Dinarland Highlights – 10.5.23
Bruce (The Big Call)
I don’t really talk specifically on rates…But…we’ve got very strong rates on dinar and Dong well into double digits.
We are hearing some conflicting opinions that we need the house of representatives to be back with a new speaker of the house to remove the remaining sanctions on Iraq. It is my understanding the bill is already at the senate and it could happen at any time.
Question: Any news on Iraq and the WTO?
MarkZ: When I find out – I will tell you. I think this is a big “tell” they are trying to keep from us. If they let this news out before they are ready for us…it would be a mad dash for everyone to buy Iraqi dinar…It would be a clear signal of a changing rate…so my guess is they have already been accepted and are waiting to announce the value…that is my best guess.
“Iraq asked for $1 Billion in cash and this time Washington said no”
This is from the WSJ. Iraq is between a rock and a hard spot for foreign currency…. They are not yet fully internationally recognized. There are still some sanctions and controls there. Going fully international with a rate change would fix their woes. Iraq has everything at stake for this revaluation.
[Boots on the ground SuperGirl in Erbil Update]
I spoke with Dyaa and his family, so far no one has received anything nor have they heard anyone receive anything concerning the HCL…
FRANK: We are hearing it from many sources but we believe they are just rumors. They mentioned they may be doing traunches but we have not seen any evidence of it yet.
We see the evidence of the financial international transactions on the 28th. We see the private banks opening with Aki [Guru Walkingsticks Iraq bank friend in the US- October 1st]. We see Independence Day [Tuesday October 3rd]. The only thing we’re not seeing is the HCL. Why? Let me ask you something. Did they release the new exchange rate? No. What did I tell you? The moment you see the HCL in the next nanosecond you will see the new exchange rate…
[Iraq boots-on-the-ground report]
FIREFLY: We are celebrating our independence and being a sovereign country...Sudani…talking about how we will not allow others to rule over us… FRANK: Congratulations…your country is now restriction free…You are a sovereign country…Your country is secure and stable…These are the two magic words Dr. Shabibi the author of your monetary reform plan wanted before he released the new exchange rate and new currency.
Iraq went to the U.N. and told everybody they were a free sovereign state. That goes along with having a sovereign currency…and then to be able to go into the international financial system...All of that is on the table…I don’t think there is anything stopping them. I don’t know if this is going to happen in the next 24-48 hours or if it’s going to still be a significant amount of time. Bottom line is we can see them moving forward …I’m elated and I think it’s going to be a good week.
IMO the opening date [For Iraqi private banks] of October 1st was for the HCL. Their main goal was to be online internationally before the HCL payments. They are.
Ascension to the WTO is enormous because it means that they could then literally start start moving goods in and out freely, they can make taxes and tariffs at the border and they can trade freely without having to do this ‘oil for aid’ nonsense process… To have an international currency therefore to be article VIII, to be WTO, we need to know something on the Forex.
“The American decision still dominates Iraq. What do we need to get rid of it?”
The United States still has possession and control over all of Iraq’s OPEC dollars in Washington DC.
“America is putting pressure on Iraq because it has not completely emerged from the UN resolutions…”
Those are the U.N. Chapter 7 sanctions.
“We are looking at the very least 2 to 3 years left to go if they can keep on the same track they are currently on…”
That’s my thinking, it’s going to take about 2 to 3 years. Before everybody starts banging their head against the wall, that’s for it to reach its full potential. I’m the one who thinks it should go up in increments. It’s going to take at least 2 to 3 year, you might be around 1 to 1 around that time.
“Iraq Receives Its Second Boeing 787 Dreamliner”
Iraq has taken possession of its second Boeing 787 Dreamliner aircraft. This is the second of 10 airplanes Iraq has ordered. International research and reports say travel in the Middle East will increase by more than 40% in the coming years.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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