Dinarland Highlights – 5.3.23
“Al-Sudani meets with a German delegation and confirms the signing of the first batch of contracts with Siemans and preparations for the signing of the second batch of them.”
…Siemans is a huge company. And they are being paid in DINAR!!! This is very important.
“Iraqi dinar gains ground as US dollar exchange rate drops”
The dinar continues to gain strength and the dollar continues to lose strength in their local markets.
The CBI is meeting with everybody that you can think of…IMF, World Bank, US treasury is back again. It’s going on like crazy.
[Iraq boots-on-the-ground report]
FIREFLY: They are saying within a few weeks the street rate will be the same as the official rate…Street rate already getting at like 1390 and the official is 1310.
FRANK: Yes the CBI is shooting for 1310/1320 to be parallel with…Once they reach that next level you will see a drop even more, probably at 1100 or 1000. Remember they told you very clearly, it’s a gradual increase for the dinar and a gradual decrease for the American dollar to the point where it is no longer used in your country because you are about to have a new national currency with a new exchange rate and coins in order to be able to give change back.
Financial Inclusion includes you [dinar investors].
…back to the Dr. Shabibi days, when he was the director of the CBI, he told us that there must be stability and security for the “project to delete the zeros”... he told us the dinar must be stable. Part of this stability he said meant that it must stabilize at a rate matching the parallel market rate with a variance of only 2%…This was back in 2011-2012 folks… He was about to de-peg from the dollar and begin the project to delete the zeros when Nori al-Maliki corruption stopped it…So, once again in today’s news we have word of this same requirement… They have to follow the same plan. Only now they have already de-pegged from the dollar and much farther ahead, almost to a point of no return…
“Central: Paying the wages and salaries of foreign workers in Iraqi dinars“
Iraq divorcing the US dollar. CBI to pay foreign workers in Iraqi dinars.
This is all about what? Finance, Banking and Trade. That’s what they’re telling us so ultimately the whole situation that we’re up against in the next couple of days and this week has been and will be about training for the government officials, member countries…Institute for training and capacity building that’s their goal…
There’s really not a whole lot going on in Iraq. We keep monitoring it. We’re really just waiting for the budget to pass. Once it passes I’m curious to see what happens as far as their GDP is concerned and the growth economically…
Bruce (The Big Call)
This is this is probably the strongest Intel I think I’ve ever had in 12 years. So let’s go for it. Okay…so where do we stand with Iraq…They have a new rate, they have had a new rate. They’ve been doing exchanges inside Iraq for at least I think three weeks now. They are going to publish their new Iraqi dinar rate in their Gazette…They may have already done it on the online version…when they put that rate out for all to see, even us, United States…that means it’s a go for Iraq…that rate may show up on forex and they’ll be trading on the Forex with their new international rate.
“Najaf Airport: adopting dinars exclusively for tickets for passengers“
“We would like to inform you that the management of Al-Najaf Al-Ashraf International Airport has directed a decision that it is necessary to receive the sums due from Iraqi Airways passengers exclusively in Iraqi dinars and at the official rate of the Central Bank of Iraq”
Currency swaps are in motion with a number of countries right now. The IQD will be asset-backed before it hits Forex.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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