Dinarland Highlights – 1.5.24
MarkZ
[via PDK]
Question: We keep hearing that Iraq cannot base the RV on just oil. Other than oil…what did Iraq export under S----m when the dinar was $ 3.48?
MarkZ: Their economy is far more diversified and robust then it was back then when their dinar value was the highest in the world. They used to burn off their natural gas and now it’s a huge commodity. Plus their rare and precious minerals in the ground. And their tourist industry visiting all the historic sites. They are located between some of the largest rivers in the region and used to be the breadbasket of the region. They have far more going for them now then they did when their currency was exponentially higher.
Article quote:
“Today Friday the Central Bank of Iraq revealed measures and decisions to support the Dinar…And maintain its strength against other measures and currencies that will possibly affect the exchange rate…”
It makes sense to me that they are forcing Iraq citizens out of the US dollars and using the dinar before they revalue…then you have all them benefit from the revaluation. Plus its part of de-dollarization in general and strengthens the dinar. To me this story is absolutely enormous.
______________________________________________________
Bruce (The Big Call)
[via WiserNow]
…Iraq has already been doing exchanges at their new rate in the country of Iraq. They were told that on the first…of January, the USD or Fiat dollar is d--d. It is no longer usable – it’s gone – they want them to completely transition to the new lower denominations of the Iraqi dinar and those are in the ATMs. They’re in banks and in shops in Iraq. They’re in the businesses and shops.
Now, the bank screens…are going solid rates on front and back screens and are showing on our redemption center screens – on the back screen, solid – but the front screens are still flashing … Now, what’s interesting about that is that the theory is that when those front screens stop blinking and go solid on these rates, that it would be “go time” – that we would get the green light. So I have a feeling they’ll be blinking up until the Treasury says go…
______________________________________________________
Pimpy
12 to 1 exchange rate. Nobody was speaking about it. I showed an article, their article, not my article, their article saying they were considering the 12 to 1 exchange rate but they would not consider it until…2026. I didn’t make it up. I’m just pointing this out in an article…I believe they are going to go up in increments between now and 2026. That’s just my opinion.
Article:
“Central Bank: Non-oil deficit more than 80% and threatens the state’s financial situation”
Threatens…? This is why it’s so important for the non oil sector to get developed and get rocking and rolling so they’re not just relying on oil.
______________________________________________________
Walkingstick (KTFA)
All systems for the monetary reform are in place, they’re just not linked yet. The uplink is not on yet…Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before ’24…What they’re doing right now is they’re telling the citizens what they need to hear for the next step of the monetary reform…Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how – through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
Advertisement
______________________________________________________
______________________________________________________
Frank26 (KTFA)
We are in the waiting phase. Simply in a waiting phase. That’s all. There isn’t, this needs to be done, that needs to be done, That T crossed, That I dotted. No. We are in a waiting phase.
Article:
“Dollar exchange rates in local markets recorded a decline today…this list”
The dollar exchange rate is dropping like an anvil in the middle of the pacific ocean.
______________________________________________________
MarkZ & Militia Man
MarkZ: There is no future for them without an improved exchange rate… Militia Man: If they have a REER (Real Effective Exchange Rate) based on true values…from oil, natural gas, borders, tourism, taxes and tariffs…it’s going to be phenomenal…and that is what they are working on. I think everyone should be excited as we are watching it unfold. We should all have confidence that what we are invested in is coming to fruition. That is my belief…everything is very positive.
______________________________________________________
Militia Man
The dollar exchange rate will stabilize with the broader launch of the budget…
______________________________________________________
Advertisement
______________________________________________________
Sandy Ingram
What would it take for the Iraqi dinar to strengthen against the US dollar? The answer lies in economic development and stability. The Development road project…aims to boost Iraq’s GDP by improving infrastructure, fostering foreign investment and stimulating economic growth…With the right steps and sustained growth the dinar’s narrative can only get stronger.
______________________________________________________
Kaperoni
If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq’s own economy and an increase in GDP.
—
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 not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
