Dinarland Highlights – 2.6.24
MarkZ
Question: Will we pay a service fee at the redemption center?
MarkZ: I am told at participating redemption banks/centers we will have a pre-negotiated rate. Which will be more favorable for us then regular bank spreads of up to 10%. That is what I was told from banking personnel who have trained for this.
In Iraq we are being told “Denomination specimen sheets” are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations…If Iraqi banks are indeed doing this…we are awfully close.
I have had so many people in the banking world telling me this is our month. Nobody knows the timing but my gut is screaming they are spot on. I think we are in our last few weeks …or days.
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RayRen98 (TNT)
REPORTS ARE COMING IN THAT THE PACE OF THE RATE INCREMENTS HAS INCREASED….LATER THIS WEEK LOOKS EXTREMELY FAVORABLE. EXTREMELY!!!
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Mountain Goat
…I talked to my CBI contact…I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them “baskets” or “groups” of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates…
…the rate will be whatever it is in the QFS system when the time comes to reinstate it. This will be the starting rate. All they need to do is bring it over to FOREX by mapping it from the QFS. It is a simple process. It will most likely be around $3-$4 when it does come out…Yes, when the IQD rate does come out, it could vary but only a drastic change in the price of oil will affect it. However, the projection is for the price of oil to hover around $70-90 this year which will still produce an IQD rate well within the range we investors want…
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Frank26 (KTFA)
[Georgia Truist Bank story follow up from last week]
BANK VISITOR: The lady I was supposed to be speaking with was out with the flu… [A new financial advisor] calls me and honestly it was a little confusing because the guy…acts like he didn’t know anything. In fact…he said…I’m pretty sure this is a h--x.
FRANK: First recording [story]…the lady says we know, we’re preparing. Here is at the same bank with another officer that says [the opposite]…The same bank, you had people that know what’s going on and then you have another person that doesn’t know what’s going on. One gives positive information and one gives negative information. They’re both from the same source. That’s the problem with a speculative investment. The evidence is out. It’s not a secret…
If I was the CBI I would tell all my children that I’m going to give them pictures of the new small category notes that are about to come out…If I was the CBI I would not give them the exchange rate and the new currency together…the last thing we need is mass confusion…If I was the CBI… Last Tuesday and Friday I would have told all my children, all my banks that within the next week or so to be prepared…If I was the CBI I would say the next phase in the monetary reform is to make sure everybody outside of Iraq understands that we are about to retrieve our 3-zero notes…Iraqi citizens are already being told to do this.
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Pimpy
Is it possible the exchange rate of the Iraqi dinar increases and for whatever reason we can’t benefit from it over here in the west? …I want to make money off the Iraqi dinar but not at the expense of the Iraqi people. The thing that’s most important is that the people in Iraq prosper from this, they’ve been suffering a long time…As far as the people in the west not getting a taste of this wealth, the only thing I can think of is the exchange rate changing and for whatever reason Iraq is still on sanctions so we have a hard time finding a place to exchange our Iraqi dinar because a lot of people aren’t going to have the money to go fly elsewhere to exchange…That would be a scenario I think that could play out…
C--------n is one of Vietnam’s biggest problems. It’s a lot worse than Iraq is but definitely Vietnam is much further along as far as where their economy is, them not being under any kind of sanctions. They just need an incentive to want to increase the value of their Vietnam dong.
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Walkingstick (KTFA)
[Iraqi Bank Friend Aki update]
Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, ‘Gentlemen, we’ve been seeing some articles that are suggesting maybe we’re looking at about two more months away…‘ [they answered] ‘NO! Who told you that!’
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Clare (KTFA)
Article:
“A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition”
Quote:
“All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history.”
Article:
“Approaching official’… Sudanese advisor reveals steps to reduce exchange rates in the parallel market”
Quote:
“He stressed that “there is a clear trend and encouraging beginnings in which the parallel market has begun to approach the official exchange market“
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MilitiaMan
Article quote:
“Iraq is better off now every than it’s in its financial history.”
Even at a program rate, even at where we’ve been and what we’ve seen the central bank has probably done the job that they said they were going to do…Bottom line is Iraq has reserves…gold..more natural resources found, probably proven or probably…That is huge.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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