Dinarland Highlights – 2.16.24
MarkZ
[via PDK]
Question: Any chatter from RVcenters…?
MarkZ: I know my RV center folks are planning to be on call this weekend.
…the fundamentals are screaming…from the projects they are doing to the international banking Iraq is setting up- to the rhetoric coming out about removing the US (puppet) strings…and one of those strings has been keeping the currency suppressed…It is all coming together. We just need it to finish.
I continue to get phenomenal news and am trying hard not to be excited in case this is not “it” yet. But, if they are accurate then things are very much underway and we will see the fruition of it in the next 4-5 days. I hope it is accurate but I want you to stay calm and grounded right now. But things are coming together in a positive way…The news is over the top good…I’ve never heard it from this many sources before and I have not had this many people that I know in real life go quiet with NDA’s. This is unprecedented for me. I guess this is one reason that I am “calmly excited”
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Tishwash (TNT)
Article:
“An international desire to invest in Iraq and three countries hold meetings in this regard”
Article Quote:
“The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization.”
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Mountain Goat
We are still waiting for the CBI’s measures to take hold to control the parallel market rate and then so they can go ahead and raise the program rate one more time, as I am told by my CBI contact is still going to happen…we must just sit tight and let them work through these issues of the parallel rate. The CBI will get it under control. As you know Iraq doesn’t work like Speedy Gonzalas…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Al Suandi is on TV news Channel One saying the best and the only way to improve the electronic payment system is the CBI should remove the three zeros, print the new currency and give us a one month period to exchange our currency. This will show the power of the dinar over the dollar…He also said this will get rid of citizen holding cash and any smugglers and money laundering.
FRANK: …That’s what they’re about to introduce to you, your new exchange rate to match your lower notes…the lower notes will only work with a new exchange rate. I can’t believe they keep saying this to you constantly every day…You are within arms reach…One month…I believe they’ll give you longer than that. Outside with us it should also be a longer time to exchange…
What they are giving the banks we’re calling them specimen sheets. The specimen sheets are of high quality…If I was the CBI I would be giving all my banks inside of Iraq specimen sheets of high quality – samples of the lower notes that I’m about to give to the citizens of Iraq…If I was the CBI I would not have these specimen sheets for the citizens… They’d be using them, the bank employees, to learn about the new lower notes and to learn about the security features…These HIGH quality sample sheets are only for the bank employees…
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MilitiaMan (KTFA)
An expert…talking about the best way for electronic payments to be successful for the central bank…
Article quote:
“to carry out the process of deleting the three zeros from the currency. Printing new currencies and announcing a period of 1 month for citizens to exchange all their money with the new edition which will give an impression of the strength of the dinar against the dollar and the rest of the currencies.”
Article:
“Minister of Commerce: International welcome and desire to increase investments in Iraq”
Article quote:
“the meeting came out with many decision that were approved including … welcoming Iraq’s accession to the World Trade Organization.”
That’s awesome…Are we waiting for a major announcement? Remember Salih said there was going to be a major announcement and we haven’t heard it yet. This right here is that this major announcement? I don’t think so. It’s almost like leakage…
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Pimpy
When you take the three zeros off the 25000 dinar you only have a 25 dinar. It give the impression of a stronger currency because it doesn’t look like an over inflated currency. It didn’t say it’s going to be stronger. It says…Deletion of the zeros is to give the impression of a much stronger currency. It gives people confidence…If they do that before they change the exchange rate we are a-s out. We need to figure out how to swap our currency for the new currency…What did I say we wanted to avoid?A redenomination until we see it go up in increments..Now all of a sudden they’re talking about forcing Iraqi people to bring inter dinar by redenomination. Man, this is looking bad.
Everybody is getting hyped up about Jamie Dimon and JP Morgan being over there in Iraq…It’s not that big of a deal. It isn’t…
If you are a newbie to this…you’re going to go bank-to-bank and talk to the tellers. Of course they have no idea what you’re talking about because they don’t deal with foreign currencies. They don’t know anything about the Iraqi dinar. They don’t know anything about any other currencies unless they deal with specifically exchanging your foreign currency. That shouldn’t be surprising to anybody.
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Fnu Lnu
You are in charge of how you wish to pay your taxes. They will either be a 988 tax regimen or a Capitol Gains regimen. It is your decision. There are positives and negatives to each and you must choose what works for you in your situation and how much currency you have to exchange.
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Sandy Ingram
Iraq is getting closer to a currency reset…Iraq’s rail plans have investors worldwide watching carefully…The rail connection in Iraq from the Gulf to Europe will change Iraq’s economy. This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system…Mexico’s exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico…This is one of the major paths that can lead to a higher GDP and a higher value in the currency. The project is set to start in early 2025.
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Bruce (The Big Call)
[via WiserNow]
…According to one of our strong sources...we’re at the position where we could get notified…Friday or Saturday with our notifications and hopefully start by Saturday for exchanges …we should be able to get started, hopefully within the next couple of days.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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