Dinarland Highlights – 2.7.24
MarkZ
[via PDK]
“Vietnam pushes the Us to grant them market economy status”
This could lead to the increase of the value of the Vietnamese dong. The US state dept has called upon Vietnam to raise the value of their currency.
Article:
“Central Bank of Iraq is facilitating transfers”
…this has to do with the electronic platforms…the claim that they made…by government officials that Iraq has the most modern system in the entire middle east. This is big…It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies.
Comment: Still hearing they are showing the new lower denoms in Iraq at the banks.
MarkZ: I had heard they are showing the specimen sheets at all the banks…and I am not the only one hearing that.
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RayRen98 (TNT)
3 LETTER GUYS ARE INDICATING THAT THE DINAR RATE IS STILL SET FOR $4.81 BUT MAY TEMPORARILY INTRODUCE LOWER…THEY ARE “WATCHING THE CLOCK”
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Frank26 (KTFA)
[Fort Worth Chase Bank Story]
BANK VISITOR: I went to one of the largest Chase Banks in Dallas. This bank is different than I’ve ever seen. It was two stories and upstairs there was many window you couldn’t see into.
FRANK: A lot of banks are metamorphosizing their environment in order to be part of the exchange process...
BANK VISITOR: I go and sit down and within 5 minutes this private banker, who BTW is Vice President on his card, comes over and greets me…I said I have a large amount of foreign currency and can you let me know when you will be able to exchange this currency. I didn’t say dinar…I said I know we’re getting close…with Chase being the number one bank in Iraq. He looked at me and grinned and he said, I’ve got a couple other clients just like you.
I email them from time to time and give them an update on what’s going on…He said you know there’s been a lot of speculation on the foreign currencies and when they were going to revalue. He never said it was a scam. He looked at me and grinned. He said we will be in touch with you. Then I said to him, let me ask you something, nothing against your other locations but how come they haven’t treated me this way? They know who I am. I go there all the time. He said, this particular site is set up to help customers like you. He said, ‘we are directly tied to JP Morgan in New York. This is how we operate this site’…You get that feeling when you’re sat in front of these people that something’s going on now and they may not be able to tell you all of it but they know who has what.
If I was the CBI within the next couple of weeks, no later sometime in this month, I would have banks show the Iraqi citizens practice currency sheets in the banks…so they can practice with the citizens of Iraq.
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Clare (KTFA)
Article:
“The Governor of the Central Bank of Iraq receives a delegation from the World Bank”
Separate article quote:
“The World Bank confirmed on Wednesday that the infrastructure for electronic payment systems in Iraq is the best in the region.”
Article:
“Iraq increased its possession of the yellow metal to more than 142 tons“
Quote:
“Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons.”
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Pimpy
I already said this about the World Trade Organization – There is no certain exchange rate that you must have to get into the World Trade Organization. What they’re looking for is an exchange rate that’s very stable. Although…IMO I’m pretty sure they would prefer it if you didn’t have so many zeros.
There are many countries that have a ton of resources and the governments are rich but the people are poor. I’ve been a huge supporter of the Iraqi people. I keep praying their government gets their s--t together and they’re able to prosper from the resources they have. There’s no reason for them not to. Sure I want to make money off the Iraqi dinar but…not at the expense of the Iraqi people…I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power. That means they’re able to buy a lot more things with their money…An increase in the exchange rate would benefit them greatly…
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Sandy Ingram
The CBI must carefully manage the timing of revaluation…[Iraq] has over $100 billion in foreign currency reserves. The IMF has continually said Iraq needs more income streams to offset the oil industry. The Development Road Project and several other manufacturing projects are all a part of increasing Iraq’s income streams.
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Kaperoni
I remind people again Iraq’s entire net worth including all minerals in the ground including oil is only worth about $16 trillion dollars. With over 100 trillion dinar in circulation Iraq could never RV the dinar! Only with the success and growth of Iraq’s economy and private-sector can the dinar go up in value. It could go up gradually over time as Iraq’s GDP increases.
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MilitiaMan
We’re in the process of watching it unfold…Everybody should be able to be excited because the news is collectively showing Iraq is moving to a private sector/market economy and there’s partnerships with the public to be able to facilitate it.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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