Dinarland Highlights – 3.28.24
Mountain Goat
Article:
“BIDEN TO HOST IRAQI PRIME MINISTER ON APRIL 15: WHITE HOUSE”
…could this visit to Washington talk about the currency reform and getting support for it? Certainly it may and probably will...President Biden is scheduled to meet with the Iraqi Prime Minister Sudani…and dedicate several days to Iraq and the situation in it, a clear signal of respect for the Prime Minister and Iraq’s political and international standing. Talks I am sure will be mostly about the Status of Forces Agreement.
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MarkZ
[via PDK]
Bank story: One of our members had a friend go to a bank in N. Carolina yesterday. They had a conversation with a branch manager. They talked about an hour on life, currencies, expectations etc. The Bank manager said they are absolutely prepared for this. He said he knew a lot of banks were avoiding it but they were preparing for it. He said “We don’t know the timing but it could be at any moment” So they were having a very long conversation with a banker that was clued in, plugged in and prepared…
Question: Do we have the green light yet Mark?
MarkZ: I think we have the green light. I am looking forward to what the next few days bring.
COMMENT: Sudani is supposed to be in the US on April 15th.
MARKZ: Personally I think Sudani may be here for a “victory lap” after we have already started doing out exchange.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The foreign minister already in USA is a prelude to Sudani grand stand that’s coming April 1st, our new fiscal year.
FRANK: So much is now pointing for your 1st quarter. April the 1st or maybe the first week of April especially with Sudani going to see the President of the United States in Washington DC on the 15th of April. It seems to me he’s going to go see the president with a new exchange rate under his belt…not the weak leadership of a program rate.
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MilitiaMan
Article Quote:
“Advisor to the Prime Minister al-Sudani…the global economic community estimates as a stock capital at prevailing price today, Iraq’s worth about $16 to $17 trillion U.S. dollar”
It’s a lot…Instead of having people come in and mine it, take it away and produce and sell it, Iraq’s going to mine it, produce it and sell it. They’re going to get both sides of the equation…That raises the income stream for Iraq…
Article quote:
“…in addition to the possibility of achieving a significant increase in its Financial incomes that would raise the purchasing power of the Iraqi individual…”
To me that’s massive because…they’re talking about raising the purchasing power of the Iraqi dinar. How do you raise the purchasing power of the Iraqi dinar without changing the exchange rate? Obviously…they can’t.
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Pimpy
When they re-denominate all currencies are going to have a new look. Most likely what you’re going to see is the same thing you see here in the United States. We have a $100… $50…$20… $10…$5… and $1 bill. Most likely that’s what you’re going to see in the dinars…
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Sandy Ingram
We often talk about $0.10 to $0.25 to one U.S. dollar. People get upset but that is what could happen without a reval. And most of the [Dinar investors] would experience a six-figure profit if the currency just went up to 10 cents to 1 U.S. dollar.
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Kaperoni
Iraq only has a net worth of about $16 trillion dollars including all minerals and oil in the ground. With over 80 trillion dinar in circulation they could never significantly RV the Iraqi dinar.…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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