Dinarland Highlights – 3.27.24
Mountain Goat
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.“
OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate…
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MarkZ
[via PDK]
We may see it by Easter…The news is so good…We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time.
There are some meetings with Iraqi ministers in DC and some at the UN in New York. We will not see Sudani until April 15th…but no part of me thinks they would pull the trigger with him not in his own country.
Comment: IMO Sudani isn’t coming here on 4/15 to raise rates after he leaves…i think he is taking a victory lap because it will RV before he comes.
MarkZ: That is what I think is going to happen. My gut is screaming somewhere between now and next Wednesday based on what I am hearing…but nobody knows the exact timing. I certainly am feeling good about it.
…bank story…One of our members went into a Wells Fargo and spoke to a manger. She asked if all the recent redecorating was because they were going to be a redemption center. The manager said “As a matter of fact –yes.” Then went on to say that they have to wait for a notifications to start... I thought this was positive as we so rarely get a positive story from WF.
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RayRen98 (TNT)
STOP LOOKING FOR IT “TODAY…THIS HOUR…THIS MINUTE.” IT’S COMING SHORTLY.
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Frank26 (KTFA)
No bank is going to exchange your Iraqi dinars. It is the wealth management departments. For example the one that we’re using Chase is using JP Morgan. Chase is not going to exchange your dinar. JP Morgan is…
All the contracts that Al-Sudani signed around the world are now being recalculated and being converted into dinars…That takes guts to do that. Normally a country would simply walk away and say forget you, up yours. But right now Sudani has so much power, he is in so much control that the world will bow to any of his demands concerning the economic reform of Iraq all because the monetary reform was successful and proven to them. They all want a piece of Iraq, at whatever cost.
IMO the United States of America has been paid in full…mission accomplished…IMO Iraq and the United States have come to an agreement on many files and the one important file was the sanctions on the banks that needed to be lifted…There is a lot happening. It is complex. It is tedious. It’s all concerning the monetary reform.
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Clare (KTFA)
Article:
“Natural resources in Iraq…a huge treasure neglected by an “official decision”!”
Quote:
“unfair government decisions have deprived Iraq of huge billion-dollar revenues…It has natural resources … such as oil, natural gas, phosphate, sulfur, and other minerals…Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars…this puts Iraq in a distinguished position among the countries of the world rich in natural resources…For example…Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.”
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MilitiaMan
Article:
“Investing Iraq’s natural wealth is a step towards economic integration”
The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector…That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! …No more reliance on just oil is here to stay…
Article:
“Fouad Hussein: America avoids talking about sanctions against Iraqi banks”
The banks that were sanctioned were likely ones that may have had connections to the crime of the century. Those arrest warrants for many in the previous government are fresh in the news. Regardless the US Treasury has more important things to talk about. They are talking reforming the banks and financial issues above and beyond energy!! Things are coming along very well. They are setting the stage in the USA and the UK, while informing us all along the way.. I so very like today’s news.. It is amazing.
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Pimpy
Community Comment:
“George Bush once stated the war will eventually pay for itself.“
Nope that was Paul Wolfowitz. He worked for the Bush Administration but it was not George Bush who said that.
Surprise! I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything saying they were in the process. That’s all it said. Apparently they are beyond the process and they’ve been through the process since the end of 2022 beginning of 2023. Great, that’s another big accomplishment for Iraq. We need to make sure restrictions under the currency are lifted. We need for them to get into the World Trade Organization and we need to see them on the Forex. Those things have got to be coming soon. This is exciting new for Iraq….
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Fnu Lnu
The Dinar Mythology surrounding this EO is amazing…It says exactly NOTHING about buying Dinar. Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq… Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise. The Executive Order also declares a national emergency to deal with the threat to a peaceful reconstruction of Iraq, which US Presidents have renewed every year since, most recently in May 2023.
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Sandy Ingram
A pivotal moment looms on the horizon with Iraqi Prime Minister Mohammed Shia al-Sudani slated to visit Washington DC on April 15, 2024. President Biden is set to host this crucial meeting…It’s not all about military…the meeting is also expected to tour upon Iraqi financial reforms…This is the reason this meeting is important for Iraqi dinar investors. The US…undoubtedly has a vested interest in the successful implementation of these reforms.
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Bruce (The Big Call)
[via WiserNow]
I think we’re going to be pleasantly surprised by what should be happening this Easter week…Thursday is looking very good for us…So the idea is that we do get started this week before the end of the month and that’s a very positive thing…that is really good news…I’m excited about this week guys…
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Walkingstick (KTFA)
The citizens of Iraq are not exchanging for the float. They’re exchanging for purchasing power. That’s all the Iraqi citizens get. They only get purchasing power of their currency which is everything to them.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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