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Dinarland Highlights – 6.2.23
Mountain Goat
Article:
“TODAY, JUNE 1ST THE CENTRAL BANK LAUNCHES THE ELECTRONIC PAYMENT PROJECT“
Just as they said they would. As you may know if you have been following this RV saga for years, that the CBI has wanted to institute this POS effort for almost 2 decades now. Finally its success.But why? Why now? …its because of the de-dollarization and the NECESSITY to do it now, yes the changeover of the currency.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They just came on television and they said we seek to expand banking and financial market in the International world.
FRANK: For the second time in a row they’re telling you about floating your currency. That’s what this is…yeah, go for it! Sounds good.
A new national native currency with a new exchange rate with, coins, with a purpose to float the new currency in an international basket...’There ain’t going to be no RI. We don’t have no RI.’ No we don’t have it right now but we have the proof that it’s coming. You have to be pretty ignorant not to understand the proof and the proof is in…articles.
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MarkZ
[via PDK]
We continue to get fantastic news that there is an expected breakthrough in budget conversations with the Kurdish region. Myself and others in Iraq are expecting the deadlock to break and be signed over the weekend. As of this morning my redemption center folks are expecting to have to work at least one of the 2 days this weekend. I think that is positive news.
In Iraq I continue to hear solid stuff with great expectations of the culmination of the budget battle tomorrow [Saturday] or early Sunday. From the banking side…my redemption center contacts are pretty confident they will work on Sunday. I don’t know what that means…will they be seeing people? will they be doing prep work?…will they be getting all the toasters ready and rolling out red carpets? …I do not know.
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MilitiaMan (KTFA)
Yesterday was a big day…they were talking about point-of-sale being activated…which now we know that’s the case…the Central Bank of Iraq suspended Western Union…That was a big deal because it’s money coming in and out of the country…This suggests the Central Bank of Iraq is in full control of their money.
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Clare (KTFA)
Article:
“The Central Bank announces the entry into force of the Cabinet’s decision regarding the use of electronic payment devices“
Quote:
“Cabinet Resolution No. (23044) for the year 2023 entered into force, represented by increasing the number of electronic payment devices (POS), which are used as of 6/1/2023 in government institutions. And the private sector to promote a culture of electronic payment and collection, and reduce the use of paper money in collection and commercial transactions.”
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Bruce (The Big Call)
[via WiserNow]
I was disappointed that we didn’t get notified…We had heard from some pretty strong sources that we should get notified…and it didn’t happen…Iraq…was to come out with their gazette version of the budget. And…they were to come out with a new rate…Well, they did come out with a new rate… They have it up on the screens and we see it on our bank screens…These aren’t back screens…These are front screen teller screens that these are available on now….And it’s moving up and I’ve already heard of the increase three times so far in two days, and it’s continuing to trade up and increase. Now – The great increase in the dinar rate is going to take place Sunday night when the dinar goes back on the forex and it can be traded up into higher regions.
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Pimpy
There’s a lot of questions being asked about what is the holdup. There’s a lot of rumors out there being spread one way or another that the big holdup is discussing what the exchange rate is going to be. That is not true. The biggest portion of it has to do with the oil agreement between Kurdistan and Baghdad – how the money is being dispersed…
Article:
“In one day..Central Bank of Iraq boosts gold reserves by about 2%”
Nice to see the Central Bank of Iraq booster gold reserves by about 2%…every time they add more to their foreign currency reserves and their gold reserves that exchange rate gets higher…this is a good thing.
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Walkingstick (KTFA)
[via Frank26]
Remember the exchange rate is a line item [in the budget] that can be changed at any time…when they open the budget the #1 issue to deal with immediately…it’s a priority, the line item that contains the rate for the budget…that line item…is numero uno…that’s what they are going to be dealing with right away.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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