Dinarland Highlights – 12.19.23
Wolverine
I received a call on Sat. 16 Dec. from a very high source. All I can say is that Christmas is coming and we are going to have a very good Christmas.
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Yada (TNT)
…I look at the scheduled Budget release that will fund the contacts, tariffs on imports and exports, and infrastructure spending. So much so that a program rate will not be enough and a new rate is anticipated.
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MarkZ
[via PDK]
We have seen the IQD listed on foreign exchanges around the world. But, this doesn’t mean the IQD is fully international with a new rate yet. But it is showing up on all kind of exchanges…regionally and internationally and locally on all kind of bank screens. It has never shown on these before. So we are headed in the right direction. Question: What is the rate that is being shown? MarkZ: Anywhere from $1 to about $4.81 depending on who, what or where it is being shown…My Iraqi sources seem to think something will happen this week. We are looking for huge stuff starting tomorrow on the 20th through Jan 1.
Article:
“IMF staff concludes staff visit with Iraq”
They met with Iraq authorities in Amman, Jordan on the 17th to discuss recent economic developments. They are not worried fiscally about Iraq and things are coming along nicely.
Quote:
“Inflation has declined from its January peak and is projected to stabilize in the coming months—helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, pass through from the exchange rate revaluation,”
They are telling us what they are doing.
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Frank26 (KTFA)
[Franklin Tennessee Bank Story]
BANK STORY PERSON: I’m a pastor south of Nashville…yesterday I thought I’m gonna do my due diligence and reach out to some of the banks in my area…The Franklin/Brentwood area south of Nashville is the richest county in the United States…The first bank was a Pinnacle Bank…the oldest bank in Nashville…I talked to the branch manager and she knew nothing…She knew zero about it…I walked over to the Wells Fargo…I said I’m curious if you guys verify and exchange foreign currency her eyes lit up. She said, which currency have you got? I said the Iraqi dinar. She said, sir we do not and the reason we do not is because there have been several times Wells Fargo has got burned by bad currency…
I thanked her for her time and I thought ok two strikes let’s try Chase which is 50 yards away. I walk into Chase in Franklin, Tennessee, asked for the branch manager…I said sir do you do anything with foreign currency? He said yes we do. He said which currency have you got. I said the Iraqi dinar. He said absolutely yes. He was very excited about it. We were standing right there in the middle of the lobby and he didn’t try to hold back his facial expression, language or anything. He said, yes, we would love to do business with you.
FRANK: Did he say anything else like yeah, we know or we’re in preparation, we’re getting ready?
Bank Story Man: I said, how are you aware of that. He said, we’ve been waiting for this to transpire…
I said, depending on the amount dinar our group brings in to you, can you work with us on the transaction fee or even eliminate it? He said sorry sir we are not…The way Chase has got it established…they have it baked in. That was his exact words, baked in transaction fee into the rate…He can’t change it. I said so no matter what outlet…location or the amount of dinar? He said that’s right, it will not change.
FRANK: What was that fee did he say?
BANK STORY MAN: He said around 4%.
FRANK: Wow, I’ve always said a fair rate is anything like 1%, 2% or 3%. I guess they decided to go one more percent. That’s a lot of money.
BANK STORY MAN: He said I also I want you to be aware of something. He said when you come in to do your exchange, he said realize we can only do $5,000 increments at a time.
I like the idea that from the 20th to the 25th isn’t that a good time to bring forth a new exchange rate? Why? Because they’ve only used 20% of their budget all year. That’s insane…What are you waiting for? New exchange rate. You say you’re going to use the other 80% from the 20th to the 25th? …What did you tell the citizens of Iraq is going to happen on the 1st of January 2024? They can’t use any other currency. What are they going to use? Rocks to buy things with? Shoot rocks are probably more valuable than the used toilet paper that you got right now…The 20th to 25th is logical, the 1st onward is logical.
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Clare (KTFA)
Article:
“E------n Commission: The preliminary results will be announced this evening, and we will conduct a manual count in front of everyone”
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Jeff
Since October of last year [Iraq’s Federal e-------s] they have been setting the economic stage for the rate change… They’re done setting the economic stage. They don’t have any more economic steps to do. That’s why they’re finishing the very last step of removing and cleaning up c--------n at the second half of the government – The provincial level.
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Pimpy
I get it there are people out there telling you it’s going to happen overnight because they have an electric payment system. No, no they’re not going to change your exchange rate just because of the electronic payment system. The electronic payment system will help influence it once it’s up and fully implemented but it has nothing to do with being reinstated. It’ll keep increasing in increments just like I said…
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MilitiaMan (KTFA)
Everybody knows Iraq is about to go International and they’re going to have a digital transformation…When they have this investment budget and they start spending…Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism… mining, sulfur, phosphates…they’re going to have revenue like no other. There isn’t anything else like it, in my lifetime, that I can see is going to trump Iraq… Don’t forget…Iraq has a massive amount of hydrogen for clean energy…nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible…It really is intense on how much money these guys are going to make on a regular basis.
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Sandy Ingram
Article:
“Iraq links Baghdad US embassy attackers to security services”
The attacks against US forces have continued. The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services…
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Nader From The Mid East
The United States have signed off on everything and threw the ball to the IMF. Now everything is in the hand of the IMF. The World Bank, Treasury, CBI, all met…This how it’s going to go now – As soon as they delete all the dollars from Iraq…things going to change.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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