Dinarland Highlights – 12.27.23
MarkZ
[via PDK]
“Iraq’s ports emerge as key transit points amidst international shipping route changes”
With the unrest in the Red Sea…they have found alternative paths through Iraq using ports, rails and trucks. I think this one is big and solidifies Iraqs position in the international world. They are also shoring up their financial world and Iraq’s position as a trade hub. They are going to need a currency to go with it…especially once the de-dollarize.
Question: What does your gut say?
MarkZ: That we may be in the last week or the last days of this thing.
Question: Do you see any problem with the RV now that they have closed the Red Sea?
MarkZ: I don’t see any problems that would negatively affect the RV… I do see some things that would positively affect them. We have talked about shipping…and the fact that Iraq is becoming a hub in the region…using overland, ports and rails. Iraq is a key and very important location.
Comment: They are building new shipping routes.
MarkZ: Exactly – watch what happens…. It’s getting “crunch“ time.
Iraq is working on a “Equal deal” with China Iran and India for trade and imports. This is part of the de-dollarization they plan to finish by Jan 1st.
Have not heard anything negative. Hearing things are still on track.
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Babysmom (TNT)
WE WILL NOT KNOW WHAT THE RATES ARE UNTIL THE DAY WE GO TO EXCHANGE. THEY WILL BE BASED ON FOREX AND WITH THE DINAR IT WILL BE BASED ON WHAT THE PRICE OF A BARREL OF OIL IS AT THE TIME WE EXCHANGE
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…
FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate. Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar…They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now. But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani. That’s all there is to it.
The black market rate will no longer be…The black market rate is the American dollar. The CBI wants the official rate 1310 to match the dollar rate. That means the currency of Iraq is too low… Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…
Question:
“Can any country RV their currency whenever they want?”
Yeah but they have to go through the IMF. That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate. There is a systematic way of doing it. They’re called international banking laws.
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Pimpy
Article:
“Advisor to the Sudanese: We aspire to end of the parallel market for the dollar in the coming days”
We know they’ve been talking about that now for quite some time. Supposedly the beginning of this next year they’re going to do away using the US dollar and just start using Iraqi dinar for their transactions. Their goal is to get rid of the parallel market all together…
We know they are going to do away with using the US dollar the beginning for 2024. Let’s see how this effects the Iraqi exchange rate. Like I anticipated this should strengthen the Iraqi dinar in a major way and hopefully soon after that it affect the exchange rate…
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Walkingstick (KTFA)
The whole de-dollarization phase the monetary reform is going through right now is in order to not use the American dollar any longer. This system was meant to be temporary. It was not meant to last 20 years…They have stability and security. These are the 2 factors we’ve been seeking. They tell you they have it. De-dollarizing is the last part before you introduce a new exchange rate and a new currency into a country...I should say de-foreign-currency-izing…A country should not have many currencies. It causes many problems.
The 3-zeros the citizens have right now are soon to be replaced with lower denoms because of the de-dollarizing. The American dollar is public enemy #1 for the monetary reform…So are the 3-zeros. Both the American dollar and the 3-zero are being arrested, collected, removed. Therefore the black market rate will no longer be.
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MilitiaMan
Iraq is going to go international. We don’t have very long time to wait as far as what they are telling us. If they throw us a curve ball and we find out something different, don’t shoot the messenger…I hope you have a Happy New Year and I think we’re going to be moving forward with some really positive information.
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Clare (KTFA)
Article:
“A financial expert points out the reasons for the continuous decline in the dollar exchange rate”
Quote:
“On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to…the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar…The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank.”
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Sandy Ingram
A drone attack on a military base hosting US troops near Erbil in northern Iraq…caused casualties…Iran-backed militants claimed responsibility for the attacks…The attacks occurred on December 25th.
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Nader From The Mid East
I’m waiting for the first week of January to see what’s happening. The 1st of January they will make a decision. They will make a lot of decision next.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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