Dinarland Highlights – 7.24.23
Bruce (The Big Call)
[via WiserNow]
…the funds that are moving for us…are in place at the banks. They did disseminate the funds from Treasury to have them available for us to go in for exchanges…our understanding is that everything, as far as we know is ready… rates are going up. We did get an update…and the rates are the least of your worries. Don’t worry about it. They’re gonna be fine…
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Samson (KTFA)
Article:
“Baghdad The exchange rates of the dollar against the dinar rose to unprecedented levels for months…”
The dollar is “losing its mind” and is accelerating upward. Customers of “banned banks” flock to the parallel market…
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Clare (KTFA)
Article “The Baghdad and Erbil stock exchanges closed at a new high in dollar prices” Quote: “News agency reporter said that the dollar prices rose with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 153,700 Iraqi dinars against 100 dollars, while the prices this morning were 151,650 dinars against 100 dollars.”
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MarkZ
[via PDK]
It was fairly quiet over the weekend. Finally got a message yesterday from a redemption contact that just said “working today” and nothing else. Are they preparing for us or just doing stuff for wealth management? I know in some locations they are setting things up after construction with cubicles…that I find interesting… I’m sure you guys have seen that all over the news, on Facebook etc…that many banks are switching to more “wealth management” services.
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MilitiaMan (KTFA)
The banks need to attract real capital. If they can’t do that they’re not going to be able to employ out into the new economic world. The Central bank is tightening up…There is a large difference between the official rate and what’s on the parallel market. It’s because the parallel market is i-----l. They’re going to to curb it and it’s going to go away. I think the quickest way for the to do that is to change the value of their exchange rate and move forward into an international world market economy.
We’re waiting to see what happens and ultimately the goal is the 2023, 24, 25 budget. We’ve talked about is all about going to a market economy and …[Al-Sudani] confirms Article Quote: “The development Road Project will turn Iraq into a country that is open to the world“
Almost sounds like an announcement, ‘We’re going International.’ The prime minister says that. …when we see these things coming from the Prime Minister it’s massive.
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Frank26 (KTFA)
Article:
“A parliamentary committee is awaiting a meeting with the President of the Kurdistan Region regarding the oil and gas law, which the Sudanese insist on approving”
THE HCL EQUALS A NEW EXCHANGE RATE & EVERYTHING IS WAITING FOR THE NEW EXCHANGE RATE.
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Sandy Ingram
What is holding up the revalue? …Before the IMF will sign off or support a change in the currency’s value, Iraq needs more reliable income income streams outside of the oil industry.
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Kaperoni
World Trade Organization – If you’re going to buy and sell or import or export merchandise around the world you have to trade in your currency. That can’t happen unless your banking system is in compliance and other banks respect their ability to perform those transactions.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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