Dinarland Highlights – 4.27.23
MarkZ
[via PDK]
Article:
“Iraq supports OPEC’s approach to selling oil in foreign currencies instead of dollars”
Quote:
“…this step will support the economies of all oil-exporting countries…OPEC countries are currently heading not to deal in US dollars in oil transactions, and that dealings will take place in any local currency.”
This is very big. Another huge piece is “Depositing the sum in Americans banks for oil sales is no longer a condition” Every time they tried to move forward and RV they hit a brick wall because the US was controlling all their dollars. This is absolutely huge You guys should all be excited.
…I talked with some folks in Iraq …They are telling me that not only is…everything is done…but they are now asset backed and just waiting to release their value. The information coming out of Iraq the last few hours was very positive… That they told me they are now asset backed …well, I am very excited about this news.
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Clare (KTFA)
Article:
“The Iraqi Trade Bank issues a statement regarding foreign remittances“
Quote:
“customers of the Iraqi Trade Bank from Iraqi private sector companies can make foreign commercial transfers through the platform of the Central Bank of Iraq to all countries of the world through the bank’s branches through their accounts opened in Iraqi dinars.”
Article quote:
“The selling price of the dollar reached 141,000 dinars, but the purchase amounted to 139,000 dinars for every 100 dollars, which is the lowest level the dollar has reached to enter within the range of 1,300, since the price of the dollar was changed in late 2020.“
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MilitiaMan (KTFA)
Today we are heading towards open trade. That’s huge…
Article quote:
“A statement received by the news today that customers of the Iraqi Trade Bank from Iraqi private sector companies can make foreign commercial transfers…to all countries of the world…through their accounts opened in Iraqi dinars.”
Powerful statement …effectively international…Why didn’t they do this 6 years ago?
Article:
“The price of the dollar against the dinar is at its lowest level in two years“
The dinar is moving in the right direction.
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Goldilocks
I just heard from our CBI Banker contact that the articles as of late are true. Iraq has been placed inside the Swift System and their Banks have been given the green light from the Trade Bank of Iraq to do foreign currency exchanges in their local banks. No rate has been cleared for takeoff just yet. Based on information I am still receiving daily from the banking system and CBI contact, I do not expect anything to happen this week. We are close.
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Frank26 (KTFA)
Article quote:
“Sudanese advisor: Foreign currency reserves are high, safe and at comfortable levels“
THE NEW NATIONAL CURRENCY IS ASSET BACKED & POWERFUL!…THE MONETARY REFORM IS VERY COMFORTABLE WITH ALL THE BACKING OF THE NEW NATIONAL CURRENCY…
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Mountain Goat
…we are moving very quickly to the end of this long RV saga. I only hope you are prepared …about the amount of your investment in the dinar. Remember when they do change the rate there is no turning back as investors. You will NEVER get the IQD again for 1/6 of a penny and exchange it for upwards of $3 and some say the speculation could go as high as $9 before they cut it off on a managed float. I am told by my CBI contact they intend not to let it go crazy and over speculate as was done when the Kuwaiti dinar was reinstated.
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Suzie (TNT)
We’re getting all kinds of good news about the rate change coming soon, Iraqis’ hold onto your dinars for the new value, etc., etc., but we’re heading into May EID over, no pictures of the nscn’s yet and companies pouring into Iraq to do business, but…why and how companies would pour into Iraq IF they didn’t know what the dinar’s going to be worth??
…If I was a contractor and bidding on jobs I would want to know my costs and how and what I’m going to be paid going into it or why would I want to do business? So…do they know something we don’t, or…they could do the 1 to 1 with the stroke of a pen if they’re really in that big a hurry to join the international world as they say they are.
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Walkingstick (KTFA)
[via Frank26]
The rate will only go up from the start. It will be a constant increase…they have been telling the Iraqi citizens your currency will have more value than the US dollar… they’re putting out right now 1.5 to 1. That will be $0.67.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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