Dinarland Highlights – 1.24.24
Mountain Goat
On the sidelines of the Davos Forum…held in Switzerland last week, Iraqi Prime Minister Al-Sudani and his accompanying delegation, and Ali Al-Alaq, Governor of the Central Bank, continued to hold meetings, understandings, and negotiations with the World Bank, the International Monetary Fund, the President of the European Bank for Reconstruction, the American bank, J.P. Morgan, and international financial institutions, with the aim of accelerating the procedures that… and I quote – “It is implemented by the government in cooperation with the Central Bank towards achieving financial and banking reform”. … It is all VERY GOOD news for us investors.
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Frank26 (KTFA)
It was a paradigm shift is what happened in Davos…INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT = VALUE ADDED TO THE IQD BASKET!
[Iraq boots-on-the-ground report]
FIREFLY: Channel One TV is saying we just overtook and stopped the most dangerous and most c-----t organization that has ever stolen dinars. They stole over 1 trillion dinar…individuals arrested and groups have been stopped.
FRANK: The money was recovered…This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally…
What happens when there is a demand for a specific supply? It runs out quickly. Or it goes up in value quickly. The simplest thing, toilet paper, became so valuable when the c---d hit us…If I was Sudani I’d give the lower denoms and the new exchange rate and instantly the dinar goes into a basket with other currencies around the world to float. The definition of supply and demand is going to take that float to the REER (Real Effective Exchange Rate). How are they going to reach the REER? By supply and demand.
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MilitiaMan
The fact remains Iraq is filthy with wealth. They’re filthy with their revenue streams. They’re going to be filthy with employment. They’re going to be doing a massive amount of stuff. When I say, ‘radical’, it’s true. Is there going to be a radical change…in their currency? I believe so…When I talk about radical changes, they’re happening.
Revenue streams are increasing. They’re promoting the private sector which is going to create thousands and thousands of jobs…These 10 cities they’re going to build it’s going to be a lot of construction. They’re not going to do that at 1310. If it costs you 1310 dinars for every dollar for every s---w that might cost a buck a s---w. Try to build a country with 1310. It’s not going to happen…
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Pimpy
Article:
“UN staff on 1.5 billion Iraq aid project demanding bribes”
Quote:
“Whistle blowers allege large sums are being lost to c--------n in Iraq…”
This is exactly one of the issue Iraq has to tackle and we know they’re working on it.
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MarkZ
[via PDK]
Question: What’s the impact of Iraq joining the Bank of international Settlements?
MarkZ: It’s their acceptance and elevation to the World Trade Organization and all the other organizations they were removed from when they were sanctioned many years ago. These sanctions are quickly all going away which means they will be able to reinstate or revalue their currency. It is just one more clear indicator of how close we are getting.
Comment: …we are expected to get notifications Friday morning.
MarkZ: That is definitely the rumors running around. Let’s see if it pans out or not.
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Paulette (KTFA)
The basket of currencies is what they intend to peg to instead of just p-----g to one currency – the USD…This is what the CBI and the GOI has stated…If they are pegged to just one currency, if the value (purchasing power) of that currency drops significantly, so does the value (purchasing power) of the IQD. If they are pegged to a basket a currencies, if one drops the others keep the IQD “propped up”. This is extremely important to Iraq as they are predominantly an import country. This is precisely what they stated years ago…Bottom line, the p-----g to a basket is to maintain the purchasing power and stability of the currency and not a singular event to increase the IQD purchasing power.
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Clare (KTFA)
Article:
“Reconstruction: The year 2024 will witness the completion of ninety percent of the first package projects”
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Sandy Ingram
[The Development Road Project] is major, let me explain why – This is going to change ports of call and the international shipping routes…The Suez Canal route is 6,400 miles, 14 days and cost $4.5 billion per day…The Development Road Project is…only 745 miles…That means the costs drop dramatically if you put the shipment on trucks or rail…Once you get into the Mediterranean Sea you can deliver your shipment to anywhere in Europe. That is the importance of this Development Road Project…
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Kaperoni
The dinar either rises gradually over time as Iraq’s economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.
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Bruce (The Big Call)
[via WiserNow]
We got word from several of our sources that came in last night and also today, and…I think we’ve, we’ve gone past the point of no return on this so that even a few people that were pretty tight lipped have been allowed to open up to my main source. They’ve been allowed to get the information from the banks – and redemption centers – so that is really good to have that information fed down to me…one of our best sources said at midnight last night…we’ve been in this is Monday night he said within 24 to 36 hours…it could be Thursday… We will all be smiling from ear to ear… it should be a really wonderful week…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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