______________________________________________________
Dinarland Highlights – 12.23.23
MilitiaMan
They said only one currency by the first of this next year and they also said that the taxation will be on the dinar, customs and borders this year. They’ll have to educate those citizens effectively though – in the next 10 days. We’re going to watch and see how it rolls.
What I’ve always said is it makes more sense for Iraq to have a managed float which is effectively a fixed exchange rate…1 to 1 or 2 to 1, 3 to 1, 4 to 1 whatever they decide to do it makes it easier the higher that exchange rate is to defend…Having a…3 years budget keeps it stable…pricing stays stable. Anybody that says it’s going to float to from a relatively low range to a high range over time they don’t understand. Article quote: “The exchange rate will be fixed especially since it’s been fixed in the federal budget law for 3 years says Saleh...” This is coming from the advisor. Don’t talk about float. It just doesn’t make sense to anybody.
______________________________________________________
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television special is saying we are seeking monetary sovereignty over the dollar.
FRANK: Can’t get any more straight forward to the point than that can we. When they say the word Monetary they mean money…They want your currency to dominate…They have told you after January 1st you will not be using anything but your sovereign national currency. To me that sounds like a currency that has great pride in being announced to the world. A currency that is about to go up in value. It does not sound like the continued sanctioned, programed rate that has robbed you citizens of your future…
The dollar is slowly going down in value inside of Iraq. The Iraqi citizens are removing the dollar from their lives whether it be usage in commercial transactions, business, at the markets. By doing that they’re using their currency the way they were told to do. That action is causing the dollar to lose ground and the Iraqi dinar to gain ground.
______________________________________________________
Pimpy
Remember the goal is to become a cashless society…Just because they’re doing away with the US dollar has nothing to do with them changing the Iraqi exchange rate. I did say IMO towards the end of the first quarter, the beginning of the second quarter you might see a bump in the Iraqi dinar exchange rate only because of supply and demand. If they do away with using the US dollar and they start using Iraqi dinar more in country, that’s going to strengthen the Iraqi dinar. Plus there’s going be a much larger demand for the Iraqi dinar because the dollar won’t be around anymore for them to use…
______________________________________________________
MarkZ
[via PDK]
Pretty quiet from Iraq so far today. One of my sources believe the local e*******s had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today. I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating these new electees. Possibly in a day or so or as early as today.
Advertisement
______________________________________________________
______________________________________________________
Nader From The Mid East
That’s what’s slowing down all this process. It’s people still using the dollar in Iraq. Even me, I use the dollar in Iraq. When I was there last week I use a dollar in Iraq. Why? Because it’s a lot easier. It’s smaller. You don’t carry a lot. You carry $500, $600, $700 with you, $1000 max...If I didn’t have the dollar and If the dinar for me to carry…it would be a lot in my pockets…
______________________________________________________
Kaperoni
…We all know things don’t happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq. And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance.
______________________________________________________
Clare (KTFA)
Article:
“CBI Governor: Int’l welcome to the Iraqi banking sector’s commitment to compliance rules”
Quote:
“For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”
—
Advertisement
______________________________________________________
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
