MarkZ[via PDK]Article:‘It enhances the value of the dinar: Iraq achieves the highest percentage of gold reserves for the first time in its history”There are many articles out on gold…Article:‘Iraqi gold reserves reach record level and strengthens the dinar”They are showing right now that at least 25% of their currency is backed by gold.Question: We are suddenly getting a lot of news out of Iraq. I wonder- Did Kuwait put out news like this before they revalued.MarkZ: Yes they did…They would put out a lot of news like we are seeing today…then a day or two of quiet or negative news…this is very much a similar yo-yo. They will talk about implementing it for awhile then when it goes – they will do it suddenly overnight. BAM. They are prepared. ______________________________________________________Mountain GoatArticle:‘CENTRAL BANK: GOLD RESERVES REACH 170 TONS, WITH INTENTION TO REMOVE ZEROS FROM DINAR”…another informative article in their intent in the future to do the Project to Delete the Zeros, or are they serious about it now. …I will tell you that from everything I know, they are serious now... I was getting a bit worried that they might not do the reinstatement next January 2026. This article…confirms that I was wrong. We should see some very interesting news ahead…Just in case- get that champagne in the frig… ______________________________________________________Frank26 (KTFA)The HCL…will require a new exchange rate by your constitution. If that was not true you would have the HCL at 1310 years ago. Thing are moving in the right direction even though it’s the pace of lava flowing from an active volcano. Realize that it may seem slow to you but it is super hot and very active. You can’t even get close to it because they’re guarding the exchange rate.Article quote:‘Central Bank of Iraq confirmed there is no intentions to float the Iraqi dinar exchange rate”You’re saying it for 1 of 2 reasons.#1 You want the speculators to hear you say, ‘We’re not going to float.” And then you’ll float.#2 You’re not going to float and that this is an RI and you’re going to come out at $3+ maybe even more to make up the difference of the last 20 years…Article:‘Central Bank: Gold reserves reach 170 tons…”The gold reserves are not at 170 tons. The last time they told us it was 100 tons. Today it’s 170 tons… ______________________________________________________Clare (KTFA)Article:‘Central Bank: Gold reserves reach 170 tons, with intention to remove zeros from dinar”Quote:‘The Deputy Governor of the Central Bank confirmed that ‘there is no intention to float the Iraqi dinar exchange rate, so as not to affect the stability of the economy at the present time…‘Article:‘Deputy Governor of the Central Bank of Iraq, first on CNBC Arabia: The bank’s gold reserves increased from 90 tons to 170 tons over the past two years…There is an intention to remove zeros from the Iraqi dinar, but the timing has not yet been determined.”Nader From The Mid EastArticle says they agree to remove three zeros from the currencies…I stick to my word, after the e******n everything will happen…The e******n will start on the 26th and the last day of it is on the 11th of November. The good news is for sure they’re going to remove their three zeros. They said it now. I know it’s going to happen before the end of the year. ______________________________________________________PimpyNobody should be surprised by this Article:‘Central Bank: Gold reserves reached 170 tons and the intention to remove he zeros from the dinar” Notice it doesn’t say remove the zeros from the exchange rate. It says remove the zeros from the dinar.Quote:‘The central bank of Iraq raise his gold position from 90 tons to 170”That’s an insane increase in gold holdings from 90 to 170. You’ve almost doubled the amount of gold…Here’s where everybody’s going to get bummed.Quote:‘He stressed there is no intention to float the exchange rate of the Iraqi dinar.”At the moment. In order for them to be on the Forex we all know the currency’s exchange rate must float. They’re saying here at the moment they have no intentions of floating the exchange rate.______________________________________________________JeffArticle quote:‘Iraq has increased its gold holdings rom 90 to 170 tons of gold”Yeah, they’re absolutely Basil 3 compliant. They’re backing the value of their currency with reserves getting ready to revalue and the article clearly states they are ready to delete the zeros, meaning phase out the large currency notes in the very close proximity or future…They have stated in older articles that…old notes with three zeros and small replacement notes without the 3 zeros will coexist at the same value…Walkingstick (KTFA)Citizens of Iraq you’re never going to exchange your currency. You’re going to turn in your three zero notes and they’re going to replace them with lower notes. You’re not going to exchange any three zero notes. I will. You are going to be given what’s called purchasing power. When a change in your exchange rate occurs, you will go to your banks and you will turn in your 3-zero notes and they will give you purchasing power. They can’t do that right now…the budget is not open…______________________________________________________Fnu LnuIf Iraq doesn’t get off the pot and start moving a little faster, they will be looking at r***s again soon. Iraq has over promised and under delivered and those folks have no patience or tolerance for being mislead.Source : dinarchronicles
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