Dinarland Highlights – 11.16.23
I have had more banking confirmations …saying that all we are waiting for is a “GO” and any final instructions for anything that may have changed last minute. I talked to some banking sources…and it is overwhelming the banks saying we are at “any moment” and a number of them are saying it’s this week. The sheer number of bank sources from different banks (3 regional banks and 4 major banks) that were told to get ready for any moment this week…Whether it is this week or not – the chatter is sure great.
My gut agrees with my bankers. They say it could be any moment between now and Dec 1st. That is the latest from the banking side of it. I hope and pray they are right…This “Any moment” alert sure fits with what we are hearing from Iraq. The WTO, UN, banks and Reno.
If I WAS THE CBI, I WOULD BE FOCUSING ON THE NEW EXCHANGE RATE AND THE NEW CURRENCY TO COME OUT TOGETHER…SUDANI IS IN ERBIL WITH BARZANI, AND THEY ARE DEALING WITH THE LAST THREE PARAGRAPHS OF THE HCL. THEIR INTENT IS TO RELEASE IT VERY SOON IF THAT IS THE CASE, THEN IMO THE NEW EXCHANGE RATE AND THE NEW LOWER NOTES SHOULD FOLLOW. REMEMBER WHAT I’VE ALWAYS SAID…THE MOMENT YOU SEE THE HCL SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE.
[Colorado Bank Story]
FRANK: I’ve had so many bank stories in the last two weeks that it not only knocked me off my feet but I’m still floating up in cloud nine. It’s not secret. What happened.
BANK STORY GUY: I live in a very small town in Western Colorado. I’ve been banking with the same bank for 30 year…The bank president…borders on the edge of being a very good friend…This morning I walked into the bank…and I saw him sitting in his office and…I said you know 4 or 5 years ago I started talking about the dinar and he said yeah…he had on his poker face…I said myself and my wife have X number of dinar. He said ok. I said I hear Sudani talking about a date of January 1st that you can no longer use the American dollar in Iraq.
And considering they’re now talking about releasing change to the people. I said, when I first started talking to you about this the exchange rate was about 1470 roughly to 1…does it make any sense to start issuing any coinage? He kind of grinned at me big. He said, no sir it really doesn’t. I said, Tom, I’m nervous…I know what the FDIC covers and …you know how much currency I have. Even if it goes at 1 to 1 I’m kind of spooked about how much wealth I could lose. I said…you’re a small bank. They’re very well known throughout the state of Colorado…but they’re not a Chase or Wells Fargo. I told him I’ve got a Wells Fargo account and I said honestly Tom I hate that bank but push comes to shove I can transfer my funds.
What’s funny all of a sudden his poker face breaks and he says when it comes time to do the exchange I’m sure we can… assist in some way. I said that’s what I was hoping to hear. If and when the time comes, you and I have been friends for a long time, you know I have 100% trust in you, do I come to you to get advice on how not to lose my funds? He’s says no. I’m going to set you up with a wealth manager and he immediately is typing stuff in to his computer and this is what caught me off guard, he turns around and he says you know I’ve seen exchanges and movement in the dinar in just the past few days… I said I got to get to Albuquerque this afternoon…I got to get going when I get back I’ll give you a call…I stood up and shook his hand I said you know what I probably won’t talk to you for a while so Happy Thanksgiving to you and your family…and he said oh, we’ll talk before that.
FRANK: There it is!
The process to exchange your dinars it’s not going to be as difficult as your mind tells you right now that it’s going to be.
There are a lot of things happening in Iraq that are contributing to the growth of their economy and the strengthening of their currency. If Iraq could just get out of their own way.
What would really be a super huge lift and bring a ton of value to the Iraq dinar is if they get away from the greenbacks and start using their own currency to do transactions for the oil. That would be huge.
The Hydro-Carbon Law will require an international exchange rate. The 2023, 24, 25 budget will require it. The salaries and the payment to the citizens will require it. The WTO will require one. The house contracts will require one. The Development Road Projects, economic and financial reforms, all of them are going to require an international acceptable Article VIII compliant exchange rate…
If you own this currency and are an investor and you don’t know what you own it’s time to pay attention…because this is all coming to fruition…It’s a beautiful time frame to be a so-called ‘dinarian’…
You’re like, why hasn’t Iraq revalued? They’ve gotten everything done?‘ And they do! Iraq has everything done. They’re ready to revalue but they’re not going to revalue till they tackle corruption…They have to remove this corruption.
On Wednesday the Prime Minister of Iraq’s advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its’ history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy…
A lot of people probably don’t realize, but I’ve been in the dinar investment since 2008. Probably one of the most knowledgeable on the facts, and read most professional documents ever written pertaining to the dinar. I know what I’m talking about.
A GOOD SOURCE SAYS, “ALL IS READY, JUST WAITING ON THE (GO) SIGNAL…ALL SYSTEMS ARE READY…NO HOLD UPS IN SIGHT TIME WILL TELL… “AGENCY FOLKS ARE ON HIGH ALERT…”
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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