______________________________________________________
Dinarland Highlights – 4.29.23
MarkZ
[via PDK]
Now that Iraq is international…they can actually process exchanges…this is huge news today…I do know if they had their “druthers”, the time they would love to announce it the most would be early Saturday morning prayers so they can put it in the Gazette. I am not saying that is when it will happen…but we are circling over the target.
There are a lot of conflicting news stories coming out of Iraq. Part of the diversion to keep us guessing on timing…. Right now they are letting us know their legislative holiday is supposed to start on May 9th….BUT, if they budget is not done…they will extend this session until it is. We of course have contacts on the ground over there that say they have already passed the budget but have not announced it yet. That they are waiting to execute it because they are working on the exchange rate change. We were expecting this back and forth to happen at the end. Just like what they did in Kuwait. The morning of their revaluation they ran an article saying no rate change for 6-9 months then they did it that same day. This is the kind of news we are expecting to get.
I have started getting some notifications late last night and this morning that tier 1 is officially paying. I have a very good T1 contact and Im trying to get a hold of them to find out if this is accurate. If it is- that tells us that a cascade of events has sped up and we are on the cusp.
______________________________________________________
Clare (KTFA)
Article:
“A Sudanese advisor expects the official and parallel dollar prices to match within weeks“
Quote:
“We expect that, within a few weeks, there will be a match between the two prices, Saleh said to the Euphrates News Agency, noting that this match is if the difference between them is 2%, then it is considered a match.“
______________________________________________________
Frank26 (KTFA)
Article:
“A Sudanese advisor expects the official and parallel dollar prices to match within weeks“
Quote:
“We expect that, within a few weeks, there will be a match between the two prices,” Saleh said to the Euphrates News Agency, noting that “this match is if the difference between them is 2%, then it is considered a match.“
THE PLUS OR MINUS OF 2-3% IS DRIVING THE MONETARY REFORM.
I have a better idea of when to hold’m and when to fold’m. Because at $1.50 I’m already half way there to the $3 I was seeking. In reality I wouldn’t be surprised if this thing goes into the $4 range.
______________________________________________________
Deepwoodz (KTFA)
Article:
“A Sudanese advisor expects the official and parallel dollar prices to match within weeks“
If the official rate is 1310 then according to this article, they are looking to make the rate in the market parallel within 2%, that’s a net of 1336…They are in the process of controlling their rate, and it is obviously a slow but deliberate process, but they are controlling it.
Question is why is this important? It’s definitely not the rate anyone in Iraq or anywhere else is going to be proud of. So is it just the fact that they have the ability to manipulate it?Do they have to prove this to the IMF? I think maybe…
All indications from reading up on parallel rates are that this means the illegal or black market rate. Just like in Iraq …They are squeezing out the dollars. This eliminates the multi currency practice that goes against becoming article 8 compliant. I found it interesting that a country only has to notify the IMF that they will comply with article 8 to be article 8. Then simply comply.
Advertisement
______________________________________________________
______________________________________________________
MilitiaMan (KTFA)
Iraq’s new banking system is going to be all about them facilitating international trade…They’ve got their systems to the point where there’s internationally compliant…in compliance with the IMF regulatory requirements.
At this stage of the game…everybody should be smiling, going, ‘ Iraq ‘s finally coming to the open market.’ What we’re looking for is the Forex – the Iraqi dinar to be exposed to the international world at an internationally acceptable exchange rate. We’re probably going to see that, I would hope, any time. It’s pretty powerful stuff.
______________________________________________________
Walkingstick (KTFA)
[via Frank26]
The articles are not keeping up with what they are telling the citizens. Remember this education is for them. Not for us.
—
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Advertisement
______________________________________________________
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
