Dinarland Highlights – 1.28.24
Bruce (The Big Call)
[via WiserNow]
…I know that rates on the dinar And the Dong, specifically are populating on the back screen. The Redemption center, the redemption centers screens for dinar and Dong were $4 to $5 higher on each currency just on the front screens…
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Frank26 (KTFA)
IMO a lot of promises were made by Sudani in Davos. Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it’s ever been before. It’s shorter than a step stool with the legs of a corgi dog…these are exciting times.
Question:
“What comes first, the small denoms, Forex or even the RI?”
I’ve said it a hundred times, the next thing that we seek is the lower denoms and the new exchange rate. Once we have that let’s float.
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Pimpy
90% of Iraq’s exports are in oil… Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different…An increase in Iraq’s exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.
Iraq’s revenues from oil exports could potentially rise. So they can increase their exchange rate and what they could do to balance that increase in their exchange rate is either increase or decrease their oil production…We also know their foreign currency reserves have increased to $115 billion. Increasing the exchange rate would also increase their currency holding, which is good because they can us that to protect the Iraqi dinar. Increasing the exchange rate would benefit Iraq big time.
If you increase your money supply that is going to cause the value of your currency to go down. Think supply and demand. The more you have of something the less valuable it is. What does that mean? You have to get rid of the 3-zeros. By getting rid of the 3 zeros you need less bills to make purchases…
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Sandy Ingram
US President J-------n announced on Thursday his intent to nominate Tracy Ann Jacobson to be the US Ambassador to Iraq. Biden said Jacobson would serve as one of the key leaders in his administration…No comments were provide on why Ms. Alina Romanowski leaving her post as US Ambassador to Iraq.
The financial World buzzing… Iraq is now making headlines with its own investment fund the AFC Iraq fund managed by Asia Frontier Capital limited has emerged as the top performing long only unleveraged actively managed generalist Equity Fund in the world in 2023 boasting a net performance of over 110%. This remarkable feat can be attributed to the funds investment strategy that focuses on long-term drivers of the transformation of the Iraqi economy…Iraq’s investments in streams of income outside of the oil industry goes a long way in helping the country to gain economic stability and to increase the value of their currency.
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Samson (KTFA)
Article:
“Washington’s message to Baghdad: Economic support will disappear after the withdrawal, and there will be no negotiations before the attacks stop”
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Militia Man
Germany had a marshal plan. Japan had a marshal plan. Iraq to me is a Marshal Plan. What does that mean? It means after the war they’re going to rebuild the country. After Germany, rebuilt. After Japan, rebuilt. And what did they become? Economic powerhouses…Is Iraq going to be the economic powerhouse in the Middle East? …That’s what it looks like. Who helped them get there? ….United States of America…United Kingdom…Canada…Japan…Korea, everybody…
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Clare (KTFA)
Article:
“The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023”
Quote:
“For the year 2023… its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%…The bank’s profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars”
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MarkZ
[via PDK]
“Instead of Romansky Bide nominates new ambassador to Iraq”
This one is important as the ambassador heading over there also oversaw Turkmenistan’s revaluation not long ago. He is renown for helping financial reforms in countries. I don’t know if they are getting ready to let Iraq go its own way or not. But it appears to be a key move at a key time with a key person.
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Imperator
I would like clarify the term “Delete the Zeros”. Some Gurus think it means drop the zeros off of the notes. Other Gurus think it means drop the three zeros off the EXCHANGE RATE. The first one is a lateral move, no gain in purchasing power and is only accepted by the world community in cases of runaway inflation. The second one is a real change in the value of the a currency greatly benefiting the currency holders. This is only accepted by the world community when there is a consensus that the currency is undervalued. Draw your own conclusions.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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