Dinarland Highlights – 12.12.23
MarkZ
[via PDK]
Bank story…sent to me…: A couple of weeks ago I had a team meeting with a VP of a bank. This is a smaller bank. They wanted to know which bonds and currencies I had. They needed to know what I had – in order to set up my appointment and see if they could handle my (exchange) apt. there or if they needed to send them to a larger bank. (Like Wells Fargo) or a military base. So this was a “sit-down” with a high level person at a small bank.
There is nothing negative. Some folks are still thinking it will happen mid-month while others think it will be the first of January. Either way –there is nothing negative right now. In fact everything is very positive.
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Mountain Goat
Article Quote:
“covering imports from retailers Turkey in tens of millions of euros, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros to settle with Turkish merchants in Turkish lira.”
…WOW! WOW! WOW! Iraq is paying for imports in dinars. We have been waiting for this news for so long now, almost 17 years… We also previously heard that Iraq is trading with Iran in dinars too… this is all VERY GOOD news as this is how international trade should work…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: It’s a campaign. They are doing this constantly. They keep telling us they want to build up the dinar and make it the gateway of the country. That’s what they’re telling us – Strength.
FRANK: Is this strength at a program rate? Of course not.
FIREFLY: Here’s a problem they are talking to us about. They’re calling it cash hoarding …They presented it to us as dinar mattresses. They’re saying the cash hoarding hits an all time high here in Iraq. The television report says despite the inflation people are still hoarding the Iraqi dinar.
FRANK: Yeah, but not for long because they are going in to open accounts…bringing in the 3-zeros.
As an investor [in Iraqi dinar] there’s only one thing left for you [to do]. Wait. But, ‘Frank, I’m been waiting forever.’ Not this time around. Wait for it with your eyes wide open.
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Pimpy
Nowhere and I mean nowhere out there is there proof the US dollar now equals $1.39 Iraqi dinars.
Shortage of liquidity…Iraq has been plagued by political instability…the ongoing conflict with the t-------t groups I--S as well as tensions between Kurdistan and the central government this has disrupted the economic activity and discouraged investors. Iraq’s economy is not diversified enough. This makes the country vulnerable to fluctuations in the global oil prices. Iraq has dealt with inflation which has eroded the purchasing power of the Iraqi dinar…Iraq has limited access to international financial markets…These factors had contributed to the liquidity shortage in Iraq. Of course this has had a negative impact on Iraq’s economy.
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Walkingstick (KTFA)
You are going to keep hearing more and more about the monetary reform education until they announce it. This monetary reform was once a secret but…now they’re flat out telling you. That which was once a secret is no longer needed to be a secret. The secret is no more.
The 1st of January is when no other currency will be used by Iraqi citizens inside the country except their own currency. Don’t you think that’s a clue! They are pretty much telling you without telling you. Can you pick up on this intent? You don’t have to be a detective to pick up on a clue like this!
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MilitiaMan
Al Sudani has established a “Unique private sector development council...” …Giving credibility to the private sector is getting ready to explode. It’s going to be phenomenal.
Article:
“Samsung: Iraq represents the most prominent market in the Middle East”
The Iraqi markets are going to explode. Samsung is going to be there all along the way. They will not be alone be sure. Having an early start is a big deal…Iraq’s private sector is going to be on fire.
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Clare (KTFA)
Article:
“Samsung: Iraq represents the most prominent market in the Middle East”
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Breitling
US dollar, Iraqi dinar – they have one of the biggest US dollar reserves on the planet. And that’s what backs up their dinar (outside of their energy sales). They are not de-dollarizing to do business internationally without using the dollar…they’re not getting rid of the US dollar. It’s still part of their reserve. If they’re going to sell oil to the United States they’re going to use the US dollar…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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