Dinarland Highlights – 2.13.24
Goldilocks
Article:
“Viet Nam’s exports surge 42% in January”
Quote:
“Viet Nam’s exports reached nearly US $33.6 billion in January, a 42 percent surge over the same period last year and the highest level since April 2022…The increase in their goods and services will begin to increase price pressures on their currency to meet these demands through digitized payment systems.”
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Frank26 (KTFA)
IMO when you see the prices in the [Iraqi] markets start to drop, get excited.
[Iraq boots-on-the-ground report]
FIREFLY: A guy comes on TV and he talks to us about how the end of the Untied Nations mission official has removed all sanctions from Iraq…
They’re going to reinstate it to $3.22 but that was 20 years ago. You think that’s fair? No. Especially for the citizens of Iraq. Why do you think they’ve kept it at 1310. You wanted 1,200 or 1,000 right? …If I was the CBI I would have locked that 1310 in place because I would much rather come out at $1.30 or something in that range than just $1.00, it’s been 20 years.
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MilitiaMan
The 2024 Word Global Summit…
Article:
“Al-Sudani cancels his visit to the Emirates and apologizes for it”
Why did he cancel? Why did he not go to a World Global Summit? …all the other countries…180 are all there. Sudani didn’t show up. There’s got to be a very important reason why he didn’t…
Article quote:
“The Minister of Finance participates in the session of the World Government Summit in Dubai..”
And Sudani didn’t go…He stayed home, he talked about his borders…armed forces…his people…Why? He had to apologize for not making it. There has to be a very good reason I would think. We’re going to find out what that reason is..
Releasing them from Chapter VII…it’s phenomenal to see...In 2012 we thought this was over because the UN released them from specific things but they never released them from everything. They needed to do something…Now…the push is the World Bank, the seven [largest entities in the world] are pushing them, the UN’s giving them Kudos…basically stated it’s time Sudani to ask the UN to do this.
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Pimpy
I want to make myself perfectly clear – Deletion of the zeros, Lopping or redenomination are all the same thing. All they’re doing is changing the face of the bank notes. That’s it. An increase or decrease of the Iraqi dinar against other foreign currencies is a change in the exchange rate. That’s different.
Question:
“What is needed for this investment to be profitable?”
What we need for this investment to be profitable – We need them to get back on Forex. We need them to be part of the World Trade Organization. We need them to change the exchange rate without lopping off the zeros first.
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MarkZ
[via PDK]
We got another bank story overnight from a wealth manager who is reaching out to clients saying “It is time- get everything prepared” He means to get currency together and make certain they have ID’s updated if needed. He says they are at “Any moment now”. To me this is really encouraging as a lot of these stories are from bank personnel who used to say…”It’s a scam-don’t do it” when asked about buy foreign currency. Now they are telling me “you were right all along and get prepared”…we will not know the exact timing or the “when” until it actually happens. But they are now openly preparing many of their clients. We are hearing more and more repeat stories about this. But being leaned on hard to not share details right now.
Once again I am going to report we are being leaned on to not talk about redemption stuff…Especially from banks who we expect to handle transactions and redemptions…They said they really need everyone to stay quiet right now. There is a whole lot I would like to say but right now it would be ill-advised. Just know that I am very happy and content about timing…and yes I think it is soon.
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Fnu Lnu
Some opine that there is no such thing as a Redemption Center while others claim to be in contact with such Centers and their personnel. What they (redemption centers) are, is a simple solution to a simple problem. Many of the large banks in heavily populated urban centers were concerned about having the Dinar traffic clog their lobbies at exchange time. The solution is to have a separate, off-premises, specialized, Exchange Center, complete with Delaru computer, in the most populated city in each of the 10 federal regions…I haven’t been informed of any changes.
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Nader From The Mid East
Some people comes out and go, ‘Hey, the dinar is going to be $7.00 or $8.00..’ b------t like that. I don’t know where they get the information from. If it goes 1 to 1 I’ll be happy…The second thing, when they come out and they go, ‘The back screens.’ What back screens? Why you not showing the back screens? Who’s telling you about back screens? Other people go, ‘Iraq the exchange rate is internal and external.’ What the hell you saying. It’s crazy. You know they’re not going to come out and say, ‘We’re going to change the exchange rate but only in Iraq.’ …Then banks…the numbers doesn’t work like that. It doesn’t work at $7 or $8 or $11…Be reasonable. $2.80 or $3.50 maximum like it used to be…
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Sandy Ingram
The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry. Iraq holds a significant amount of the world’s history within its borders…What is needed is security and safety for travelers. Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq’s GDP.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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