Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They’re talking to us about lifting of the three zeros.
FRANK: Yeah, because that’s how you’re going to get purchasing power. That’s the goal of the monetary reform.
FIREFLY: TV has special saying Iraq boosting the value of the dinar and has the highest reserve supply of gold in the history of Iraq.
FRANK: That backup is the change in your exchange rate and that change in your exchange rate is to add purchasing power, to add value to your currency…We have landed on the surface of a new planet called the Iraqi monetary reform and We’re taking our first step for your purchasing power. Nobody is taking an Iraqi dinar and taking a pair of scissors and cutting them [The three zeros] off the currency. Good grief. The future is digital. They’re taking it off the exchange rate…
______________________________________________________
MilitiaManWhy do I bring up oil and non-oil revenues.Because back in a previous era, the real value of the currency was based off oil…Now they’ve included all this new non-oil revenues. They’ve paid off debt. They’ve clawed back money. They’re going to increase flow to Europe though Turkey…They have about $16 trillion worth of natural resources that include phosphates, silica, gold, all these different things. Think about that when you think about a real effective exchange rate.
Why are they bringing up the delete the zeros project all of a sudden now. Yeah, to keep it fresh in their minds… Not everybody is going to be on board with this. I mean globally…
______________________________________________________
PimpyLet’s cross our fingers that when they do the revaluation that they leave the dang zeros on there. People have this misunderstanding I want the Iraqi dinar to delete the zeros and everybody lose out on money. No, I’m just telling you I’m in the same d**n boat as you guys are. I want them to keep the zeros on there…Be aware of the other possibilities. We want the zeros to stay on there with a higher exchange rate. I support that big time. I would love that to happen…You don’t need to set an appointment at a bank. When the time comes and they remove the restrictions you just walk into the bank and swap. They’re going to tell you the current exchange rate at the moment is this, you have this amout of dinars, you’re going to get X amount of dollars. If you agree to it, tell them yes. It’s like taking US dollar and depositing. It she same thing with a foreign currency. Some banks will charge you fees, some won’t. For the most part they’re not going to. MarkZ
[via PDK]
In Iraq:
‘Iraq plans to increase oil production to 9.5 million barrels per day’
This is big news. What could they need this added revenue for. Perhaps to pay for a revaluation.…
In Iraq:
‘Hussein: About $25 billion in Iraq’s losses from the suspension of Kurdistan’s oil exports’
They are talking about how much money they have lost and the agreements for exporting. When they restart- they will suddenly be making a lot more…and its still expected to start flowing this week…The news I got from Iraq is Baghdad is still waiting on one company to sign off and as soon as it is done- Baghdad is prepared. There were about 9 different companies to sign off….they are waiting for the last one which is expected today. It could have already happened.
Article:
‘The director of SOMO: The Kurdistan oil export agreement will ensure the implementation of the budget law and its amendments’
Including HCL and others…which should be implemented as soon as oil starts flowing.
______________________________________________________
Sandy Ingram
[Here’s the first of Guru Sandy’s country revaluation series]
Iraq is not the first currency in the world where people have dreamed of it revaluing overnight…We know revalues are very silent and quiet. Few people know about a revalue before it actually happens. But we can study the clues from modern-day history. 1. Kuwait revaluation…In 1990 Iraq invaded Kuwait and completely wiped out Kuwait’s currency system…The Kuwaiti dinar was replaced by the Iraqi dinar. When the war ended in 1991 Kuwait brought back its own currency…The Kuwait dinar returned to its prewar value quickly because Kuwait had oil wealth, international backing and a stable government. Iraq is making every effort to have this bundle of support…A revaluation can happen but it requires strong economic fundamentals and political stability. It also requires international friends because it was the international community that put Kuwait’s currency back on its feet quickly.
______________________________________________________
Fnu Lnu
WTO Accession Handbook ‘A currency does not have to be listed or traded on the foreign exchange (FOREX) market for a country to become a member of the World Trade Organization (WTO).’
We learn a currency does NOT have to be on Forex for a country to be WTO compliant and that a currency such as the VND, does NOT have to have a clean or accurate valuation to be traded Internationally and CAN be on the FOREX. These are both myths…Samson (KTFA)
Article:
‘BOOSTING THE VALUE OF THE DINAR, IRAQ ACHIEVES THE ‘HIGHEST’ PERCENTAGE OF GOLD RESERVES IN ITS HISTORY’
______________________________________________________
Clare (KTFA)
Article:
‘Boosting the value of the dinar, Iraq achieves the highest percentage of gold reserves in its history’
Quote:
‘the Central Bank of Iraq’s gold reserves have reached more than 24 trillion dinars, a 13.3% annual increase and a 135% increase compared to 2022. This brings the Central Bank’s gold reserves to 20% of the total Central Bank reserves, which amount to 123 trillion Iraqi dinars.’Source : dinarchronicles
Thank you for donating to our website.
Here are the best selling products on Dinarreport.com
