Dinarland Highlights – 12.5.23
Mountain Goat
The [CBI] contact…told me thatthe rate is going to change very soon but not backwards only forwards, meaning to go up in value and not down. I was also told that as an investor we will like the final rate. Again, it was emphasized to me that there would first be an in-country rate (close to USD 1 to IQD 1) during the swap-out in Iraq of the three zero notes and then later a new rate once the dinar is liberated back to the foreign currency exchanges and re-pegged. At this point the in-country rate goes away. There will NEVER be two rates…They wanted to make this point very clear to me that this is the process. When the in-country rate comes out there is little we, as investors, can do to exchange and our turn-out will come later, if we so choose to give up our dinars.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TV says we are moving towards monetary sovereignty.
FRANK: The reason they tell you this is because it’s moving towards a monetary sovereign national currency that will replace the 3-zero notes that are worthless and also replace the American dollar…They’re not hiding anything. It’s not a secret. Everything is out in the open…
You are now standing on the grounds of the RD and you’re soon to walk into the float. These are the steps. This is the journey you’ve taken whether your recognize it and understand it or not. The monetary reform is moving forward beautifully.
Article:
“The President of the Republic: There is no dollar crisis in Iraq”
OF COURSE NOT… THERE’S A NEW NATIONAL CURRENCY & A NEW EXCHANGE RATE COMING… AND EVERYONE KNOWS IT.
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MilitiaMan
World Bank Article…the part here I like the most:
“…an expected influx of imports driven by the dinar revaluation and the significant increase in government expenditures…”
If you think about this for a minute if they give the citizens purchasing power are they not going to drive up an influx of imports because everybody has a little bit more money to maybe buy a new car, carpets, paint their house, build an addition to their home. They’re going to have that extra money for those kids…The World Bank has an expectation of influx of imports due to what? ‘…Driven by the dinar revaluation…‘
In July Alaq the Central Bank governor said the project to delete the zeros off the currency exchange rate still exists. I think it’s fascinating and awesome…
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MarkZ
[via PDK]
Question: How do we hold on to faith when everyday is a groundhog day?
MarkZ: The problem is we are trying to pick the timing of this historic event. We are looking at all the pieces and trying to guess the timing…You are watching it happen…all the greatest economic voices tell us it is coming…it is not a groundhog day even though we are not across the finish line yet.
Iraq has…told us there will be no budget deficit in 2024. Next years budget starts Jan 1st. Without a revalued currency their deficit should be over $100 billion dollars…so the only way they cannot have a budget deficit is with a change of value in their currency …that is news worth reporting…And Iraq says they will be totally de-dollarized by Jan 1st. They are telling us what they are doing.
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Pimpy
‘Pay stations around the country where you can cash in your dinars‘ She’s full of c--p. Pay-stations? I guess that’s the same as redemption centers, right? Let me put it this way, How does everybody else deal with other international currencies? Why would Iraq be special for some reason? It’s not like Iraq’s the only currency to be devalued and possibly revalued. All international currencies are done the same way.
There’s no 800 numbers. There’s no redemption centers. There’s no pay stations or however way you want to cleverly call these things. It’s all bull c--p…IQD is bought and sold the same way as all the other currencies. You can go to any currency exchange location and swap out your currencies or buy currencies there. Go to any international airport and they will have a currency exchange center there…No there’s no special stations planted all around the world specifically for the IQD…
We know e-------s are coming up and we know what happened last e------n. I’m not trying to jinx it but we’re definitely hoping that everything goes a lot smoother than it did last e------n.
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Breitling
For Iraq it’s not a question if more dollars are coming into Iraq, it’s do the average citizens have access to them. That’s what they’re trying to fight…They want to take the dollar out so the supply times velocity of the dinar goes up.
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Walkingstick (KTFA)
[Iraqi Bank Friend Aki update]
There is a meeting going on in Dubai…What they’re doing is finalizing the exchange rate. They got the currency in position and what they need to do is…get the exchange rate in position too…
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Clare (KTFA)
Article:
“Government source: Starting to implement the banking arrangements agreement with Türkiye”
Quote:
“The Central Bank has reinforced tens of millions of euros as an initial payment to cover retailers’ imports from Turkey.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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