs a process of re-evaluation of all departments and support for investors“
NOTICE THE THEME OF THE ARTICLES THIS WEEK… IT’S ALL ABOUT THE SECOND PACKAGE… FOR THE ECONOMIC REFORM!
[Iraq boots-on-the-ground report]
FIREFLY: They are telling us to be careful, to hold onto our dinars and not sell them for the dollar because the dinar may become more valuable than the dollar…
FRANK: They tell you to hold onto your dinars?! It’s a sanctioned program rate but in the same breath they tell you to hold on because it may be more valuable than the dollar? That’s called reading between the lines!
FIREFLY: They say they are about to launch the 2nd phase of packages to make the dinar stable…
FRANK: A program rate in instability. It’s not stable. So read between the lines, they’re telling the Iraqi citizens the currency exchange rate is about to become stable. Yah!
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MilitiaMan (KTFA)
One of the things investors in the world need to come into Iraq…they need to have freedom of capital movement. They must have been assured in the Washington, Baghdad, Istanbul and the meetings that we saw with the IMF and AMF in the last 24 to 48 hours are all coming about telling us that they’re going to be going international…
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MarkZ
[via PDK]
…in the last couple days this rate has gained momentum and more and more people are ditching US dollars so I do not think they need another incremental drop…I think it could just go “Bam” and we get the big one.Still getting mixed reports as to whether we will get a full blown re-instated or revalued rate or if it will be 1 to 1 and float. About 80% of my bankers feel we will get a final rate out of the gate at the finish line…and 20% believe it will be that float…. I believe the countdown has started…and this thing is ready to blow…
“Diamond Jubilee Central Bank of Iraq – 75 years”
They are preparing themselves for a change in value and expanding to accommodate more companies as they are expanding…they are scrambling to get more licensed banks…to handle more currency exchanges. To go from dinar to dollar…from dollar to dinar and other countries’ currencies as well. Iraq is positioning itself to be a regional powerhouse.
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Pimpy
I Love what Guru Nader does. I dig that he gets out these news stories because these are things that we don’t usually have access to and at least it gives us some kind of insight on what’s being said over there in Iraq…I like having him part of the community. I think he’s a big plus and an asset to everything that we’re doing over here. So I’m grateful for that…
Article:
“Central Bank: Bank outlets to sell foreign currency continue to work by selling dollars”
Remember everybody was clamping down on dollars making them real scare. The more scarce they are then they rise up against the dinar in exchange. Iraq is trying to get permission from the United States to get more US dollars so they can release them in their country and drive the value down against the dinar.
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Suzie (TNT)
I’d be happy if they stopped there [1310], dropped a zero and moved the decimal point to the 1.31 mark, but the race between the tortoise and the snail continues…
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Sandy Ingram
Article:
“Congressmen call for more US support for Kurdistan Region, tougher position toward pro-Iran elements in Iraq“
This cannot be good. Or it may be the best thing that has happened in the last 10 years. Congress is actively asking questions and wanting to control the purse strings of America’s aid packages to Iraq…
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Bruce (The Big Call)
[via WiserNow]
We got…our lead bank talking about this thing going…[Wednesday] for notifications and Thursday for start of exchanges on liquidity…were are in a position to believe this is a Wednesday/ Thursday time frame which we have from two of our strong sources…our other foreign bank source is giving us this week or possibly early next week…we’re looking strong for the next couple of days. And then there’s a possibility that if it doesn’t go then we are looking really good for the next week, which is a Monday/Tuesday thing… We know this is a process that we’re watching unfold. We don’t have all the answers but what we have is is very positive… Hopefully we’ll see this come to an end this week.
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Breitling
The Parliament did accept the proposed increase in value of the IQD to 1300 dinar per USD [From the CBI]. This is in part to offset the recent losses in value and to increase the purchasing power of the currency.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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