Dinarland Highlights – 4.15.23
Bruce (The Big Call)
[via WiserNow]
…we’re getting pretty good information about what happened here…with delegations from Iraq that were here and negotiating with some of our key people…they were able to finalize negotiations on the Iraqi dinar that we will see on our bank screens, including the one that is considered the contract rate…By the way, they [the rates] are very good…There is NO contract rate on the dong…But if that rate I heard is still there…when we go in, it’s going to blow us away…
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MarkZ
[via PDK]
Member Comment: I was told Iraq banks will be open all weekend.
MarkZ: Yes… I have heard that too. Even with it being Ramadan…that is very unusual. They are usually closed Fridays and Saturdays and reopen on Sundays.
Breaking News! 2nd budgeting reading tomorrow in Iraq!
Article:
“The House of Representatives will hold a session tomorrow, Sunday, for the second reading of the budget bill.”
…they are done…just simply watching them play out. This is BIG news guys. Everybody had been concerned that this was put off until after Ramadan.
“Central Bank: There is harmony between the Iraqi government and the bank in the process of reforming the banking sector.”
When they say “the bank” they are referring to the World Bank , UN, IMF. There are multiple articles out about the meetings . This to me is huge. They are running all these articles to give confidence to the dinar before the reinstatement. A lot is occurring in Iraq and it is exciting.
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Sandy Ingram
Article:
“Iraqi delegation meets with IMF, World Bank officials in Washington”
The World Bank and the IMF!
Quote:
“…Iraqi delegation included the CBI’s governor…and the Iraqi Minister of Finance…”
This meeting did not make headlines but was tried in the news feed from two days ago. Not sure if this meeting really has to do with the existing exchange rate or future proposals. All I can say for sure is something is going on.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: It’s been a massive campaign. Day after day all they do is talk to us. They talking about how private sector will be growing with a boom and also how the dinar is stronger than the American dollar and to only use the dinar not the dollar.
FRANK: …That’s a powerful statement from those that you are supposed to only listen to. The CBI just told you the Iraqi dinar is more powerful than the American dollar? On what planet? They are trying to tell you that you have a new exchange rate on your new national currency. Congratulation son!
Article:
“Iraq revives its tea plantation in Vietnam and discusses its development”
THE IQD & THE VND ARE INTERESTING.
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MilitiaMan (KTFA)
If you looked at the pictures in the public eye between Brian Nelson [US Department of the Treasury] and the Central Bank Governor – both those guys are grinning like Cheshire cats. It’s pretty big.
Al-Bawi says it’s likely the dinar will recover from its fall to the dollar with that approaching budget. The expectation is with what they’re doing, the dollar is going to be bye-bye – it’s going to go away...because they’re removing the dollar from internal usage. That means they’re telling everybody all goods and services have to be in dinar.
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Henig (KTFA)
Article:
“In preparation for holding her accountable. Central Bank: Recording a list of complexes and companies that are not committed to the exchange rate”
Quote:
“The Central Bank issued three circulars obliging the owners of residential complexes and companies at the official dollar rate and pricing in Iraqi dinars…we sent the list to the Investment Authority to hold it accountable…all providers of services and goods inside Iraq must adhere to the official exchange rate and be dealing in local currency,”
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Pimpy
I came across this older article about the Iraqi dinar…
Article:
“Saddam winning out over dollar”
Quote:
“The Iraqi dinars bearing the former dictator’s image soars in value against a dollar in recent days.”
You might see these same headlines here shortly.This is from May 22, 2003.
Quote:
“Is a currency posting the biggest gains against a dollar in recent weeks isn’t the Euro or the Yen, it’s the Iraqi dinar…Baghdad says the dinar’s value is soaring reversing a slide that had accelerated during the war. The Baltimore Sun reported that 2 weeks ago $1 could buy 2,000 dinars…”
That’s worse than where the dinar is today.
“But this past week a dollar was fetching just 750 to 1100 dinars per dollar…“
You’re looking at a 62% increase. I don’t know about you but I wouldn’t mind the value of the dinar increasing up to 750 dinars than where we are right now. That’d be really nice. Still not where we want it to be but definitely a lot better than where it is and where it was…the number we want to continue to decrease is the amount of dinars per dollar…I’m telling you we’re going to see articles like this pretty soon.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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