Dinarland Highlights – 4.21.24
Mountain Goat
Remember…the Oil and Gas law looms in the background and will surface again soon. Also after this visit to Washington I fully expect the announcement of Iraq’s full accession to the WTO to pop out shortly. Oh…it’s all so good!
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: I love this.
[Hearing the report of Al-Sudani’s Q and A about raising the level of the value of the Iraqi dinar…see 4-20-2024 multiple guru posts below]
Did he really say this? We are so excited here.
FRANK: You have your leader telling the world in Washington DC that they are about to add value to your currency for purchasing power? …This is exactly what the monetary reform has been teaching you…Now your prime minister said it. As far as I’m concerned it’s over and it’s done. Just have to wait now.
Like we told you IOO he [Al-Sudani] gave orders to have the screens put up. I don’t know how long it’s going to take for him to make this announcement to the Iraqi citizens but I just don’t see it happening much longer…
FIREFLY: Television saying that Alaq the CBI governor is going to stay in Washington DC for a few extra days. They saying to us that he’s following up on what Sudani was doing…
FRANK: Now that Sudani is back he’s going to start the process of explaining to you Iraqi citizens everything on how you are going to be receiving your lower notes, how you’re going to use the ATM machines…accounts, maybe even the education on the coins that will be coming out eventually. You should be excited because I am!
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MilitiaMan
Al Sudani…first off he shows up to Washington DC, big motorcade, heads over to the Pentagon the following day, big motorcade, comes to Michigan, what did he have? Big motorcade. He has the attention…The achievements the statesman Al Sudani has shown everybody is flat-out phenomenal…
Article:
“Member of Sudanese delegation: We will witness a rapid decline of the dollar in the coming days”
When they say the rapid decline of the dollar I don’t believe for a moment they’re saying the dollar is going to crash. What I believe they’re saying is their expectation is the dinar is going to rise.
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Deepwoodz (TNT)
Article:
“Al-Sudani: Iraq is witnessing a new reality today in the private sector”
MOU’s and Sovereign Guarantees…impossible without sovereign currency that has purchasing power.We’ve learned Iraq’s contracts have recently been adjusted so that payment is made in dinar…If so, contracts in the billions…paid in dinar, would require assurances that the exchange rate would not move in a negative direction…It may even go so far as to give an exchange rate. If the rate were to move negatively, the foreign contractors would lose out because the value of the agreed upon amount in reflection to their home currency would also be less. That’s a no go…Sounds freakin fantastic.
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Nader From The Mid East
Sudani just got back home. Let’s see what decision he’s going to make. Let’s see what he’s going to say about his visit to United States. Let’s see if they give him full control of the government and the banks and all that stuff…I’m waiting for him on Monday come out and say, ‘Okay, we have control of everything, the coalition is going to go out soon. It’s leaving soon. We control our banks. We have no more punishments.’ From then we see.
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Breitling
LOP…people that are smart, economist, get this wrong. The underlying definition is hyperinflation. How do people fight it? By removing the zeros. Nothing wrong with that. It’s smart. But it’s hyperinflation. People will point out incorrectly, look at Iraq…The best analysis I’ve read is that it [the dinar] was worth at it’s height 2.25 to the U.S. dollar…Iraq has never had a customer problem. That’s where you find the hidden value in this investment. It’s not hyperinflation…
There is inflation but it’s 100% policy based inflation. You had this currency that was worth a lot of money...What was their number one export? Energy. Then war came along. You had war inflation. But did Iraq’s customer base change? No. Did their oil producing output change? No, it went up. That’s where you’re going to find the value. That’s where the value is coming from. That’s it.
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Pimpy
Article:
“Parliament’s finance advises raising exchange rates again. Money about oil revenues?”
They are talking about changing the exchange rate to 1500 for every dollar. That’s the wrong direction. We don’t want that to happen…I know the news is frustrating but that’s what they were talking about…It’s the same thing they talked about in December. So don’t be surprised. Let’s hope it goes in the other direction.
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Clare (KTFA)
Article:
“Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar”
Quote:
“Intervention is possible even today, if needed, State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday. The dong dropped to a record-low 25,463 per dollar on the day.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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