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Dinarland Highlights – 12.11.23
Mountain Goat
Article:
“PARLIAMENTARY INVESTMENT AND DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION”
Quote:
“…the Industrial Investment Law has completed its first and second readings, and is ready for a vote in the House of Representatives during the current session…”
This Industrial Investment Law goes hand in hand with the revaluation of the dinar and rebuilding of the economy. You can see it all coming together and 2024 will be explosive…
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Pimpy
Rumor the exchange rate had changed. It has not changed…It doesn’t make sense for them to change the exchange rate in one location and not another. What’s to keep people from taking their Iraqi dinar to the new 1 to 1 location, exchanging their currency, getting tons of money, running back over to another location that has not yet changed the exchange rate, buy more cheap Iraqi dinar, then run back over to the new exchange rate…You’re making millions of dollars. This is why you’ll never hear, ‘Oh, they have an in-country rate and out-country rate.’ No, the rate is the same. That doesn’t make any sense whatsoever…no where out there is there a location where it’s 1 to 1 and not at other locations.
They’ve been talking now for several months about needing to strengthen the Iraqi dinar, doing what they need to do to close the gap between the official rate and the parallel market. One of the steps they need to do…is to stop using dual currencies…do away with the US dollar and just use strictly Iraqi dinar. They’ve been taking steps to make that happen. They had already started it in…government buildings…but now as of January 1, 2024 that’s going to be the start of the nation…strictly using Iraqi dinar…to me this is a great step moving forward for Iraq. But it’s one of many steps they have to take…
There are some people who are unclear … when I say Iraq is relying too much on oil. This is an issue. That’s why there’s no stability in the economy of Iraq. When 95% of your economy is based on oil sales then there’s always a potential for the economy to take a dive if for some reason oil prices drop on Iraq. We saw that happen in 2019/2020 when the oil prices dropped…It also affected their liquidity…Iraq has set the price per barrel of oil in the budget at $70 per barrel and right now Brent crude oil is selling at $71. This is not good. If it slips any more then Iraq is going to definitely be running in a deficit which you don’t want.
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Frank26 (KTFA)
We’re at the stage now where there’s no need to look for anything. There’s a need to watch everything that’s coming out. Everything that’s going to be coming out is the ambrosia of our study, the reward of our years of studying together.
IMO the CBI meetings is in Dubai of all places. It’s pretty obvious why. Iraq is going to become a Dubai.
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MarkZ
[via PDK]
…I am hearing the push is to be well underway by [January]. I’m hearing they still want money moving by Christmas. But nobody knows the timing…
Banking people are telling us we are in the window between now and the first of the year.
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Sandy Ingram
[We] tried to ignore this news however, that is not possible
Article:
“Iraqi PM places security forces under investigation over US embassy attack”
Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq.
Article:
“Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire”
When you attack the embassy of another country, this is far more serious.
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Wolverine
…The big meeting in Dubai is finished now – everything is ready. Iraq is ready. They should be ready to celebrate. Then so should we. My Whale said it all looks good, everything is moving. By Mon. 11 Dec. they will be celebrating in Iraq and it is my opinion that so should we.”
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Nader From The Mid East
It’s a very good video [Central Bank Iraqi’s dinar p********a/advertisement video that came out Friday – you can see it below Guru Frank26’s 12-8-2023 post] . I like it a lot…It’s an advertisement for Iraq to use only Iraqi dinars. That’s very very very good thing. That’s big big step. Big step we taken. It’s not bad…I said it before and I’m repeating it, in January things it’s going to change big, big, big, time. Big time. If I was you, I’ll be ready.
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MilitiaMan
If the Finance Minister needs to work to the end of the year to make sure that everything’s sorted and ready to go and do it right and do it properly so the Iraqi citizens get what they deserve which is purchasing power. I think it’s a phenomenal situation. I think everybody can clearly see…they’re doing it and it’s coming to fruition…
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Clare (KTFA)
Article:
“Iraq requests US Treasury assistance in tracking the funds of S****m Hussein’s regime”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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