Dinarland Highlights – 1.11.24
Mountain Goat
There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm.
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Bruce (The Big Call)
[via WiserNow]
…the the leaders of…redemption centers, the bank managers all put in their access codes. And now all they were waiting for is some form of return that gives them the green light from Treasury to proceed…Now it’s up to Treasury…to get the green light placed for everything to begin… we’ll see what develops over the next couple of days.
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Frank26 (KTFA)
These institutions [WTO etc] want Iraq to join them because they know Iraq is about to go into a float state. Let’s look for 1 to 1200, 1 to 1,000, 1 to 1. Let’s look for a change that is dramatic enough for it to be allowed to be released into the international theater. Within the next 5 days I’m very curious to see what the exchange rate will be after the 15th. Very curious to see if they’re going to leave it at at penny stocks or are we improving?
They are doing what the monetary reform requires right now. That is for the Iraqi citizens to now be in position to receive the lower denoms, the fils and a new exchange rate. It’s all being done by the process of removing the American dollar and increasing the confidence, the value, the usage of the Iraqi dinar…
Question: “What do you know about the length of time that we can exchange?” More than likely inside of a year. We should be able to see the growth of the Iraqi dinar to go back into what is comfortable for the Middle Eastern currency exchange rate that’s fair.
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Pimpy
[I never said they will, I said they said they may revisit/consider 12 to 1. But…]
Just because they switch it to 12 to 1 doesn’t mean you have to cash in all your dinars. If you believe it’s going to go up more in value then hold on to them. Cash some in at least, get some of your money back or cash in enough…to pay off your bills, pay off your house… cars… medical bills…make yourself debt free and then hold on to the rest of the dinars and see what happens.
Article:
“Al-Kazemi’s Advisor: The project to delete zeros from the currency is subject to two conditions”
From the currency. Not the exchange rate. It says the currency. The currency is the same thing as a bank note. The 25,000 dinar the 10,000 dinar that’s what they’re talking about. When you read this don’t mix the two up and assume when they say currency, they’re talking about the value. They’re not. They’re talking about the bank note.
What they are talking about is a redenomination…Redenomination itself is considered symbolic as it does not have any impact on a country’s exchange rate. So deletion of the zeros, otherwise know as a redenomination doesn’t have anything to do with the exchange rate…
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MilitiaMan
Iraqi stock exchange soars 97%. The other day we talked about what 52% and that was a pretty bold statement for them to say that. Now they’re talking about 97% annual gain as an indication of economic upswing…
Accounting started January 1st. Taxation in the dinar, commercial trading in the dinar was supposed to start on the 1st. We’re going to have to watch them expose how this rolls out.
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MarkZ
[via PDK]
Some of my contractor contacts are back in Iraq now after the holidays and they are hearing very positive things for this month. Their expectations are running extremely high right now.
There has been some incredible chatter, gossip and rumors today. Group contacts have erupted through the day. There are great expectations of last minute changes to compliance over this weekend and our notifications early next week… Other contacts are saying the same thing…the chatter is notifications early next week. Just cross your fingers and hope it’s accurate. I’m kinda excited but going to stay grounded.
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Walkingstick (KTFA)
[Aki – Iraq Bank In US update]
There are many Iraqi citizens in the United States of American holding 3-zero notes. It is my job to collect them for the CBI, where they will destroy them. Our [job] is to turn in the 3-zero notes.
WALKINGSTICK: This is huge!
AKI: Agree. Direct deposit from now on. No limitations. Article VIII not only for the citizens but for investors.
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Kaperoni
There is no significant RV of the Iraqi dinar. And if the dinar does ever go up in value, it will be based on the success and growth of Iraq’s own economy. There are no shortcuts.
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Breitling
Community Comment:
“To me I feel we’re at the cusp of this happen. I hope my feeling is legitimate.”
It is. I have the same feeling. But…your feelings have nothing to do with logic. Reading the articles, especially the ones from the CBI, Ministry of Finance, all that stuff is fantastic but that still does not guarantee the exact time when it’s going to do it…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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