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Dinarland Highlights – 4.23.23
Mountain Goat
A government advisor confirmed, on Tuesday, that the parallel market for selling the dollar will witness a new decline during the next ten days and will come closer to the official price, indicating that transfers are currently taking place in an easy and accurate manner, after the agreement with the American side. It is a slow decline but it is happening.
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Frank26 (KTFA)
[Referencing the Instagram post and news articles from the other day]
THE 1.5 TO 1 IS…TRUE.
Community Question:
“Can someone please tell me what the 1.5 to 1 means?”
THE 1.5 IS THE NEER (Nominal effective exchange rate – a measure of the value of a currency against a weighted average of several foreign currencies. ).
[Iraq boots-on-the-ground report]
FIREFLY: Bank friend…said what you are seeing right now is the battle to get the official exchange rate and dollar to close the gap between the two of them. When this gets to a number that they want whether it be 1100 like reports say or 1000 we will then see action of the deletion of the zeros and the lower notes and the fils. All of this will appear…All goods and services have already gone to dinars. We have no choice now. ATMs full of dinars. It’s all set up.
FRANK: That’s exactly right…you are about to receive your national currency. They’ve already put you on alert for it, with coins and a new exchange rate. These are exciting times.
I said this is going to cause a problem. They’re forcing them to only use the dinar. The American dollar had some value but the Iraqi dinar has no value. You’re at the crossroads of the CBI’s monetary reform. Your prime minister and governor of the CBI are very close to removing this financial pain that the Iraqi people are suffering…
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MilitiaMan (KTFA)
Al-Sudani said, ‘now’. That is a very key point to where we’re headed. He comes back a little bit later and he said the dinar is going to be a little bit stronger. He implies 1.5 times. Be careful how you think about that. Some of the folks out there seem to think that means it’s $1.50 but…he’s talking about the official exchange rate – 1310 [which equals approximately] .00076336…But when he says 1.5 times that’s a totally different equations because currencies are valued by reciprocals…what’s 1.5 x .00076336? Turns out to be about .0015405…
It’s getting a little bit quiet in the news…It’s an indicator that quiet time sometimes is good…Al-Sadr is being quiet…he’s for the people…riots in the streets…we don’t have those anymore…He’s not yacking that means things are going good..
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Breitling
What is Iraq’s #1 goal? They’re sitting so good it’s unbelievable because…their goal is to get more customers, sell more products…Think Iraq Inc. the company. And there is nothing but multiple doors in front of them. They can do it in oil. They can do it in natural gas. They could even do it in gold if they wanted to. They can trade in the US dollar. They can trade in other currencies. They can build a massive foreign currency reserve with other currencies. They don’t need the US dollar. They want it because we’re the big boys on the block…But they can trade in other currencies. It will diversify them.
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Walkingstick (KTFA)
[via Frank26]
…The next step in the monetary reform process is to display the national currency and the coins because they have been talking about it for a few weeks now. The citizens are ready. That’s why the CBI has put the tender request out – print more now. You will see this on the CBI website, then the education will explain the value, the design, the description. The History of the country will be on the new currency and they will explain all of this to the citizens. They will show them the colors of all the different denominations…security features of the new small category notes…It will not be a celebration but it will be known to the International world that the Iraqi dinar has now joined them.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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