Dinarland Highlights – 10.28.23
Today Iraq is talking about “Electronic Payment Support” We are seeing they are modernizing their banking system to launch in the real world…We are still seeing their ascension into the World Trade Organizations but when are they going to announce it? There is lots of internal documentation off their own websites showing this…But they cannot fully join without an international currency that is not sanctioned or restricted. When will they unveil what has happened? The take away is “It’s confusing on purpose” …I just hope Iraqi contacts are right and it’s going over this weekend.
“Al-Shammari: The Sudanese will announce next week a banking service that will lead to a decline in the dollar”
“In response to Al-Sadr’s call, a parliamentarian announces the start of collecting signatures to close the American embassy in Baghdad”
[Iraq boots-on-the-ground report]
FIREFLY: It sounds like they’re saying January 1st as the a date the stabilization process will be complete.
FRANK: Remember I told you…between now and January 1st there’s a two-week phase/time Frame inside of these two months of November and December where these two weeks will play an important part in what we’re studying. So it doesn’t have to go all the way to January the 1st for it to be announced. It can be announced and released inside of this time frame. That’s what Sudani is telling the Iraqi citizens – We got stability.
Why does the world want to pour into Iraq now when it’s still a sanctioned programed rate? The answer is because Sudani is showing them the Monetary reform mechanism and it includes a new exchange rate for a new national currency IMO…
“What is the next thing we are looking for?”
The exchange rate or the exchange rate and the new small category notes together simultaneously.
Bruce (The Big Call)
New Iraqi Dinar Rate expected to be published in Gazette Fri. or Sat. 27, 28 Oct…International Iraqi Dinar Rate expected to be very high, as is Dong…
“Al-Shamri: Al-Sudani will announce next week a banking service that leads to the decline of the dollar”
There’s talk about Al-Sudani doing something that will help with the dinar exchange rate…
“Sudani will announce next week a banking service that leads to the decline of the dollar”
I’ve been racking my brain out trying to think what it is Al-Sudani is going to do. The only thing I can think of Al-Sudani has got to do something about the exchange rate. What other options does Iraq have? They rose the exchange rate last time from 1450 dinars for every dollar because the parallel exchange rate was getting out of control.
It stabilized for a little while but now…the parallel markets are way out of control. You now can get 1630 for every dollar compared to 1300 on the official market…if any of the citizens have US dollars they can get more dinars on the black market than they can through the bank at the official rate. Where is the incentive for the citizen to avoid the black market? The US dollar is much stronger in Iraq than the Iraqi dinar. The only thing you could do is try to find a way to strengthen the dinar as much as possible so it can compete with the US dollar.
“My community college has a Dinar Guru class. One semester, two credits. I get my certificate November 20th.”
Man, I love that. That is funny.
A lot of different things that go on behind the scenes that your average person has no idea that it’s even going on. They’re just looking for what we all are to some degree – When’s it going to go, when’s it going to happen. But it’s a complex process and the awesome thing about it is what we’re seeing in public and behind the scenes is showing it’s coming. It’s coming fast. It’s coming furious. It’s good.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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