Dinarland Highlights – 7.27.23
Lets get into Iraqi news….”Bank owners and citizens protest the deterioration of the Iraqi dinar following Us ban on Iraqi banks.” The chatter in Iraq is that the pressure is huge on Al Sadr and Sudani to force this thing to come to fruition. The pressure on the US has now gotten extreme as the US is losing its influence in Iraq. I am being told there is a great push on right now. Tremendous pressure to go now…like within 48 hours…but I don’t know…we have heard that before.
…with the chatter from the Iraqi front…that they were given 72 hours deadline to deal with the change in price after yesterday’s protests…that fits in with everything I am hearing. So watch between last night and Monday night.
“Deleting the 3 zero project” The project still exists and is being discussed. This does not mean they take the 3 zeros off the notes…It means they break out the lower denominations and they won’t need the 3 zero notes any more. This means they are revaluing the currency. Seeing this back in the news is a good thing.
In the last 24 hours the Iraq government said they are not going to print any more bigger bills…we are not going to need them. And then they talked the project to delete the zeros. This is key piece. So big bills will not be needed except for settling large debts. It appears they may be changing that value pretty soon
Bruce (The Big Call)
…we know the Iraqi dinar is trading up. We know the rates that are on the redemption center screens, front screens we know that they’re substantial and very high... This is the front screen rate that will be offered to us…We also know that dong has been pulling up the rear and going up in value as well… I was told by a redemption center person that … it looks like…Thursday, for notifications and it looks like the start of exchanges will be Thursday, Maybe Friday…
“Alaq: the rise in the exchange rate “my time” and the project to delete zeros still exists”
“The governor of the Central Bank, Ali Al-Alaq…the rise in the exchange rate of the dollar in the market was temporary, and while he indicated that there was no indication or indication from the American side to include new banks within the sanctions, he confirmed that the project to delete zeros from the currency still exists.“
“It has been dismissed from printing the category of twenty thousand dinars because of the existence of a category of 25 thousand dinars, and we do not wish to expand the current categories, because the project to delete zeros still exists.”
There you go! …We’re trying to collect the 25ks.You know why? Because once we collect the 25ks we collect the 3-zeros…This is amazing to see from the CBI.
[Iraq boots-on-the-ground report]
FIREFLY: Chatter from the street now is to remove Alaq from the CBI. He’s not doing his job just like the parliament members have asked Sudani to remove Alaq. All this talk is in the streets.
FRANK: Alaq…is only a figurehead…He listens to the board of directors of the CBI…to say exactly what they want him to say.
FIREFLY: Bank friend…The IFC was here. That’s big. It’s a really big step that they accomplished…plus our Iraqi banking system just attended a banking symposium and it’s all on international standards. This is the float. This is the next step. All banks there were international, so why were we there if not believe we not coming back to the world.
FRANK: Everyone at that symposium knows Iraq is coming back to the International community. That’s why they are pouring in.
“Details of the agreement signed between Baghdad and Erbil on the commitment to implement the provisions of the budget law”
“A government source revealed on Thursday that Baghdad and Erbil signed an agreement on full commitment to the implementation of the provisions of the general budget law, while noting that the agreement includes the regional government to deliver oil to the Federal Ministry of Oil.”
“The rise in the exchange rate my time and the project to delete the zeros still exists”
A lot of people said it’s never going to happen…Today they reiterate specifically in the headline that their ‘deletion of the zeros’ still exists…my understanding…is they’re not talking about taking off 3-zeros off the currency notes themselves. It’s taking 3-zeros off the exchange rate. There is a difference. It’s not about taking three zeros off the notes.
They want to get rid of the black market…The Federal Reserve [is] putting pressure on Iraq to get rid of it and the easiest way to get rid of that black market is to make the dinar more valuable than the dollar…
Nader From The Mid East
The dinar it’s going to go up the end of this week or beginning of next week. It’s going to be 1700…if you look at the dinar internationally it’s going down…Biden Administration is punishing Iraq because they paid Iran with the dollars…14 banks has been punished from Iraq. Otherwise the rate would be change already. We’ll be 1000 already.
The idea is to get rid of the 3 zero notes. The idea is not to print more 3 zero notes.
We’re all wondering, ‘How come the budget is not getting implement? What’s going on? Why can’t they implement the budget?” Iraq has a lot of hidden secrets going on right now…the budget is one of those secrets. There’s something very special and unique about the budget that requires it to be implemented only at a specific time…the rate change is linked to that…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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