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Dinarland Highlights – 4.9.23
MarkZ
[via PDK]
Over the last couple of weeks think about the progress we have made. The banking reforms…The revalue of the dinar to 1132 (not as big as we want –yet) de-dollarization, Approval of the HCL (We have been waiting for this for 15-20 years) We have seen the budget, the re-introduction of coins. Why in the heck do they need coins and lower denominations unless they were about to do a serious revaluation? We are watching tremendous changes.
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Frank26 (KTFA)
Article:
“Report: The drop in the exchange rate of the dollar in Iraq because Iran stopped buying it from the black market”
NO! IT DROPPED BECAUSE IRAN COULD NO LONGER STEAL THE IQD THROUGH THE CBI AUCTIONS! THE MONETARY REFORM STARVED IRAN!
Question:
“What do you think the ceiling of the float could be?”
IMO $4.25.
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Nader From The Mid East
This morning I heard something made me very very happy. It’s been a week since Iran stopped buying dinars on the black market. Why? Because each time they bought…dinar they lost money. They lost almost $500 million. That’s why today you see the dinar is up again …2 or 3 countries who’s used to buy the dinar on the black market they can’t anymore because they’re losing money…
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Sandy Ingram
If the IQD reinstates to 1 to 1 US dollar many of you will be cash rich immediately minus the quarter of a million dollars you will have to pay in taxes – especially if you do not have a tax plan. If the currency floats to .25 to the US dollar many of you will have a nest egg to begin your wealth building.
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Henig (KTFA)
Article:
“Report: Dollar exchange rate drops in Iraq as Iran stops buying it on the black market“
Quote:
“the Iranianauthorities found themselves forced to pay 400 out of every million dollars to obtain the currency, which caused them significant economic losses and forced them to stop illegal purchases of dollars from the Iraqi black market … Iran’s suspension of purchases, raised the levels of currency in the Iraqi market significantly, stressing that exchange outlets and private banks that used to keep large amounts of dollars withdraw them from the Iraqi market in favor of Iran, found themselves owning large quantities of US currency without the presence of many buyers after Iran stopped purchases…Iran stopped buying dollars from Iraq a week ago…”
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Walkingstick (KTFA)
[via Frank26]
There are many articles that are coming out saying the official exchange rate of the Iraqi dinar right now is at 1132. Even though it’s not posted doesn’t mean it is not. They are using that rate. They don’t want people profiting from the exchange rate anymore…they want a parallel exchange rate to match the official exchange rate. No more dual exchange rates…
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MilitiaMan (KTFA)
The talk of exchange rate volatility between the parallel market and the official rate it’s been in the news quite a bit. I think there is probably one fix for that and I think it’s pretty obvious but they’re not openly talking about it. I think that is an exchange rate change in a quantum leap way. Those are the words they are using. They’re using ‘speed’…’accelerated’…’accurate’… ‘expedited’… ‘quantum leap’ …it’s an educational process so it’s good that we see that kind of stuff.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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