Dinarland Highlights – 10.28.24
Mountain Goat
…the agreements and paperwork are all nearly completed to set the reinstatement in motion. But…we know this is not going to happen until the CBI is ready. The CBI is not ready until they first secure the banks, the stock market, provide security (insurance) and then begin rebuilding the economy…I must mention this too as it is a factor. They will not be ready until the US Treasury and the Federal Reserve gives them the green light.
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MilitiaMan
Article:
“Bold step changes the liquidity map in Iraq”
Quote:
“The Central Bank of Iraq decided to reduce the internet rate and activate securities…Analysts expect an increase in reliance on the Iraqi dinar as a base currency...It’s expected the activation of a new dinar instrument will contribute to enhancing local liquidity…”
A base currency is going to make you guys really excited. What is a base currency? Base currency is the first currency in a pair of currencies being traded in the Forex Exchange Market. The second currency is called the quote or counter currency …They’re talking about it’s not the US dollar that the base currency. It’s going to be the Iraqi dinar…I’m really pumped and excited…! If that doesn’t tell you these guys are gearing to go international I don’t know what does… Powerful information!
You haven’t seen the investment side of the 2024 budget. That’s where everybody should be paying attention. If you own dinar you should be paying attention…They haven’t exposed the 2024 investment side of the budget. Why? In my view it’s exchange rate oriented… They need the exchange rate so they have the final accounts…
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Frank26 (KTFA)
It’s no secret! When was the last time you had some bank person tell you, ‘Oh, it’s a scam?‘ They don’t say it anymore do they.
The second part of the Monetary Reform will allow your currency [the Iraqi dinar] to float on an international platform where it will grow to the Real Effective Exchange Rate…This is all part of the monetary reform process Dr. Shabibi wanted.
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Pimpy
With all the gold and all the foreign reserve assets have been built up, they’re able to protect the dinar value which is a huge step for Iraq. Which is what any investor coming into Iraq wants to know. They’re worried about fluctuations in the exchange rate and now Iraq gets to say, look we got 150 tons of gold we got $115 billion in foreign reserve currencies. They have the ability of protecting the Iraqi dinar from any crazy fluctuations or any kind of speculation attack against Iraqi dinar.
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Walkingstick (KTFA)
In the past c-----t executives and parliament people used to take advantage of the banks and the money exchange centers in the black market. Both of these issues are gone...
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MarkZ
[via PDK]
We should know this afternoon if what we are hoping for has happened…I have great hopes that a lot happened over the weekend. Bankers usually check in at 2 or 3 pm once they get out of morning meetings.
Question: You think we will still get this over with before November 1st?
MarkZ: I am not ruling out October as our month…but with only 3 days left…November looks more realistic.
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Nader From The Mid East
Let me tell you something about trading the dinar – We already start trading the dinar with other countries. Now I can take the dinar to anywhere in the Middle East or North Africa and exchange it. In American, Canada Australia, Europe I cannot yet.
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Samson (KTFA)
Article:
“Financial expert to Nina: Iraq must take several steps to transform its economy from a rentier to a multi-revenue economy”
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Clare (KTFA)
Article:
“Planning: Census operations will continue for two weeks starting from November 20”
Quote:
“The Ministry of Planning confirmed today, Friday, that the date for conducting the census on November 20 is fixed and unchanged, while it indicated that its operations will continue for two weeks until December 3, 2024.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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