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Dinarland Highlights – 4.1.23
Bruce (The Big Call)
[via WiserNow]
...it appears that the kickoffday for this could be somewhere around the weekend, Saturday, Sunday, Monday. It could be if we don’t get started on Saturday, for example – It may defer to Monday…money is really supposed to really be flowing on Saturday, April 1st…I think we’re in a really good place…
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MarkZ
[via PDK]
I know people who helped set up centers in banks …You can call them redemption centers or you can call them banking locations set up logistically to handle exchanges…the terminology is different but they are the same. You can call it whatever you want to call it. I know there are places set up to specifically handle this.
…on the RV side…I have never seen so much overwhelming stuff out of bankers during this whole process. Yes, they have been upbeat before…but right now they are losing it…in a good way…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Bank friend thinks it might not float but go straight to $3+
FRANK: I heard about that rumor…it’s stupid. It has to float. Mathematically they need to float…Either way we win…
Article:
“The US Senate supports the repeal of authorizations for the Iraq war”
THE AMERICAN SUPPORT NOW COMES TO AN END AFTER TWO DECADES… BECAUSE THE MONETARY REFORM HAS MATURED THE IRAQI CURRENCY… IRAQ DOES NOT NEED ANYBODY’S HELP!
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Pimpy
Article:
“Central Bank: Dollar will gradually fall within two days to reach official rate“
This article I find very interesting…this person was able to pinpoint an actual time when the gap between the official rate and the market rate would be closed…it looks like it has fallen. You get 1461 dinars for every dollar compared to where it was – 1700 and something…the market rate is indeed going down. This is good. We want that number to shrink…I would love to see that sucker continue to drop, drop and drop…
The market rate is ridiculous. One of the ways they can combat it is to revalue the Iraqi dinar. But that would take it from 1300 dinars right back to where it was before…1100 dinar. Maybe even as low as 1050 dinars. By doing that it’s going to strengthen the Iraqi dinar while at the same time closing that gap when it comes to the black market.
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Clare (KTFA)
Article:
“Al-Sudani’s advisor identifies the reasons for the decline in the parallel price of the dollar in the Iraqi market”
Quote:
“The Central Bank’s window sales began to touch their previous normal rates of sale, to reach approximately $200 million per working day in the foreign currency auction, which is a very stable level of sales to meet the market demand for foreign exchange…the price differences between the official exchange rate of the dinar against the dollar and the price equivalent to it did not widen, but there are strong signals towards contraction…especially the decline of the dollar in the parallel price…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“
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MilitiaMan (KTFA)
Iraq’s reserves are sufficient. They have the freedom of transfer. They have the legal frameworks. They’re in compliance. All of these things are effectively giving strength to the Iraqi dinar. To my thinking, and to some others, at some point in time they’re going to have to make another adjustment to their exchange rate to be internationally compliant and finish the final process…
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Nader From The Mid East
This is coming from my friend in California . He’s giving you a message. He said they start implementation. They’re going to straighten out the dollar. They said a couple of days, yesterday so it should be today or tomorrow you should see the difference a little bit…
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Deepwoodz (TNT)
Article:
“Central Bank: The dollar began to decline continuously”
The float?
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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