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Dinarland Highlights – 10.19.23
MarkZ
[via PDK]
Question: What do you still expect as the rate for the dong?
MarkZ: I still expect the low $2 range…$2.25ish. But, most of my sources say it could be more in the $3 dollar range…we shall see.
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Mountain Goat
…we have learned that the global system for the automation and modernization of customs (ACYCUDA) project is making headway. This system will require a link to the international currency exchange to convert rates of currencies between countries for up-to-the-minute rates. The system is planned to take in any international currency not just the US dollar for payments of customs duties and tariffs. With this is a huge plan to make Iraq a central hub for commerce in the middle east and this revenue, as they told us, could rival the oil revenue. This new ACYCUDA system is due to come online when? …does January 2024 sound familiar?…Just be patient, the reinstatement is coming.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TV saying in news that the decision to raise interest rate in Iraq will increase the banking sector.
FRANK: The only reason they’re talking about raising the interest rate is because your exchange rate is about to go up in value…
FIREFLY: Television…CBI governor is saying the reason why there’s no funding for the budget instructions is not due to the exchange rate. He’s saying it’s internal…
FRANK: Actually…it’s due to the relationship between the dinar and the American dollar that’s the exchange rate that they’re talking about. Notice they have to clean the floor of the CBI from all terrorism and that’s why they’re also doing this…The monetary reform plan is moving forward very nicely…
Alaq and Sudani are doing a good job because I looked at Maliki, Abadi, Kudami I don’t see them as the equivalent as Sudani. These three prime ministers…were all bad…
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Pimpy
There’s still problems with the exchange rate…Right now the solution they’ve come up with is increasing the interest rates for customers if they deposit their money and leave it there [In a bank]. 7.5% is a pretty good size interest rate if you’re going to leave your money in a deposit at your bank. In the past we used to have stuff like that but we don’t anymore unfortunately.
In Iraq they have the ability IMO to do a controlled free float...People ask me, ‘Why doesn’t Iraqi dinar free float?’ Because it could be very very risky. They could benefit from it. They might go in the right direction. People might think they have something to offer…worth investing into, that they have a bright strong future…which I think Iraq does and I think they could benefit from being on the Forex but they have to have the restrictions removed off their currency…Iraqi dinar is on the local one [Forex]. They’re not on the big Forex.
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Sandy Ingram
Iraq has a secret asset many people are not aware of…the ancient city of Babylon is only 54 miles from the capital city of Baghdad. The gold deposits have not changed. The only difference Iraq was busy drilling for oil…It is reported gold production value could someday rival or equal oil production value…This massive amount of gold is still in place in Iraq today. The eastern Baghdad region, the western desert and the Kurdistan area have all been discovered to have enormous gold deposits. Mining operations are currently underway…
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Bruce (The Big Call)
[via WiserNow]
What we got in report today was all the rates are extremely good. And we know that the dinar came back up on the Forex yesterday and came back up on the streets for trading on forex and on the bank screen today. The rates are very good.
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MilitiaMan
They’re going to be building roads, railways, building residential cities, industrial cities…How are they going do that without being Article VIII complaint?
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Breitling
LOP – If they’re going to LOP they don’t need to shut the dollar off in their country. They don’t need to reduce their money supply. They don’t need to get rid of the 50 dinar note. They don’t need to pass banking laws. They would have said that’s what they wanted to do. They said they wanted to add value to their currency and that’s it.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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