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Dinarland Highlights for May 9, 2023

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Dinarland Highlights – 5.9.23

MarkZ

[via PDK]

Question: Do you think Vietnam will go the same time as Iraq?

MarkZ Answer: Yes I do.

…They are cracking down on any leaks right now. So getting any solid info is difficult right now. Based on the movement they are in the position for them to pull the trigger at any moment.

…I have been hearing fantastic things throughout the day.  Especially from the groups who appear to be starting their process. I am waiting for someone with money in hand. Even my SKR group said today to “make sure my ID’s are current. This is it. And we should be giving you instructions on your SKR within the next few days.!” …This is awesome news guys. Im exhausted but excited …We don’t know if its this week or next week.

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MilitiaMan (KTFA)

If these demonstrations happen tomorrow which is going to be Tuesday, I’m feeling that since Al-Sudani came out tonight, he may have tamped that down. Because why? …Because he’s the one that said the dinar was going to be stronger to the dollar.  I think the citizens believe in him and I think he wants to live up to that expectation…If they take to the streets it could be serious, it could also be something that’s celebratory.  We’re going to have to watch and see…

These guys are not stopping with this point-of-sale equipment.  Whether that’s going to be…swiping a card in a machine while you’re at the gas station, with the grocery store or it it going to be at the ATMs in country.  Word on the street is that there’s things coming, different changes.  Hopefully we’re going to be part of all that.

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Clare (KTFA)

Article:
Improving in two directions. The dinar continues its recovery journey against the dollar

Quote:
Saleh…the reason for the low exchange rate of the dinar during the last period of this year is not economic, but rather an international administrative restriction, as the United States imposed restrictions on the entry of foreign exchange into the country.  Washington has placed restrictions on the movement of foreign exchange entering Iraq, because of its suspicions that 80 percent of these remittances go to unknown destinations.”

Article:
Discontent with “procrastination” .. Iraqi employees renew their demonstrations to adjust the salary scale

Quote:
We demonstrated today in Tahrir Square in order to implement our demands, which is to amend the salary scale to achieve justice among all employees…recently, the employees heard that the government has no intention of amending the salary scale and increasing our salaries.

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Walkingstick (KTFA)

[via Frank26]

{CBI’s private bank meeting minutes continued}

[7.  IMF, AMF, EMF rolling in again]

International Monetary Fund, Arab Monetary Fund and the European Monetary Fund these three are escorting the Iraqi dinar, the central bank’s new exchange rate and their new currency to the International platforms, to the world.

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Pimpy

In case you’re wondering why it is that they might change the exchange rate… – To have more purchasing power.  If they’re importing a lot of goods…this would help the people stretch their means out.  This would allow them to purchase things a little cheaper because the purchasing power of the dinar would be a little bit stronger…

I’m concerned to see how the Iraqi dinar is going to respond to the .25 hike in the Fed’s interest rates.  Usually foreign currencies take a hit.  I’m not sure how this is going to affect the Iraqi dinar.  I’m watching to see if there’s any kind of real dramatic change in the exchange rate.  Will the US dollar gain purchasing power over the Iraqi dinar?  We know the Feds plan on making a change but I’m curious to see what will happen to the Iraqi dinar because of it…

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GameofPatience

Iraq is implementing new banking reform steps IN JUNE to control their citizens and their money (POS, Cashless, Financial Transactions in front of their government)…These steps in June REQUIRE their currency to be TRADEABLE & RECOGNIZED AROUND THE WORLD.  Didn’t Iraq recently state the back wall for the budget was at the End of May (3rd reading comes after the rate change)!

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Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Bank friend says he thinks they are finishing up all the loose ends and soon we will see a change in the rate.  He personally think with everything in dinars now it’s so close and that we probably will start at $1.50 and float but who knows it could be more…

FRANK: I agree with him 1000%.  He is spot on.

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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