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Dinarland Highlights – 8.13.23
MarkZ
[via PDK]
Question: Is it true dong could go as high as $3.00 rate.
MarkZ Answer: There are a lot of rumors that the dong could go at $3.00 per dong. When I first started I was hoping for .36 cents. I was told recently about $2.25…but as of late…many of my banking folks say about $3.00. This would be just huge.
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MilitiaMan (KTFA)
If you’re trying to buy widgets at 1310 dinar to a dollar you can’t get very many widgets…Once they change the value of their currency to reflect the Real Effective Exchange Rate things become a lot cheaper for Iraq especially if they have the backing to prove they have…oil, gas, natural resources, tourism – all those things…they can easily meet a similarity to Kuwait. They’re a bigger country, they have more assets…They have everything going for them…they’re definitely undervalued at this time.
The Oil and Gas Law…they keep saying they’re going to have things done. I believe these guys have already done almost all the leg work…
Article quote:
“they’re in very advanced steps in accelerating the legislation of the oil and gas law…”
They’re basically saying we’re going to approve the law end of story. That’s phenomenal…
Article:
“The dinar is in the central recovery rooms.. and accusations against the Americans of creating crises”
Quote:
“…The National Currency requires elaborate measures to maintain strength in value internally and externally, on the basis of the measures to be taken will activate the private sector and expand the import and reduce exports.”
I may have this wrong, but, to build out the country, they need to do just as it is being stated. They need to take extreme measures to get the imports increased and the exports reduced. Why? Because, it is far cheaper to re-build the country with strength in the national currency. It is the foremost item that is now needed.
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Frank26 (KTFA)
New exchange rate equals sovereignty…it’s not a secret. Everybody knows.
It sure seems like the key to everything is in the relationship between Baghdad and Kurdistan because that relationship agreed to open up the budget, agrees on HCL, agrees on Article 140, agrees on the oil right and without a doubt agrees with everything concerning monetary reform. They have exemplified that to Sudani.
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Sheila
LATEST RATES ESTIMATED: QUOTES THE ANTICIPATED OPENING RATES BECAUSE WE DON’T KNOW HOW HIGH THE RATES MAY GO BASED ON FOREX AND OR YOUR ABILITY TO NEGOTIATE A HIGHER RATE — MOST RECENT ANTICIPATED OPENING RATES — DONG .47…DINAR 3.81…
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Clare (KTFA)
Article:
“What are the reasons for the weakness of the Iraqi dinar compared to other currencies? … An economist answers”
Quote:
“Al-Mashhadani said, The other matter is trade, that is, import and export, without relying on the government sector in particular. In Iraq’s markets, as a result of the large discrepancy between import and export, it is natural that there is a great demand for dollars…The Iraqi dinar has been in an unenviable situation for nearly 20 years. After one dinar was equal to 3 and a half dollars during the past century, it reached more than 1550 against one US dollar, which caused problems in the Iraqi economy.”
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Pimpy
Article:
“Oil and gas…A law to resolve the dispute between Baghdad an 8th region, and a gateway to open all files”
The oil and gas law issue has not been resolved. This has been ongoing for years…the hang up has a lot to do with the oil fields that were found after the constitution was written and they’re saying technically it belongs to them but Iraq is saying, no, those still belong to us…
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Samson (KTFA)
Article:
“The dinar is in the central recovery rooms.. and accusations against the Americans of creating crises”
Quote:
“The sources of countries’ strength in the economic field are determined by several factors, foremost of which is the national currency, which requires elaborate measures to maintain its strength internally and externally, and the basis of these measures is to activate the private sector, expand the import sector and reduce exports.”
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Walkingstick (KTFA)
The pause of monetary reform is due to smuggling, the profiteering of Iranian politician who own outlets.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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