Dinarland Highlights – 1.14.24
Bruce (The Big Call)
[via WiserNow]
…What we’re finding now is that some of the sources that we’ve had have…clammed up – they’re under new NDAs they’ve got gag orders…we don’t get as much intel as we’d like…That’s the bad side…The good side is…It shows that we’re so close to this going because they don’t want certain leaks to come out of certain portions of this exchange procedure and everything…they just want to have it quiet. That’s a good sign…
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Frank26 (KTFA)
Question:
“Once the black [market] rate gets close to the official rate of 1320 will the CBI wait for a while to move to 1000 to be sure it’s stable or will it quickly make the next move to 1000?”
Our desire is to see another exchange rate movement which would be somewhere between let’s say 1,200 or 1,000 to 1. We believe that’s what will happen next. But I don’t think we’ll get to see it because of the speed things are happening right now...
Time goes by so fast even when you’re not having fun…I know some of you may say, well it doesn’t. It seems like it’s taking forever. It’s taking forever for this blessing to occur. Yeah, I agree but you have to give thanks to the fact that you know about this investment and you’re involved in it…
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MilitiaMan
The Central Bank of Iraq…they’re not going to be doing all the banking…JP Morgan Chase, CitiBank…those are the the banks that are going to be doing the correspondent work with the trade, cross border payments…That’s what we’ve been waiting on. That’s what happening. It looks like the international institutions have the green light. Looks like it’s a pretty phenomenal time frame for that….
Take it seriously. Think deeper than just, ‘Wow it’s supposed to have happened yesterday…’ All of these things are true and in print. We follow it. It’s just not…news, it’s documents you can get from the World Trade Organization…the United States Treasury…the IMF…the Middle East Institute. You can get all this data…and realize what we’re talking about has nothing but legs…support.
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Wolverine
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq would both be attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. “Everyone is expecting the RV on Sun. 14 Jan.” according to Sudani.The IMF, which is in charge of timing, said, “Anytime Friday to Sunday.”… Everything is ready to go. There is nothing more to do, we just have to sit back and wait for the Green Light.
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Pimpy
Article:
“Iraq and 4 Arab countries have more than 1 million tons of global gold reserves”
Why do they have so much gold? Because you need that to strengthen your own local currency. Gold is way more liquid than anything else. If you want to make sure the currency stays strong you want to have tons of gold as well as foreign reserve assets in your holding.
Telling people the new budget cannot pass with the current exchange rate is false. What do you think Iraq has been doing for 23 years? Sitting on her thumbs? No. [The new] Central Bank of Iraq [Building], that’s tens of millions of dollars to build this sucker. Did they have to wait for a new exchange rate? No. It’s already taken into consideration when they calculate out the budget. The new highways, damns, infrastructure, they’ve been working on it now for quite some time and they’ve done it all with the piss poor exchange rate. That’s the kind of thinking that gets a lot of people misled…
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Paulette
Saleh told us early in last year that they must bring the parallel market rate to the “Required Two Percent”. This is part of the IMF requirement for full compliance with Article VIII. Based on what he said recently, it appears the target is 1350 or less in spite of 2% being 1346.4. I am only watching the Market Rate at this time. It has decreased slightly since Wednesday and as of today is 1540 in Baghdad and 1530 in Kurdistan. Saleh said 1350 (135,000 to $100) soon. Hopefully soon is weeks and not months. IMSO, if they would RD, show the RV as just over a USD, they would get the Market Rate within the Required 2% very quick so they can RI. Perhaps that is the plan.
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Samson (KTFA)
Article:
“Sudanese participates in the World Economic Forum in Davos, Switzerland”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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