Dinarland Highlights – 12.4.23
Mountain Goat
…The rate is NOT going to start at 1/6 of a penny and climb from there when it does get reinstated. The rate has to reflect the TRUE rate of the value of the assets Iraq now holds. Not the value of an intentional, sanctioned, suppressed currency. Why would they even bother to do all this work for the banking, financial and currency reforms if they were just going to leave the rate at 1/6 of a penny?
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Pimpy
Article:
“Central Bank reveals two agreements during joint Iraqi delegation talks in Turkey”
This agreement with Turkey allows…merchants to purchase goods from each other’s country using their own currency. If I’m a merchant in Iraq and I want to buy goods from over there in Turkey to sell in my store I can purchase those goods using Iraqi dinars and vice versa. If I’m a merchant in Turkey and I want to buy some goods that I can sell in my store over here in Turkey I can use the Euro or the Lera and then the banks will settle the issue with the two currencies. That’s why they [the banks] do currency swaps. These are pretty big hurdles Iraq has managed to get over. Let’s hope they continue down this path and nothing bad happens…
Still today I can’t find any news so called restrictions removed. No restrictions have been removed yet.
Question:
“Are there steps Iraq can take to have the $3.22 rate reinstated?“
Yes. I’m not saying that they can do it…I’m not saying it’s not going to increase in value, I’m saying it’s just not going to happen overnight. We’re going to see it continue to increase in increments. Just give it time. You’re going to start seeing it jump up and just hold on to your dinar.
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Frank26 (KTFA)
Question:
‘Is it December for Iraq or for international as well?’
[Frank’s current timeline for the RI is before 2024]
Both, because the citizens will be receiving their purchasing power and the currency will then start to go outside the border in international trade and start to climb in value.
On January the 1st of 2024 you [Iraqi citizens] will not be able to use or touch the American dollar in any way, shape or form anymore. The CBI…will tell you not anymore, come and get your new small category notes and let us introduce you to your new exchange rate…it is now coming IMO…
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MarkZ
[via PDK]
…today at 4:15 pm the Fed will have a meeting on “FOREIGN EXCHANGE RATES” This does not pop up on their calendar very often but today they are discussing foreign currency exchange rates at the Federal Reserve at 4:15 pm. Could this be what we are looking for? It’s possible.
Iraq is being very clear the dinar will be higher than the dollar and no more dollars after Jan 1st…They are telling us everything we need to know. We just need to stay calm.
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MilitiaMan
Article:
“It’s time for the Iraqi economy to be linked to the global economic cycle. Al-Sudani stresses the government’s endeavors to achieve an industry that exports its product outside Iraq.”
That’s exactly what we need. Everybody knows Iraq has been an import country and they’ve been using oil as a revenue stream. Now they’re going to go from a rentier oil industry to a non-oil revenue stream country…You have the industrial cities, liquid natural gas, tourism, agriculture…Iraq is filthy with minerals.
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Sandy Ingram
The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar…[We’re] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.
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Kaperoni
If Iraq is ever going to raise the value of the dinar there are several things that need to occur first of which requires Iraq to diversify their economy away from oil. To create a private sector, employ their citizens and begin to manufacture, create agriculture etc. This is an absolute requirement to be self-sufficient. Currently, Iraq Imports about 90% of the goods they need.
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RayRen98 (TNT)
GOOD SOURCES INFORM THAT THEY ARE ATTEMPTING TO PUSH IT ON OUT TONIGHT…INTO THE MORNING.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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