Dinarland Highlights – 2.25.23
Mountain Goat
There is some amazing news and it falls directly in line of what we should be expecting at this point in time. We all should realize by now the IQD is no longer pegged to the dollar…When I reviewed the Dr. Shabibi 2011 plan of the process to reinstate the Iraqi dinar…that part of the process would be to de-peg for the dollar then watch for inflation…This period of adjusting for inflation could take a few days, weeks or even months…We must now settle down and relax while we watch the process play out.
…the Central Bank of Iraq launched the second package of reforms. In a remarkable statement, the Central Bank of Iraq announced, a plan to allow trade with China in Chinese yuan instead of dollars, in an apparent attempt to improve access to foreign currency and reduce dependence on the dollar. WOW! …we can see this is good news and also bad news as it may lead to complications if the CBI does not manage it correctly. …Would Iraq sell oil for Yuan? …if Iraq did make this move this would certainly push them even more to reinstate the dinar as an international currency once again but only if the CBI can also control these new currencies. We just have to wait and watch. It won’t be long before we see what happens.
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Frank26 (KTFA)
What is the rate that they will leave their borders and be done with the internal float?1 to 1.How long will it float externally into the markets in the currency reform? I don’t know. ‘I don’t care.‘ Why? ‘I only have a million dinar.’ Oh. ‘I care’Why? ‘I have a lot of dinars.’For those of you that have a lot of dinars that are going to be paying attention to this next phase – It will be well managed and well controlled in the float…
Articles:
“Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies“
DIVERSIFICATION BETWEEN CURRENCIES…BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES… THIS IS CURRENCY REFORM EDUCATION! …this is explaining the external float to the Iraqi citizens…
Article:
“An economist expects a third package from the central bank to reduce the dollar”
Quote:
“…There will be a third package of decisions for the Central Bank to reach the parallel price at the rate of 2%…ratio between the official and commercial price…the decline will face resistance from traders, speculators, importers of goods, and stakeholders.”
THE EXTERNAL FLOAT WITH A PLUS OR MINUS OF 2-3%.
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Sandy Ingram
CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.
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Samson (KTFA)
Article:
“An economist expects a third package from the central bank to reduce the dollar”
THIRD PACKAGE OF DECISIONS – POWERFUL.
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MarkZ
[via PDK]
In Iraq…They are…talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week. The chatter on the street is indeed is 1 to 1 and then a float… PAY ATTENTION BECAUSE THIS IS IMPORTANT… I do not think this is what we are going to see over here.
I am still hearing it’s going to be a complete reinstatement or revaluation…perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level…we shall see. But that is the chatter and its been overwhelming over the last few hours out of Iraq…Based on the news from Iraq…I hope our exchanges will start sometime this upcoming week…Its looking good and the chatter is overwhelmingly good…This is extremely exciting.
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Pimpy
With a strong economy and the gold reserves are up and the foreign currency reserves are up there’s no reason for Iraq not to have a stronger exchange rate once you can start providing more jobs and you start redoing infrastructure but it’s not going to happen overnight. You’re not going to see no presto huge jump in the exchange rate. No. It’s going to go up in increments…
Question:
[If they remove the zeros from the currency what will happen to the old currency? Is it only the 25,000 note?]
…I’m sure we’ll have time to go ahead and swap our currency out. You just can’t screw over a lot of people who are legitimately holding on to the Iraqi dinar. If it were to happen it [the CBI] would give us a window of opportunity in which to go ahead and make the exchange…
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MilitiaMan (KTFA)
It’s been 20 years they’ve had this process going and now they’re finally getting to that change. If we can’t see it now we probably never will but at this stage of the game I’m a believer that they are telling us and they did tell us there’s no going back. This process is underway.
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Breitling
It’s black and white. Iraq picked the right guys. They picked us. They’re going to stay with us. They’re not going to go with the BRICS. They’re not going with Asia. They’re not going to go with the EU. They’re going to stay with the biggest massive system in the world where they can get capital. And if they need to raise money through the IMF…they’re going to stay with those guys because Europe doesn’t have any money to lend out. China doesn’t have any money to lend out and if they do lend it out it’s not worth the risk for them…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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