Dinarland Highlights – 4.10.23
Mountain Goat
Article:
“Iraq new date (2023) 5,000-dinar note (B354c) confirmed“
I thought Iraq was trying to get rid of these larger notes in the very near future with the project to delete the zeros? …The fact is even after the project to delete the zeros is completed, this is one of the 3 zero notes that will be used for inter-banking transactions between countries who want to trade in hard currency transfers. These notes will not be in general circulation on the streets afterwards.
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Frank26 (KTFA)
Article:
“A rapid decline in dollar prices in Baghdad and Erbil, and the Stock Exchange explains.“
THE EXCHANGE RATE CHANGE OF THE IRAQI DINAR IS DYNAMIC RIGHT NOW, AS IT PREPARES TO FLOAT.
Question:
“Is there one thing that worries you about the monetary reform?”
Yeah. That it’s coming. I mean that sincerely…now that it’s here on the doorsteps knocking on our door. They’re soon to open that door and I’m concerned about how people are gong to react with this money…I’m worried about how this money is going to affect you.
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Clare (KTFA)
Article:
“The dollar continues to decline in Baghdad and Erbil“
Quote:
“the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded, at 1:00 pm, 146,500 Iraqi dinars for 100 US dollars. While the prices this morning were 147,950 dinars for 100 dollars.”
Article:
“Iraq is on the way to achieving the second rank in the Arab world with the largest GDP growth in 2024“
Quote:
“the World Bank expected that Iraq would achieve the second rank in the Arab world, with the largest growth of gross domestic product, during the year 2024…Iraq’s gross domestic product is expected to grow during the current year 2023 by 2.8%, after it achieved a growth during the year 2022 of 7.9%”.
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MarkZ
[via PDK]
On the RV side- you can hear a pin drop in most of the financial locations…all across the board. They are waiting quietly. …We need to stay patient today.
…A lot of smoke has been hitting today. They do not want anyone to guess the exact timing…they are floating later dates like May or June on purpose. They need to hide things now because they are on a short timeline to get things finished. Don’t get upset when you hear these kind of things today. They are throwing a lot of dates out there on purpose. My folks are still excited though …they are still hearing great things. I was even told to “not” reassure you people as much anymore…that want us to be uncertain of the timing right now…on purpose. But, I am especially encouraged after some calls and some back and forths today…I am going to leave it there.
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Nader From The Mid East
You should see how many people are changing their dollar to dinars. They’re selling the dollar to dinars. This morning [Sunday] it was crazy in the stock market …the market was at 1470 I think and everybody scared to lose their money so they changed the dollars to the dinar. This I was impressed with. They know something is going to happen. They know something is coming so they switching their dollars to the dinar. It’s crazy guys.
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Pimpy
Article:
“A rapid drop in dollar prices in Baghdad, Erbil and the stock exchange shows“
The parallel exchange rate is dropping and getting closer to the official exchange rate…
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Suzie (TNT)
Well we’re a third of the way into April with this being the month to supposedly set to be shown the exchange rate and I’ll go with that as things SEEM to be happening quickly, but if the end of April comes around and still no rate change or pictures of the nscn’s, I may have doubts about their willingness to get this done as quickly as they report, just MY opinion.
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Henig (KTFA)
Article:
“The Romanian Ambassador to Nina: Iraq is a traditional friend of ours. It will soon become one of the most important countries in the Middle East.“
Quote:
“Iraq is located in a very active geopolitical region, and I think it will soon become one of the most important countries in the Middle East, and for the security of Romania and the European Union, it is crucial to have a politically stable and economically developed Iraq.”
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MilitiaMan (KTFA)
1132/1310 or whatever they tell you, [those rates] are not going to be international…improving the exchange rate of the dinar from 1460 to 1310 isn’t really doing them any favors when it was 1190….So when they say, ‘Monetary policy pursued by the Central Bank in its effort to improve the exchange rate of the Iraqi dinar,’ it’s got to mean something completely different…Article 8 compliance with the IMF is not at 1310. It doesn’t fit…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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