Dinarland Highlights – 3.29.23
Mountain Goat
Article:
“MINISTER OF TRANSPORT: THE GOVERNMENT’S VISION ASPIRES TO TRANSFORM IRAQ INTO AN INTERNATIONAL TRADE CENTER BETWEEN ASIA AND EUROPE”
…I told you that Iraq is going to be a huge clearing house for the middle east between Asia (China) and Europe (EU). So here it is now in black and white from their own news media. Their words not mine…. No Rumors, No Hype, No Opinions…Just the FACTS! They can not possible continue with this approach with a program rate and not being an internationally traded currency.
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Frank26 (KTFA)
Early summer of last year I started to tell you, you needed to start paying attention because…they are about to tell the Iraqi citizens everything about the new small category notes…back then…I said there wouldn’t be any coins right away…UPDATE! UPDATE! …it turns out the coins are coming out…what did you see this month? Articles about coins …this is the month of March where they are educating them IMO. In the month of April IMO is where they are going to show them…new small category notes, with a new exchange rate and coins.
[Iraq boots-on-the-ground report]
FIREFLY: The news keeps talking about fils and about the new lower notes and why it’s going to help the citizens. They keep explaining the meaning and how it’s going to give us purchasing power and how we will be able to make change…they also keep talking about, ‘Hold onto your dinars’...
FRANK: The monetary reform education continues to march forward...I strongly believe March is where they will tell you all about the new currency and the new exchange rate and the coins
FRANK: And IMO April is when they will show it to you and give it to you in your hands. These are exciting times that they are presenting to you because they are constantly reminding you on TV Channel One…hold onto your dinars because they will soon have value with your lower currency notes and fils. All of that screams a 1 to 1 exchange rate with the American dollar to soon float in an international basket with the Iraqi dinar being the currency power because they will be a currency hub.
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Clare (KTFA)
Article:
“Advisor to the Prime Minister: Iraq’s economy is strong and moving towards improvement“
Quote:
“Salih reassured the Iraqis that Iraq’s reserves are sufficient and freedom of transfer is available through legal frameworks and compliance, as imports are made at an exchange rate of 1,300 dinars to the dollar, which gives strength to the Iraqi dinar… The central bank’s reserves today are around $115 billion, which is the largest reserve in the country’s history.”
Article:
“Al-Alaq: Central Bank packages contributed to the stability of the dollar exchange rate“
Quote:
“Ali Al-Alaq, announced the stability of the dollar exchange rates after the three packages launched by the bank during the last period...The central bank’s reserves depend on oil revenues through the sale of oil, as it is the source of foreign currency reserves that come from Iraq’s oil exports. It is the main factor in determining the reserves,” noting that “the central bank’s reserves are within international standards.”
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MilitiaMan (KTFA)
In the final stage, what we’re expecting is the education of the citizens. On the street we’re hearing that the citizens have been told about new things that are coming and it has to do with their currency. Not money but currency.
Earlier today the Central Bank came out. Alaq says they have those 3 packages they launched to create an environment that stabilized the dollar exchange rate...he says the amount of reserves they’ve acquired from the oil sales is astonishing…about $115 billion…He’s basically stating those central bank reserves are within International standards. That’s a big thing…having a massive foreign reserves, plus the gold, it supports the value fo the currency and it brings on stability…
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MarkZ
[via PDK]
My guesses or hunches: We are seeing a lot of scrambling as if they are preparing and trying to go between April 1st-3rd. It actually would not surprise me if we got notices today. It would not surprise me if we got notices in 3 weeks. …it appears that 3 day window is in their targets. So my hunch is somewhere in there. But this is just a hunch.
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Pimpy
Is the IQD on life support? Yeah it is…Currencies around the world are being crushed right now by the US dollar. That’s a fact. Not to mention the fact that on the open market/black market rate…at one time was 1750 dinars. It dropped down to 1500 which is a good moment but…1300 dinars for every dollar is the official rate. I think one of the ways to combat that would be to continue to increase the value of the IQD. Move it from 1300 dinars for every dollar down to somewhere around 1050 dinars for every dollar. It’s a huge jump. It’s big. It’s not small. That’s big.
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Samson (KTFA)
Article:
”The U.S. Senate voted overwhelmingly…to push forward with legislation to overturn two decades-old mandates to wage wars in Iraq as Congress seeks to reaffirm its role in deciding to send troops to fight…The vote ended with a score of 65 to 28, more than the necessary 60 in the 100-member Senate, paving the way for a vote…”
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Sandy Ingram
The bank made an announcement that travelers in Iraq should come to the bank during business hours to exchange currency for U.S dollars. It appears the money shortage of Iraqi dinars is over especially since Iraq will be paying its debts to Iran using another currency other than U.S. dollars.
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Bruce (The Big Call)
[via WiserNow]
It looks like we’re in position to get this thing started for us between Wednesday and Friday…is what we’re getting from one of our best sources…It’s looking very solid for us… We’ll see what happens…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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