Dinarland Highlights – 11.18.23
We certainly expect it to go by Dec 1st. The latest chatter I am getting from Iraqi sources is the last 3 paragraphs of the HCL have been 100% completed. And the World Trade Organization Iraq ascension is expected within days. They are feeling very confident with their Dec 1st goal. A number of my sources are still saying before Thanksgiving. It looks really good.
The big news…is “Parliament convenes Special Session as alliance nominates three successor candidates to Al-Halibousi” The overwhelming agreement is that Halibousi has been a major roadblock especially on the 3 paragraphs of the HCL…the Kurds and Baghdad. So they removed Al Halibousi who was wildly considered to be a roadblock and kept us from getting across the finish line with the HCL law. From my sources I feel very confident that he was the roadblock. It is very encouraging that he was removed and is being replaced. They continue to tell me they want this done by Dec. 1st. Let’s pray and hope this is accurate.
Wednesday intel call to my contact at the CBI: I was told there was a TV media output broadcast that told the citizens the official rate of the dinar would be over $1 in the coming days. They used the PM Al-Sudani in a speech like format to explain most of it…This is part of the education process. So, it did begin…I was told that the process of the revaluation is now in motion and they expect to begin issuing the newer lower denominations to the banks in exchange for the larger 3 zero notes…when they do distribute the lower denominations to the public for circulation, they will start at the airports first…they are only going to use dinars exclusively as of January 1st, 2024 in Iraq. This is also why they needed and allowed to let the banks now hold other foreign currencies besides dollars.
…Iraq is just moving now to standard protocol in money exchanging. This is such fantastic news. As of January 2024 there will be no more program rate…There will be no more dollars taken by any merchant in Iraq…But what is the timing of the switchover, I asked? First let me say it is not going to be a sudden switchover all at once, as many of us anticipated. I was told it would be more gradual and has already begun. So, there is no turning back…Based on this latest conversation with my CBI contact, it could be said that they might be planning to RV prior to January…I will tell you I have never received such good information before…
Once you see the HCL IMO within nanoseconds afterwards you will see the new exchange rate…
[Spain Bank Story]
As you know I live in Spain. Last Friday I went to the Bank of Spain branch in Barcelona. It’s the Central Bank of Spain. There are only two branches in our country…I showed the man at the counter a 50K dinar bill. The man looked at me and told me they couldn’t change that bill there…but he told me the two banks that will 100% be involved in exchanging this currency is Banco Santander and BBVA. They are the two largest banks here in Spain. They know everything. He even explained to me the process on how to do the exchange. He spent time with me, the amount of cash that I could legally withdraw etc. etc. He knew what bill it was and where it was from. Here they are paying attention to what is going on, what is going to happen in a very short time. They’re not playing no games in Spain…The banks know about everything.
“Federal Reserve Bank, German Central Bank, Central Bank of Italy, Central Bank of Spain, People’s Bank of China…Kuwait Finance House, Riad Bank, Saudi Arabia, First Abu Dhabi Bank and other leading banks will also attend…the output of these meetings is the publication of…working papers…and how to respond to economic shocks…” What they’re telling us is something’s coming…This is the Bank of International Settlements saying we’re going to have a document…for how to respond to economic shock in countries…They’re warning them they’re going to do something. It’s fascinating.
“Private banks and exchange companies express their preparations to reduce the exchange rate”
“Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar”
Without a doubt these last few months for Iraq have seemed very good. They’re heading in the right direction. They’re doing all the things necessary to be accepted back into the International community. Little by little they’re gaining back privileges that they didn’t have before. Before long they’ll have their own sovereignty. We know they are currently working on the ascension into the World Trade Organization. We know now their banks are able to do international foreign exchange transfers into the bank and other countries are doing currency swaps with them. The good news doesn’t end there…
Sudani told the Iraqi citizens your currency will soon be the strongest currency in the world not just the Middle East.
In order for the 2023 budget to be implemented Iraq needed to have publicly posted in the Gazette the budget operating instructions. They never did that. That step never happened…Iraq has not implemented its ’23 budget that’s why they have to resort to financing salaries and have done so since July…If they had an active budget they would not need to finance.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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