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Dinarland Highlights – 11.6.23
Mountain Goat
Article:
“PARLIAMENTARY FINANCE: WE RENEW OUR SUPPORT FOR THE CENTRAL BANK’S MEASURES TO CONTROL THE EXCHANGE RATE”
Article quote:
“Al-Atwani denied “the news circulating that there is a tendency to dismiss the governor of the Central Bank.”
Nice to see that it was just more rumors…He is an intelligent, patriotic and most important wants the RV as much as we do.
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Pimpy
It’s definitely going to revalue. They’re under sanctions, as soon as the sanctions are lifted and Iraq can get their crap together then definitely it’ll be done…If they remove the sanctions I’m curious to see if they’re going to go up in increment or are they going to just reinstate the $3.22 rate. That’s always a possibility…
The only reason why people are picking up dollars on the black market…is you can get a lot more Iraqi dinars than you could at the official exchange rate at the Central Bank of Iraq. So if you’re trying to make ends meet and you happen to get your hand on dollars because you got relatives over there in the United States making good money and they’re sending some money back to you well of course you want your dinars to stretch. You’re going to get more dinars for your dollar…Iraq needs to increase their exchange rate so the desire to want to get rid of your dinars decreases and people start using the dinars and not needing a dollar so much…
You always hear these people saying you have to have humanitarian projects and I keep saying no you don’t have to have humanitarian projects in order for you to exchange your currency. People misunderstand what I’m saying. I’m not saying don’t have a humanitarian project, I’m saying it’s not necessary…
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Nader From The Mid East
Purchasing power…when you buy for $100 over here [U.S.], over there [In Iraq] cost you $200. If it [dinar rate] goes to 1 to 1 if you buy it in America for $100, we’ll buy over here for $100 too.
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MarkZ
[via PDK]
Seems that things appear to be heating up…so many rumors.
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Kaperoni
The dinar cannot go up in value until Iraq diversifies and creates significant economic growth. The current conditions in Iraq will continue to keep the dinar weak…Until they pass laws…there will be no change. We have a window now over the next three years…
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MilitiaMan
The Mineral Petrochemical and Fertilizer Investment Conference which was held in May 2023 – natural resources, oil, gas…fertilizers, refined sulfur…Starting to get that picture now where the money is going to come from to support…them being able to support an exchange rate that’s going to be an international one? I think we can start to see it’s coming to fruition.
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Frank26 (KTFA)
Question:
“Do you think Iraq will eclipse the UAE?“
Yeah I do. I think they’ll eclipse all middle eastern currencies because all Middle Eastern currencies will be inside of Iraq. It’s the only country that can say that.
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Sandy Ingram
Iraqi dinar IQD – we do not know when the IQD will revalue or increase in value against the US dollar however out of each of the [low value] currencies [Vietnam dong, Indonesia IDR, Filipino PHP, Egyptian EGP, Turkish TRY, Zimbabwe] Iraq has the most natural resources and the greatest positioning for global financial growth.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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