Pimpy The average dinar holder only holds 250,000 dinars…
Mnt Goat Article: “IRAQ ANNOUNCES THAT IT IS CLOSE TO PRODUCING 5 MILLION BARRELS PER DAY” …they are announcing that it is close to 5 million barrels per day. Oh… but the dinar is still at 1/6 of a penny? It is like they are ignoring the oil assets already on hand in determining the rate of the dinar. Even before the 1991 invasion they were producing 2.5 million barrels per day and the dinar was around $3.22. Now they are producing twice as much oil. So what’s going on here? …The US is playing a game with Iraq and the IQD and most importantly…It’s people are suffering from it the most. War sanctions are over and its time to give them back their currency along with their dignity.
MarkZ [via PDK] Question: Where will redemption centers be? MarkZ: I have been told this over and over that the majority of the US – 90% of us will have a RC within 50 miles of where we live. The only people who may have a longer drive are those in rural areas…low populations like the Dakotas and Wyo…They will not release exact locations before the event starts for security.
Clare Article “Two Iraqi fintechs listed in Forbes’ Top 50 Fintechs in the Middle East” Quote “Iraq Wallet (ZainCash Iraq) and NEO Pay Iraq, have secured coveted spots among Forbes’ Top 50 Fintech Companies in the Middle East, demonstrating evidence of the financial technology sector in Iraq’s rapidly developing creativity. Iraq Wallet (ZainCash Iraq) came in at number 6 in the region, while NEO Pay Iraq came in at number 35 in the Middle East.”
Pimpy Question “Do you think Iraq’s government is sovereign?” To some degree yeah, but no. If that were the case Iraq wouldn’t have to keep sending their budget over to us to get it approved. They would stand on their own feet.
Frank26 Do you think the world is interested in the monetary reform? No, you are. You are such a small populous. The amount of people that have dinars as an investment is minuscule. The CBI doesn’t care about you having dinars. They care about countries that have dinars in their reserves. You’re talking billions. That’s serious money…It’s not the contracts, businesses, companies that are excited about the monetary reform like you are. No, they’re excited about the economic reform because that’s where they’re going to make money. If the economic reform is not successful they know they’re screwed.
Militia Man Article quote “Al Sudani uttered a very important phrase, ‘keep the dinar…I bear witness that the Iraqi dinar will return to its lofty economic value as it was‘…” Lofty economic value is not 1310. It’s not 1159. It’s not 1182 or 1160 or any of those number. It’s back to previous era like they said. They shut this thing down at…$3.22…The true value from the IMF…estimates were about $2.80. Those are their words not mine and in print…They can support it…Remember, Iraq was at $35 a barrel of oil. It’s $85 right now. Then add in all the extra revenue streams that we know of…They’re massive and they’re just going to keep growing.
Pimpy People have been asking about how much dinar does the International Monetary Fund hold…or World Bank…or World Trade Organization or US Treasury…There is no proof in writing anywhere that the United States is holding any Iraqi dinar. Yes there could be some Iraqi dinar being held in our foreign reserves but it’s not 4 trillion…Google it, go on any website, go anywhere and see if you could find if these organizations are invested into currencies or any other investments whatsoever…you’re not going to find it. That’s not what they do…They don’t hold the Iraqi dinar. That’s not what they do.
Frank26 To release executive order 13303 IMO was the domino effect that also released the DFI funds…IMO the currency exchange of the Iraqi dinar is under the DFI fund. Executive order 13303 has not been resigned therefore the DFI fund is free to be returned, therefore Iraq needs to protect those funds with a new exchange rate…To not see Biden resign this executive order it means to me the monetary reform/new exchange rate is free as a bird to be exposed, to come out for the citizens to use to add purchasing power to their currency.
NORV [Post 1 of 2……] [aka Kaperoni] Article: “Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform” Quote: “the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely.” ...this is huge news… Iraq cannot end the auctions unless they have an alternative to the auctions… which means they plan to float the dinar by the end of the year…floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency…
NORV [Post 2 of 2] [aka Kaperoni] They will also have to use dinar to pay for goods and services which will make the dinar internationally traded…they want the banks and Iraq to establish relationships around the world with International standards and full compliance which means that means IMF Article XIV...This seems pretty clear and excellent news. We very well see that Iraqi dinar float on the global market at the end of this year or early next year…I think it’s very promising…it definitely is very good news.
