Dinarland Highlights – 12.3.23
Bruce (The Big Call)
[via WiserNow]
Lets talk about rates…We had rates on redemption center screens on dinar and Dong that were put out… definitely that were terrific. Excellent… Notice I said on redemption center screens not banks…Because rates at the redemption center will be higher than they are in the banks – Our contacts see rates on the bank screens – They also see rates in the redemption center screens – I can tell you know they are that much higher – as much as 4 times higher on redemption center screens than they are on the bank screens…
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Pimpy
I found the steps Iraq would need to take in order to reinstate its $3.22 rate…Stabilize the economy by addressing issues such as inflation, unemployment and c--------n…diversifying the economy beyond oil dependence…Monetary policy – To reinstate a specific exchange rate the Central Bank of Iraq would need to implement appropriate measures…like interest rates, reserve requirements and open market operations. Third, Foreign Reserves – Iraq’s foreign reserves…The more they get the better it is for them…particularly the US dollar would provide the CBI with the necessary resources to support the desired exchange rate…
Currency Auctions…Adjusting the auction mechanisms and policies could help control the supply and demand dynamics of the IQD…Fifth, Government of Iraq – Investors…have to feel their investment is secure. Having a stable government and stable economy goes a long way. Political stability…that encourages domestic and foreign investment …Lastly, International Support…IMF and World Bank…these organization can provide financial aid, technical assistance and guidance on implementing economic reforms…Those are the steps necessary to reinstate the $3.22 rate. I still think it’ll go up in increments just so they can make sure there is stability in the economy without bankrupting themselves…
Sovereignty means freedom. That means you’re in control. Nobody else tells you what you can and can’t do with your country, with your currency or anything else. That’s the whole purpose of sovereignty. Iraq wants control of their currency. This is what we want for them to do…We have to make sure the people that are in control don’t s---w things up…Let’s hope Iraq is ready to do this because if not it really could be a major setback…
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Frank26 (KTFA)
Some of you were asking, Frank, You don’t want me to take my eyes off of my dinars but some of the banks I called said they’re going to send them to another bank and inspect them and then bring them back? Yeah, well you ask them for the address of that bank and you take your dinars to that bank and let them inspect them in front of you. Once that’s done and they give you credit and you see your account is credited with the right amount well then you’re happy they can have all the dinars you took to them. But never separate yourself from your dinars. There are evil people in this world. They’ll find a way to steal.
The CBI wants more dollars? No, they want less dollars. What does the US Treasury want? More dollars in Iraq? No, they want the CBI to introduce the new currency with the new exchange rate. That will benefit the United States because the United States and the Federal Reserve have billions and billions of dinars stacked up just like they did the last time they did this…with Kuwait from 1990 to 1999. The only problem this time is they took twice [the time]…
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MilitiaMan
The last two weeks what did they do? They [countries around the world] opened ‘corresponding banks’ with Iraq. To do what ? To facilitate trade. Through what? All these different currencies. Is it fact or is it fiction? It’s a fact. I deal in facts. I deal in truth. I deal in data.
Article quote:
“With the assistance of the Untied States…there is opening of accounts or correspondent banks which have now reached more than 40 new accounts.”
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Breitling
Question:
“Why haven’t all the big sharks bought in anticipation of the RI?”
Who says they haven’t? I told you guys with some of the companies that I’ve worked with we did research and we had contact with a lot of senators and congressmen from both sides of the aisle, they all have it. They all have Iraqi dinar. They have other currencies too.
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Nader From The Mid East
The revolution of the dinar exists, yes. Is going to revalue? Yes. When? I don’t know. It can be now. It can be next month. It can be 2 years from now. It can be 5 years form now. You know people are going to hate this but the reality is there…You have to be a realist…You know it’s going to revalue.
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Clare (KTFA)
Article:
“Al-Sudani: We have natural resources that enable us to export products outside Iraq”
Quote:
“Prime Minister Muhammad Shiaa Al-Sudani said on Saturday that Iraq has the natural resources that qualify it to meet the market’s need for local products and export the surplus outside the country.”
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RayRen98 (TNT)
[via Babysmom]
…HEARD FROM…IMF CONTACT LATE LAST NIGHT…WINDOW IS STILL OPEN…TO MONDAY MORNING.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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