Dinarland Highlights – 5.12.24
Mountain Goat
In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.
______________________________________________________
RayRen98 (TNT)
“ACROSS THE POND” FOLKS ARE CLAIMING WTO ASCENSION & AN INTERNATIONAL CURRENCY. SOME 3-LTRS ARE STARTING TO CONFIRM AND ACKNOWLEDGE. TIME WILL TELL
______________________________________________________
Frank26 (KTFA)
This [new green 1000 fil note] is not a “lower note”…it falls under the category of fils. What does that mean? …It takes 1,000 fils to make 1 dinar.What does that mean? It means the monetary reform is successful. It’s brilliant! …it is cheaper to print paper than it is to mint coins…They are not minting coins right now…these are called fils but they’re in paper form…
This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there’s no reason for these fils whether they be in coin form or paper form. It’s illogical. There’s not reason for it…These fils paper or coins and the exchange rate are not activated yet. They are all in the background waiting for when Sudani says it’s time.
Question:
“Do you think the rate will be on Forex?“
Yeah! The Forex will be one of the very first to receive it.
______________________________________________________
MilitiaMan
Iraq is going to be watching and waiting for their purchasing power…They have revenue streams from all different angles…You got natural resources galore – oil, liquid natural gas, tourism… agriculture…Are they going to be able to support a value of there currency? Of course they are. They were $3.22 back when oil was at $35. What if you added on to that all those things I just mentioned?
Once the COM [Council of Ministers] gets it [Budget] they’ll vote on the amendments and then they’ll forward that on to the House of Representatives. I don’t know that we’re waiting for all of that… Alaq’s job is to be independent and part of his job is the exchange rate. If there’s going to be a change he’s the guy that’s going to be acting in a manner to do so.
Advertisement
______________________________________________________
______________________________________________________
Paulette (KTFA)
If you go back and read articles after 7/1/23 you will see that Iraq is still under US/(UK) guardianship (receivership) …There were calls then for the UN to lift this guardianship but [4/10/2024 Article “Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq.”] may now be the first “Official” call that I have seen…The c-----t in the US do not want this to change…..The good news is that IMSO, their days are numbered…
______________________________________________________
Sandy Ingram
The IQD was not convertible to other currencies on global markets before the 2003 invasion…Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets…People with education in economics say the Iraqi currency will be readily available for exchange in US banks…The question then becomes –
How long will it take US banks to recognize the currency after the initial increase in Iraq? Oh, you believe it will all happen on the same day? We would hope so, however this is unlikely… Savvy investors may have to travel for the exchange rate…If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? …We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars.
______________________________________________________
Walkingstick (KTFA)
There is an explanation being given to all the people involved in the economic reform by Sudani and Alaq. In this explanation phase the information on the new lower notes and the information on the new exchange rate will be disclosed…There will now be a slew of press conferences with all of the GOI, Kurdistan Barzani people, the CBI, the [CBI] board of directors, everyone of them standing, planning and supporting the reforms of Sudani…
______________________________________________________
Advertisement
______________________________________________________
Clare (KTFA)
Article:
“Iraq produces more than two million tons of cement during the first quarter of 2024”
Quote:
“…it had achieved a remarkable development in the volume of production achieved in the first three months of the current year, by 22% compared to the first quarter of last year 2023”
—
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
