Dinarland Highlights – 9.27.24
Mountain Goat
Article:
“IRAQ PLANS CURRENCY REDENOMINATION AMID ECONOMIC CHALLENGES“
…this is just not another article about the Project to Delete the Zeros but much, much more...I believe this project is going to move forward this fall, and I am told not until after the US e------n.
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MarkZ
[via PDK]
“Iraq Plans Currency Redenomination amid economic challenges”
they are talking openly about redenomination…deleting the zeros or make them unnecessary and remove them…and we are seeing this over and over again. Kuwait used the exact same language…
Member Question: …VND, IYO, will IT be higher than $.47? Most rumors put the rate somewhere around $2.25 to $3 or so…. But we don’t know that answer for certain.
“The goal of the census is developmental, economic and Kirkuk second in completing the numbering and inventory process”
So they are doing a full census in November to figure out which money goes where…. I do believe this occurs right after the HCL is wrapped up and the government can then distribute the new funds. I was told to look for a census…and now we are finally getting it.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We see articles on the news, reporters saying the imminent change to our currency is coming. Then he talked about deleting the zeros and the good that this would do and the bad. Then said our dinar would be stronger than the Jordan dinar.
FIREFLY: Successful meeting today with the United States Treasury with Sudani. It looks like the sanctions will be all off.
FRANK: They’re reporting to the Iraqi citizens what they’re accomplishing at the United Nations with the US Treasury, but this stuff is old. It’s ancient history…What you are seeing is nothing more but formalities. I am excited to see Sudani return back and talk to you Iraqi citizens.
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Clare (KTFA)
Article:
“Al-Sudani concludes his visit to New York by meeting Guterres, who praised the discussions to end UNAMI’s work in Iraq”
Article:
“A specialist details the negatives and positives of removing zeros from the Iraqi currency”
Quote:
“Al-Mawsumi said…The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers, and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value…Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power.”
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Samson (KTFA)
“The Central Bank of Iraq is required by the Federal Reserve to stop the platform, liquidate banks and merge others”
Article:
“Treasury praises growth of non-oil economy in Iraq”
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Jeff
Iraq can only change the rate at one or two points in the year, beginning or the middle of the year. That was stated by Shabibi. If Iraq was going to revalue at any of those times you would see them increase their steps and actions preparing to revalue. In this month of September those steps has occurred. They have increased their actions getting critical steps…laws done. They have tremendously ramped up.
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MilitiaMan
Article:
“US support for Iraq’s reform steps.. Non-oil GDP indicators rise and exceed twice the population growth rate”
They are clearly hammering the concept of Iraq’s ability to reform her banking and financial sectors among the many other sectors, namely the non-oil sectors. They have had a significant focus on the 6% growth rate in revenues… There is also a focus on the international financial connectivity…Thus, with the focus they have on these topics we can see that they mean business…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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