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Dinarland Highlights – 11.29.24
Mountain Goat
…The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose… remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now…
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MarkZ
[via PDK]
“For the first time since 2003. Non-Oil revenues achieve significant growth in 2024”
This gives Iraq stability and helps allow them to raise the value of their currency.
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MilitiaMan
What is expected from Iraq is a real effective exchange rate. I think that is what’s coming. I think everybody has that expectation and they’re openly telling them that expectation is real. They’re doing it through media. That’s happening. TV outlets have been describing the on goings in Iraq and also the neighboring countries and the trading partners. To me the expectations are amazing.
Article quote:
“Foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system they have in place…The central bank will launch a new mechanism for travel or treatment transfers next year…there are agreements with four companies to launch a new mechanism…”
They are going to have things changing through the future. Doesn’t mean we’re waiting until next year, just means they’re going to have changes and because of maybe a major change, they’re going to have a need for it even more…
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Wolverine
I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas…
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Frank26 (KTFA)
If any bank broke your heart, if any bank made you feel like a complete imbecile, if any bank is giving you a hard time, if any bank here in America says to you, ‘You can sign up but we’re not going to take care of you until 6 months from now,’ you’re going to have options…
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Samson (KTFA)
Article:
”Parliamentary Committee: We support amending the budget law and we submitted a request to add a new article”
Article:
“Central Bank Governor: We will launch a new mechanism for travel or medical transfers next year”
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Clare (KTFA)
Article:
“In numbers.. Significant growth in non-oil revenues in Iraq during 2024”
Quote:
“Iraq’s non-oil revenues achieved significant growth during the first nine months of 2024, recording a 198% increase compared to last year, to reach a contribution of 12.3% of the state’s total revenues…According to official data, total non-oil revenues during this period amounted to 14 trillion Iraqi dinars, compared to 4.7 trillion dinars during the same period in 2023.”
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Pimpy
There’s all kinds of rumors from these telegram groups that they are seeing people who have their currencies being exchanged. That’s just false. As a matter of fact, your reaction should be the same…look I’ve heard this all before. When they can show you some undeniable evidence that it’s happening, then believe it.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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