Dinarland Highlights – 9.5.23
My Iraqi contacts are hesitantly excited with expectations for this week. There are more and more confirmations that the government is using that 1132 rate with contractors right now. I feel pretty confident the CBI is starting to make moves. They have said before they would stabilize at that rate and then give us the big change we are looking for. We just need to wait and see what pops out of all this. The chatter is overwhelming right now that things have finished…
We just need to get through the very end of what appears to be the end of our journey. They are doing a good job on keeping people quiet. They have cracked down even harder on leaks. They absolutely do not want anyone to know ahead of that money is moving. Still hearing from the Iraqi side that…politicians are talking about a 1 to 1 rate yesterday in Iraq. I certainly expect more than that. Lots of rumors from Iraq that we may see the new rate this week. Just try to stay grounded…the news is all over the place. Member comment: Some gurus say it will happen within 24-48 hours.
Markz: A lot of people at the upper levels of the banking world are saying that….
Member comment: [Guru] Frank26 says he knows someone with contracts in both Iraq and Vietnam who wanted to expand. His financial advisors told them wait…as both countries are about to change in a huge way.
MarkZ: That would be accurate. The sheer amount of business those 2 countries do with each others currencies that both hold in their foreign currency reserves is huge. They have to both go at once. IMO.
MEETINGS TOOK PLACE OVER THE WEEKEND, AGREEMENTS WERE MET, NEW DOCUMENTS NEEDED SIGNATURES. IT’S ALL A WRAP NOW.
…”ONE OF MY BEST SOURCES TELLING ME, “IT IS GOING TO POP AT ANY MINUTE“…. ONE OF MY OTHER BEST SOURCES IS ALSO TELLING ME, “IT SHOULD BE SOMETIME TODAY“
[Iraq boots-on-the-ground report]
EYES: My Banker…says let me send you some emails…This Vietnam contract is real and a change is coming. He tells me once that change occurs within 24/hours the Vietnamese dong will also change to be economically fair to both Iraq and Vietnam. He says Vietnam has a lot of Iraqi dinars in reserves and Iraq has a lot of dongs in their reserves. They will not take advantage of each other…When a financial change occurs it will effect both the VND and IQD. This is a unilateral financial agreement…
FIREFLY: They’re telling us the official rate technically is 1132. They say in news about budget has words in it saying the exchange rate will be adjusted.
FRANK: The CBI told you this?
FIREFLY: Yes…And it will be retro to January 1st…
FRANK: This is Earth shattering. Powerful…If they lift the three zeros can you live with $1.13?
“Do you think the Oil & Gas Law will get approved 1st or the Rate Change?“
I think the rate could come any time, even first, because the major agreements to the HCL are met & that too is waiting for a rate (publicly). As you know, they don’t tell us everything …nor do they have to…
“Iran could attack Iraq beginning September 19th”
Military actions could destabilize our currency investment. This is frightening. Six different Iranian-Kurdish political groups have established a presence in Iraq’s Kurdistan region. Iran has accused these groups…of instigating and starting the protests that lasted months in Iran in September of 2022. More than 300 people were killed in the protests…No one doubts Iran will attack Iraq’s northern Kurdistan region on September 19th.
There are two possible scenarios for the Iraqi dinar. One of which is not good for us as investors, which is a redenomination/LOP also referred to delete the three zeros. I believe much of this talk is just talk to curb speculation. This also could have been done years ago. The other option is to float the dinar which is the most logical option. Which allows the dinar to actually rise in value over time based on the growth of their own economic success, and increase in GDP. This is the most likely outcome.
Now we see stuff about the oil and gas law which I don’t think they’re going to expose it. It could be 100% finalized until after an exchange rate change…the exchange rate is necessary for the oil and gas law…
For those of you buying dinar off eBay: 1. You better make sure they’re not counterfeit dollars… 2. Make sure when you go to make your purchase that you’re not spending way more money than the dinar is worth…just be very careful you’re not paying way more than necessary…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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