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Dinarland Highlights – 2.26.24
tlm724 (Bond Lady’s Corner)
Article:
“For The First Time In 20 Years…Iraq Participates In The Ministerial Conference Of The World Trade Organization”
Quote:
“Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization…pointing to “the completion of the requirements for Iraq’s accession to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”
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MarkZ
[via PDK]
One of the articles I like the most from Iraq:
“ITC hosts Iraq National trade forum”
With support from Iraq’s national Trade center and the government, and a joint agency of the UN and the World Trade Organization. The entire goal of this is to foster International trade, and import and export opportunities in business on the international stage.
Now over the weekend – this is where it gets fun…There was a lot of conversation and many stories about needing to have a committee for “repricing”… Why do they need to reprice? Maybe they are getting ready to change the value of the dinar? This is HUGE. And they were very up front over the weekend on “Removing the zeros” and this process provides more purchasing power…they call this the “mechanism to delete the zeros” This process requires increasing purchasing power when deleting the zeros…this was a huge weekend…As they increase their value they need to update their bills including the lower denominations
“For the first time in 20 years, Iraq participates in the Ministerial conference of the World Trade Organization”
Including the completion of the requirements of Iraq’s ascension to the organization!! And joining the multi lateral trading system. This is a big one…
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MilitiaMan
They’re talking about deleting the zeros again…We’re not talking 1, 2 or three articles…
Article quote:
“The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles…”
If you go from 1310 to something back to a ‘previous era’…is a big move…
Article quote:
“When this is done correctly we can expect…a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.”
Question:
“Does deleting the currency zeros affect its value?”
Of course it will.
Quote:
“Currency zeros do not conflict with its value.”
Of course it’s not going to conflict. You delete the zeros, is that a conflict? No. It brings purchasing power. If you deleted the zeros and there was no gain that would be a conflict. How are you going to tell people for all these years we’re going to get purchasing power and then you do a LOP and there’s no value difference?
Article:
“The Central Banks show that the amount of printed currency decreased by 1trillion between November and December 2023”
They’ve been reducing their money supply for 20 years… They’re telling you specifically they have been, in the trillions… Less supply means more value…They’ve been doing what we said they were doing. They’ve reduced the note count. We’re going to see what the accurate numbers are and we’re probably gong to see that in valuation of the Iraqi dinar.
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Frank26 (KTFA)
Article:
“The dinar and its three zeros – is it time to symak the dinar and return to the dinar 1980”
IMO [symak means make] What’s so big about 1980? So you want to return the dinar to the 1980’s? By 1971, ’72, ’73, the Iraqi dinar on the international market was $3.778. Then…it was reduced on purpose to $3.2169 in 1980.
[Iraq boots-on-the-ground report]
FRANK: The GOI and the CBI came out and told you Iraqi citizens they are forming a committee to reprice your products in the markets…We told you once you see them start to do this repricing of items inside of Iraq’s markets to get excited. IMO this is the precursor to your new exchange rate…things are very exciting right now. Your bank friend will be talking to you very soon.
FIREFLY: CBI came on our TV Channel One financial channel and the government is saying saying there are no liquidity issues…
FRANK: He is trying to explain he has full control over the American dollar inside of your country…
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Clare (KTFA)
Article quote:
“the prevailing proposal is to replace every thousand dinars of the current currency with one dinar of the new currency…The deleting zeros can achieve many benefits, the most important of which is getting rid of high inflation pressures on the economy and restoring confidence in the national currency and the monetary system as a whole, facilitating accounting processes and cash exchange between citizens, and reducing the cost of managing and maintaining the monetary block by reducing its volume under circulation”
Article:
“The Prime Minister of the Kurdistan Regional Government arrives in Washington on an official visit”
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Walkingstick (KTFA)
IMO the monetary exchange rate has been monitored to deal with internal inflation in the country of Iraq. The RV phase of the monetary reform brought forth all the calculations in order to succeed with the citizens first…Therefore when they reprice the market in Iraq get excited.
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Paulette (KTFA)
IMSO…now that the Federal Court ruled, the Oil and Gas Law is no longer needed.The court wrote the entire Oil and Gas Law in one decision. All government employee salaries are paid through Baghdad and all oil and non oil revenues of Kurdistan go to the Federal government. Nothing more to say or agree to. “Binding and Compelling”.
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Nader From The Mid East
Article:
“Data from the Central Bank of iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023 while indicating this decrease in the amount of currency is the 3rd largest decrease recorded in 20 years…“
Very good news, IQD decreasing. Wow.
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Pimpy
The deletion of the zeros is not off the exchange rate…I’ve showed you in writing.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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