Dinarland Highlights – 2.21.24
MarkZ
[via PDK]
Comment: If Iraq has to have sustainable pricing starting March 1 and Ramadan starts on March 11, I really feel like we are in the window now. Especially with Kuwait reevaluating during Ramadan.
MarkZ: Business is very much restricted or slows down during Ramadan…but it is still possible to have it happen then.
Question: I heard that Vietnam started their currency reform on 6/23…Do you think they are almost done?
MarkZ: I know they are making good progress and have talked about the need to raise their currency. Our US state dept. said a year and a half ago that they need to adjust their currency up.
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Frank26 (KTFA)
To me that Baghdad dollar, which is the dollar in the black market, is going to have a huge drop, which is what we all want. When it does that in the parallel market it is possible it will take it to a 1 to 1 rate…It is possible it will float with other currencies…Then the basket will float the IQD to gain value via a supply and demand of the currency on international markets…
Article:
“Finance: Completion of the implementation of the (QR) system for the validity of electronic receipts in various transactions”
THOSE ARE MECHANISMS OF THE MONETARY REFORM… BEING REVEALED…If this system is complete then Iraq has what it needs to float, to go International, to knock on FX. That’s what this is…
The Untied States of America stopped using its 3 zero notes back in the late 1950’s. But they’re still in circulation. Nobody uses them. They were never null and void. They’re actually a collectors item and worth a lot more than their face value.
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Samson (KTFA)
Article:
”Parliamentary Finance directs a request to the US Treasury regarding sanctions on banks“
Article:
“Al-Sudani: We received a letter from Washington agreeing to end the tasks of the international coalition”
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Mountain Goat
…just today another article came out from the CBI telling us about yet more steps in the RV/Reinstatement process are about to be implemented…new developments…push us even closer to the RV/Reinstatement…The news could not get any better, aside from having the reinstatement itself.
Please just be patient! The reinstatement is coming and I firmly believe from what we now already know and are about to witness is a major part of the Banking Reforms that everything else was geared up to support over the past 10 years. Iraq is about to get out of the sanctioned mindset altogether and return to common global banking practices of how they will be doing business with the rest of the world going forward.
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Jeff
When Iraq revalues both the U.S and U.N. will automatically lift and remove their sanctions. When Iraq revalues it’s an automated step and we have to give them their sovereignty back. We have to show the world Iraq has power and control over their own country…The rate change is here in March. It’s not a secret…
What was the number on thing in the month of January Iraq kept stating in all the news articles? How they achieved critical stability. In order for Iraq, the number one thing they have to do is achieve overall stability, to be eligible to revalue. Article quote “For Iraq to further continue on the path of stability and progress, an enabling environment will prove essential” She’s stating Iraq is on a path of stability and progress and continuing in that direction will prove essential. Meaning allowing them to revalue the currency and get back on the world stage.
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Pimpy
Community Comment:
“IMO I think a $1.28 would be a sweet spot for the RV and then go up from there.”
$1.28 would be pretty nice if we can get it but IMO if they want to make sure not to really crash their economy they’re going to have to go up in smaller increments…I know you guys don’t like to hear that and it makes me the bad guy. You might see it go somewhere from…1310 for every dollar…to around 1,100 dinars for every dollar or maybe even 1,000 dinars for every dollar, then from there down to like 700s…small increments.
Question:
“There have been some references…regarding some Iraqi banks in the US, have you heard about any of thee banks on US soil?”
Here you go: You have the Iraq National Bank that’s in New York. Rasheed Bank that’s in New York. North Bank that’s Dearborn Michigan, The Bank of Baghdad is in New York City, TBI Bank which is in Washington DC. These are the Iraqi banks that are currently in the US…
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MilitiaMan
The amount of construction and all those things that we’ve talked about are not going to be affordable at 1310. They specifically did a tripartite budget which they haven’t totally exposed yet…But notice the things they have done. They were in the UN assembly… Davos…Munich and they were doing deals behind closed doors with all these different countries of the world…Middle East, United States, Great Britain and on and on and on…Are they going to be doing this to stay where they were before or are they going back to a previous era? 1169, 1182, 1460, 1310, they never went international with those rate…
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Sandy Ingram
Iraq’s tourism could easily increase to over 10 billion US dollars a year, comparing it with Egypt’s tourism.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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