Dinarland Highlights – 11.19.23
“Iraq joins EBRD, becoming the 74th shareholder announces foreign ministry”
This is the European bank for Reconstructions and Development. This is a major worldwide organization and bank. They are not doing this for some third world country. Iraq applied to be a member in 2018. But, they waited until now to bring them on board.Does this tell you anything? I believe it tells us we are about to see a currency change. If they are joining an international organization they are going to need an international currency.
The Bank of International Settlements is the central banks of all central banks. They move markets. Commercial traders fear central banks because of the amount of money they have to be able to throw at markets. The Bank of International Settlements talked with language I’ve never heard before in my 30 years of trading. When central banks have to be very very careful on how they say things because what they say will move markets. People can lose and make money.
“The Arab Monetary Fund of the International Settlements organized a meeting…on Wednesday and Tuesday November 15th 16th of 2023”
This article did not come out until the 16th. The 15th they never mentioned it…Why not tell you in advance they’re having a meeting…?
“the meeting comes under highly complex economic conditions…discussing a number of aspects related to the role of monetary policy in facing risks resulted from the repercussions of possible macroeconomic shocks…”
In other words, something is going to happen and they’re telling the largest entities in the world that they’re facing risks resulting from repercussions of possible macroeconomic shocks. In other words if something happens in a small country, something else could happen in a big country…If the bank of International Settlements is telling this to other central banks who does business with other central banks, those that need to know this information just got told something’s up.
[Call the bank experiment results]
Of about 300 people…half of them told me Mr. Frank, they said it’s a scam. And the other half told me, Mr Frank, they told me everything and more…The experiment worked. I didn’t give you a phone number for a bank…I gave you an 800 number for Chase Financial call center…Of nearly 300 phone calls we were able to find a pattern…the names of these operators. We found the operators that were negative…Yet there were these other operators that were…educated or maybe students of the Iraqi dinar said, oh, yes you need to talk to our Wealth Management Department let me transfer you over there right away…The experiment was a success!
[See yesterday’s Spain Bank Story Below 11-18-2023]
“If you just have a small amount of dinars would you just go to the bank manager [to exchange]?”
Yeah. You got a small amount… 100,000, quarter of a million whatever, yeah, go up to the teller and have them take care of you. They won’t take care of you at the counter, they’ll move you over. That’s why they’re building these cubicles all over the place.
…THIS MORNING “3 LTR GUYS SAY THEY ARE NOT SURE IF WE WILL SEE “IT” THIS MORNING OR LATER TODAY AFTER THE MARKET OPENS…BUT THEY ARE DEFINITELY THINKING “TODAY”.. TIME WILL TELL”; “… “ALL IS READY, AND WE JUST GOT THE (GO) SIGNAL. ALL SYSTEMS READY…NO HOLD UPS IN SIGHT. TIME WILL TELL”.
“Source: Iraqi banks will begin strengthening their accounts in UAE dirhams next week”
“Iraqi banks begin straightening their accounts in UAE dirhams next week”
There you go next week they start a different currency swap. This one is now going to be with the UAE. They’re currently working on India as well…This is…necessary for them to do business with one another…These currency swaps can start happening but in order for us to see any real results it’s going to take at least the rest of the year for this thing to get ironed out and implemented…The end of the first quarter of 2024…we’ll start to see some results.
Iraq is rocking and rolling on infrastructure. This is going provide a lot of jobs. This is going to start really opening up the economy for Iraq…Things are starting to rock and roll, let’s hope nothing spoils it…
The reason why there’s no news coming out of Iraq is because Iraq is done with everything. They finished everything needed to revalue. They’re ready to revalue but they can’t and they’re not going revalue immediately because they have to clean up corruption.
“Al-Halbousi faces 4 criminal charges after the end of his presidency”
Boom!… Halabousi is going to be facing 4 criminal charges.
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It’s common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world…The amount of monies a country holds in its reserves has a lot to do with the county’s currency rate…Iraq has the largest foreign currency reserves in its’ history…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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