Dinarland Highlights – 6.14.23
MarkZ
The delete the zeroes…getting rid of the zeroes means increasing the value…putting out lover denom bills…it does not mean taking a 25,000 note and making it a 25 note…
Member Question: What is your take on PPN Dallas saying he got an internal memo from Chase bank to all wealth managers?
MarkZ Answer: I got sent that memo several times as well…that they are expecting a lot of new millionaires over currency stuff…. I think it is accurate. I think it is true. I just don’t know what it means for us on timing. But, our best days are ahead….
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Mountain Goat
…what took place these last 4-5 days culminating in completing the passing of the budget, getting it ratified and in the gazette…is important not because the RV rate is in it because it will NEVER be in the budget…The rate used in the budget is $IQD 1300 per 1 $USD certainly not the rate we are looking for…this rate is NOT important and this rate is “flexible”. I assure you that the reinstatement if [is?] going to happen and is just around the bend…I am still under the timing of quite possibly going to the bank sometime this week. I would be VERY surprised if we don’t. But remember if we don’t, it will still be VERY soon.
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Frank26 (KTFA)
Article:
“International Monetary comments on Iraq’s budget and re-warns of “inflation” in the currency“
INFLATION IN THE CURRENCY! SOLUTION; NEW EXCHANGE RATE!
I gave you a formula. Kurds = HCL = RI. That’s it. Are the Kurds happy? They sure are.
Everybody, everyone, all banks around the world, they’re not s----d. They’re not throwing their money in a bottomless pit. They’re throwing it in a county that is about to have a monetary reform explosion and you’re seeing the shadow of the monetary reform explosion. And you know what that shadow is? The economic reform…the shadow of the economic reform is growing so big…that’s why you should feel good, even with a recession looming over Iraq…the United States of America. There is a rescue…
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Kaperoni
This is a very good first move for Iraq now that they passed this tripartite budget. It gives them a 3-year window to begin to diversify away from oil.
Iraq truly cannot become the economy they want until they have created the conditions. This takes work…The passing of the budget to be some significant event for an RV. Not true! Monetary policy is not a random act. Until Iraq diversifies their economy and begins to have significant Improvement in their GDP nothing will happen with the dinar.
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Pimpy
There was a change to the exchange rate. Yes you heard it. They changed the Iraq exchange rate. Sure enough it was in there and yes it went in the right direction. Article quote “…the budget set the exchange rate for oil revenue in US dollars at 1300 dinars per dollar.” So we shaved another 20 dinars off the exchange rate. I know 20 dinars is not that big of a deal but anytime we’re taking a step in that direction I’m going to celebrate it no matter how small…Keep removing the amount of dinars you get per dollar, that’s what we want…like I said it’s going to happen in increments. Hopefully a much bigger step next time but I’ll take it…take the W and be happy with it.
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Walkingstick (KTFA)
[via Frank26]
The exchange rate can be flipped liked that [snap]. 1320 to 1300 – you didn’t even see it. If they want to go from 1300 to whatever other rate like that [snap] it can be done and it shall be done and it will be done. It is a fact even though this fact is IMO. The exchange rate can be flipped quickly because the RV calculation phase already has the numbers for the budget at any moment.
We’ve told you many times there’s an announcement on the [New Iraqi] ATMs to the citizens basically saying, ‘Hey, look, these ATMs right now are closed but coming soon you to you Iraqi citizens they will be open to you.’ They are not activated. They are not turned on as of right now.
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Babysmom
THE PRESIDENT OF THE REPUBLIC HAS NOT SIGNED THE DOCUMENT. HE MUST SIGN THE APPROVED BUDGET IT THEN GOES TO THE GAZETTE FOR PUBLICATION. HOWEVER THE CBI CAN CHANGE THE RATE ANYTIME THEY WANT. THE PRESIDENT OF THE REPUBLIC HAS 15 DAYS TO A FIX HIS SIGNATURE. THE PRESIDENT OF THE REPUBLIC IS STILL OUT OF THE COUNTRY IN BOLOGNA [ITALY]. ON FRIDAY THERE IS A LARGE CONFERENCE WHICH WILL BE HELD IN I BELIEVE LONDON AND THE TITLE OF IT IS, “IRAQ OPEN FOR BUSINESS“. THIS IS QUITE GOOD NEWS…
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Bruce (The Big Call)
[via WiserNow]
…yesterday we got some information from some of our best sources that indicated that we would have notifications within a period within this morning…all the way to Thursday morning…It looks as though this will occur for us to get notified by Thursday morning…we believe for sure that redemption centers will be staffed from Thursday on for about two weeks…we’re just looking so strong right now… I’m very excited about where we stand…we’re just so close…
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MilitiaMan (KTFA)
JP Morgan one of the largest banking entities on the planet, worth about 4 trillion dollars didn’t come into Iraq to do business in a quagmire. They came to do business in a functioning government with a 3 year budget. That’s what’s got them motivated to come in and do international trade. It’s amazing and it’s a key sign things are happening. So all the folks out there that seem to think there’s no such thing as a reinstatement of the Iraqi dinar or no revolution in the future are highly mistaken…
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Paulette (KTFA)
The Budget is NOT law yet…Usually at least 7-10 days to be approved and signed by the President and then 3 days Gazette posting…The period of time after the President signs the Budget (likely next Thursday 6/22) and prior to the 3 day posting in the Gazette (likely the following Sunday, Monday, Tuesday 6/25-27) is a beautiful “window”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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