Dinarland Highlights – 4.26.23
I have talked about the CBI 2011 plan many times already. We are literally witnessing the execution of this plan right in front of our noses…So where are we in the 2011 plan? How close are we? We are VERY close. We could see the reinstatement before June or shortly afterwards.
The next phase of the plan is to change the nominal rate inside Iraq and issue the newer lower denominations and coins. I believe it will be around 1.50 dinar to the dollar.
“Sudanese advisor: Foreign currency reserves are high, safe and at comfortable levels“
“the foreign currency reserves of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country’s financial history, which are not less than balances (in foreign exchange and gold). between 110-115 billion dollars, and at the same time it constitutes a percentage (coverage) of the cash currency issued (and according to the current exchange rate) by about 130 percent, which is a high and safe coverage.”
CBDC…In case you didn’t know it looks like this July is when they’re gonna launch [the CBDC in the U.S.] …Everybody keeps asking me, ‘If we go to CBDC what does this mean for our Iraqi dinar?‘ That’s a good question because if they go to a CBDC does that mean we exchange our dinars in for the CDBDs? …How do we go about changing them? I don’t want anything to do with the CBDCs…I’m trying my darndest for you people to find out what we need to do for the Iraqi dinar as well as the Vietnam dong…
“Trade Bank of Iraq –Foreign transfer can be made through our branches through the Central Bank”
They can now make foreign transfers to ALL countries of the world through accounts opened in Iraqi dinars! The enormity of this means they are fully, 100% INTERNATIONAL!This is one of the key things we have been waiting for, Also in the news –the boots on the ground are reporting that the budget (as we speak) is being read and discussed in Parliament…for its third reading. Enormous news from Iraq right now. I believe it’s all done and we are just waiting for the countdown to finish now. This is awesome news to start our day.
Nader From The Mid East
“The financial advisor to the Prime Minister…Salih, confirmed on Tuesday, that foreign currency reserves are high, safe and at comfortable levels which are the highest in the country’s financial history, which are not less than balances …between 110-115 billion dollars…“
Very good article. They guy is the advisor of the Prime minister Sudani…Anything he says is true and it will happen 2 days later. I love this guy. I’ve been following him a lot. He’s the only guy I believe in all this mess.
[Iraq boots-on-the-ground report]
FIREFLY: They just came on Iraqi Channel One…he announced a new company that is going to be established and the purpose of it is to back the citizens with small deposits into banks. Just like your FDIC in the United States of America. They are telling us that they are backing our money and guaranteeing it in our banks if anything should go wrong with it we will get our money back.
FRANK: When did you ever see this? When did you ever hear this? How long have you been wanting to read these words? This is the definition of Article VIII! …This is huge. This is monstrous.
They keep telling you that it’s only a matter of weeks. Remember nothing is January, February, March – April is suddenly.
Salih, who is the Prime Minister’s advisor, came back with a really good article…Iraq is meeting all these things – Freedom of trade, freedom of capital and in compliance with all the international rules and regulations...He’s basically saying in this today, it’s already done…He’s announcing it. Maybe he’s kind of front running it. It’s not from Al-Sudani, not from Alaq but the bottom line is, his is the guy, an advisor, he’s on the board of directors of the CBI. This guys comes out and talks…Everybody should be listening…
There were two NEERs presented this past week. One of them was higher than 1 to 1. It was 1.5. The Prime Minister and the governor of the CBI are trying to explain to the Iraqi citizens their exchange rate in comparison to the American dollar. It’s all about the recalculating. It’s all about the accounting. It’s all about the numbers right now. The numbers right now are 1.5 to 1 USD is true. It’s in my option but true. The float can now start at 1.5 to 1.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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