Dinarland Highlights – 1.26.24
Mountain Goat
Remember again this is not all about us investors. It is about the Iraqi people and their lives. We will only benefit too because we helped invest our money in Iraq in their time of need… I have never seen such a rate of progress since the end of the wars in 2003 and I entered this investment.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sudani is on TV saying Iraq is on the verge of a transformation process.
FRANK: Every day Sudani is joining in the direction of your new exchange rate and your new national currency. He tells you there’s a new direction occurring, yeah, from a program rate to an international rate.
Is there a lot of dinars out there? no. The CBI doesn’t sell dinars anymore. They stopped about 6 years ago. The demand is great now, look at Davos. So as soon as it floats in the basket the supply and demand is going to move that rate very quickly...
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Kaperoni
Article “US and Iraq agree to start talks to end presence of US-led coalition”
Delete the zeros. This is not what we want to happen. Deleting the zeros is a redenomination LOP.
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MarkZ
[via PDK]
Very quiet out of Iraq…and quiet on the banking side.
Question: Is this weekend a possibility?
MarkZ: It is definitely a possibility.
Question: Has anyone verified the rate of $2.40 from the bank story from last night?
MarkZ: Not yet…but a number of bankers are telling me that is exactly the rate they are seeing on screens right now. From $2.38 to $2.40
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Sandy
As investors we have a vested interest in the country’s we-being…
[US Pentagon Official Statement about Iraq quote]
“Let me be clear, the HCM meeting is not a negotiation about the withdrawal of US forces from Iraq. The Untied States and the coalition are in Iraq at the invitation of the Iraqi government to fight I--S. Our Iraqi partners have assured us of their commitment towards working together to shape this future on US military presence and the enduring defeat of I--S.”
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Samson (KTFA)
Article:
“Washington: We will move to a sustainable security situation with Iraq”
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Pimpy
One of the key economic factors Iraq has to take in consideration if they’re going to decide to delete the zeros or change the exchange rate…Inflation... Iraq is where they need to be. They need to be between 2% and 4%…Iraq is in a good position as far as inflation is concerned…
Wikipedia quote “The deletion of the zeros is known as a redenomination. Redenomination itself is considered symbolic as it does not have any impact on the country’s exchange rate.” Let me repeat this, it does not have any impact on the country’s exchange rate…
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Militia Man
Iraq is going to use the dinar as of January 1st for commercial use, not the dollar. If they get rid of the dollar or they cease the auctions or they apply the delete the zeros project you can see where all of a sudden the parallel market/i-----l market is going to go bye-bye.
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Walkingstick (KTFA)
At any time of notice the next step in the monetary reform IMO will be very quickly at a moments notice.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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