Dinarland Highlights – 11.8.23
“The central bank of Iraq have decided to resume the sale of gold bars and coins starting from Wednesday Nov. 8th”. …they will be selling to private banks and the government. This is big imo…and shows more de-dollarization. And shows a similar pattern to Zimbabwe…going back to gold to support the value of their currencies.
I know a number of group leaders have been traveling for this thing…but, they are not giving me any specifics. They have been cracked down on what they can say and NDA’s. They have been leaned on hard to not leak the timing of this event. To me this means timing is “sooner” rather than “later”.
I’m told to expect it Friday – if not before…with an announcement coming out of Iraq. We’ll see. Just stay calm. IMO if they are telling us an exact date- It’s probably not accurate. It could be before or after…but they are going to cloud the timing.
[Iraq boots-on-the-ground report]
FIREFLY: Oil and Gas law by the 9th…or have to wait…Without the Oil and Gas no rate until 2024.
FRANK: You say, without the HCL you will not have an exchange rate until January 1st? I can agree with you to a certain point…IMO Between now and January 1 you will see what you want…They already gave you a clue – The dollar will stop on January 1st…
[Community Member Bank Story]
I believe banking experiences are driven by the individual location and especially the training level of the bankers. I mentioned my investment to a baker at Chase yesterday, and she immediately dug out a “Private Client” business card, different than the one on her desk. She said “When that happens, call me.”
One year report card…Al-Sudani and his cabinet…Given all the circumstances I would give Sudani definitely a B- . To be honest I thought it was going to be a lot worse than this. But like I said once the budget is passed we’re going to start to see people’s true colors. The second year is going to tell us a whole lot about Al-Sudani. Just when you think you got the right guy in there who seems to be getting everybody on the right path we have another election coming up again. That’s going to tell us everything we need to know…
There’s a difference between an RV and an RI. The revaluation we seen happen a couple of times. We seen it go from 1,190 – It was devalued and it dropped to 1450. Then it revalued back up to 1320. So revalue we see quite often. RI is a reinstatement. If we remove the sanctions and the currency is reinstated that rate would be $3.22...
“An American official from Erbil: Passing the oil and gas law is a priority for Washington“
The ascension to the World Trade Organization is a key component but they need a value to be able to do that for pricing all the components that are going to come through in and out of the country…That is massive. We’re staring at that right now.
They said while they were at the UN…they’re a sovereign country. They’re going to need a sovereign currency. They’re not going without one.
[Iraqi bank friend Aki update]
These banks that Aki is representing the CBI with, they were exchange centers… but they were converted into banks recently last year. The reason why is because they know a change to the Iraqi dinar exchange rate is coming…
…The Iraqi dinar being equal to the US dollar. I assure you if they change it to that, it will be a redenomination LOP. Which is a neutral event. Not what we want. There is no way for Iraq to afford such an event with over 90 trillion dinar in circulation.
Bruce (The Big Call)
…you know this, this is ready to go and you know, I told you guys I wouldn’t call it but this is probably as close as I’ve ever been…there’s the only thing we were waiting for today right now is the okay by the military. To give to the Treasury they would have the green light to give to the redemption centers and banks…I’m excited about where we are…I think everything is set
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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