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Dinarland Highlights – 8.30.23
Mountain Goat
I presented scenarios to you in the past about the rate of these 3 zero notes…the rate is already close to 1:1 only they added 3 zeros to the currency. By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes. Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value.
The IMF and the CBI told us years ago they are not going to swap out the 3 zeros notes for the newer lower denominations at a fraction of the value. The 3 notes will be “legal tender” for up to 10 years but not in general circulation and used primarily for interbank transactions…The banks call this “public” vs “institutional” use.
This is why we need them to issue the lower denominations. So, when they do reach around 1000 program rate (probably more like just under 1000) they plan to drop the zeros. The rate then changes by just moving the decimal place over by 3…It is really that simple…this in-country RV rate will not remain long. They will then move to FOREX after waiting a period of time as they “adjust for inflation”, which they are now doing. This is right out of Dr Shabibi’s plan. In each country, for instance the USA, will have an exchange rate for the dinar based on their economy and currency being exchanged.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: There’s more meetings behind closed doors with high ranking bank officials across the board. Everybody you can think of is there with the World Bank and the CBI. This is two days in a row bank official are here.
FRANK: …They are talking about the new exchange rate…Sudani is telling all foreign investors Iraq is a great investment. He’s telling them to invest inside Iraq…
FIREFLY: The CBI governor has met again with parliament…They talked about the exchange rate…They actually told them about the exchange rate and the rise of the dollar and the struggles it has to overcome this dollar dominance. They presented solutions yet saying the dollar is going to be forbidden and the stability of the dinar is a major concern.
FRANK: Yeah, you know what the solution is and you know the stability will come because of the solution.
FIREFLY: Two urgent decisions have been made to enhance the ability of the dinar against foreign currency.
FRANK: IMO those two are your new exchange rate and lower denomination notes.
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Suzie (TNT)
Article:
“Basra Oil announces the activation of the four “Total” contracts”
This would “imply” to me a rate change should be forthcoming as we were told months ago that Total wouldn’t go into these contracts on a “tp” rate…
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MilitiaMan (KTFA)
Article:
“Kurdistan Presidency Office: Baghdad’s failure to send financial dues to the region is unfair”
There is far more to this story in this than what meets the eyes. They’ll need the salaries quickly or it is going to get iffy.. lol We can see that there is a reason for them not getting the salaries yet. They’ll need the new exchange rate to be allocated.. imo.. Seems fairly obvious now.
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MarkZ
I’m not getting anything negative…I still have group leaders that think we are going to break all speed records and still think we will get things done in the month of August, between now and tomorrow night at midnight. They are going to have to do something quickly if they are going to meet those deadlines…it’s encouraging.
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Pimpy
Iraq still has sanctions on their money, which is a big deal to us because if you are invested the currency it makes it really hard for the currency to go up in value when there are certain types of sanctions on there…Yes there are sanctions…which means every time Iraq does something with their currency they have to clear it first with the United States…
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Babysmom (TNT)
Ray’s [Guru RayRen98] Tuesday Evening Updates:
“MEMOS, MEMOS, MEMOS! BANKS ARE GETTING THEM, THREE LETTER AGENCIES ARE GETTING THEM, MAYBE…I WILL GET ONE SOON?…SOME MEMOS ARE GIVING AN EXACT DAY BUT NO TIME FRAME, OTHER MEMOS ARE NOT…”
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Math Blaster
Article:
“The region is “resentful” of Baghdad: We do not have the money to pay salaries… Where are the budget allocations?”
No worries.. It will get done.. Possibly this week, or into the weekend… They will not allow for this to get out of hand…But we can certainly surmise that it seems that they are waiting on the new rate before payment is made... This has certainly been an interesting venture. But in the end timed perfectly… Have to admit that those who have not been paid for the last few months have certainly shown a tremendous amount of restraint.
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Breitling
Warka Bank…what’s happening is the Central Bank of Iraq has told Warka you guys need to come up with $500 million in assets…or 50 billion in dinar. Otherwise you’re going to get liquidated or merged with another bank…Your dinar is covered. It’s insured. It has nothing to do with anything. That’s what’s going on with Warka.
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Walkingstick (KTFA)
The exchange rate numbers on the CBI website are not solid. They’re optics at this time because the CBI does not have to show true exchange numbers until they go international. Therefor 1132 is real, not 1320. The official rate is 1132…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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