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Dinarland Highlights – 9.9.23
Bruce (The Big Call)
[via WiserNow]
Iraq did not put their new rates on the dinar in their gazette – their official document called the Gazette…which is a major publication day Wednesdays and Saturdays. But according to our contacts in Iraq, they should be putting in Saturday’s gazette So we’ll see what happens.
…it looks like things are moving forward. And we should be – if this intel holds up…then Sunday night into Monday should look good for us.
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Mountain Goat
…I have to tell you the currency rate of 1/6 of a penny (IQD 1320 = USD 1) absolutely does not reflect the currency rate of the dinar. It is being “artificially suppressed”! But most importantly…many other financial wizards, much more knowledgeable than I, also feel this way. To make a very good comparison one only needs to compare Iraq to Kuwait to see the imbalance and inequity happening (KWD 1 = USD 3.45).
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Frank26 (KTFA)
Suandi keeps repeating once security is stabilized and established and is firmly in place you are going to see the explosion of your currency/new exchange rate…It’s many that are helping Sudani return wealth back to [Iraq]. To do this special type of cleaning for the new exchange rate took a coordinated effort of many countries…All those countries that have helped bring back millions and trillions that were stolen by the corruption of the past decades they are all pitching in to help Sudani because they know what’s about to happen to your monetary reform…The whole world wants Iraq and the pain of waiting is coming to an end…
When you go to a bank they don’t even want a receipt. ‘Why do I need a receipt?’ In case you’re audited…Long term [tax] might be in the 20% range. Short term might be in the 40% range. Somewhere in that ballpark. That’s why you need a receipt. That’s why it’s important.
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MilitiaMan (KTFA)
Article quote:
“…Many Iraqi people including the Kurds may not have known in order to clarify part of the secrets of the crisis despite Baghdad’s efforts to overcome them.”
What are they talking about? They’re giving an excuse why some things didn’t happen. They’re giving themselves a way out and that way out was something that was secret. What could not be disclosed to them until the last minute? …My view on it is that secret, that unknown, is likely going to turn out to be an exchange rate change…
2023-24-25 budget has not been opened. They’re not spending money yet. I don’t think anybody out there has any data to support the fact that they have. I haven’t seen it.
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MarkZ
[via PDK]
What I am hearing from a number of my group contacts is that money will be moving on or by Tuesday. Some indicators are expected tomorrow or Monday to let us know if we are on target for that… chatter has been off the hook for the last 72 hours or so that they 24 hours or so for things to really launch. I think my groups and bankers are probably accurate and we are possibly this close to finally having this thing nailed down with their expectations for Tuesday. They are overall just down right excited. Reminder – None of us know the timing…we just know what we expect according to the news a chatter.
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Clare (KTFA)
Article:
“America Is On The Top Of Global Gold Reserves”
Quote:
“The data of the World Gold Council indicate that Saudi Arabia maintains the first place in the Arab world among the countries most hedged with gold, and it is in an advanced rank globally, as it ranks 17th with total reserves of 323.1 tons, and Lebanon is second in the Arab world (21 globally) with a score of 286.8 tons, and Algeria is in third place with 173 tons. 6 tons, Iraq fourth with 132.6 tons of gold, while Egypt ranks fifth in the Arab world with 125.9 tons.”
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Nader From The Mid East
Advisor to the Prime Minister Al-Najar revealed that the monetary mass of the local currency has reached the barrier of 116 trillion dinars…of which between 30 and 40 trillion dinars are circulating within the banking system…
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Kaperoni
…I see the dinar rising over the next several years gradually via a float as Iraq continues to pass laws, encourage investment, diversify and achieve economic growth increase in GDP…Only with that success can the dinar rise as a result...The Central Bank of Iraq will then institute a monetary policy that counters inflationary pressure created by that success raising the dinar value.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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