Dinarland Highlights – 3.24.24
Tishwash (TNT)
Article:
“Iraq is ninth in the world in natural resource reserves…”
Quote:
“Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years.”
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Mountain Goat
Wars, displacement, and sanctions have left Iraq’s economy underdeveloped and almost solely dependent on oil exports. But things have changed in Iraq and come this mid-year 2024 we are about to see the results of many years or reforms in an explosion of progress in many areas of development in Iraq. You see, all these reforms we all have been reading about in the many articles are all good but unless Iraq actually sees any impact they are meaningless. Oh…but we are about to see the impact and it is going to be HUGE $$$.
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Frank26 (KTFA)
Article:
“Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House On April 15”
SUDANI IS NOT GOING TO DC TO GIVE A NEW EXCHANGE RATE… HE IS GOING TO ACTIVATE IT!
Hawaiians, your bank is The Bank of Hawaii. They do exchange foreign currency right now. The people that represented us…went past the front line of defense…and got to the wealth management advisors…They did not deny the Iraqi dinar. They knew what was going on...She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you…When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we’ll do that for you as well. She chose her words very carefully...
She says to me, this is private banking. None of your information will be shared with anyone. It will not be seen more exposed by any of our tellers. Only people in the wealth management department will see your numbers. The people in the front are for the public. We in the wealth management are separate from them. The bank, they are the public side, we are the private side…You are the highest tier that we offer…
[Iraq boots-on-the-ground report]
FIREFLY: Talked to bank friend. He told me it seems to be the quiet time but soon news on the amending budget will appear…Nothing will get done, so it’s going to be soon. The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.
FRANK: Stay very close to your friend because at any moment IMO I believe he’ll be able to give you what you’re looking for, what they promised you.
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MilitiaMan
Article quote:
“Iraq joins FEMOZA”
It’s the World Federation of Free Economic Zones. Why is this important? Iraq has accession to this…We have the accession law to join the European Bank and now we have the accession to the World Free and special economic zones federation...Both of these entities are about finance and building new industrial cities. If you don’t think Iraq is going to go international, you might think again…
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Clare (KTFA)
Article:
“Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of economic policy”
Quote:
“We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate…”
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Pimpy
One of those myths that are out there…Executive order 13303…If you’re a new persons investing into the Iraqi dinar you will hear…we’re allowed to invest in Iraqi dinar because George Bush signed executive order 13303…Nowhere in executive order 13303 does it state such a thing...Having said that, it doesn’t mean you can’t invest in Iraqi dinar…Obviously investing in currencies are a thing but nothing in these orders at all say that Bush gave you the right to invest in the Iraqi dinar.
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Jeff
Parliament can only approve the budget after the rate officially changes. The rate has to officially change before parliament can approve it…
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Sandy Ingram
Article quote:
“Salih summarized on Friday the benefits of Iraq’s accession to the membership of the European Bank for Reconstruction and Development.”
It looks like Iraq is doing everything possible to join the international financial platforms. We need to wait and see how this will affect our ability to exchange our Iraqi dinar bank notes for US dollars.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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