Dinarland Highlights – 1.10.24
MarkZ
[via PDK]
“Getting Vietnam off the money laundering Gray list”
…the UK seems worried that someone may filter money through Vietnam. And artificially lower their rates to take advantage of trade imbalances. Europe and the US believe Vietnam should have a higher currency rate. What does this tell you? That your investment with Vietnamese currency should be worth more money than it is.
Comment: I heard the dong may rv at .47 cents?
MarkZ: .47 cents would be fantastic…but, I think it will be more than that… I am still hearing the low $2 range…and bankers think it’s higher than that.
Iraqs stock market is up 90% in valuation based on the US dollar…and they continuously talk about the exchange rate and what their market is going to look like after a change in the exchange rate. They are telling us its coming and that they will address it in their first parliamentary session. And that session has just started. Positive stuff.
Question: I am hearing dinar $3.81 and dong .47…is that what you are hearing?
MarkZ: That’s not what I am hearing but I would be ok with it. That would still be fantastic. But I am hearing higher rates than that.
______________________________________________________
Mountain Goat
Article:
“SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS SOON”
If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.
______________________________________________________
Frank26 (KTFA)
What have the articles been telling us? That the Iraqi dinar and the American dollar are divorcing by mechanisms…It’s causing the American dollar to go down…just in one week 150 to 140 to… 135. The value of the Iraqi dinar is going up as the American dollar inside of Iraq is being put away…it’s not in the picture anymore.
Question:
“Are redemption centers at a bank or elsewhere?”
I’m going to a bank. You can find redemption centers in a lot of places. Some large credit unions might do it. Go to an airport, they have those kiosks and try there if you want. You’re not going to get a good exchange rate IMO if you go to those places. Go to a large bank. Don’t go to the mom and pop bank either…
______________________________________________________
Pimpy
I’ve heard so many [gurus] talk about – according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate. No that’s not right…To maintain stability Iraq needs to maintain a narrow spread, that’s the gap between the official exchange rate and the black market. Generally a spread of less than 5% is considered acceptable. Not 2%, 5%. A spread more than 10% is considered a significant risk to the economy. Iraq is going to have to shoot for between 5 and 10%. They want to be less than 10. It’d be idealistic if they can get around 5…
I never said there was an official 12 to 1 exchange rate. What I said was I thought it was interesting that in that article they even considered revisiting the 12 to 1 exchange rate policy in the year 2026…It says they’re revisiting the 12 to 1 exchange rate policy and they’re going to do it the beginning of 2026. I didn’t make that up, nor did I say they were going to go to 12 to 1. I was explaining to you what the 12 to 1 exchange rate policy is.
Advertisement
______________________________________________________
______________________________________________________
Walkingstick (KTFA)
[Aki – Iraq Bank owner in US update]
Question:
“The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?”
Here in the Untied States we are preparing to do everything with electronic platforms…We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars…We follow International banking laws, the same laws American banks follow. Here in the United States the bank that I am in charge of will be all electronic.
When you ask about the LDs they are only found in Iraq. We do not possess them. Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes…The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands.
______________________________________________________
MilitiaMan
The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today. Why? …One reason would be that there is exchange rate sensitivity with respect to the law…An exchange rate to be one that is stronger than the dollar (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!
______________________________________________________
Samson (KTFA)
Article:
“We are not planning to withdraw currently.”
The Pentagon: We are not aware of notification from Baghdad of a decision to withdraw American forces“
______________________________________________________
Advertisement
______________________________________________________
Jeff
You’ll notice as they have finished those e-------s, they’re now hitting the ground running. The ball’s rolling and everything is now starting to move forward to prepare for the revaluation …That is why you are seeing the aggressive forward movement that you are.
______________________________________________________
Clare (KTFA)
Article:
“With wide local and international participation.. Baghdad Exhibition opens its 47th session today”
Quote:
“…with the participation of 850 different companies from 20 countries...the exhibition will last for 10 days, starting today and ending on the 19th of this month…”
—
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
