Dinarland Highlights – 3.6.24
MarkZ
[via PDK]
Last time I checked [Forex]…it [dinar] was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.
I feel confident we are extremely close…Maybe today or tomorrow…I’ll take either…or whenever we get it. I am afraid to let myself get to excited.
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Mountain Goat
Article:
“OFFICIAL: THE ISSUE OF IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION IS COMING SOON”
Quotes:
“the issue of Iraq’s accession to the World Trade Organization was imminent,”; “Iraq is seeking to enter the World Trade Organization, and the issue is coming soon.”
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Frank26 (KTFA)
I told you a long time ago, the IMF said to the world, Iraq is in the process of adding value to their currency. You can look it up on the IMF website. How come they don’t say that about any other currency in the world?
Article:
“The International Monetary Fund promises to support the digital transformation in Iraq”
The digital transformation is what’s going to allow the Iraqi dinar to float in the basket internationally.
[Iraq boots-on-the-ground report]
FIREFLY: TV is saying we are now using the best and most improved international electronic payment system they said it’s one of the best in the world with all the security features and all of this is from the CBI…
FRANK: The electronic payment system is a huge key to the monetary reform for the float…Notice everything is coming from the CBI and not one word of negativity from anybody else.
You have the 25,000 dinar note. You don’t take a pair of scissors and cut out the three zeros. A lot of you think that. No…The official exchange rate… .00085971 . You don’t go around thinking to yourself they’re going to take a pair of scissors and they’re going to cut the physical dinar. No. No. No. What they’re going to do is take the exchange rate…put the decimal point there so the exchange rate then would be about .86 cents [rounded off]... What does that mean? If you have 1 dinar you have $0.86 cents when they lift the 3 zeros from the exchange rate…It’s a reinstatement…back the way it was.
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Suzie (TNT)
[Reply to Guru Frank26’s Dinar on Forex post 3-5-2024]
Just MY opinion, no smarter than a d--b blonde can be, I think we’re over-speculating on this Forex thing. I’ve done those calculations same as most and my OWN reality is none of it means anything until Iraq gets the dinar rate down to the 1-1 and then I think we’ll see the rate rise quickly to what we’re all looking for…
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Pimpy
There’s a lot of hoopla going on about Iraq joining the World Trade Organization and rightfully so. This is one of the big steps that Iraq needs to take in order to rejoin the international community… Article “Official: The issue of Iraq’s accession to the World Trade Organization is coming soon”
Within the past year we have seen more and more exciting news. It isn’t just talk and hype…This time we actually see articles that are showing the progress that Iraq is making in order to start working and trading with the international markets. They’re doing all they can to strengthen their currency while at the same time show stability… Things are going good. They’re actually going a lot quicker than I anticipated.
Being admitted into the World Trade Organization is going to be a huge step…This is why I’m saying most likely you’re going to see the Iraqi dinar go up in value, in increments. Once that gets started I anticipate it going at a really fast pace.
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MilitiaMan
Article quote:
“Accession [Into WTO] is imminent“
…What are they waiting for? …Iraq’s going to have to make a decision on their real effective exchange rate. That’s my view…You can’t have Iraq having imminent accession to the international markets through the World Trade Organization without having a Real Effective Exchange Rate. Most of us believe 1310 is not a real effective exchange rate.
Article:
“The dinar and the dollar”
Remember Al Sudani told everyone that the Iraq dinar will return to its lofty economic value because the dinar is stronger than the dollar. There are things that are coming back up. This is Muhammad Rasheed, he’s talking about the national currency…the dinar. He’s stating that the economic world is witnessing a qualitative boom in awareness. A lot of people around the world are figuring this out and very soon it will overthrow the dollar. So the dinar is going to be stronger. Al-Sudani told us that…This guy Muhammad Rasheed is holding his feet to the fire…
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Fnu Lnu
[Reply to Guru Frank26’s Dinar on Forex post 3-5-2024]
There is no such thing. A) The rule of One Price and B) There is no back side or private side to FOREX...With that being said: There are platforms in Shanghai and Singapore that are totally unregulated. It is the wild west of commodity trading and they create investment packages where they bundle up packages containing many different speculative investments into a bundle and trade those. But that isn’t happening now either though it was a thing with the IQD several years ago but not now…
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Walkingstick (KTFA)
[Iraqi Bank Friend called #1 Update – He owns 7 banks, 2 in Jordan]
About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. They were very very precise pictures of the lower notes. It turns out #1 has them...They started to practice and use them but they needed more help so they requested. You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now…The new software will be with them and the banks within this week.
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Fiat Padawan
[Reply to Frank26’s dinar on Forex post 3-5-2024]
…The underlying charting technology is from TradingView…This software handles a wide variety of markets and products. You have to be careful about what you put in the search criteria...“USDIQD” is NOT the same as “USD/IQD”… the first refers to the forex market, the latter to index funds. In fact, as index funds “USD” is “ProShares Ultra Semiconductors” (pre-market trading at about $100), and “IQD” is “Wisdomtree International Quality Division Growth Index” (trading at $34.61), so you can see 100 / 34.61 = 2.89 ...It has nothing to do with the IQD currency…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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