Dinarland Highlights – 1.4.24
MarkZ & Militia Man
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions. Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
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Frank26 (KTFA)
Question:
“The war is likely escalating in the Middle East. When Iran gets involved will this negatively affect the rate? the float?”
IMO the war is affecting more the relationships between counties in the Middle East…As far as it affecting the monetary reform of the Iraqi dinar that’s in a sealed envelope…figuratively speaking. It has nothing to do with the war. Once that envelope is opened, it would definitely/probably have some cause and effect on the float, in the basket. Because what countries are in those baskets? Yeah, the ones that might be affected but I don’t think it’d be affected in a negative way. War has a tendency to (snap) speed things up.
Question:
“When the rate is changed IYO will the Iraqi citizens be exchanging their 3-zero notes in country before the rate is on Forex?”
Iraqi citizens don’t care about Forex. You care about Forex. Because that’s one of the vehicles/platforms that’s going to float the currency and go up in value internationally. But inside a dinar is a dinar. Whatever the rate is that they establish, it could be $0.10, it could be a $1.00…that is what they will use inside of their country not outside.
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Pimpy
Question:
“Can you give us more details to some of us who don’t quite understand the deletion of the zeros…?“
Here’s where people get pissy because there’s an article everybody keeps talking about, the study of the deletion of 3-zeros. Pay attention to the wording. It doesn’t say anything at all about the exchange rate. It says clear as day, the deletion of the zeros are to remove the 3-zeros off the currency, the bank note. Nothing about the rate. The bank note…It’s not complicated…The worst thing that can happen for us is those suckers turn around and delete the zeros and then change the exchange rate…I’m not saying they’re going to do that, but it is an option…Most likely they’re going to change the exchange rate in increments…
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Walkingstick (KTFA)
The closer we get to this monetary reform, much more will be revealed…So much is already being revealed and put in print but as we get closer you will see so much more.
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MarkZ
[via PDK]
…a number of banking contacts keep saying to “stay calm- it’s coming”…I feel fantastic about where we are. Iraq says it is pushing forward with its economic reforms this month…Let’s see what happens in January.
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Sandy Ingram
The Iraqi dinar is not on the Forex market, yet. The Iraqi dinar is an exotic currency, as is the Vietnam dong… Currencies are traded in pairs on the Forex Market. The 3 main types… majors, minors and exotics…The more liquid an asset the easier and more efficient it is to turn it back into cash. Major currency pairs have the highest trading volume… Exotic currencies…are not traded that often. There is little technical analysis or data available to support trading decisions for exotic currencies…
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Angel1
Here’s one way they can do it. They can do what’s called a re-denomination… You got 3-zeros and then you’ve got a re-denomination which is another set of currency which is what many call the smalls. You’ve got a 25,000 note and then you’ve got a 25 note…The key…a re-denomination occurs when there is an exchange in currency but there is no value change. No value change – that is what a re-denomination is [LOP]. What can happen is you get the larges, you exchange them for smalls, they’re given a certain time frame, say 10 to 20 days and in that 10 to 20 days they change prices in their markets…and then sometime between 10-20 days they jump on Forex and it goes International...That is one way they can do it…
Another way they can do it is when they do exchange their bigs for their smalls, they can add value at that point. So it’s not just the re-denomination but it’s also a reinstatement at the same time. Then by IMF law they have 72 hours in which they must show it internationally. If they do a re-denomination with no value change then they can keep that in country for a little bit longer than the 72 hours.
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Nader From The Mid East
Many people sending me things, things about 2026. I don’t think they’re going to wait till 2026. I don’t think whoever explained you this, he read it wrong…If it start to float it’s going to go quick. We just need to float it…If they did like they said and took off the dollar from the market, from the streets, things going to go quick...I agree with them that it’s going to go up gradually but it’s not going to take two or three years to reach 1 to 1…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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