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Dinarland Highlights – 10.9.23
Mountain Goat
I was…told [by my CBI contact in Iraq] the real reason why the GOI, under prime minister al-Sudani has not directed full funding distribution for all the projects listed in the budget. It was for multiple reasons: 1. to first continue to clean up more of the corruption in the provinces; 2. hold back the dollars in the reserves as long as possible needed to back any reinstatement process and global rating for the dinar.
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Clare (KTFA)
Article:
“The million is paid in 6,000 weekly installments The dollar disaster has begun.. Baghdad banks to depositors: We apologize, our balance is zero today (photos)”
Quote:
“The manager of the bank branch in the mall informed customers at 11:00 a.m. that the dollar balance in the bank had run out, and said, “The Central Bank did not send reinforcements.”
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MilitiaMan (KTFA)
Article quote:
“The United States has warned Al-Sudani’s government eight times publicly …American side has provided ample evidence the majority of buyers of the dollar are smuggling it out of the country to Iran, Syria and Lebanon.”
Local and private banks don’t have the dollar. You’re going to see how that plays out…The request for a specific cash [$1 billion] was denied by the Federal Reserve Bank…The black market is the problem and they just got pinched…I think the US Federal Reserve Bank, US Treasury, Central Bank of Iraq and Al-Sudani got fed up and tired and said we’re going to fix it whether you like it or not…the black market will go away if they do this properly.
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MarkZ
Article:
“Iraq Central bank warns Iraqi banks refusing USD withdrawals”
…Iraq has to be positively livid with the US government right now…don’t let it throw you though…my Iraqi sources believe we are on the fast track…and this situation with Israel and Hamas will not cause more than a slight speed bump in the RV. I hope they are accurate.
“Global oil prices soar after Hamas attack on Israel”
Oil prices after hitting a slump start to spike. It would make it easier for Iraq to revalue with higher oil prices.
[via PDK]
Comment: Iraq PM is meeting with Putin tomorrow.
MarkZ: Yes I have heard that…we don’t know what if anything will come from that. Luc oil is one of the biggest Russian oil companies and has a lot of holdings in northern Iraq.
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Nader From The Mid East
When the government of Iraq requested a billion dollars from United States demanding their money to pay their bills and everything, Untied States refuse. That’s bullying. I’m talking about the government of United States…
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Pimpy
Article:
“Putin: Sudanese visit to Moscow will be fruitful and come at the right time”
I bet it will but this also could be why it is that the Biden Administration is putting a clamp down on Iraq with US dollars…
Article quote:
“The adoption of new measures to implement the US conditions to prevent the smuggling of dollars, the direct devaluation of the Iraqi dinars.”
The more this happens the less valuable the Iraqi dinar is. We don’t want that to happen. The quicker Iraq can get into just using Iraqi dinars, de-dollerize, un-peg, start doing business with foreign countries find a way to ascend within the World Trade Organization I think they’ll be better off. I have a feeling those of us who are holding on to to Iraqi dinar are going to be beyond pleasantly surprised within the next two or three years.
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Yada (TNT)
I’m of the mind that the rate release was delayed to see if there would be any further fallout of other countries in the middle east getting involved with the Hamas issue. I’m also thinking only Israel will deal with it and this has nothing to do with the reissue of the rate in Iraq. Conditions are still ripe to see this release any moment.
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Sandy Ingram
Day in and day out it is bankers who hold the money and politicians who spend the money and they are always battling for power. For the Iraqi dinar to reach the top and revalue, float or do whatever…all of these powers must come into alignment. When one group of people want to ignore another group of people it messes up the money. Until Iraq can play nice in the sandbox with Israel and all other countries we can only hope the IQD currency increases in value with or without a revalue or adjustment.
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Frank26 (KTFA)
Question:
“Are we at the point in this journey where the rate could be changed at any time?”Yes.
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Walkingstick (KTFA)
Question:
“What is the difference between using private banks that represent the CBI or using an American bank?”
There is no difference whatsoever.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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