Dinarland Highlights – 11.23.23
Mountain Goat
So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate it’s own currency? Why do I say “now is the time”? We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such? We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it… We know they have plans for yet more Sovereign Funds to invest their reserves. We know they are making agreements now for “currency swaps” and will no longer be using any US dollars in Iraq as of January 1st 2024.
We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry? We know the value of the IQD right now without any further economic development does exceed even pre-1991 era ($3.22) but still at 1/6 of a penny? We know Iraq now pumps 2/3 more oil than in pre-1991 era. We know Iraq also has announced 132+ tons of GOLD reserves. We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why? Finally, we know, the CBI has told us that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year. Just be patient, the reinstatement is coming and I firmly believe with what we now are 99% sure it is going to be a January 2024 event. WOW! Finally!!!
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: For the first time we’re seeing a video. It’s new. It’s 10 minutes long. It’s being shown to us every day now this week…They say they are dedicated to the Iraqi citizens to keep us updated on the changes by the banks on our new monetary system reform…It will be every day updating us on new financial news.
FRANK: They told them now every day for 10 minutes during the financial report of Iraq Channel One we’re going to start to talk to you more about the monetary reform…These are the things we told you they were going to do. Pretty cool.
When is it going to end? When are we going to have our blessing? When is the new exchange rate going to come out? The chances of that happening are like 99% improved compared to any date in the past…
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Nader From The Mid East
The CBI website it’s been 3 days on and off. I don’t know if they’ve been hacked. I don’t know if they doing updates. I don’t know what they doing but it’s been done. Yesterday I Have a lot of errors, today it’s blank…
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MilitiaMan
Article quote:
“Many countries in the region and the world have expressed a great desire to participate in this project [Iraq’s Development Road Project] especially since it will be the most appropriate, shortest, least expensive way to transport goods between the continents of Asia and Europe“
It’s going to be a major hub of the globe and you’re thinking that Iraq can’t ever revalue their currency? I think that is just flat-out silly. To think that it’s not going to ever happen…the news speaks for itself…
What’s the exchange rate crisis? It’s been at 1310 since the early part of 2023. They devalued to 1460 then they adjusted it by 10%. What’s not good about that? What did it prove? That adjustment the World Bank was talking about of 10.3% is actually a positive sign because what did it do? It staved off inflation…There’s some positive aspects to some of these things…Revaluations happen. They need to be tested.
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Pimpy
Every decision they make when it comes to Iraqi dinar absolutely positively affects the economy. Before they can make a decision to either devalue the currency or increase the value of the currency they have to sit back and figure out how it affects the economy…Iraq is mostly an import country. They rely way too much on other countries providing goods for them. An increase in Iraqi dinar would make those goods cheaper… They’re still trying to rebuild so an increase in the value of the exchange rate would help them go a long way. It would give them more purchasing power and imports would be a lot cheaper.
The good news keeps flowing in. That’s what we want to hear. That’s what we want to see…
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MarkZ
[via PDK]
I can tell you so far this morning none of my redemption center contacts have been called in yet. But they are “on call” today. They are on a short leash which is very unusual for a holiday weekend.
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Kaperoni
If and when the day comes where Iraq begins to diversify their economy, then they can begin to withdraw some of the larger notes from circulation and begin to raise the value to counter inflation gradually. This process then could begin to introduce a smaller notes to replace the larger notes as the currency appreciates. But again, this would have to happen gradually over time so Iraq could reduce the money supply, which currently is over 90 trillion.
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RayRen98 (TNT)
[via Babysmom]
TURKEY DAY UPDATE “SOME CURRENCY REGULATOR TYPES ARE REPORTING TO WORK LATER TONIGHT…WORKING THE “HOLIDAY” NIGHT SHIFT, LOOKING FOR SOMETHING TO HAPPEN BEFORE THE SUN RISES. TIME WILL TELL”.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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