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Dinarland Highlights – 12.13.23
Mountain Goat
…just recently Iraq now began broadcasting news in-country to the citizens that the dinar is an “issue of a homeland” in a real way…a patriotic video…is telling the people that the dinar is valuable and will revitalize the nation…It DOES NOT say the dinar is going to be stronger than the dollar, but it does tell the citizens they should be very proud of their national currency and that it is very valuable. Valuable at 1/6 of a penny? …something BIG is about to happen with the dinar…
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Frank26 (KTFA)
Article:
“Parliamentary Finance: Spending only 20% of the current year’s budget”
Quote:
“the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20”
IF THE EXCHANGE RATE DOES NOT GIVE VALUE TO THE DINAR THEN THE GOI/CBI WILL SUFFOCATE EVERYTHING IN IRAQ!
Quote:
“He pointed out that the government’s move towards currencies other than the dollar will facilitate the issue of trade”
THIS IS THE INTERNATIONAL BASKET!
I believe the new denominations, they’re called lower denominations, will soon be shown to the citizens of Iraq.
Citizens are now being told in [Iraqi] banks about the monetary reform. Why? I told you there would be a massive campaign of education monetary reform…The banks are allowed to answer all the questions now.
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Pimpy
They’ve been talking…for the past couple weeks or even couple months – They want people now to start taking pride in their currency, start using their currency. Their goal is to strengthen Iraqi dinar and one of the steps they needed to do was get rid of the US dollar.
Question:
“Does Iraq need to change their exchange rate in order to be part of a currency basket?”
In the news lately Iraq has talked about expanding their currency basket but somehow, some way, that ended up being that Iraq wanted to be part of a currency basket…I did the research…‘In order for Iraq to be part of a currency basket it may need to consider changing its exchange rate.’ Slow down. Don’t get excited. It says, ‘It may need to consider changing its exchange rate.’...If Iraq was actually being invited to join the currency basket then I would say with confidence Iraq must be doing very very good in order to be invited…
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Walkingstick (KTFA)
What does it mean to float? …It means the Iraqi dinar de-p*****g [from the dollar] and pairing with a bunch of currencies in an international basket from the Middle East…The reason why they’re adding it to a basket is to add value to the currency of Iraq via the international markets…The most important thing here is all of this international movements via this basket are being done with no restrictions…This rate will be determined by the amount of supply and demand of the currency of Iraq in that basket. You can already see that demand is astronomical with all the contracts that have been signed that want to come into the country of Iraq and invest…Currencies have already been swapped.
Would you care, would you be upset, would you throw a tantrum if the Iraqi dinar came out at $0.50? No because it’s going to move fast…Once you set that beast out of the cage it will devour everything. Once you release the Iraqi dinar on an international market in an international basket, oh! That’s the point we’re trying to make. It’s not the rate we seek…It is the release…into a basket.
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MarkZ
[via PDK]
In Iraq they are supposedly opening the 2023 budget on Dec. 20th and have to have it (supposedly) all spent between the 20th and the First of the year when they do their full de-dollarization. There are a whole lot of eyes on Iraq for the next few days leading up to the 20th… Something is happening. IMO.
Comment: I hear the RV will be between the 15th and the 20th.
MarkZ: A lot of people are agreeing with you right now.
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MilitiaMan
The dollar is going away between now and the 20th for commercial purposes. It will not be used as of the same data for taxation in the country… Will they still be able to buy dollars to travel...? Yes. Will they be able to use the dollar for transactions in country for commercial purposes?
Answer, No. Will they be able to use any other currency other than the dinar for commercial purposes within the country as of January 1, 2024? …the answer is no… Standby for this to get really exciting because everything we’re seeing is telling me that we’ve never been here before...
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Jeff
Iraq’s about to revalue their currency very soon...There are some major things coming forward starting next year…
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Sandy Ingram
Article:
“C*A warns Baghdad of serious consequences if attacks against US personnel continue”
Since October 17th the US presence in Syria and Iraq has been under constant threat.
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Kaperoni
It is a fact that Iraq could not float the currency under the current economic conditions it just wouldn’t work. Especially with close to 90% dependence on oil.
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Breitling
Question:
“Does Iraq need to RI by December 31st in order to open their 2024 budget?”
No. I get that question every year. I don’t know why. Who’s putting that out there?
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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