Dinarland Highlights – 12.29.23
MarkZ
[via PDK]
…bank story…I am going to leave out the name of the bank so they do not get harassed.: “I went to my nearest ____ bank in California on Mon 12-18 to talk about the possibility of opening an account with them. I told the account rep I had a lot of foreign currency and have been reading that ______ bank was one of the banks doing deals in Iraq and were going to be one of the participating banks when the RV (Re-valuation) happened. I asked if that was accurate? The account rep lowered his voice a bit, smiled at me and said “Yes, they are going to be one of the participating banks when it happens but I would need to have an account in order to redeem”
I asked him if I opened an account today would it help with the process, and would this branch be where I would be exchanging? He said “Yes and No” Yes I could bring in my currencies here…but they would have to send them to a branch in a different city to verify the currencies are legitimate. I asked if I could just drive to that branch and redeem it myself there and he said “Absolutely” and that way you do not have to let your currency out of your sight. So what I call a redeeming bank or redemption center- are locations like that one that are set up to verify and exchange it right there in front of you with trained personnel. RC’s are banking facilities specifically set up with specially trained staff to verify your currency in front of you so you do not have to let it out of your sight.
Well there is plenty of expectation for this weekend…things are highly possible by the first.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year.
FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won’t be able to use any other currency in your country. Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away…You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
IMO the monetary reform will mature...They are trying their best to help you understand they are about to give you [Iraqi citizens] your monetary reform in the coming days. I don’t care what rate it comes out at just release the tiger…
Don’t ever let go of your sight of your dinars until you know you’ve been credited. Don’t let them [bank, redemption center, exchange house etc] send them anywhere else.
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Pimpy
As we close out this year Iraq continues to take steps in a positive direction. Let’s hope this continues. You guys keep asking about a rate change at the beginning of this year. If they’re going to do it it’s going to be done now, not later. I’m not saying it’s going to. I’m just saying if it’s going to be done, it’s going to be done now so they can re-change all the budgets for the years. I don’t think it’s going to happen but we’ll see what happens from here.
There’s no float. It’s fixed 1320 for every dollar. Once it ends up on Forex then you’ll see a float. Most likely it will be a managed float where if it starts to get crazy one way or the other then the government will intervene and control the rate…
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Walkingstick (KTFA)
The blackmarket rate verse the official rate is off by only 10%. They have made great strides with the monetary reform. It has been accomplished. It is done. It is in position to be freed up.
Question:
“Where is the new exchange rate?”
You don’t see it yet but they are telling you directly what you are about to see. They are in the process of making the new exchange rate public…This is the monetary reform education at its best. They are telling the Iraqi citizens while you investors listen.
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Nader From The Mid East
They’re doing great. I can’t wait for January to see what’s next week to see what’s gonna happen. I mean I can’t wait, like the day get longer when you want to know, when you want to see what’s happening there, the days got longer and longer. I wish to see what’s the first step…
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MilitiaMan
Anybody that’s not thinking this is ever going to happen, it has absolutely been in track. The UN is having what they called…the fast track…Nobody’s going to take the Iraqi dinar seriously at 1310…The UN assembly…talked about how Iraq’s going to be a savior for the global financial system.If they’re going to be such a savior…how is it that 1310 hasn’t worked so far?
There’s more to the story…It’s not their job to tell you specifically we’re going to do this, this, this and that tomorrow. They’re not going to do that. But we’re going to watch and see…
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Bruce (The Big Call)
[via WiserNow]
…We have sources from the redemption center that we heard from …That said…they are ready for us…This same redemption center leader is saying there’s a strong possibility that…we could start exchanging on the 30th which would be Saturday… But…other two intel sources which are both very strong are talking about the first and second of January… This is one of those we got to wait and see what happens…we are pretty, pretty much assured starting Monday, and go on Tuesday for our exchanges…
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Angel1
They have met all international banking standards. That was something the US Treasury walked them through…That was a massive deal. Shortly there after the UST signed off on their part. Shortly after the UST signed off on their part they met with the IMF…On the IMF report is this, they approved the pass through from the exchange rate revaluation. In other words they approved for them to go international and allowed them to let it go and the markets will determine what the exchange rate is…We’re looking really really good.
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Sandy Ingram
In January 2024 foreign currencies will no longer be allowed inside Iraq and any violations will be criminalized. The Iraqi dinar will be used for all transitions.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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