Bruce (The Big Call)
[via WiserNow]
The contract rate on the dinar was negotiated, renegotiated by President Trump. He wanted it to be a certain amount, and that’s where it is. Can’t get that at the bank. It ain’t there. So I’m telling you the best way to do it… is to use the toll free number, call, set an appointment and go into the redemption center that corresponds with the zip code that you enter. It’s going to be easy, it’s going to be quick, and I think you’re going to be all set.
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Mountain Goat
I recently was told…by my CBI contact that the long-term plan was never to reinstate the dinar for a very long time. That if it was not for the T******************n and all the help so far from the US Treasury and other financial experts over the last years, it would be still be a very long time. But that we all need to know that since the Dr Shabibi attempt over 13 years ago lots has changed and the O***a stagnation era of complicity with Iran is over. A new era for Iraq has started, a more progressive global era. An era of true independence. They are going to ‘normalize’ Iraq and the reset is coming…Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sammy says you know that [lower denomination] note that was on that plaque from the BIS. We told you it is a symbol…This is the launching of the ceremony that’s going to lead to the ceremony of the new exchange rate. I truly believe we will see a reinstatement from $3.22 plus inflation factor sold probably around $3.86 or so and float from there. It will be well managed if the oil agreement is set…This could be something.
FRANK. Yes, it is the currency collision.
FRANK: $3.86 is a fair rate to come out with and allow it to float. IMO it can float up to $4.25 and then cap it…That should be the real effective exchange rate of your currency.
FIREFLY: Sudani…said to us today, we are a sovereign nation. And he said to us we have a sovereign dinar. And he said this will also help to strengthen all the foreign countries banks in the region around us…that will help carry to dinar to the world.
FRANK: Oh, buddy…The world doesn’t want 1310…The signing of the Islamic banks triggered this…Wow! This is a massive step.I despise the words ‘redemption centers’.MilitiaMan
They’re telling us in so many words and so many articles (without always saying it but invoking it), they’re definitely telling us Iraq is integrating into the global financial system. The evidence is everywhere…They’re not going to tell you specially a date and a a rate, that it’s coming tomorrow and all that good stuff but are they telling you they’re doing it. Absolutely, 100%. I fully believe it and I think I’ve proven that over the last couple of months.
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Sandy IngramThere’s no IMF approved stamp to list the Iraqi dinar [on Forex]. The IMF’s role is really about surveillance and advice, not flipping currencies on and off the Forex market. That said, markets look for signals like stable macro policy, a single exchange rate under a clear regime. Right now Iraq operates a conventional peg and the legal commitment to keep current accounts payment free.
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Clare (KTFA)
Article:
‘Al-Sudani: We hope Iraq will be a gateway for 20% of Asian trade to Europe’
Quote:
‘Prime Minister Mohammed Shia al-Sudani announced on Saturday that Iraq aspires to become a gateway for 20 percent of trade from Asia to Europe via the vital development road project…This vision is shared by everyone: the state and its institutions, the private sector, universities, civil society, and youth. It is a message to the world that Iraq has decided to rise up, to restore its historical role, and to be a productive and effective force leading toward peace, stability, and prosperity.’Fnu Lnu
Article:
‘The European Bank for Reconstruction and Development (EBRD) is welcoming Iraq as a country of cooperation.’
We can see more bank activity at the executive level every week. They are diligently working but still have a long road ahead.
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Nader From The Mid EastIt’s not going to be eliminating 3 zeros from your currencies. It’s not going to be that. What’s going to be is eliminating 3 zeros from Forex. Your money is still the same. Your currency is still the same.Source : dinarchronicles
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