Dinarland Highlights – 3.4.23
Bruce (The Big Call)
We know our rates are going to be really stellar. We’re going to be good… we’re going to get started here – not this week, I don’t think but you got to keep an eye on for the possibility of surprise. Just keep an eye out…Dong rate that I heard a few days ago was excellent. Probably three times where we thought it was going to be.
…as long as the budget is not yet opened a new rate can be calculated within the budget. There is always times to change it if it is not yet passed in parliament…they can adjust it for the new 1320 fixed rate of the dinar. This has been the holdup…as told to me by my CBI contact, is that they are holding off also because they know yet another rate change is expected and is coming…between 1000-1150 within this 90 days.
[Iraq boots-on-the-ground report]
FIREFLY: New land transfer trade projects Iraq is doing – they’re saying will have us as the center of the global land trade. Again there is talk about our borders and bank system that are being set up digital for security. They said this will deal with other countries and their currencies only.
FRANK: This is the economic reform exploding and you don’t even have the new exchange rate given to the citizens yet (until now IMO March 2023)…
“Will banks accept our dinars with no issue?“
You better have a certificate of authenticity – what BS! …a certificate of authenticity that’s just a business card...you think when you go to the bank they’re going to say let me see your certificate of authenticity? Heck no! They’re going to take your dinars and they’re going to tell you, ‘yeah, they’re real.’ [or] ‘No, you got screwed. This ain’t real.’ Certificate of authenticity is a bunch of B.S.
“Chinese goods to be sold to Iraqis in Dinar“
“Iraq’s dealings with China in the yuan currency needs more time, and this requires building an oil refinery inside China, so that it supplies quantities of oil outside its share in OPEC, given that the refinery is Iraqi, and here neither America nor anyone else can prevent Iraq to take this step.”
“Their [Iraq’s] money has to be comparable to the region. Kuwait is over $3.“
Who said it has to be comparable to the region?…It doesn’t have to be comparable to the region. Even if you looked at the exchange rates all around in the other countries you could see they’re all out of whack….Iran you have 42,000 Iranian dollars for every $1 US. Turkey is 18.90 of their currency to $1 US. Syria is 2,511 to $1 US. Jordan has 1.41 to $1. Egypt has 30.68 to $1. Sudan has 565.15 to $1. Saudi Arabia…needs 3.75…to = $1. Yemen is 249.95 to every $1. Omen on the other hand it’s 1 of their dollars is equal to $2.60...all the other ones are upside down so I’m not sure where you guys can get “regional”…
We do have some news out of Iraq. ”Al-Rafidain begins depositing the Iraqi dinar and delivering the dollar starting Sunday” meaning they want you to have your dinar in the bank. Very few Iraqis use banks so they are pushing to streamline the process for the value when it goes…making massive efforts for that value change.Sudani this week is still pushing for that rate change and to expect the budget this week to be in parliament. The budget is considered by most to be a key part of this as it has the HCL law in it.
On the banking side we continue to hear positive things…Rates are still bouncing all over the place when you ask the bankers. Rates do not seem to go below $1.51 now…but they have seen up to $5 or $6 bucks. Hopefully this gives us an idea on possible ranges.
Iraq has been talking about adding value to the currency more than they have in the past…
“Dollar exceeds 60,<> tomans, vice president shocks Iranians with statement“
“The price of the dollar exceeded the barrier of 60 thousand tomans on Sunday, in a continuation of the unprecedented decline in the price of the Iranian local currency against global currencies“
If you go to the private [CBI satellite] banks the 3-zero notes will go back to the CBI. They will not go to the US Treasury. Is there an advantage to using these banks? No. Because these banks have to follow all the international rules.
FRANK: I’m just going after the bank that’s going to give me the best rate.
“Do you think they’ll just drop the zeros and go from there? So if it revalues to $3 a 25000 Iraqi dinar will bring you 25×3=$75 usd?”
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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