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Dinarland Highlights – 9.22.23
MarkZ
[via PDK]
“Joint leader’s statement: Elevating United States and Vietnam relations to a comprehensive strategic partnership”
So we really want to work with Vietnam. Be best buddies…It’s obvious the US is putting a lot of effort into Vietnam right now…this is a good thing. This means the US wants Vietnam to revalue and be successful.
There is an article out that has people panicked today…”Parliament sets 3 months to restore the exchange rate of the dollar to the official rate” Do not panic about this. We saw similar articles come out of Kuwait just before they RV’d…an article came out saying they were not going to RV for at least 6 months…then bam…they did it that same day…. They are clouding it…and clouding it on purpose.
I saw some very impressive math in the early 2010’s. Maybe 2012 from an exceptional Iraqi source. They were pointing to a rate between $12.70 ish-$14.70 ish for the dinar based on the math for that day and time…a lot has changed since then…With values and inflation…so I could defiantly see that now. But I am preparing myself for lower…but hoping for higher. Since Vietnam and Iraq are trading partners…I feel if Iraq rate is high…then the Vietnam rate will also be high.
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Clare (KTFA)
Article:
“Al-Sudani: The meeting is being arranged with Biden, and we will call for the formation of an international bloc in the region”
Article:
“House Foreign Affairs Committee will hold a hearing next week on repealing the law that made the 2003 Iraq invasion possible”
Quote:
“The hearing, scheduled for 10 am next Thursday, is expected to address both the repeal of the 2002 authorization of the use of military force (AUMF) against Iraq and the replacement of the 2001 AUMF, according to one person familiar with the planning.”
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Frank26 (KTFA)
Sudani didn’t go [to the UN] to make one speech. He went there to make that speech to invite the whole world into Iraq and then he went and did all of these little sidebar meetings at the United Nations with many different groups – businesses, companies, countries, presidents…He went on a mission to promote his two reforms.
Question:
“Do you think the VND will be close in value to the dinar…?”
Not close to the same value, no. The Middle East has incredible power through their resources…If I was to see the Vietnamese currency go up in value I would see their exchange rate going up…to $0.05 to $0.10. You may say, ‘What? That’s it?’ If you have some of their money that’s a major windfall. They could take it up more. Vietnam is slowly growing up. They’re getting some feathers on those wings but I don’t think they’ll ever leave the nest of China…
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RayRen98 (TNT)
MEMBERS ARE CALLING WITH THEIR OWN 3-LETTER STORIES – THEY’RE SAYING LOOK FORWARD TO AN EXCITING SATURDAY! …Some banks are making appointments for this weekend.
Review your plan and get your documents in order. First window opens after 4pm est…
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Pimpy
Potential good news for Iraq that could affect the Iraqi dinar…to me it is a good sign and it is good news… Article: “The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq” This here is a biggie…There’s pros and cons to this…the cool thing is – if this authorization is reversed this would give Iraq their full sovereignty. That means they’re on their own. There’s no more training wheels. There’s not more kit gloves…this could have both a positive and negative impact on the currency…
We have gas approaching $6 in California. I think oil per barrel is above $95…I knew once Joe Biden used all of our oil reserves to try to hold prices down…this was going to happen. It was easy to predict. But on the plus side, the fact oil per barrel is above $95 this helps Iraq as long as they stay above the projected amount they put into the budget. Iraq is rocking and rolling and looking good.
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Kaperoni
Guru Bruce says the Iraqi oil and gas law or hydrocarbon law has been passed and they’re starting to disperse money to the Iraqi people. Absolutely bullshit! Parliament has not passed a HCL law.
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Walkingstick (KTFA)
[Iraqi Banking friend Aki update]
The ATMs are ready to go with the ‘new currency’. The CBI was talking with the private banks on when to bring them online. No date was given at the meeting. But they will be notified when to bring these new ATMs online…
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Suzie (TNT)
So far Suldani has not addressed anything pertaining to monetary reform in his talks at the UN, perhaps that will come later or in “private” meetings with the UST.
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Sandy Ingram
Today is my last day of travel…As usual I’m traveling with only thirty thousand Iraqi dinar. I take the IQD with me everywhere I go because it could increase in value at any time.
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Bruce (The Big Call)
[via WiserNow]
…we talked about whether or not the rate of the Iraqi dinar would be in the printed gazette Wednesday…And we checked it and yes, it was. It was according to our sources, put in the printed version of the Gazette, which means that the RV actually happened yesterday [Wednesday] – in Iraq and throughout the Middle East – who were able to see… and read the printed version of the Gazette in Arabic – and so they got started, essentially yesterday in that region of the world…Now, what about us…
…what we have heard…we will get started on or by Saturday…What we also know is on Saturday, the plan is to put the rate of the Iraqi dinar out on the digital version of the gazette. …my understanding is that’s the version that people would be able to see internationally…So we’re looking for a pretty big weekend.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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