Dinarland Highlights – 3.13.24
Mountain Goat
This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. …we know that what has been accomplished in the de-dollarization process is hard to undo at that point…So, there is no turning back and they must move ahead.
______________________________________________________
MarkZ
[via PDK]
Comment: …I am starting to think this is all bullcrap…please talk me off the cliff.
MarkZ: Were you paying attention yesterday morning? Did you see the article yesterday where they are “OPENLY” talking about changing the rate [Reference MarkZ posts 1 & 2, 3-11-24] …and we know they have formed a committee to educate folks on the repricing because of changing rates. We know its going to happen…it’s the “when” that is still the monkey on our backs….
The market crash is looking closer and closer. More and more economists are saying it is likely …Jaime Diamond [CEO J.P. Morgan Chase] recently said the Iraqi dinar is going to save the worldwide financial system. So will we see the crash and then bam…they pull the trigger???
______________________________________________________
Frank26 (KTFA)
We were looking for 1,200 or 1,000 [to 1 USD] but I don’t think we’re going to see it…We haven’t seen a single pip movement …It’s possible they may be looking at $1.10, $1.20 or $1.30…Let’s see where they enter the basket. I’d love for them enter at 1320 because that means we’re ready. I don’t think there’s any more preparation is required…I believe they have the potential to cap it at about $4.25 [in the float].
The banks are not saying as much that it’s a scam. If you hear someone that says it’s a scam it’s probably someone at the very front line. But once you get past them we’re finding they have JP Morgan representatives at every Chase Bank it seems like. Perfect timing…Not one bank story has been negative in 8 or 9 days or so…The resistance is getting less and less. The force field is no longer at 10, it’s probably at 1 or 2.
I’ve always said that when it would happen IMO it would be from a Saturday night when you’re asleep to when you wake up on Sunday morning. Saturday into Sunday is what I’ve always said. Sunday into Monday is illogical because that’s a second day of the week. The first day of the week is when you would officially kick the football and start the game.
______________________________________________________
Paulette (KTFA)
This is clearly what the article said… They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD…Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD.
…What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.
Advertisement
______________________________________________________
______________________________________________________
Pimpy
Can the Iraqi dinar get as valuable as a Kuwait dinar? Of course it could. There’s a lot of hurdles there. Are they [Iraq] going to be reinstated? No. Two different stories. The invasion and occupation [of Kuwait] was about 7 months…The Kuwait government was still able to do business as usual outside of Kuwait, use the money they had in their reserve fund. Iraq did not have that, not to mention the fact that S----m Hussein… printed the hell out of the Iraqi dinar causing the value of the Iraqi dinar to drop…You can’t compare Iraq to Kuwait because there’s no comparisons…
I hold millions of dinar and people act like I don’t want the $3.22 exchange rate with the current currency, ‘No, Pimpy doesn’t like it. He doesn’t believe in it.’ What the hell are you talking about? I own millions of dinars. Nothing would make me more happier than them to jump up to a $3.22 rate and keep the same bank notes that we got now.
______________________________________________________
MilitiaMan
Article:
“Economics website: A new application enhances investment movement in Iraq”
Quote:
“...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.”
It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani’s government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes…Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but…as in fils…This is another good sign Iraq is opening up to the world in a big way.
______________________________________________________
Sandy Ingram
OPEC+ members agreed to extend voluntary production cuts by 2.2 million barrels per day in the second quarter of the year…Iraq is losing anywhere from $2 to $3 billion a month in OPEC’s volunteer program to cut oil production.
______________________________________________________
Advertisement
______________________________________________________
Clare (KTFA)
Article:
“Al-Sistani: The beginning of the month of Ramadan is today, Tuesday”
—
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
