Dinarland Highlights – 3.27.23
Member comment: I hear Iraq’s ready.
MarkZ Answer: Yes they are…I was told [the rate] between $1.61 and $1.68. We wont know for certain which one until we get there. They know it’s going to float to that $3+ range.
…I was told it was announced and they have let the world know that they are moving forward… And I was told they are going to go towards the end of Ramadan…[Ramadan ends April 20] I’ve been told…there is a hard push to get it out the doors in the next few days. The comforting part is we can now see the end.
It appears that Iraq has fired the shot heard around the financial world. They are preparing to go solo… It appears that many other countries want to go with them.
Member Question: If the dinar and dong go separately…will they float?
MarkZ Answer: Yes if they go alone we expect them to float. I still think there is a 90% chance they go all at once…We are now seeing a very clear end coming…that is super exciting to me.
…we are being told from all of our sources that there is a “mad scramble” now to close any deal, tighten any loose ends …because the time scale has moved up and they are scrambling to get it out the door…It would not surprise me if it’s about to happen. It is very fluid and I hear it is moving very quickly. Expect a lot of back and forth news. Its close guys…We are watching it all play out like a “demolition derby”. I just need you to know where we are at right now and it’s a mad dash scramble to the finish line. I have not gotten this many emails, texts, calls and messages from this many people in a very long time. It certainly could be any moment.
Question: So if Vietnam goes when Iraq goes alone…will it float as well?
MarkZ Answer: I am hearing from many contacts throughout the day today…that the rate may be fixed and should not be a float.
[Iraq boots-on-the-ground report]
FIREFLY: My bank friend from First Bank of Iraq has new global money transfers. He said this system just started. This screams international. FRANK: That’s awesome! Yes it does!
The world is pouring into Iraq because of the monetary reform that is exploding the economic reform. The only reason why the economic reform has been so successful is because they know very well what is happening with the budget of Iraq and they know how it is being funded and they know what’s backing it…
“At exchange do they [the bank] file anything…?“
They’re not going file anything. You’re on your own when you exchange your currency. It is your responsibility to report your capital gains…to pay your taxes. The banks are not going to tell Uncle Sam anything about you… [Community Comment] The bank automatically will report to the IRS any deposits of $10,000 or more.
FRANK: that’s true, any transaction worth over $10,000 ends up in our governments lap.
Everything we’re seeing is phenomenal. They can’t go back. They’re gonna reprice at some point in time because they have to and I wouldn’t be surprised if they are forced to talk about that very quickly...
We are hearing things that are coming from Iraq that are about the exchange. We know Al-Sudani did a talk about the currency being strong and we had Al-Sustani talking about the currency and what you could do/what you can’t do. That’s really important because Al-Sustani is a very very very important figure in the nation of Iraq and the Middle East. The education has been ongoing and…they’ve had a little more communication with respect to the small category notes...
“Central bank sales exceed 800 million last week“
Based on the Middle East News feeds it is important…The total sales of the Central Bank of Iraq through the window of selling hard currency to the dollar during the past week amounted to more than 800 million dollars. This news flash leads me to believe Iraq is becoming More and more like Panama each day, however Panama’s currency is valued at 1 to 1 against the US dollar…Is Iraq hanging on to the US dollar so tightly because the foundation of their wealth is in US dollars? Meaning the oil revenue? …this is a massive amount of exchange for the US dollar in one week.
Nader From The Mid East
I don’t think it’s gonna be 1 to 1. I think it’s gonna go…between $3.28 and $3.50 directly. After this rate 1132 it’s gonna be big thing to happen.
Common dinar community comment – ‘Kuwait RV’d thier dinar in 1992.’ Not true. Keep in mind there’s a significant difference between Kuwait and Iraq. Kuwait has billions of dinar in circulation, Iraq has trillions.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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