Dinarland Highlights – 1.18.24
Bruce (The Big Call)
[via WiserNow]
So today we heard that there was an in country rate on the dinar little over $3 – That’s in country – for Iraq. But our rate is going to be – remember what…Dr. shabibbi maybe said back in December of 2012 at the International Chamber of Commerce meeting, when Bluestar asked him what he thought the rate on the dinar would be to the dollar and Dr Shabibbi said that it would be over sixteen – Well, we’re well over that, and we should be in good shape In terms of what they offer us… Do not be surprised, though, make sure you’re sitting down when you get offered a quote unquote contract rate on the dinar. Because I know it’s going to be very amazing. And I’ve heard of these rates before and I’ve been keeping up with them. It’s gonna blow your mind…
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Militia Man & MarkZ
[via PDK]
Militia Man: Economic experts in Iraq are talking about using a basket of currencies. They are talking using other currencies and for the dinar to compete with the value of the dollar.
MarkZ: When you said Iraq plans to compete with the US dollar- They cannot compete with the USD at 1 dollar buying 1310 dinar.
Militia Man: I just read that the basket of currencies with the Euro, the Chinese yuan, and the UAE d----m will be used to value the Iraqi dinar in the way that competes with the US dollar. That is the quote.
MarkZ: That is telling.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Television showing Sudani in Davos. He’s sitting right next to JP Morgan. A representative on the news showing they are ready to open three more branches here in Iraq with private Iraqi banks…
FRANK: JP Morgan…knows what’s going on and they know that a new exchange rate is coming. The employees of Chase don’t know anything but the Chief Executive Officer of Chase, Dimon obviously does know and is making an amazing statement in these articles…
Article:
“JPMorgan Bank announces its readiness to open accounts for three private Iraqi banks”
HEY CHASE BANK MANAGER… READ ‘EM & WEEP!!! I TOLD YOU SO!
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MarkZ
[via PDK]
They are calling to no longer have a fixed rate. But, attaching it to a basket so its value can compete with the USD. You know they have been working on de-dollarization. One US dollar buys 1300 dinar right now. For it to compete with the US dollar…the rate needs to be a whole lot closer…I know things have been moving slowly, slowly, slowly… I think we are about to see the “suddenly” part of this thing.
We have articles that say their ascension to the WTO was approved back in Feb of 2023. At this point I believe they are just dotting the i’s and crossing the t’s …. My contracting sources in Iraq say the valuation has been determined …and we are just waiting on the release. I think that is very accurate…
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Samson (KTFA)
Article 1:
“JPMorgan plans to open accounts for 3 Iraqi banks”
Article 2:
“Al-Sudani discusses trading in digital currencies with JP Morgan Bank”
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Clare (KTFA)
Article:
“JPMorgan Bank announces its readiness to open accounts for three private Iraqi banks”
Quote:
“JPMorgan Regional CEO for the Middle East and North Africa, Khaled Hoballah, announced …the bank’s readiness to enhance cooperation with Iraq and open accounts for three private Iraqi banks.”
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MilitiaMan
The deletion of the zeros project off the exchange rate. Alaq has done it. Seleh has come out and done it in the last two days...It’s fresh. It’s important. We all know the WTO is about trade. If anybody thinks they were going to do this at 1310, show me why because they could have that that a year ago at 1450…They didn’t…
The fun part is we are watching history in the making...Saudi Arabia strongly supports Iraq’s ascension to the World Trade Organization...They’ve basically said Iraq has completed everything needed to be done. Everything is just shy of announcing they have WTO ascension.
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Pimpy
Let me make this perfectly clear, the deletion of the zeros has nothing to do with the exchange rate. They’re talking specifically about the bank note…
I’m not the 100% good news guru, sorry. I’m the grounded and I’m just going to tell you the truth guru – Good, bad or ugly. I’m hated in the dinar community. I was given the bad body of the dinar community label which is kinda funny because you would think I would be the good boy because I’m being honest…But it doesn’t bother me…This is about what we need to accomplish, what direction we’re going into, how much we’ve accomplished, How close is it to a reality…
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Sandy Ingram
So far the conflicts in the Middle East have not affected the Iraqi dinar exchange rate. Iraq continues to increase its GDP and create more streams of income outside of the oil industry. These are the recommendations of the IMF to create economic stability.
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Nader From The Mid East
The export of oil is going to go up. Tourism…go back to normal. A lot of things will go back. But nobody know that. I see a lot of negative things. Everybody is talking b------t. They are going to have to revalue it [the dinar]….
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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