Dinarland Highlights – 8.26.23
Bruce (The Big Call)
…in Iraq yesterday we heard had a much higher rate in Iraq on dinar – I say, much higher – And that’s really good news…Iraq wants us to have a high rate on the dinar – and it will be – and I’d love to tell you what I know about it, but just suffice to say that higher than we thought it would be, And that’s a good news…And then I think the dong is going to come in with a very, very, very high rate as well… compared to what certain people have said it was coming in at. We know it’s much higher because we know what the bank screens are telling us.
…WE DON’T HAVE A RATE CHANGE YET…IT “APPEARS” THAT SOME 3 LETTER AND PTB ARE HAVING A “TUG OF WAR” REGARDING FLIPPING THE SWITCH – TIME WILL TELL.
[Reference Guru Clare’s Iran Article below]
If they released the funds to Iran there’s something going on. If sanctions have been lifted there’s a reason for that…We’re going to find out really quick what that really truly means…The most important situation to me is they are going to release billions of dollars and they already begun that process to do so…
“Joint efforts to attract investors and developing the economic plan.”
The Securities Commission is looking to make headway now big time. Global investors are not going to come into Iraq Stock Exchange at 1310. They’ve not done it before and they’re not going to do it tomorrow. Something is going to have to change for them to be motivated.
The fear that they could steal this new exchange rate /currency is no longer that strong. Sudani is dealing with corruption. When he’s done with corruption we will have the new exchange rate. There’s no other reason not to have it.
“Do we expect any other currencies to re-value when Iraq finally releases the new exchange rate?”
The new exchange rate only belongs to the IQD. As for as another currency, the dinar is the only currency the IMF has said is going to go up in value. Why should I care about any other currency – yet. Although there are good investments. I don’t want to mislead. Diversification and currency is a good investment but you better know what you’re doing…
“The US ambassador tweeted I met with representatives of the World Bank to support the efforts of the Iraqi government”
I am still hearing from my sources here and there that they are expecting things to be well launched and people with money in the month of August…I have heard no negative news at all. We continue to get positive news out of Iraq from Sadr to Sudani…we are in a good spot…lets see what happens.
“Iraq prepares for the arrival of millions of foreign visitors and allocates 15,000 items to secure the fortieth“
As you can well imagine this is going to be a huge boost for the Iraqi economy.
There are 4 significant benefits to the Iraq dinar increasing in value against the US dollar… 1. You could make a profit…when they appreciate in value. On the backside the US Department ofTreasury would earn a substantial amount in taxes for people who cash in their Iraqi dinars. 2. An Iraqi dinar surge would improve Iraq’s economy which could positively spill over into the global economy… 3. An Iraq dinar surge would also benefit businesses and individuals who have invested in Iraq as their investments would become more valuable. 4. An Iraqi dinar surge would help stabilize Iraq’s currency for both Iraqis and foreigners who do business in Iraq.
The truth is in order for the Iraqi dinar to ever rise in value Iraq needs to make several significant changes including passing laws to diversify their economy. They also need a sound banking system, processes and proven compliance with international standards under IMF Article VIII. They currently are not in such compliance.
Some of the questions I get from the heavier investors is, “We want to exchange our dinar upfront so we get a big chunk but how do we play this out?” I have no idea the rate when it does come out, that it’s going to go up or retract. I don’t know anyone with the ability to predict that. So when you go to exchange your first chunk you better have enough that’s going to take care of all your hopes and dreams. And the rest you can risk if that’s what you wish to do.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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