Dinarland Highlights – 9.11.24
MarkZ
[via PDK]
Another big one over the weekend is…folks are commenting from Iraq that they now have control over their own oil revenues. If this is a fact it means that bills have been paid and we are about to see the official announcement that Iraq is out of chapter 7. This is huge. We know they met all the requirements some time ago. But it now appears they now have full control of their oil revenues. This is a huge piece…. We just need an official announcement…before we can set up the band and have a party.
…article from Baghdad today:
“It will turn the parallel market upside down-Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates”
When they say raise exchange rates…they are talking “in the wrong direction”… So if one US dollar now equals 1310 dinar…it will go to one US dollar equals 1500 dinar or so. So what they are going to do is have an auction on US dollars. They are planning on injecting more US dollars into the markets and buy dinar off of the streets. “To help support the exchange rate” is the claim. And to help clean up the sanctions and money laundering….
Think about this. It will hurt the value of the dinar temporarily but allows them to buy it at a discount through major auctions. S--k trillions more dinar off the streets…What a great prep going into a re-valuation. It will help them justify a higher value. This may be major for us. This is my theory and I think it makes sense.
Comment: Sounds like bad news to me…like they won’t RV for weeks now.
MarkZ: If auctions are immediate – they could be ready in a day or two. I believe they will move forward quickly on this… Remember Sudani said just last week that they plan to revalue this year during his administration….I think the timing is great and they are setting the stage.
Question: Is your gut still screaming between the 11th and the 15th?
MarkZ: Yes it is…. I know that chatter from Iraq has been fantastic.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: A big delegation including Alaq…He went to Erbil for the economic meeting. There was a closed meeting after the main meeting. We expect it was mainly about the oil and gas HCL they have been talking to us about.
FRANK: This is all monetary reform education.
FIREFLY: CBI is talking about a mechanism to terminate the electronic platforms.
FRANK: That’s right. They can’t steal the money through that method anymore. This is fantastic…The American dollar and the dinar are now being protected from those that were stealing it, from Iran. Because that was the US Treasury’s #1 requirement. We called it security and stability and so did Dr. Shabibi…
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Samson (KTFA)
Article:
“Five Oil and Gas Laws in Parliament”
“Parliamentary Finance Committee reveals its efforts to increase non-oil revenues and activate collection”
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MilitiaMan
Article:
“The Parallel Market will be upended”
Quote:
“Expected decision from the central bank will confuse markets and raise exchange rates…These decisions will lead to an increase in the dollar exchange rate”
When you’re talking about the parallel market you’re talking about a black market…an i-----l market, that’s subverting the platforms to get the dollar. That’s coming to an end…They’re saying, parallel market…you’re going to have a problem. If you don’t fix it you’re going to get hurt [If you’re holding dollars and not dinar]. They’re giving them [Iraqi citizens using the black markets] numerous warnings [to get out of the dollar].
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Pimpy
Article:
“The parallel market will be overturned. Sources: Upcoming decisions from he central bank that will confuse the markets and raise exchange rate.”
It’s interesting they don’t say which exchange rate…
Quote:
“He stated the decisions are likely to raise the dollar exchange rate in the parallel market…”
When they say raise the dollar exchange rate, that’s not good for us. That means the dollar is rising up against the dinar…On the black market people are getting 1505 dinars for every $1.00… which is much higher than the 1320 for every dollar, the official exchange rate…It’s getting out of whack again. As it gets harder and harder to get the US dollar, you’re going to see the black market really start to increase. I’m curious to see what kind of decisions the central bank is going to make…
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Clare (KTFA)
Article:
“Central Bank of Iraq announces comprehensive banking reform map”
Quote:
“After the Central Bank delegation returned from the last round of negotiations with the US Treasury and the US Federal Reserve, it revealed the roadmap for radical and comprehensive banking reform…The Central Bank’s plan until the end of the year will reach 100%, with foreign transfers between Iraqi banks and correspondent banks, without going through the US Federal Reserve.“
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Fnu Lnu
…A first year business major could tell you the government has NO business trying to control the black market. You eliminate it! How you might ask? By simply raising the value of the currency to be equal to or greater than the black market spread. You take away the profit-motive and criminals will go somewhere else to make money.
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RayRen98 (TNT)
NEW INCOMING COMMUNICATION IS STRONGLY INDICATING THAT WE’LL WAKE UP WEALTHY $$$$$
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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