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Dinarland Highlights – 5.20.24
Mountain Goat
Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or…export more products…
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Wolverine
It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sudani didn’t say anything about the rate inside of the budget. They didn’t say a word. COM didn’t say anything. COM saw the budget with Sudani. We see them sitting there and they’re looking it over but nothing is announced except the approval and that it’s going to the House of Parliament now.
FRANK: You know very well what’ going on. He will protect the budget until the very last nano second.
There’s some good articles about the float… that’s the number one topic right now…We’re looking for those videos I told you about. We’re looking for more information to be coming out. This plethora of articles, notice they’re all focusing on what? The float. Because that IMO is what’s next.
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MilitiaMan
The budget doesn’t work at 1300 to 1 or 1310 or even 1320. It’s doesn’t work at 1160 for crying out loud let alone 1460. Why is it going to work today? It’s not.
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MarkZ
[via PDK]
Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this up coming Memorial day weekend. …But, There is a lot of smoke out there.
I believe…Sudanis big announcement …yesterday…was that they passed the budget. They have made a lot of agreements…a lot of movement toward Erbil and the HCL.
Question: How can Iraq pass their budget without a new rate?
MarkZ: Remember when they designed their budget – they added a clause in there for a value change…for the budget to adjust for a value change. We are hearing they passed a budget but we are waiting for a few details that are missing. Things that are not released yet. This may be an interesting day on that front.
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Pimpy
Article:
“Floating the Iraqi dinar. A solution to fill a ‘gap’ whose volatile price against the dollar”
If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I’m out of there! Seriously, I will sell my currency…The cool thing about this is there’s no talk about a redenomination. So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate? …Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it. I wouldn’t procrastinate or gamble with it.
Article:
“A reading in the fiscal and monetary policies of the IMF report – May 2024”
This is not good, mostly because they rely so much on oil revenues and they need to develop the private sector more…Yes Iraq is taking huge leaps and bounds but…there’s a lot of things that still have to be done.
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Sandy Ingram
Several members of the UN Security Council including Russia and china…backed Baghdad’s request for the world body’s political mission in Iraq to shut down by next year. Washington did not immediately offer its support.
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Clare (KTFA)
Article:
“The Central Bank begins the second phase of its banking reform strategy”
Quote:
“what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably”
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Kaperoni
Article:
“Specialists: Economic integration and job opportunities await development”
Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we’re beginning to see such steps.
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Fnu Lnu
[Reference to the need for an NDA]
There is nothing for any Dinar holder to disclose. ALL DINAR OWNERS will get the exact same amount for the exchange rate of their Dinar. There will be NO DIFFERENCE in rate between participating banks or whether you go to an off-site exchange location or not. NONE! NADA! There is NO information to protect for the ordinary Dinar owner/investor. People who were invited to participate in the Private Placements were typically those who have over 10,000,000 Dinar and the reason for the NDA is because they will receive a substantially higher rate for their exchange because they are selling to private foreign entities, in a private sale, outside the general public participant who typically owns only one 25,000 Dinar Note.
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RayRen98 (TNT)
3 LTRS ARE BACK AT IT AGAIN… EXPECTING SOME “IMMEDIATE ACTION” IN 24 HOURS! TIME WILL TELL…I’M EXPECTING THE “REST” OF MY MIRACLE…TUESDAY NITE NOW!
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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