Dinarland Highlights – 10.17.23
Comment: In my opinion Iraq will officially join BRICS by Jan 1st.
MarkZ: I agree with you…I think its coming sooner than later.
“Iraq ready to join BRICS after banning cash withdrawals in US dollars”
This is dated Oct 13th.
…in Iraq “Sudani receives an official invitation from Sisi to participate on a summit on Gaza” He is a leader of Israel and he wants Iraq there as a calming “voice of reason” in the region. This is Iraq ascending to the world stage and becoming a key, important player. This shows their stability as a nation and leadership in their government. One of the key things we needed for the rv of their currency is stability of their nation. We are seeing this now plus respect from other Arab nations.
…the Iraqi dinar is strengthening and the US dollar is weakening which is what we want to happen.
Some…banker rumors…they have been all over the place today…saying anywhere from tomorrow until after the new war is settled… Usually when rumors go kuku-crazy like this it means something is about to happen so I think this is a good thing.
…WE WON’T KNOW WHAT THE RATES WILL BE UNTIL THE DAY WE EXCHANGE…MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98] DONG .47… DINAR 3.81…
[Iraq boots-on-the-ground report]
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK26: Remember they’re talking about November and December to get it done by January 1st. That’s the time period I believe we’re going to see a change because that’s what they tell the Iraqi citizens…In order to stabilize the dollar exchange rate you’re going to increase the value of the Iraqi dinar.
This is the CBI Article Quote:
“The expectations of the Central Bank and specialist is that the exchange rate will return to a stable state but it requires time which we hope will not be long.”
Man I have read so many good things my mouth feels like sugar! I feel like I have candy in my mouth, sugar cookies. This is from the CBI. This is them talking about the the exchange rate. They tell you don’t believe the bull KaKa from those other guys…
I bought my dinars April 2004. I paid $500 and something for a million dinars. Good gosh I think it’s more than doubled now. It’s almost tripled. So I guess it was a good investment. But that’s not what I’m in it for. I’m in it for the long haul. I don’t just want to get a first down I want to get a touchdown…
“The most important of which is the dollar leak. Relationships identify many factors that caused the exchange rate to rise”
“Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank”
“A new statement by the Iraqi Central Governor regarding the dollar exchange rate”
“Today, Monday (October 16, 2023), the Governor of the Central Bank of Iraq, Ali Al-Alaq, identified several factors affecting the dollar exchange rate, the most important of which is the leakage of the dollar to neighboring countries.”
There is a lot of concern in Iraq about the current exchange rate and I understand why. Remember the currency exchange rate really does hamper with their imports. What you want is more purchasing power…
All kinds of articles about the exchange rate. And how easy is it to predict when you see a bunch of articles about the exchange rate you got a bunch of people out there…making claims this means they’re going to change the exchange rate…I keep telling you guys not to fall for that…Could they increase the Iraqi dinar exchange rate? Of course they could but if you think they’re going to do an RI you’re sadly mistaken. An RV is possible but not an RI…
When they do direct banking to go international it’s not going be at a rate like 1310, it’s going to be something that’s fair, real effective exchange rate, something similar to that…This is good information. It’s phenomenal. Central banks’ involved, the appropriate ground has been set for the auction window to leave...
I often am asked… what is holding Iraq back? The answer to that is Parliament. Until Iraq passes the needed legislation to develop their economy and encourage foreign investment, the dinar will remain weak.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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