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Dinarland Highlights – 2.9.24
MarkZ
[via PDK]
Comment: They cannot use lower denom notes without the RV/RI- it would be an economic disaster.
MarkZ: Yes it would. There is no need for lower denominations unless the big ones have too much value.
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Frank26 (KTFA)
Article:
“Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven”
TAKES YOU OUT OF CHAPTER VII… AND PUTS YOU IN AN INTERNATIONAL BASKET!
Question:
“Are they going to put a cap on the dinar if it goes too high?”
IMO this is an RI which means they should reinstate the value back to at least $3.22. That’s the rate it was when it was brought down…$3.22 was back in 2003. What is it 21 years later it’s still $3.22? …It seems to me there should be at least anywhere from 20% to 30% added to $3.22 – Anywhere from $3.86 to about $4.25 would be a good capping range IMO.
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MilitiaMan
They [Iraq] have been on steroids… ever since Al-Sudani took office and they allowed him to go to the UN assembly meeting and then over to Davos. Now the UN is talking about releasing them from UN Chapter VII sanctions because the mission from the UN is coming to a close…
Iraq is getting praise from the international world, the globe, everybody around the world. Seven of the largest entities on the planet are reaching out…
Article quote:
“The seven countries, the European Union, the World Bank praised Iraq’s government which with continued commitment to economic reform and stimulation the private sector and growth.”
These guys are stoked that Iraq is committed to economic reforms and they’re giving credit where due.
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Samson (KTFA)
Article:
”Politician: The UN and international praise for the Sudanese government and its achievements are unprecedented”
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Pimpy
Iraqi dinar is pegged to the US dollar. If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar? …No, you just don’t do it. You have to weigh the pros and the cons of it. Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that…Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value?
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Babysmom (TNT)
THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT…25 CENTS OF THE KUWAIT DINAR. CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25.
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Sandy Ingram
We are not living a pipe-dream. The IQD and the VND investments are real…Iraq is a small wealthy country…with gold reserves, oil and $100 billion in cash reserve. They are making serious effort…It is safe to say that an appreciation of $0.10 or even $1.00 to 1 Iraqi dinar is not out of the question.
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Kaperoni
Sanctions on Iraqi banks for continued money laundering undermines the exchange rate and hurts the spread.
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Bruce (The Big Call)
[via WiserNow]
…we’re being told by our redemption center people that we are in for a very exciting weekend…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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