Dinarland Highlights – 7.31.23
“HCM CITY — HDBank is one of the first lenders in Việt Nam to have successfully adopted Basel III reforms standards.”
HD Bank in Vietnam has upgraded from Basel 2 to Basel 3 Reforms across the board on all of the requirements it takes to be compliant. The Basel Committee has recommended this for International Banks since January 1, 2023, and HD Bank is our first International pioneer. They have reached sustainable goals through Article 4…with the IMF, and they are now able to move forward... Iraq being on a similar track...HDBank, one of the pioneers in Việt Nam, has applied leading international risk management standards…
“U.S. ambassador in Baghdad announces the success of mediation between the Iraqi government, Central Bank and U.S. Treasury”
Do you find that to be fascinating? Because it should be. Because the bottom line is that the largest entities in the world…is the Untied States Treasury and the central banks…The Central Bank of Iraq, The United States Treasury and the U.S. ambassador have come to some sort of an agreement in respect to what’s going on…
Alaq came out four or five days ago with a five page report specifically saying the delete the zeros project still exists. He stated specifically that…Al Sudani is still in support of the Iraqi dinar…
“The US ambassador in Baghdad announces the success of her mediation between the Iraqi Central Bank and the US Treasury”
AS WE PREDICTED THE US TREASURY IS NOT DUMB ENOUGH TO PUT SANCTIONS BACK ON IRAQ.
[Iraq boots-on-the-ground report]
FIREFLY: News showing Sudani meeting with CBI governor Alaq talking about measures to make the dinar strong and stable in the markets and talking about reforms…CBI saying nothing should be higher than the official CBI exchange rate of the street which is 1320.
To lift the 3 zeros is to lift the 3 zeros from the exchange rate, is to lift the 3 zeros from the currency notes. They will introduce to you the lower denomination notes to replace those 3 zero notes they removed. The lower denominations are without the zeros…
I have been told by at least 3 different contacts to expect a very fruitful week…A number of sources think that this week will see our release? We shall see. I am hopeful but do not know the timing.
People I have spoken to who have crunched the numbers say it needs to be at least $1.30 to make sense for Iraq – IF they are going to do it that way. I am still hearing that we will have a contract rate no matter how they do it… because they need it for the “Oil for Dinar” program.
“An upcoming visit of an Iraqi government delegation to America to discuss the issue of the exchange rate”
“there are fears of a further decline in the value of the dinar,” noting that there is a vision among the leaders of the coordination framework and the state administration as well to send a delegation representing the Iraqi government to discuss this issue with the US Federal Bank and discuss with it threats and risks and present proposals to address the situation.”
The budget and the rate change, which are very much linked together, they’re like two peas in a pod. The budget cannot be implemented because it’s a structured budget in a way where it can only be implemented at a specific certain time…that’s why as of right now you haven’t seen the budget implemented yet. Neither have you see the rate change. Everything can only happen at a specific time…
[via Judy Byington]
Sun. 30 July: “Very early today I received Intel from a very high Contact. I can’t tell you what they said other than things are progressing. Everything is ready. It won’t happen today but we may have very good news this week.”
It is more sound. It is more logical. It is safer at the onset that the rate should at least be 1 to 1 with the American dollar. Then a gradual increase via an international basket that floats the currency is very realistic.
“…The Reinstatement is unfolding in the most appropriate way possible. There are many different forces at play and there are reasons why the RV is happening the way it is.”
The money supply in Iraq is over 80 trillion. The net worth of the country is only $16 trillion US dollars. There is no way they can RV the currency.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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