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Dinarland Highlights – 11.1.23
Mountain Goat
I…want to make it VERY, VERY clear to everyone that the IQD is NOT yet reinstated on FOREX…“NOT YET TRADING ON FOREX”. Yes, if you go to FOREX there is a benchmark rate for the IQD but it is a linked rate only, linked back to the CBI. It is a page holder. Yes, this is still a very good thing and I don’t want to down play it either…The IQD rate is there…only in preparation for the future. But there is not yet any trading ability to buy or sell.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The CBI is on the news today warning people not to deal with unlicensed companies.
FRANK: If you’re not dealing with unlicensed businesses then those companies are going to go out of business…And fines are going to drive them out of business. There’s no more problems with banks that are using the American dollars in Iraq. They are being eradicated.
Article:
“New statement from Oil on the draft oil and gas law”
REMEMBER… IMO…THE NANO SECOND YOU SEE THE HCL, SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE OF THE IQD.
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MilitiaMan (KTFA)
Article quote:
“There are no sanctions imposed on Iraq by the US Treasury but sometimes there is a tightening of standards…”
They say it twice today in different articles that there are no sanctions imposed on Iraq. If that’s the case and the US Treasury gives the green light then, wow, we really have nothing holding us back…
If they do in fact get the oil and gas law done they’re going to need an evaluation for that. They’re going to need to know what to pay the wealth of the citizens a fair distribution.
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Pimpy
As I watch the markets and read more and more about what’s going on in Iraq it’s really starting to look inevitable that Iraq has to do something with the exchange rate. This gap between the parallel market and the fixed market is starting to get really out of control. We know Al-Sudani made an announcement that he was going to take some steps to close this gap.
Now Al-Sudani is coming over here to the White House to speak to Biden….I’m curious to see if the Biden Administration is going to do anything to help Iraq in their situation. He could help flood their country with US dollars and the dollar would lose value and the Iraqi dinar would gain value. Or they could just turn around and increase the exchange rate.
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MarkZ
[via PDK]
I have not heard from Iraqi sources in the sandbox yet today…. I know they had high anticipation for the 1st…
Comment: I think it will happen in January.
MarkZ: I feel it will be much sooner…so much happening…now and all at one time.
I finally got some chatter from Iraqi contacts today and they did say that things went very well over the weekend (WTO meetings?) and they expect an announcement in the coming days. I got this from a number of sources- both internationally and domestic.
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Samson (KTFA)
Article:
“The Ministry of Oil confirms that the government is continuing to pass the oil and gas law”
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Walkingstick (KTFA)
Question:
“It seems to me the United Staes Treasury wants a new exchange rate for the dinar. Do you think they want the exchange rate not so much to benefit Iraq but for all the Iraqi dinars that we have in our Federal reserves?”
Yes…And the new exchange rate they agreed upon through the RV they gave it to the US Treasury when they went over there last week. That’s why they’re all excited. They know it’s about to happen…Our Feds are pushing for its release to happen now because they got what they wanted…
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Bruce (The Big Call)
[via WiserNow]
I would say, based on what we’re hearing, the fact that the Intel is sort of drying up a little bit, the good and a bad sign, it’s a good sign for us in that – It shows how close everything is it shows how the proximity is ready to go.
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Kaperoni
Despite efforts from the CBI to reduce the spread of the market street rate in Iraq, it still remains almost 18% higher… than the official rate from the CBI at 1310. Not good!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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