Dinarland Highlights – 11.10.23
The CBI and the Finance Committee are really tightening their restrictions on the dollar. They need to get this de-dollarization process ended…Why not just make the dinar much more valuable than the dollar “officially” by raising the rate? …we can see the CBI wants to follow up on this outcome…we know they first have to create the demand for the IQD outside of Iraq…That is the hurdle the CBI is now working on. They must now get agreements in place to accept the dinar in trade transactions with other Arabic countries and other developed nations trading partners.
I do know there is a lot of pressure on them. I had a UN contact reach out and told me there is a whole lot of pressure on Iraq to go now.
I continue to hear that they are positioned and we should get an announcement over the weekend and exchanges should start on Tuesday…That is what I am hearing. The chatter is great. But I find it difficult to believe that anyone knows the exact date…for security reasons… My gut is saying we are close. And Iraq has put themselves in a position that it is time to go.
Nader From The Mid East
Pimpy was talking about the sanction about the money sanctions and he was not sure if we were out of money sanction or not...An article came out and said we are out from the blacklist of trafficking money…That means the sanctions have been lifted on the money side…banking side. This is very very good news. Now it’s a matter of time.
Now that Iraq is doing this with the Central Bank, the import of Foreign Exchange does that help the currency at all? …This is a sanction that was lifted. This is opening the door for Iraq to start doing trade again with the international community…
I still think it’s going to go up in increments. That’s because there’s too many factors that have to be looked at in order for an RI to actually happen. Now I’m not saying it’s impossible…Know a lot of you out there get pissy about what I say. Look, it’s just my option and I share why I come up with that opinion. For all I know tomorrow we wake up and they reinstated a $3.22 rate. That would be awesome and people are like well, well pimpy was wrong…That’s one time I won’t be depressed about being wrong…
You can’t vote on the hydrocarbon law for the citizens without revaluation. You have to have value…Just like the World Trade Organization. You have to have a value for ascension. That’s my view….I think it’s falling into place. It’s really looking kind of cool…
They just told you their natural resource wealth is just phenomenal. They’re telling you their taxes and tariffs at the border have been activated…tourism…all of that. What do you really know about what you own. Pay attention to that.
“Misdemeanor Integrity Court: Iraq has come a long way to get off the money laundering blacklist”
“Economist: It is not possible to mint an Iraqi coin currently, and inflation is a thousand times high ”
[Iraqi bank friend Aki update]
When Saddam was removed, many retirees…expatriots…soldiers…citizens left Iraq…A great portion has come to the United States of America therefore these [CBI affiliated] private banks are needed for the reinstatement for the Central Bank of Iraq to re-collect the 3-zero notes that are missing…They turned the private exchange centers into private banks for…the change in the exchange rate of the Iraqi currency.
There’s only one thing we’re waiting for – Sudani to introduce the new exchange rate. [People say] Well no Frank, we’re waiting for the new exchange rate to get to Sudani from Alaq. [No.] they already got it...Sudani took it to New York and the Untied States Treasury and they looked at it and they said, wow! Okay, go home and get it done… And he came home.
Bruce (The Big Call)
…we heard that redemption centers had two conference calls… to go over the final details, last minute touches…Before we go…they did say that this came off the calls, that we should have our notifications delivered to us by email tomorrow late morning…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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