Dinarland Highlights for February 22, 2021

Dinarland Highlights - 2.22.21

MilitiaMan (KTFA)

Article:
"Advisor Al-Kazemi: Iraq is on the edges of economic recovery in two areas?..."

Quote:
"It was also "expressed" in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is the linchpin of this developmental sustainability."

Looks like Iraq has been given the GREEN LIGHT!!

...I like the use of the word expressed...It means to me they have a mechanism that has an expression to it. As in an international way of expressing their mechanism or exchange rate to the world that is in the white paper recently. They'll need it as it is the CORNER STONE or foundation of the reconstruction effort and the overall country's reforms going forward...Imo. Game is about to kick off. imo.

Article:
"The Iraqi Interior Minister arrives in Saudi Arabia at the head of a high-level delegation"

Quote:
"Without disclosing the purpose of the visit, which had not been announced previously."

[Perhaps they are there as part of the launch of the new electronic payment system (QFS). BTW, set for launch today...]

Perhaps...I would say your spot on. Things of this nature are not by coincidence, they are by design and a purpose...imo...
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Footforward

[I thought the dinar must be sent to the US Treasury for exchange? Possibly a 10 day turn-a-round to clear our accounts. Most likely the banks will exchange a small amount into cash, maybe 10K...]

...they have the ability to verify in house...they won't give us tons of cash, but a 10 day turn around...if they have to send everything to the UST, what a nightmare... The treasury will keep the dinar. I don't question that. The treasury will be sending it back to the Central Bank of Iraq...
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Jeff

When the rate does change Iraq will...have large 3 zero notes and smaller notes...the lager 3 zero notes and the new smaller notes are all still being as IQD. Nothing is replacing anything. Nothing is being cancelled out. What will happen over a period of time is the large 3 zero notes will be removed and withdrawn from circulation...when the rate changes...you're going to have large notes and small notes in circulation together at the same time sharing the same new increased exchange rate...that's how we get blessed from this...
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MarkZ

[via PDK]

Well, everybody is staying in position. I talked to a couple of folks…paymasters and group leaders…and they are being asked to stay in position until the end of the first week of March...some people would like to leave…yes…and one person that I speak to regularly approached management of a bank (with 2 letters) and said he was tired of sitting here. He was told point blank to stay in place…that this thing is imminent…so I am not worried.
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Breitling

[Question: What do you think the dinar can revalue at if it revalues in the next few months...Is March/April still the target date for revalue?]

...It's between .55 and .66 cents. .55/.66 cents was before the oil markets took a big hit...as far as a time frame from what Iraq is looking at - remember they wanted to devalue their currency, renegotiate on paying back their loans at a cheaper rate and then see where they're at and hit that milestone in April. That's exactly what their words are. Meaning, what can they do. How are they going to treat the currency. That's not off the table. That's still there. That means a lot for you and me.
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Clare

[new Guru]

Article:
"To the executive branch to the Central Bank of Iraq"

Quotes:
"A new exchange rate is required for the Iraqi dinar towards the US dollar, which is one dinar equals one US dollar...;

"...in the future to return a new exchange rate Each dinar equals $3, as it was..."

THIS IS AN AWESOME ARTICLE...THE 3 ZEROS WILL BE REMOVED FROM BOTH (NOTES & EXCHANGE RATE)- HENCE IN THE ARTICLE IT SAYS "and according to the new exchange rate 1000 dinars equals 1000 US dollars," THAT IS A 1 to 1 EXCHANGE RATE RIGHT THERE IN IRAQ...imo.

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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru
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