Dinarland Highlights – 11.20.23
“Iraqi Prime Minister orders a reform of the Iraqi banking sector” He goes on to address exchange rates. “Iraqi financial expert predicts decline in dollar exchange rate.” He expects the dinar to continue to gain strength against the US dollar. “BRICS: Iraq to ditch US dollar for imported goods” They are looking to start their own “free trade zone” for selling local goods in their own currency. With a steep discount for the goods. So by using the dinar they get a better deal on these products. This is part of de-dollarization.
This was a very interesting weekend. Multiple redemption center contacts say they DID WORK THIS WEEKEND…not for redeeming people but for training new people to fill out their rosters. This to me is a very big deal…according to my sources and other people’s sources…they were training more teller level individuals over the weekend in foreign currency and exchange procedures. This is absolutely exciting news. So redemption center folks were spending their Saturday and Sunday in preparation for our exchange. Very exciting. This tells me how extremely close we are.
Question: What is your gut saying today Mark?
MarkZ: My gut is screaming that we are on the precipice …I think my Iraqi contacts are right and we will see it before Dec 1st.
The Iraqi dinar is now going to enter a basket in a float and that’s why the CBI has been talking…about the basket and coins… All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it. They are preparing [Iraqi citizens]. This is the monetary reform at its highest point…
“What if you lost your receipt for your dinar?“
Try to get ahold of the individual you bought it from. If they have records…maybe they might help you. My broker does not…If you lost it. Oh, dear. That can be a problem financially for you because you want to hold your currency for one year…Because…your [tax] bracket is whatever the government says but if you don’t have a receipt or if you don’t hold it for a year and you go exchange…that’s a different tax bracket. They’re going to really bite you hard. It’s the difference between 40% tax and 20% tax…
Article Written by: Baqir Jabr Al-Zubaidi – former Minister of Finance “The ongoing dollar crisis“
“The dollar crisis is a policy crisis of the continued American threat of sanctions, accompanied by the continued bleeding of the currency by private banks that are protected by some influential people, and this conflict is paid for by the citizen…Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar.”
“Iraqi Banks Association: The dollar will fall to the rate of 1,400 dinars… and the date is expected”
“The advisor to the Iraqi Banks Association, Samir Al-Nusairi, expected dollar prices to fall to 1,400 dinars during the first quarter of next year.”
Article [via MeetMeOnline] quote:
“Easing of global commodity prices, the revaluation of the dinar, the continued price subsidies are projected to keep inflation in check…”
This is coming from the World Bank…price subsidies are projected to keep inflation in check because of why? Because of the revaluation of the dinar…The World Bank are the ones talking about the revaluation of the dinar and the revaluation will help facilitate [many things]…
We’re hoping Iraq will show us they have Article VIII compliance any time now. Let’s see what happens…
“Changes in business dealings…Iraq replaces the dollar with other currencies to stabilize the dinar”
All this is good news but it’s going to take a little time for some of this to be implemented. What I’m looking forward to is seeing how Iraq does in the first quarter of next year because by then all the kinks should have been worked out of these programs implemented and we should start to see the results in the first quarter of 2024.
Nader From The Mid East
The facts are true. The changes are true. But the numbers are not true. Iraq cannot afford a rate like this anymore. They can’t…Whatever you hear about  and stuff like that don’t believe it. Revaluation is coming for sure. Yes it is coming…it’s not going to stop. They’re going to keep pushing pushing and pushing and pushing…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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