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Dinarland Highlights – 1.17.24
Mountain Goat
The news…could not get any better. I know we all await news of the accession of Iraq to the WTO. Many have asked if Iraq has already completed the accession process. I will tell you they have completed it and we are waiting for the announcement of full accession but there is some legislation requirements that must be met first. Why is the WTO important for our investment in the dinar? It is important because Iraq will need an international currency in order to trade with the international markets.
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MarkZ
[via PDK]
Article:
“Al Sudani arrives in Davos to push the “Development and Road Agenda”
He is pushing to be international in world trade.
In Iraq:
“Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.”
This is a worldwide thing and to me this means international.
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Clare (KTFA)
Article:
“The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization”
Quote:
“… Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains.”
Article:
“Saudi Arabia strongly supports Iraq’s accession to the World Trade Organization”
Quote:
“the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint.”
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MilitiaMan
Article quote:
“We completed in one year the equivalent of more than 15 years of work…“
The delegation has been working with Iraq to have an ascension to the WTO. They’re telling you they did the equivalent of 15 years worth of work in one year…It’s flat out knock your socks off good information. It’s not me making it up, not anybody else making this stuff up. This is what they’re giving to us to share with you…
Now you have 5 articles from the WTO, you have documents from the Central Bank of Iraq, 11 pages talking about metal coins? Why would you be talking about metal coins/currencies and exchanging notes, counting them, mechanisms to do all that when you don’t have any? 1310 there’s no coins. Then you see 5 articles about the ascension to the World Trade Organization…I’m pumped. I’m excited about it.
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Fnu Lnu
[Response to Pimpy’s 1-15-2024 post below]
Iraq has more oil than Kuwait. They also have a huge, top of the ground, gold deposit…Iraq has a very large gas supply which would add nearly 3 billion cubic feet a day (bcf/d) – around 517,000 barrels of oil equivalent per day. This will fuel gas powered electricity production. This will eliminate Iran from the equation and they would lose their grip on Iraq.
There are several plans afoot… Iraq recently held a two day event looking for foreign investment to develop their mineral resources. During the event, Minister of Industry and Minerals Kahlid Battal Najam offered investors long-term partnership opportunities in a long list of state-linked phosphate, nitrogen, Sulphur, fertilizer and glass production projects. No, Iraq is not short of means of diversification. These examples just scratch the surface…
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Frank26 (KTFA)
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you’ll understand why. Barzani is working very nicely with Sudani, Baghdad, the GOI…We’re adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
What did we say they were going to do on the 15th? Go international. Do you think they did? Yeah. It’s not for me to prove it to you, it’s for them to show it to you. But let them show it to the citizens first.
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Pimpy
This was a concern, Iraq was definitely on the right track but it appears that at no fault of their own their country is being bombed by two different nations [Iran and Turkey]. Let’s just hope whatever is going on it gets over with quickly so that Iraq can get back on track…
I’ve had people say can you make an argument for the $3.22 rate? Yep. Can you make an argument for the $1.17 rate. Yep I can. I can make an argument for all these different rates easily but there’s a difference between making an argument for what you want versus the reality of things of what’s going to happen.
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MarkZ & Militia Man
[via PDK]
Article:
“Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back….
Militia Man: Last July Al Alaq said the “Drop the 3 zero” project still exists. Not a lop…. They are going to add value to the dinar and adjust the exchange rate… A good thing is Sudani keeps warning the citizens that the dinar is going to be stronger then the dollar…he said it more than once.
MarkZ: Iraq is positioned well for the world wide economy…
Militia Man: Iraq is going to be a very wealthy country.
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Paulette
Based on the articles today, it looks to be clear that Iraq still has some work to do for full accession to the WTO but it appears the final push is on….
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Bruce (The Big Call)
[via WiserNow]
We were looking for this to happen anywhere from now, through probably Friday. We have heard one source of very high respected source, talking about notifications [Wednesday], or Thursday… I can’t we just cannot absolutely prove it…I’m only giving you what I’m getting from the top sources…So many of these sources that we have have gone dark. They’ve gone gag order, new NDAs but we have heard a little bit come through…We should get done this week.
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GameofPatience
Iraq is waiting for their reforms to be implemented to complete their accession and join [WTO]!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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