Dinarland Highlights – 10.1.23
About the WTO accession, the articles told us months ago they were in the final stages and so they are all ready to go. They only want a currency that can be international prior to making the final move. They don’t need the currency to revalue only reinstate to be in the WTO, but we know they will revalue when they do reinstate it and go international…I repeat, they DO NOT have to RV (no mandate for the WTO says they do) only need to reinstate for the WTO, but they are choosing to significantly revalue when they do reinstate it. So we are good…
“Is Article VIII needed?”
Article VIII will automatically come on once Article VII is official. In other words it’s the next step that they walk into under the United Nations Security Council.
What was the rate the Kuwait dinar came out at in 1999? It was a ridiculous rate. They came out huge! …I don’t care what they [Iraq] comes out at. What I care about is are you restriction free? Are you sanction free? When you went to the UN I know what you did – You’re free!
A program rate is not a stable controlled exchange rate. They are saying things are different now. They are secure and stable. We do have international standards established…
It’s amazing that what we’re talking about is specifically being readdressed in a little more blunt and accurate manner….security, stability, combating corruption, supporting investment in Iraq, these are the things every single investor in the Iraqi dinar and or even in their stock market should be fascinated with because the trade that’s going to go through Iraq is going to be phenomenal. It’s going to be unbelievable…
“What if anything is Iraq doing to reduce the note count…isn’t a reduction of the note count required before a float can occur?”
It’s very difficult for Iraq to reduce their money supply due to the current monetary policy. Remember, the currency auctions are a balance between dinars and dollars in order to maintain the exchange rate…Using dinar in international transactions would give them the freedom to unpeg and end auctions. I think the most important thing for Iraq to do is to diversify their economy…
Question: Does the RV (Revaluation) have to happen before Iraq ascends to the World Trade organization on Oct. 4th?
Not…but the dinar has to be a fully accepted international currency all around the world without any restrictions…this would be a massive change.
The reason I always pick $0.56 or $0.50 or $0.60 is because it dealt with the average value in the region of all the currencies. And also enough to deal in the western markets. That’s the worst case scenario. That’s how I always came up with those numbers.
“Iraq opens a project that produces more than 2,000 tons of liquid gas”
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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