Dinarland Highlights – 10.22.23
Bruce (The Big Call)
When it comes to the currencies that we know about, things are moving along nicely with those. They’re trading upward. We know that the Dinar is continuing to do well. Dong has been up and down…it’s really good to see these things taking place.
There are some interesting articles from Iraq.
“Teachers in Iraqi Kurdistan strike over delayed salaries”
This is all part of the HCL stuff and the money that is supposed to be flowing to the Kurdish region. They have a urgent need to get this thing done so they can meet their obligations and take care of their people. This new government over there does care about their people and they are working hard to fix things…
The beginning of January there will be no more use of the US dollar, that should be a major plus for the Iraqi dinar. It shouldn’t take very long after that and we should start seeing some increases in the Iraqi dinar exchange rate.
There’s a lot of confusion about whether these banks in Iraq are on sanction and how it is affecting the exchange rate. Article: “The Reality of US ‘Sanctions’ on Iraqi Banks” …I’ve seen articles where they say these banks are under sanctions but if you go to the official website they’re not listed there so it’s like a gray area. They’re under sanctions but they’re not officially under sanctions. It’s like putting them in a ‘time-out’ is what it is.
I don’t think the government gives a crap about dinar holders because…the average dinar holder holds 250,000 dinars. That’s it. Sure if an RV happened tomorrow there would be a lot of rich people but just think about a lot of those lotto winners, they win all this money and then all of a sudden they lose it all within the year. Most people would spend it quickly. It would give a huge jump to our economy and they don’t care because the money would just go right back to them. I don’t think they care that much…
“Al-Alaq stresses the importance of achieving stability in the dollar price and the necessity of changes in the trade system”
Major powerful countries are coming into Iraq. It’s going to effect their currency exchange rate. More than anything else it will rocket their float and that when you have to be very astute. Watch it…You’ve got to watch the rate in the float. Know when to hold’m and know when to fold’m. Know when to backoff.
“The decision to collect fees in Iraqi dinars at border crossings is an important decision aimed at preserving the hard currency and also straightening the Iraqi dinar”
They have a goal of stop using the dollar and using the Iraqi dinar at the customs borders. Everybody should be clicking their ruby slippers because that’s going to be a lot money. A lot of revenues are going to come through those borders.
“Any party that does not adhere to this decision will be subject to punishment.”
They’re getting strict.
“Iraq to end all dollar cash withdrawals by Jan. 1 2024 – Central Bank official”
Iraq is back on track…starting January 1, 2024. The Central Bank of Iraq will only do banking with Iraqi citizens using the Iraqi dinar…
“Iraq to end all dollar cash withdrawal by jan. 1 2024, central-bank official say”
They’re not allowing dollars to be taken out of banks anymore. That’s pretty big news.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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