Dinarland Highlights – 7.26.23
Mountain Goat
Well the RV has not yet happened in Iraq nor has the reinstatement of the dinar. As far as the banks are concerned there is still the US Treasury OFAC sanctions in place on the Iraqi dinar. This is not just my opinion but FACT…I was told by my CBI contact to expect the new rate on FOREX, however it did not occur, as stated. So…I inquired on my weekly call to Iraq and asked what happened. I was told it was stopped due to the US Treasury audits of many of the major banks in Iraq…
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Frank26 (KTFA)
Article:
“Economic warning of Iraq’s return to Chapter VII”
A RETURN TO CHAPTER VII IS THE CONSEQUENCE OF NOT HAVING A NEW EXCHANGE RATE!
[Iraq boots-on-the-ground report]
FIREFLY: We are seeing 8 more banks hit with sanctions. They are saying the dollar will reach 1700.
FIREFLY: The CBI is doing a major campaign. They’re telling us on television the CBI says this major campaign is to enhance Iraqi dinar. Saying all payments, transactions, anything we do in our country will be in dinars and they’re telling all banks that are not certified that they must deal in dinars. This is a big campaign of the monetary reform going on right now about the Iraqi dinar. This is our education. They are saying the CBI has taken steps to enhance the dinar against foreign currencies.
FRANK: Darn right! It’s coming!
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Nader From The Mid East
Article Quote:
“The Harith Exchange in Baghdad, said, at 11:00 a.m., an exchange rate of IQD 155,200 per [100] US dollar…Dozens of angry protesters are gathered in front of the Central Bank of Iraq building in the middle of Baghdad to protest against the dollar’s exchange rate…demanding quick action to reduce the continuing rise of exchange rates.“
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MarkZ
[via PDK]
The people have seen the steps the people were told had to be done before they got their rate change and prosperity. The people are growing impatient…The IQD is losing value against the dollar right now. This is costing Iraqi’s dearly. They are upset. They had been promised a change in rate…Iraq is doing everything it can to get from under America’s thumb. It’s a battle and I believe Iraq is winning. Maybe not as quick as we want them to win though.
Now there is more pressure and the people are taking to the streets and insisting they fulfill those political promises. This is a good thing for us. Even them talking about how it’s the US holding things up is a good thing for us. They have a short window…This will erase the debt problems in the Us when they let Iraq finally RV their currency…I believe Iraqis taking to the streets is forcing it…It’s time.
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Pimpy
They need to figure out a way to work with the United States all over again and stop doing things to piss off the US until Iraq is further along with rebuilding infrastructure, building a stable economy and making sure they’re opened up new streams of revenue other than just oil sales…
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Walkingstick (KTFA)
Question:
“1700 or Chapter VII they are saying to Iraq. What would you liken that to?”
A wake up call. They’re not going to do it, but they said it, they threatened it. That draws their attention. They are not waiting on anything but themselves…they just need to get out of their own way.
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MilitiaMan (KTFA)
Article:
“The committee members…”
That’s a group of people other than Alaq, “ask a number of question regarding the reason for rising exchange rates…” …What they’re asking is what type of solutions do you have…
Quote:
“The central bank is working with the importance of developing radical solutions to the crisis.”
What’s a radical solution? Going from 1460 to 1310 wasn’t a radical solution. Going from 1310 to 1132 which is seriously not a radical solution. What they’re really talking about…a ‘radical solution’…going back to a ‘previous era’…
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Kaperoni
An exchange rate is a reaction to growth of an economy, not the other way around.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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