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Dinarland Highlights – 6.29.23
MarkZ
[via PDK]
Article quote from Guru Nader:
“The federal general budget 2023 which is based on methods of financing the budget in Iraqi dinar in exchange for oil revenues in foreign currency mostly!!”
What they are screaming at you is “Dinar For Oil” program with the US …. This is how they will handle the revaluation…I went woohoo.
Lot of international stuff happening in Iraq- Which doesn’t make much sense for a country without an international currency. Article came out- “ATFX Launches operations in Iraq with Asure bank” They certainly act like they are international…It is clearly showing us where they are at and progress…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The CBI says the ATFX has been launched Today in Iraq for the very first time. It’s up and running. It’s online and it’s trading. It is a foreign currency exchange center.
FIREFLY: They are gong to be giving instructions on the budget all week prior to it going live after EID.
FRANK: This is the monetary reform education at its highest point…
FIREFLY: There is a dinar support committee working on changes to the exchange rate.
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Clare (KTFA)
Article:
“ATFX Launches Operations In Iraq With Ashur Bank Partnership”
Quote:
“UK-based online trading and foreign exchange company ATFX has announced the start of operations in Iraq, in partnership with Iraq’s Ashur Bank.”
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Pimpy
Article:
“With its entry into force A high source rules out budget challenge“
Even though the budget gets passed before it gets posted…members of parliament have an opportunity to challenge it but once it’s posted in the gazette that’s it. They expected some challenges but that did not happen.
To say they can’t function without a higher exchange rate is false. They have been functioning as a country without a huge exchange rate for 20+ years. That’s why the budget it done in trillions. They’ve already done the calculations necessary to do what they need to do in their country using the current exchange rate. Yes they could benefit from an increase in exchange rate but nothing supports the currency outside of oil…
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Walkingstick (KTFA)
ATFX, pretty good huh? This is not big. This is immensely huge…ATFX is an online exchange company that trades gold, silver, stocks, crypto, foreign currency, indices. This is impressive.
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MilitiaMan (KTFA)
We’ve all been waiting for the potential of Iraq’s currency to get to the Forex…ATFX is a global leader in online trading. They celebrated…today’s launch of its operations in Iraq…I think the Azure bank is going to be a market maker for part of this…They not only trade currency pairs but they do precious metals…energy…indices etc. Everything is coming to a head that they’re going to be able to do Forex trading. They are openly talking about it.
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Kaperoni
Iraq will not continue to live with a weak exchange rate. But if and when it ever rises, it will be based on their own economic growth. Not a random act.
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Yada (TNT)
the first line item of the approved budget is the ability to adjust the rate. NOW they are moving the funds to the appropriate ministries and once in place, they will reissue the rate because none of this change and progress will be completed with a program rate of 1300…
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KajunRedBull
The words for today, “Oil for Dinars!” …just an FYI, The ATFX is an international currency exchange that is open for business in Iraq today. Now as countries from around the world spend their money to purchase oil from Iraq they will go through this exchange to have their currency exchanged for Dinars to get the oil. This of course drives the value of the dinar up,Up,UP!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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