______________________________________________________
Dinarland Highlights – 5.8.23
Mountain Goat
The three zero notes will coincide as legal tender even after the reinstatement and rate change. The process will suck up most of the larger notes out of circulation prior as they would be worth more than the dollar. I hear the CBI will give the citizens time to turn them in for a conversion rate. But even afterwards they will still remain legal tender. Remember that Iraq is not redenominating due to hyper-inflation, but rather due to a revaluation because they are so rich, not poor….Enough said…
______________________________________________________
Frank26 (KTFA)
Article:
“Al-Sudani: The official dollar exchange rate will prove our financial situation is the best compared to previous years“
THE FINANCIAL SITUATION IN IRAQ IS THE BEST COMPARED TO PREVIOUS YEARS BECAUSE THE PROGRAM RATE IS NOT THE OFFICIAL RATE OF THE NEW NATIONAL CURRENCY OF IRAQ.
[Iraq boots-on-the-ground report]
FIREFLY: Asked bank friend what is the CBI governor talking about [Parallel rate talk]. Bank friend said it’s all about stability. The dinar will be strongest ever when its parallel to the street rate. This is the best time to do a rate change – at a stable point. And since we already de-pegged from the dollar we are at a point of no return and it must happen. The deleting of the zeros will be coming. We are way ahead unlike before.
FRANK: I have to be careful of what I share with you…your bank friend is 1000% correct.
______________________________________________________
Pimpy
Article:
“Baghdad and Washington emphasize support for Iraqi banking reform efforts“
What gets me is how close Washington is really paying attention to how quickly Iraq implements all the reforms necessary to their banking system…
People are saying, ‘Could they change the rate Pimpy?” Yeah, of course they can. Until the final budget is out we know they had projected the budget at 1300 dinar. They could come out and say the budget has been approved…by the way the new exchange rate is whatever it is. That is a possibility but I doubt it. I do anticipate it going up in increments. We’re at 1300 dinars for every dollar. Of course I would love it at least to get back to 1190 dinars where we were prior to it being devalued…
______________________________________________________
Nader From The Mid East
I’m sure everybody already seen the article about the POS. Everything it’s digital. That’s a good thing. They’re trying to get the maximum money they can. They got a lot already…that’s the good news. POS systems in place. It’s working. Everything has been done.
Advertisement
______________________________________________________
______________________________________________________
MarkZ
[via PDK]
I am hearing from pretty much everyone that the window is wide open since this morning…and we are in a prime spot for them to announce it within the next few days. I am hearing a lot of excited chatter and trying to “Vet” and confirm it before I tell you all what we are hearing…everyone is exceptionally positive for this week. But nobody knows the exact timing. I am expecting a very positive week…especially from Iraq…There is so many things happening right now. From movement in Iraq…The bankers are excited…so many things are coming into a perfect storm right now.
There is a lot of chatter that Iraq has been given a 3 day head start before they announce to the rest of the world that the RV has gone…That is a possibility as I am hearing a lot of chatter from a lot of plugged in people about this. But not from a few key people I listen to. I just don’t think they could keep it under wraps that long in today’s connected internet world. Remember Kuwait had a 10 day quiet period before the rest of the world found out.
______________________________________________________
Kaperoni
If and when the dinar does go up in value it will float. That means it will rise gradually over time as a result of Iraq’s economic growth and success.
______________________________________________________
Sandy Ingram
Article:
“Western Union expresses to the Central Bank its desire to expand its branches in Iraq“
This means we could possibly give Western Union Iraqi dinars to be invested in Iraq.Is that too far of a reach? …Do you think we will be able to use Western Union to purchase or send Iraqi dinars to Iraq for investments? Western Union certainly creates a reliable money trail.
______________________________________________________
Advertisement
______________________________________________________
Deepwoodz (KTFA)
Article:
“To monitor state funds.. Sami is discussing with the International Monetary Fund the application of the single treasury account”
IMF in the news, as well as Sudani with the UN boss lady. I love it when they talk to the IMF…This is huge. Iraq is getting serious. TSA = Treasury Single Account.
______________________________________________________
Walkingstick (KTFA)
[via Frank26]
{CBI’s private bank meeting minutes continued}
[6. Mining operation contracts rolling in now all paid in IQD only.]
The mining contracts that are staying in line are willing now to be paid in Iraqi dinar. That’s a powerful reason for a new national currency and a new exchange rate that is coming IMO very soon.
______________________________________________________
Clare (KTFA)
Article:
“Baghdad and Washington affirm support for Iraqi banking reform efforts”
Quote:
“Iraq announced the agreement with the International Monetary Fund and the World Bank to hold a “non-financial” program that includes the Fund providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.”
—
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
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
