Dinarland Highlights – 10.6.24
Mountain Goat
I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.
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MarkZ
[via PDK]
…Chase always saying they have nothing to do with Iraq…but in the meantime they are opening 10 branches in Iraq while working with them to update their banking system.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We seeing in TV a special report show saying what if 1000 dinars became 1 dinar. They talking about deleting the zeros again. They’ve been showing this all day. They just repeat it over and over again. And they’re saying it’s all tied to the reforms. They talk about all the good and some of the bad…We never seen them talk like this before.
FRANK: These are the commercials we talked to you about that were going to be educating you on the purchasing power…They are telling you they lifted 3 zeros from the exchange rate in order for that 1,000 note to become a 1 note…They are not lifting the 3 zeros from your physical cash.
I suggested if you had a receipt and you’ve had your currency for more than a year, you’ll be in the 15% to 20% tax bracket. Oh, but if you don’t have a receipt or if you try to exchange your currency before…one year of you having it, you’ll probably be in the 40% range…IMO
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MilitiaMan
World Bank Article:
“Iraq has made progress in improving their business environment making it globally competitive”
The World Bank is telling you, the world, Iraq is globally competitive so they’re going to have to be Article VIII, Article XIV compliant with the IMF’s concerns when it comes to their exchange rate. Is this a precursor to a move? It sounds like it.
If you add up the oil, non-oil, tourism, all of the thing that’s where they’re going to be able to support the value of their exchange rate with a Real Effective Exchange Rate – Once approved by the IMF, Bank of International Settlements, The World Bank…This is really getting hot!
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RayRens98 (TNT)
[via Babysmom]
WAITING TO HEAR WHAT HAPPENS WHEN THE MARKET OPENS AT 5PM EST TODAY, HEARING INFO FROM BAGHDAD (FROM MOSQUES) ABOUT POSSIBLE RATE CHANGES, WAITING TO GET CONFIRMATION.
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Sandy Ingram
As of August 2024 the United States debt is $25 Trillion. Income taxes…by the end of the year the US will have collected $5 Trillion. The US government will spend $6.3 Trillion this year. This means the government has overspent by around $1.9 trillion dollars. The US is off budget…The government cannot lower its annual budget. It will more than likely pursue higher inflation and we will have to survive this financial situation… The Untied States hold 35 billion Iraqi dinars. An increase in value of the IQD will go a long way in paying down the US national debt…
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Pimpy
Article:
“Customs: Our revenues during 7 months of this year exceeded one trillion dinars”
This is awesome to see! The crazy thing is, I remember in 2018-2019 this was one of those problem areas for Iraq. There was a lot of i-----l activities, a lot of bribing going on…
Quote:
“the authorities hope the revenues will reach 2 trillion by the end of this year…”
That’s one hell of an increase…
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Kaperoni
Article:
“International Praise for the Central Bank of Iraq: A Model for Developing Strategies that Serve the Development of the Banking Sector”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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