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Dinarland Highlights – 9.25.24
MarkZ
[via PDK]
“Iraq reviews the US Treasury the date of abandoning the currency auction” this is so important. I was told Oct 1st – no more foreign currency auctions. This is the one thing I was told to look for –When they are done with foreign currency auctions…they would revalue. And this news just came out [Tuesday] that they are ending them.
…”Treasury supports CBI of Iraq” I think this is important. The US Treasury is supporting the Central Bank of Iraq. Why is this important? Over the last few weeks articles states Iraq has full control of its money …and now the US Treasury is saying the CBI is doing a great job…Troops are getting moved out…and they are openly talking about their project to delete the zeros. Imo opinions things are warm and fuzzy in Iraq even if we do not know the timing yet.
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Luigi1
Iraq is in a very good position right now, This is what Iraq & Dinarians were waiting for. Nations & corporations are lining up to get a piece of the pie. There’s opportunities for those that get in early on the ground floor…IMHO
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The television is running that report again along with commercials in this report about how we are reviewing the deletion of the zeros. It’s on the news. It’s been on the news all day. The same report over and over again.
FRANK: Because that is exactly what they are about to do.
FIREFLY: On our television we’re now seeing Kurdistan news on our television. We are seeing the Kurdish news is now talking about Iraq is planning on a currency redenomination. They’re saying Iraq is going to delete the three zeros and this will bring value to the currency of Iraq and it will facilitate financial transactions.
FRANK: …Does it get any better than that?! …Re-denomination means they will replace the 3-zero note with lower notes because the new exchange rate will only work with the new lower notes they’re about to give you.
FIREFLY: TV shows USA Treasury personnel and they’re saying to us that Iraq is very close to competing their money transfers to electronic to offset money laundering.
FRANK: To see it coming from the US Treasury is good…You ain’t close dude! Horse shoes and grenades are close. This is pinpoint laser accurate. It is done! It is being announced.
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Samson (KTFA)
Article:
“Iraq Plans Currency Redenomination Amid Economic Challenge”
“US Treasury: Iraq’s non-oil economy grew by 6%”
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MilitiaMan
Quote:
“The process of removing the zeros from a currency means replacing the old currency with a new one in order to simplify the accounting process between consumers. It is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very low value.”
Iraq doesn’t have high inflation so it’s not a lop. We’ve been over that time and time again.
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Jeff
September has been the most active month and it’s been the most informative with news, actions, everything. September has been their busiest month preparing for this rate change throughout this entire year. That’s not coincidental. They’re preparing for the rate change. And they’re preparing to go international.
They need to step away from oil. That’s a World Trade requirement. They need additional forms of revenue streams to join the World Trade. They can’t have just oil as a revenue stream. That’s why they really have to roll out taxation and implement…
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Pimpy
Kuwait is not the same d**n thing that’s happening in Iraq. Iraq’s money is inflated. Kuwait never had to inflate their dinars. They never had large bank notes like Iraq does. They never had to change them in for lower denominations. None of hat s**t is true. Outside of the fact that they increased the value for the Kuwait dinar, nothing else matches…All Kuwait had to do was re-denominate their currency without deleting zeros. They just changed the way Kuwait dinar looked. That was it. Iraq’s case is a little bit different…they added 3 zeros. They’re talking about deletion of the zeros…
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Kaperoni
Community Comment:
“If Trump gets elected and the US digs baby digs. Oil price will drop like a rock. Then Iraq will be back to ‘Austerity Measures’ again.“
One can hope. Iraq needs motivation.
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Clare (KTFA)
Article:
“Prime Minister: We are working to support investments that aim to diversify the economy away from oil”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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