Dinarland Highlights – 3.21.23
We are seeing some really substantial rates bouncing around the screens. $6.80 has been one we have seen for the dinar. We don’t know if that is a real rate or a place holder. We are also seeing dong showing up over $4 regularly. We really don’t know if they are placeholders or real rates…
We are getting more articles from Iraq that the HCL is done. But, I do not have confirmation it has been completed and signed by parliament yet. We are just waiting for them to drop the new rate. …It was explained to me by bankers that the stackers in ATMS there are set to dispense different size bills right now…
We are in the midst of the process…close enough to see the rate…A good week for us. As to how fast is of no matter, fact it has started…The activation of the ISO 202022 [international standard for relaying electronic messages between financial institutions.] was activated today so all the digital systems are connnected. The SWIFT system on steriods connected with the regional BUMA system who will clear the dinar. And the lower denoms being released. The trigger for us to now the rate is being released.
Member comment: THE BANKS GOT UPDATED RATES, THINGS ARE FLOWING THEY ARE MORE EXCITED THAN BEFORE – RAY WILL GO OVER THE RATES… RAYRen98: DINAR $6.80 DONG – 3 – 4…
[Iraq boots-on-the-ground report]
FIREFLY: The CBI governor is on News Channel One…being interviewed. He’s saying he wants to explain to the citizens Phase II and tell us about the 6 new exchange branches they told us about in and around Baghdad…This is part of the plan of step 2 to collect the 3-zero notes from the citizens and replace them with lower notes...
FRANK: It’s been a campaign of massive advertisement for the 3rd day now. They won’t stop. They keep talking to the citizens of Iraq on their Channel One news…
FIREFLY: Then they told us in phase 1 they have collected over 60 trillion 3-zero notes and they expect more to be collected during phase 2…he explained this will help stabilize the economy and control inflation...
FRANK: These are the final days…of your monetary reform. It is the start of the economic reform…Both of your reforms will bring forth your explosion in your country…it is coming to an apex. It is coming faster than they can print it and show it to you…we believe at the beginning of next month they will give it to you.
FIREFLY: The budget we heard has a rate of 1300 but also has amendments are coming to the budget…
FRANK: I believe the budget will be exposed hopefully with the new exchange rate…and somewhere in there they are going to give you what they are bragging about…this is beyond exciting! …as far as the budget coming out at 1300 to 1…they will amend it…there is a retroaction that will amend the exchange rate in the budget and prepare your currency to start a float. I pray that it starts 1 to 1. It could start lower. But the most important thing is that it is now starting.
”Central Bank Governor: We have more than 70 trillion dinars outside the banking system for circulation“
Nader From The Mid East
I’m sure you all heard about the 73 trillion dinars…They’re talking about the 70 trillion we in America, Canada, Australia, France, Iraq, wherever in the world – we’re sitting on it and we don’t want to give it up…The good news here…to get the 70 trillion dinars back to the bank of Iraq they’re gonna have to come out with a very good rate…to make whoever hold the money happy. That’s the good thing about it.
Alaq the central bank governor came out today and he talked about that they have more than 70 trillion dinars outside the banking system for circulation….I believe he’s saying in value terms – that they have 70 trillion dinars worth of assets or value out there. So be careful when you see that and you read it…I think…when he says he has 70 trillion dinars he’s talking about he’s got a lot of money in assets. That means he can support and defend his currency. That’s my belief. We’ll have to see how it turns out but it really does sound like it’s going in our direction.
“Ali Al-Alaq to Shafaq News: Wait for a decrease in the exchange rate of the parallel dollar”
“The Governor of the Central Bank of Iraq, Ali Al-Alaq, expected, on Tuesday, a decrease in the parallel dollar exchange rate (the market price and local exchange rates) during the coming period…The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.”
[NOTE: The official CBI rate is 1310…this article states 1132. Is the article an error, leak and/or foreshadowing of what’s coming? Stay tuned as the gurus chime in on this major oversight..]
“Political insistence on enacting law ‘postponed’ 16 years ago – urgent“
“the law has remained for 16 years in the shelves of parliament, but the political agreement stipulated that it be passed, and this is what was included in the government program of Prime Minister Mohammed Shia al-Sudani as well. This law has become an urgent legislation because oil belongs to all the Iraqi people, and this law will guarantee the right for all…Halbousi added, the good relationship between the federal government and the regional government will soon push the legislation of this law.“
It’s always been strange. When we first got into this and I started reporting on it there was more a buzz coming from Iraq, ‘when are they going to add value?’ than there is today. But today they’re in a better position to do it. So it’s kind of strange.
This now seems fairly straightforward – finish re-educating on the new currency in Iraq, and release the RV. Feels like we are about done.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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