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Dinarland Highlights for September 28, 2023

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Dinarland Highlights – 9.28.23

Holly

Some very important things are going to happen:

1. The USA sanctions on auctions for Iraq are being lifted after 30 years! Signed off by treasury last week when Iraq was in USA!  Boom

2.  Iraq is being part of the WTO by October 4th! They have to have an international rate to be part of it!  Boom

3.  Iraq is having their first ever Independence Day on October 3rd!!  Congratulations Iraq!  This means they are independent and their war has ended!  This by far is the biggest boom ever!

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MarkZ

[via PDK]

“State contracts are executed in Iraqi dinar”

This is important and part of the de-dollarization process and the sovereignty of their currency. They are also converting old contracts to dinar as well.

Article:
“Iraq imposes dinar- only policy for domestic transactions”

They say they are going to honor contracts at the “exchange rate” and that rate can change…and is expected to …but they want to make certain that the framework for all the contracts get converted based on the official exchange rate.   This is huge and Iraq has made enormous progress.

There is a lot of expectation for announcements sometime today...We have had some whales – in states without Wells Fargo banks –get contacted by out of state WF ‘s saying that they are prepared for them…So we are having a lot of scrambling at the banker level now who are chasing whales to make sure they get their business… Redemption folks are ready. They are on call and they are in and out of the office. They are waiting for the “GO”.  …IMO things are ramping up … everything feels good and smells good and I think “Soon” actually means “Soon” for a change

Question: When they announce the new rate in Iraq- will we get the same rate when we exchange?

MarkZ Answer: I am told when we go to exchange and use one of the “qualifying banking centers” in other words has the staff with special training and the special verifying equipment…I am told our rate is “pre-determined” and we don’t have to pay fees and get better service…all of those things. My bankers still believe there is a bonus to be gained in the rate offered to us because of the “Oil For Dinar” program…and they will be offering us a higher rate.

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Frank26 (KTFA)

I believe on the 28th Iraq is going be in a position to do financial international transfers without any restrictions.  Oh, boy!  Wouldn’t that be great?  I believe it’s a 10 day period…28th to 8th of next month…I believe in these 10 days we’re also going to see the HCL.  And I believe without a doubt, the reason why we haven’t added the HCL and everything else is because we don’t have a new international exchange rate…It is fantastic.  These 10 days have great potential for may things to be paid.

[Iraq boots-on-the-ground report]

FIREFLY: The television is saying from the advisor to Sudani within 72 hours there will be a change to the dollar exchange rate.  If that’s true that means our exchange rate automatically changes too.  They’re saying the dollar rate will have a mechanism applied through which will control the parallel market rate.  They said Sudani and the CBI have many proposals and papers…to fix the issue.  And within 72 hours we will see all this applied to fix the dollar exchange rate.

On the 28th – go international financial transfers.  On October 1st – all international private satellite banks of the CBI around the world to be opened.  On 3rd – for them to have an Independence Day...In the days to come a new currency will be given to the Iraqi citizens IMO.  This is a forewarning a new exchange rate is coming but the new exchange rate won’t come out until they give the new currency or simultaneously.  

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Angel1

When Iraq got placed on sanctions, yes they got a program rate, but the nail that kept them functional to sanctions was the auctions…What they’re telling us now is the way they’ve always done auctions is going to be gone...The old way for you to pay for imports would be you would have to go to the auctions and do it through submitting invoices and proof and paperwork.  It takes about 2 weeks…Now a coffee shop is going to be able to pay his own import right through his bank like every other normal country in the world.  We are excited…That means they’re going to be an internationally acceptable…tradable currency.  They’re going to have value…

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MilitiaMan (KTFA)

Article quote:
“All state contracts inside Iraq shall be in Iraq dinars.”

I don’t know what else to say.

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Bruce (The Big Call)

[via WiserNow]

So if they do what they said that they were going to do – we’re in pretty good shape – Really good shape – and we’ll get this party started before the end of the week…

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Pimpy

They’re working on the Port of Faw, this will help them with shipping. So they have shipping going on, they’re opening up a new rail system, they’re developing huge highways, basically shipping and receiving of goods.  This is going to be a huge plus for Iraq and it’s really going to open up their economy and as you know as they become stronger economically and they get away from just relying so much on oil this is going to help strengthen up the dinar…

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Kaperoni

If Iraq wants to do business with the world, they need to get in compliance with IMF regulations, accept Article VIII, pass economic laws  encouraging investment.

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Sandy Ingram

Iraq is on the verge of satisfying the IMF (International Monetary Fund) recommendation that they have a solid income stream outside the oil industry.  The Development Road Project will not only provide 4 billion US dollars in revenue each year, it will also increase the GDP of Iraqi citizens.

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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