Dinarland Highlights – 6.4.23
Mountain Goat
…the IQD was over $3 USD per dinar before the 1991 invasion of Iraq…What does it reflect on the IQD today and since? …the Kuwaiti dinar [is] over $3 KWD per US dollar and they don’t have half the economy that Iraq has right now, never mind all the gold, oil, agriculture and other resources…So why do they keep pretending that it is the Iraqi economy that must first flourish to raise the rate of the dinar? …They don’t need to grow their economy or bring in investors to raise the rate of the dinar, as it is today. It is not about raising the value, as they tell us, as the value is already there and has not left, but instead raising the rate to reflect the TRUE value already present in the IQD.
______________________________________________________
Frank26 (KTFA)
Article:
“The Central Bank of / NINA /: Issuing a new denomination for the national currency is not on our agenda at present“
Quote:
“The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now.”
NOTICE THEY SAY THE NEW DENOMINATIONS FOR THE NATIONAL CURRENCY NOT FOR THE 3 ZERO DENOMINATIONS NOR FOR A SANCTIONED PROGRAM RATE!!!A 20K NOTE IS NOT PART OF THE MONETARY REFORM THEREFORE IT IS NOT NEEDED AT ALL.
I don’t know when they’re going to do this. But I know what they are doing and so do you. We’re not so ignorant. We’re not so blind to understand what they’re doing…
______________________________________________________
MilitiaMan (KTFA)
We believe the Central Bank is fully ready for the Forex system because that’s what they’ll be using to do international currencies. Let’s see how that happens and plays out because the retail side of it is when we are affected by it, not when the central banks are having their time with the currency…Our Forex opens somewhere around 5ish on Sunday. Hopefully we see something. We never know. Obviously anything can happen. We just go with what the information that we have in writing and some of our banking sources and financial resources…we glean…
They’ve been talking about the budget. It’s been a big deal. Some folks think it’s not important but interesting enough …about a week ago…we were talking about convergences and what we were talking about was the 2023, 24 and 25 budget coinciding with the USA debt ceiling…We thought they had a correlation and I think we’ll find out that it does or it seemingly will have an effect and has had an affect.
______________________________________________________
Pimpy
They’re concerned about the parallel rates. You have the fixed rate of 1320 dinars. But if…people are being offered much more dinars for US dollars, then they’re gonna turn around and go to the black market with US dollars, you can buy more dinars then go the bank and exchange them for US dollars…it just goes around an around and if the demand for US dollars increases and they’re willing to give you more Iraqi dinars for it, then Iraqi dinars lose value…They had spoke about stopping the use of US dollars in Federal Business and in big companies. It looks like they’re finally going to stop using US dollars altogether within Iraq which would be a smart move because that would definitely increase the value of your currency…
Advertisement
______________________________________________________
______________________________________________________
Clare (KTFA)
Article:
“After the International Monetary Fund warned… Iraq is on the verge of a major crisis, and time is running out!“
Quote:
“Time is running short for this government, and opportunities are beginning to diminish in front of it, and instead of preoccupying people with unimplementable international projects, it must focus on dealing with internal economic imbalance and c--------n with all its tools.”
______________________________________________________
Walkingstick (KTFA)
[via Frank26]
Let’s say for example the budget shows 1000 to 1 rate when they open it up…immediately the next day the CBI/government can push a button to change the exchange rate in the budget to 1 to 1.
______________________________________________________
Sandy Ingram
“This is What Happens the Morning the IQD Increases in Value Against the US Dollar“
[Series 5 of 5]
…The Iraqi Dinar floats to 25 cents to one IQD…if you have one million Iraqi Dinars and you decide to exchange all of your Dinars at 25 US cents for one Dinar, you would be looking at a profit of $250,000. If you are single, you would immediately be placed in the 35% Tax Bracket. Your taxes would be $49,335.50 plus 35% of the amount over $215,950. (2022- 2023 Tax Brackets). This does not include your regular salary, which is added to the $250,000.
—
Advertisement
______________________________________________________
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
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
