Dinarland Highlights – 5.16.24
Mountain Goat
Article:
“THE DOLLAR IS REELING FROM A FATAL BLOW AND THERE ARE FEARS OF A COLLAPSE OF THE DINAR”
…let me say with 1000% certainty the dinar is NOT going to collapse…
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MarkZ
[via PDK]
Community Comment: I heard Sudani is making commercials telling his people about the new currency and the rate?
MarkZ: Yes and they even started a committee whose job is to help get that message out to the people.
Are you guys ready – are you paying attention and waiting for big announcements or “extraordinary plans” to be revealed in Iraq on Sunday – according to Sudani? Now this has something to do with the budget. Finishing the 2024 budget. I tell you what – announcing a different rate would sure fix all of those problems including the budget. We are all praying this means something big…
Question: Could we be in the banks next week?
MarkZ: If we get a rate on Sunday – IMO we could be in the banks next week.
I continue to hear great things from banks as they continue to train. They say it means we are close but I don’t know what that means timewise.
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Frank26 (KTFA)
Community Comment:
“I Remember you stated a long time ago that the float will be quick.”
Yeah, IMO the hunger for the Iraqi dinar is great and the investors are almost endless. I believe when it floats it’ll be like getting gunpowder on fire. It’ll move fast…Within 3 months you’re going to see a significant change. Within 6 months it may be done. I hope that within a year they’ll cap it…IMO $3.86 to $4.25.
Question:
“Are we waiting for the United Nations to remove sanctions?”
No they’re all removed. “Are they playing catchup or is everything going according to plan?” Everything’s going ahead of plan. They are moving a lot faster than we even expected right now.
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Bruce (The Big Call)
[via PDK]
…we know we’re super close… Most banks…have been fully trained all the way down to the teller level about currencies. And now it’s a matter of throwing the switch and getting us toll free numbers and setting our appointments…I think we’re very close to …going…
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MilitiaMan
Article:
“Sudani directed the extraordinary session of the council for next Sunday, the federal budget schedules for the year of 2024”
We have the vote for the speaker of the House of Representatives on Saturday and then we have a special session about the 2024 budget schedules with the Council of Ministers then they go to the HOR…
Article:
“Securities Commission: We are studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges”
Get ready because each and every one of us that have a brokerage account may in the future have the potential to buy stock in Iraq….You might find some fascinating companies. There could be some index funds that you want to try to tap into…
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Sandy Ingram
It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue. It appears until Iraq updated its banking system the country could not participate in the global financial platforms…The bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.
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Kaperoni
The current CBI rate of the dinar is 1310. The market rate is teetering at 1460 which is not within the 2% IMF requirements. In fact, it’s closer to 10%.
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Pimpy
I said it a million times. I’m saying the deletion of the zeros is a possibility. I want the same thing you do. I own Iraqi dinar. I’d rather they keep the zeros on and change the exchange rate to $3. I would love that. Or even 1 to 1. I want the same thing you do. What I’m saying to you is you guys should understand that there’s another possibility that’s likely to happen. That’s all I’m saying…
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RayRen98 (TNT)
Comment: Today is the Day.
RayRen98: MORE LIKE “TOMORROW” IS THE DAY. GET READY…GET READY!…GET READY!!…GET READY!!!…GET READY!!! $$$$$$$$$$$$$…
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Clare (KTFA)
Article:
“Iraq increases its possession of gold by more than three tons, bringing the total to 145,661”
Quote:
“Iraq’s gold reserves witnessed a noticeable increase during the month of February 2024,as International Monetary Fund data showed that Iraq has increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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