Dinarland Highlights – 2.27.24
Goldilocks
Article quote:
“Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in… The capital, Abu Dhabi,”
Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion. This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time. …There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place…
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RayRen98 (TNT)
…HEARD FROM ONE OF THE 3-LTR FOLKS, THEY’RE BEING TOLD IT’S COMING “FAST” AND TO BE READY.
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Frank26 (KTFA)
Article:
“Does deleting the currency’s zeros affect its value? An economist explains”
THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE! IMO they’re about to give the citizens a new exchange rate with new lower notes to match…They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally.
[Iraq boots-on-the-ground report]
FIREFLY: Talked to bank friend. He said ever since July 2023 Alaq has said the deletion project is still in effect. He said there’s a lot going on with this process and the joining of the WTO this week could see some type of announcement. My bank friend thinks the dinar will be stronger than it was in the 1980’s. The article made it very clear that it will be. We are still stuck at 1310…we’ll take $1.30.
FRANK: I know it’s been since last year this project to delete the zeros has been going on but the beauty of it is that it’s been going on! It’s real. It does exist. It’s not fictitious. Your currency is very very close to having value added to your Iraqi dinar.
FRANK: You citizens need this because they took the dollar away and all other foreign currency away from you…And they took almost 97% to 98% of your three zero notes off the street already. They created this giant void in your monetary structure so they could fill it in and present to you the lower notes with the new exchange rate that would match it…Your bank friend knows something is happening…IMO that is quite an improvement in the landscape of your economic and monetary reform.
Back in 2005 Dr Shabibi said ‘We aspire to bring the IQD back to the glory days of the 80’s and 90’s‘
Article:
“The dinar and its three zeros – is it time to symak the dinar and return to the dinar 1980?”
Dr. Shabibi, it’s done.
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Mountain Goat
…Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual e-------n part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!
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MilitiaMan
Article quote:
“Deleting the zeros…does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value.”
If they are going to be equal in value…a dinar is a dinar is a dinar. A dollar is a dollar. When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen. There’s a difference in value. Are they one of each? Of course they are...But are they valued the same? Absolutely not…
Article quote:
“…Because accession represents and urgent priority the government seeks to meet its requirements..”
Urgent priority…Whether they do it this week or not is going to be determined but I tell you what, it sure is looking like they have come a long way. This is a big set of [WTO] meetings.
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Samson (KTFA)
Article 1:
“The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO”
Article 2:
“For the first time in 20 years…Iraq participates in the Ministerial Conference of the World Trade Organization”
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Sandy Ingram
Iraq and Turkey have an agreement where people and cargo can begin travel…up through Iraq…into Turkey and…into the Mediterranean Sea, which will allow…faster access to Europe. This project is expected to increase Iraq’s GDP, provide thousands and thousands of more jobs and kickstart Iraq’s economy foundation outside of the oil industry.
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MarkZ
[via PDK]
The World Trade Organization and the IMF and World Bank are there working with Iraq for the last week or two. The WTO and Iraq are still talking about Iraq’s ascension to the WTO. Iraq has met all the markers and goals…so we are waiting on that news.
Bankers still believe we are in that “any moment “ window with sooner rather than later.
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Clare (KTFA)
Article:
“The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization”
Quote:
“The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”
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Walkingstick (KTFA)
The market will definitely tell you a change is coming to the exchange rate. These are the reasons why it was so important to know what to look for next. The market can carry a dual rate. It should not but it does. It carries both rates at one time. One that is official and the one that is not. This dual pricing in the market for them to collect even more 3 zero notes. But they surpassed this goal. There is no need for a dual pricing in the market because they got a whole lot of dinars to return back…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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