Mountain GoatJust recent news told us that nearly 500 billion US dollars stolen from Iraq may be recoverable from foreign entities…Even a partial recovery would be massive…WOW!…it might be the catalyst Iraq needs to give them the global confidence to launch the reinstatement back to FOREX and repeg the dinar to a basket of currencies. This could also send the Development Road project into high gear. The amount of Iraq’s reserves could then reach more than half a trillion dollars…WOW. This could completely back the dinar and then some. There are not many countries that have this kind of reserves and financial stability.
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MarkZ
[via PDK]
There is an Iraqi video out talking about ascension to the WTO. In short it says they have completed the World Trade Organization ascension process. Many believe there will be a new value on the dinar on the eve of that day. I was told the easiest time to pull the trigger was Saturday night to Sunday morning. I don’t know if they will flip the switch this weekend…but expectations are high.
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Frank26 (KTFA)
Rafidain Bank is really pushing the cards for citizens to use them internationally…These cards are bringing in the 3-zero notes. When they lift the value, the rest of the world will bring in the 3-zero notes. So far so good.
[Iraq boots-on-the-ground report]
FIREFLY: There’s a report on TV that there’s over 500 billion dinars outside our country…that was stolen. They just said we can retrieve all of it through the investments. We currently have $100 billion backing up our currency…This can go a long ways helping strengthening our dinar.
Question:
‘Can we exchange at any bank.’
No. Not every bank is going to allow you to exchange the Iraqi dinar. And I’ll tell you something. I’m not thrilled with Chase…BOA…Wells Fargo. These people make us look like fools. Embarrassed us. But you know what though, I would go probably to Chase and I would cash out a few million dinars and then I would transfer that money to another bank.
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MilitiaManWe know electronic payments has been reducing the money supply.
Iraq’s situation is they have $100 billion plus/minus of foreign reserves. They also have a significant amount of gold and they have a significant amount of natural resources. Those are things that are part of the fundamental basis of when a revaluation happens. There’s so many things that are involved. It’s not just the money supply. Walkingstick (KTFA)
They’re going to put this RI on Forex and they will monitor the inflation of Iraq from that platform…That phase, the Forex, will be the RV, the float.
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Sandy Ingram
If Iraq continues to grow closer to Iran, foreign investors from outside the Middle East, especially in Europe, Asia and the United States could start to pull back. Many countries have sanctions on Iran. If Iraq is seen as too closely tied, investors might worry about legal risks, political backlash or get c****t in sanctions themselves. That means less money coming into Iraq’s economy…When it comes to the currency revalue process, this matters…
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Nader From The Mid EastI think they’re waiting for the e******n, what’s going to happen, who’s it going to be. I think it’s Sudani again… The RV is very close. Should be this year.
Pimpy
If this [dinar RV] happens, when people start going, ‘Hey call this ‘800 number’ or let’s go down to this ‘redemption center‘ Don’t do that. It’s most likely a scam and they’ll get your [dinar], they’ll take those dinars from you. Just go to your bank. That’s all you have to do.
Source : dinarchronicles
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