Dinarland Highlights – 12.14.23
Bruce (The Big Call)
[via WiserNow]
I believe that’s going to happen sooner than Christmas. Everything that we’re getting yesterday and today is pointing toward this happening – Very soon…we are right at the precipice of this happening… I think we’re looking at getting this done and having a wonderful Christmas moving into the new year with Prosperity.
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RayRen98 (TNT)
[via Babysmom]
THE IMF STATED THEY ARE FINISHED WITH THE RV AND HAVE RELEASED EVERYTHING TO THE INDIVIDUAL COUNTRIES! WOOOOOOO HOOOOOO!
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Mountain Goat
I asked [my CBI contact] what the next targeted steps were and I was told that the committee does not even know and were told just to standby and the CBI is going to try to “push” to continue as they are ready for the next step in the process. I was told the IMF is negotiating the new peg for the dinar but to remember it impacts all countries in this new peg not just Iraq. I was told this is close to being completed and should be done this week ending. This lines us up for next week to begin the currency sway [swap ?] out, but they told me it is delayed until further notice.
So, at least we now have a timeline when they did plan it and still could do it based on what happens with the US bombing issue. My contact did reiterate that the process now is irreversible and must go forward. The US had already given assurances they would not back out if the CBI moved ahead. So all I can say is let’s sit tight and watch what does happen in the coming week.
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Frank26 (KTFA)
[Beaver West Virginia Chase Bank Story]
BANK STORY LADY: …I got into the wealth department…The lady was very pleasant and nice and she said, ma’am I do have the currency…She explained they should be all set up a week from Friday.
FRANK: I guess it’s no secret.
Bank Story Lady: I said I would love to be your customer. You respect me, I will respect you...I asked what would I need to do? She says just come right up in here to this branch office and we’ll take care of you.
FRANK: They’re ready to do exchange with any foreign currency but they’re not ready for the dinar until a week from this Friday.
Bank Story Lady: …I said I do have dinars, but I do have others…[she says] Yes ma’am we should be ready a week from Friday.
FRANK: They didn’t deny the dinar will be exchangeable, they told you we’ll be ready for the dinar a week from this Friday…that’s the 21st or 22nd…
Question:
“How fast do you think the rate will increase [Once it floats]?”
Frank26: I always thought within a year. [Now] Anywhere within 3 to 6 months IMO.
1 to 1 is s----d…Did they not say their desire is to be on par 1 to 1 with the American dollar? Did they not say their desire is to take that relationship and de-peg from the dollar and go into a basket where the dollar, …instead of being pegged, will be paired with the dollar along with many other currencies…They told us that did they not? I didn’t make this up in my imagination. This is the monetary reform plan…They told us about what is going to happen on the 1st…1 to 1 in a basket to start out with? No. IMO when it comes to calculating…look at inflation factors…M1, 2 and 3 figures …No – 1 to 1 is s----d…it’s ridiculous.
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Pimpy
When this thing happens and it’s gonna happen…we have no idea about 2024. That doesn’t mean it can’t happen in 2024. I’m anticipating a rate change happening in the first quarter as they get away from using the dollar and they use the dinar more, as they start doing business with these countries they did a currency swap with, the demand for dinar will increase and is it’ll go up in value.
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Walkingstick (KTFA)
Why only [spend] 20% [of their budget] in 11 months? IOO they’re waiting for a new exchange rate. They’re going to use their currency…pressure will be reduced on the citizens by adding value to their currency…Stop using the dollar on January 1, 2024 because the monetary reform education is the key and we’re telling you what we are doing. IMO they are telling them all so they will understand where the monetary reform process is at at this moment.
They have told them [Iraqi citizens] a change is coming. Do you need another clue? Come January 1st what are the citizens supposed to do? What are they supposed to use? Should they continue to use a worthless currency? Should they continue to live in misery, poverty, when they were promised other things? Iraq will be another Dubai. What more can the CBI do after the first? Reinstate and float. That will make the Iraqi citizens very happy…
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Samson (KTFA)
Article:
“The Governor of the Central Bank visits the branch of the International Development Bank in Dubai”
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MarkZ
[via PDK]
Most of my Iraqi people think we are within a couple of days. My banking people think we are within a couple of days. Just remember we don’t know the timing. But I am super excited.
In Iraq:
“Central Bank achieves a new step in the right direction to regulate foreign trade.”
Also the CBI just wrapped up meetings with the US Treasury and the Federal Reserve about “Becoming International” and they are content with the changes they have made for Iraq to be fully recognized internationally.
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MilitiaMan
Iraq is presenting that they’re going international and they have been talking about it for a long period of time. They’ve actually doing it for a long period of time and they’re coming to fruition to where they’ve publicly told us they were going to start spending money and that could be as soon as around the 20th. Then you have the end of the year dinar only. They have the taxation in dinar on the same time frame. These little bits and pieces they feed us, their time frames, we put it together…and we’ll see how they roll out in the coming days. It’s a phenomenal process…
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Clare (KTFA)
Article:
“Iraq agrees with the UAE to launch financial transfer and trade financing operations between the two countries”
Quote:
“The Central Bank stated in a statement…that Central Bank Governor Ali Mohsen Al-Alaq met in Dubai with the Chairman of the First Abu Dhabi Bank Group, Hana Al Rostamani, indicating that during the meeting it was agreed to launch financial transfer operations between the two countries and finance trade and imports between them. Iraq and the United Arab Emirates in the UAE dirham currency through First Abu Dhabi Bank”
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Jeff
You’ll be able to go to 53rd Bank on the east coast [to exchange your dinar]. I’ve already consulted with them. You’ll be able to exchange your foreign currency there and they won’t charge you any fees to exchange your foreign currency..
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Breitling
Question:
“These articles that keeps coming out where starting January 1st commercial transaction will only be in dinar – How significant is that? To me it sounds significant.”
Yeah, that’s a big deal. It is. It’s a super big deal because at a minimum it’s the beginning of the end for them raising the value of their currency. It will be the beginning of it for sure.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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