Dinarland Highlights – 9.8.23
From Iraq…A chief strategist of the AFC Iraq fund is talking about how “Banks will fuel the next market phase of Iraq” they have made exceptional progress. Top tier banks have a lot of funding and money and this is where the future is going to explode for Iraq…and they are now ready to start funding entrepreneurs, projects etc…. This is a great piece that shows us where Iraq is heading…We were told the banking implementation is key for them to be able to change their value. It also brings financial security.
So many rumors out there…I definitely feel like we are close. IT was off the hook yesterday with expectation… Many thought it would happen overnight last night… I really didn’t think it was ready yet… We continue to hear fantastic personal banking stories…So many banking stories from you all from wealth managers etc… Comment: I said it will happen 9-11…
MarkZ: For whatever reason my gut is saying the same thing…
I believe there is nothing more for the CBI to do but to issue the lower denominations and them to watch for inflation over a period, as their plan states they will do, and if all goes well, they liberate their currency to the global markets as in FOREX.I thought we needed the Oil and Gas Law passed first? Yes, I still believe they do and we might have to wait for it. But there is a chance that based on how fast the economy is growing they may just put that on the back burner and rethink it (remember that Dr Shababi in 2012-2013 did not have this law passed, yet he was moving forward). We must remember the past.
If they [the bank] made a profit off of you, shame on you. Don’t let them make a profit off of you. You’re Mr. Clampett and they’re Mr Drysdale. Act accordingly. You have the power. I don’t care if you go in there with 500,000, 100,000, don’t let them treat you stupid. The bank is not your friend. They have laws that do not allow them to be your friends.
IMF tells every central bank what they can do with their monetary reform. The IMF has said…Iraq is going through a change to add value to their currency right now…Any other country doing that? No.
“The International Monetary Fund confirmed that the Greater Middle East, including in Iraq…is currently witnessing a profound shift in geopolitics, creating new possibilities for achieving prosperity, even despite the current international conflicts.“
The official rate is 1132. That’s 132 pips away from 1000. They can do that in your sleep. Yes, I strongly believe we have another movement to get to 1000 so it can be paired at 1 to 1. That’s the goal.
Why haven’t they [Paid the salaries]? There’s got to be a reason for it and we believe it comes down to that the 23, 24, 25 budget is going to have an internationally acceptable exchange rate that’s going to be on the Forex so that we all as investors can freely trade the Iraqi dinar in an international environment. That’s the whole purpose of us being here…
For Iraq to go international they’re going to have to be article VIII compliant with the IMF and their currency exchange rate…They haven’t come this far to go ahead and do the status quo…All the news…is phenomenal…
“Tehran’s subtle efforts to control Iraq”
Iran and Iraqi supporters of Iran want Iraq to eliminate all connection with the United States or the west. This line of thought affects our investment because Iran may not support Iraq’s currency value to increase against the U.S. dollar…
The Central Bank of Iraq continues to struggle with trying to reduce the market rate spread. Dinar is priced around 1540, which is about 18%.
If you go back…how many customers did they [Iraq] have in the 90’s? How much were they producing. And you compare then to what they have now and they have a lot more now. Then how is the value of the dinar so far down? …They have more customers, they’re producing more. More people are buying. That’s why you and I are in this investment.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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