Dinarland Highlights – 11.30.23
Bruce (The Big Call)
[via WiserNow]
I’ve been told that we should get notifications… Thursday, very early morning…possibly wake up to it on a Thursday. Let’s see what happens.
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MilitiaMan & MarkZ
[via PDK]
Militia Man: …Iraq is going International big time…Iraq is considered to be one of the world’s wealthiest nations with vast reserves…They have the money they need for a new real effective exchange rate. With the oil, natural gas, sulfer, precious metals etc…they can afford it.
MarkZ: And the rare earth minerals…Iraq has just discovered…Iraq is worth much more now than when the rate was $3.22 over 20 years ago.
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Goldilocks
Bonds increase demand for a country’s national currency. It also increases its value. Iraq is beginning to sell bonds to their people and investors to participate in the growth of their new economy supported by Gold and the Dinar. Iraq is beginning to make moves that will make their countries’ economy self-sustaining going forward utilizing only the dinar to make it happen.
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Frank26 (KTFA)
Every day those that were against it [The dinar/monetary reform], those that were negative like parliament are complimenting and cheering on what is about to happen. Everyday they come up with new ways of saying the same thing.
Article:
“Advisor to the prime minister: Economic policy in Iraq is moving towards implementing the principle of monetary sovereignty”
MONETARY SOVEREIGNTY… ANOTHER BEAUTIFUL WAY OF SAYING WE HAVE A NEW CURRENCY.
Can the CBI, Alaq and the board of directors reduce the exchange rate of the American dollar? No, of course not. They don’t have jurisdiction to do that. Who can do that? The US Treasury. Alaq and Sudani said to the citizens, ‘Private banks will give support to the Iraqi citizens by reducing the dollar exchange rate.‘ What that means is they’re going to give value to the Iraqi dinar…It reduces the value of the American dollar in the country of Iraq.
Coming out at a higher rate could destroy the monetary reform. It could cause it to fail. That’s what they’re working on right now with the US Treasury.
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Pimpy
It looks like Iraq is pushing for its own monetary sovereignty…
Article:
“Iraq is moving towards applying the principle of monetary sovereignty. What does that mean?”
This is actually really good news…This is what we’ve been bugging Iraq to do – get out of the shadow of the United States and do your own thing…In other words, our little child is wanting to be all grown up and make a move to be on its own. This is exactly what we’ve been looking for…Once we kick the training wheels off of Iraq, you have to trust the people who are making the decisions about the Iraqi dinar make smart ones and not s---w everything up…
Next year is going to be very interesting especially if they’re going to start doing everything in just Iraqi dinars. I’m curious to see what kind of effect that’s going to have on the Iraqi dinar. I’m actually looking forward to it.
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Sandy Ingram
Article:
“Inflation rate in Iraq declines in 2023 compared to 2022”
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq’s inflation rate is good compared to many countries where inflation has reached 30% and 40%…
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MarkZ
[via PDK]
Very little out of Iraq overnight. But everything coming out of Iraq this week has been overwhelmingly positive. I know this is tough…I know we have been sitting at the edge of our seats for entirely too long…But, it’s hard to nail down a world-wide historic, once in a millennium event…But we know its coming.
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Walkingstick (KTFA)
At this phase of the monetary reform they have to figure out the note count. That’s what the US Treasury is working with them about as well. The note count that will be released into circulation with these lower denoms. Why? So as not to introduce currency inflation which is part of the experiment they’re running [in Kurdistan with lower notes] IOO. The monetary steps have put the lower denoms and the new exchange rate in position to come out and float strongly without failure because that would be a catastrophe.
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Clare (KTFA)
Article:
“A Chinese advisor describes Iraq as the “largest” investment destination for his country”
Quote:
“Counselor of the Chinese Embassy in Baghdad, Xu Haifeng…said in a press conference held today at the Chinese Embassy in Baghdad that Iraq is a country rich in energy represented by oil and gas, and it is natural that the energy field is a relatively greater source of attraction for Chinese investments, and is in line with the industrial diversity in Iraq”
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MilitiaMan
We all see the writing on the wall at this point in time that Iraq is going to go international. They’re going to be part of the WTO. With them going to the private sector you can just see it’s going to be a robust economy in this country.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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