Dinarland Highlights – 6.25.23
BGG (Dinar Updates)
…the position I have come to understand over the last year or so… the biggest impacts on the value of the Iraqi Dinar would likely be… 1) Them using their own currency (exclusively), they are nearing this point now… 2) Them entering some “Brics type” alliance, as opposed to being so attached to the US…
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Frank26 (KTFA)
[Bluestar bank advice]
I highly recommend …when you go into the bank and you meet with the bank you want to get the cards of the folks who are the executive VPs…who are usually in a different area so when the exchange does occur you can build a team of folks that can help guide you through the process so you don’t squander what you end up getting.
[Iraq boots-on-the-ground report]
FIREFLY: CBI governor talking about the change of the dollar rate in the informal markets and what actions they are taking.
FRANK: You know what actions they’re taking. Article VIII, introducing a new national currency without the 3-zeros in the exchange rate…but where will it go up? They’re having an internal float. 4,000 – it’s now 1300. That’s a hell of an increase…they’re having an internal float to bring it to what? They’re up to 1300 to 1, to bring it to 1 to 1…How? With an external float.
Question:
“Do they need the security law?”
A security law for the purpose of sending the Iraqi dinar outside of the border thought the Security and Exchange Commission. To send it outside of the border to float…IMO the security law was passed by parliament while they were waiting for this budget…Everything is in its position. Everything is ready…
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Samson (KTFA)
Article:
“Government: The budget will be applied retroactively from January 1, 2023”
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Walkingstick (KTFA)
[via Frank26]
Question:
“Now that they have a budget what do you think is going to happen?”
It’s gonna blow everything up because that’s the plan.
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MilitiaMan (KTFA)
When they say they have a retroactive budget that means there’s contractors out there that are going to still want to get paid all the way back to the 1st of January 2023…To do that at 1310 you’re talking about an astronomical amount of dinar…If in fact they adjust the exchange rate…even to $1.00 it’s far cheaper to rebuild this country… The higher their exchange rate back to that previous era that they’ve said numerous times in writing…makes it even cheaper to rebuild…
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Pimpy
We know there is a fixed rate. We know there’s a parallel rate. If I’m looking at 1300 as the fixed rate but on the black market I’m getting like 1400 in dinars it might seem like something very small to us because it it but if you have people out there with the ability to purchase million of dinar…and then funnel them, they make a pretty good profit.
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Sandy Ingram
Based on news reports manufacturing seems to be Iraq’s middle name after oil exports…Iraqi Industries Union announced on Sunday that a plan has been presented to the Prime minister detailing how to reopen factories that are currently closed. The Iraqi government is taking this issue seriously and has expressed its eagerness to help restore industry in Iraq. Applications from potential investors have been accepted and billions of dollars are being invested. Neighbors including Qatar, Egypt and Jordon are all committed to investments in Iraq….
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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