Dinarland Highlights – 11.21.23
Frank26 (KTFA)
Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320…They were supposed to make the next step. I told you at that time, ‘Now that they’ve made this movement, let’s say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket…’
Article quote:
“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.”
What?!? Word for word of what we taught you…This is the last step. IMO the CBI is going to be going to the US Treasury next week…This is exactly what we want next.
We want to see what Sudani and Alaq are saying. We don’t care one bit about anything else…Why don’t you care? Because there’s only one thing I care about, that’s the new exchange rate…
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Samson (KTFA)
Article:
“An upcoming meeting between the Iraqi Central Bank and the US Treasury next week”
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Mountain Goat
The saga about the Iraqi dinar RV only gets better and better as the months roll on. Folks, we are almost done with this long journey. More and more pieces of the puzzle are put in place over these past weeks. We can now see the picture and see it clearly. It has become not a matter of “if” this event will occur but “when”. Iraq has given us further nuggets of information to speculate but with pretty good evidence that our speculative conclusions maybe spot on.
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Clare (KTFA)
Article:
“An upcoming meeting between the Iraqi Central Bank and the US Treasury next week”
Quote:
“…new meeting between Iraq and the United States of America regarding the dollar…On (last September 19) in New York, Iraqi Prime Minister Muhammad Shia al-Sudani informed the US Treasury Under Secretary of the expansion of his government’s work in reducing money laundering operations, while the latter indicated that the confidence of global financial institutions had been restored.”
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MarkZ
Question: What is the difference between and RV and an RI?
…RI means they are re-instating the old value. An RV is revaluing at something different than the old value. Either one will be great for us. If they re-Instate it – I believe the rate was $3 something…maybe $3.30 or so…. Even with a re-instatement they are able to add more for inflation which could put it in the $4 dollar range. That is the basics.
They are really screaming today…. What is really shocking when I talk to some of my folks in foreign currency and Wealth Management…I call them redemption contacts…Well, they are on call tomorrow. This will be their first major holiday where they are actually “ON CALL” in case this happens. This was a big one IMO. This was a first for me.
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MilitiaMan
Article:
“Alaq says the rise in the exchange rate in his time and the project to delete the zeros still exists”
When was that? July 26, 2023. The plan is still underway, hasn’t changed. It’s a dynamic and fluid circumstance. We had the Bank of International Settlements come out and talk about highly complex financial transactions …shocks, warning people…we can see there’s some fireworks going on…in the background.
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Pimpy
In the news we see Iraq is involved in another currency swap…The fact they’re now starting to prepare themselves to do currency swaps with UAE is big news. The more they do that with other countries the stronger the Iraqi dinar becomes. Think supply and demand. In order for you to do a currency swap you have to take in their currencies and they have to take in yours…
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Walkingstick (KTFA)
[Aki Iraqi Bank Friend Update]
Number 1 [Aki’s Boss] has informed Aki the CBI is going to have…’All hands on meeting’ to share the results of a recent CBI meeting. These meetings are continual and only with the banks, no politicians. These meetings were with all the upper management of every bank in Iraq…IOO they’re talking about the new exchange rate of the Iraqi dinar and the new small category notes…We told you there would be one last rate change on the exchange rate of the Iraqi dinar. Aki suggested to us it would be 1,200 to 1…
WALKINGSTICK: …Look more for 1000 to 1 because when they get there then they can lift the three zeros.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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