Monday, July 3, 2023

DINARLAND UPDATE, 3 JULY

 Mountain Goat


Article from Dec 15, 2021:
MUDHHER SALIH, OUTLINED THE IMPORTANCE OF THE WHITE PAPER AND ITS REFLECTION ON THE ECONOMIC REALITY

I will remind you once again it’s the White Paper that is going to get us to the reinstatement … I also point out the clause that says they intend to move back to FOREX or a FOREX like global trading platform for the currency. Folks if you have been following the news since January you can clearly see the parallels from what is happening on the ground to this plan…it is moving ahead.

MilitiaMan (KTFA)

Member Question: Does a contract rate make sense when it is time to exchange …or do you think its just going to be an international rate?

MilitiaMan: I have heard lots of different things on that…personally I think we are going to see one exchange rate that’s going to be managed by the CBI and central banks in the region…

They’re saying Iraq ranks ninth in the world, that their raw wealth exceeds $15 trillion.  That’s massive…And they have a currency exchange rate at 1310? …the Real Effective Exchange Rate is not 1310…this is the first time I ever recall Salih or anybody else come out and say Iraq’s value [$15 Trillion].  What they’re doing to me in my view is they’re supporting they’re going to make a move and they’re giving justification why they can support a Real Effective Exchange Rate.

Frank26 (KTFA)

They are de-dollarizing Iraq. Why are they lowing the exchange rate of the American dollarYou automatically increase the exchange rate of the Iraqi dinar…the national sovereign currency of that country.

Question:
Will you hold them [Iraqi dinars] or exchange them right away?”

I will exchange maybe 10% of what I’ve got and hold on to the rest of it as I watch it slowly increase during the float

Have you picked up the pattern…?  We’re talking about the national currency of Iraq.  Not the program 3-zero punished currency they have.  We’re talking about the national currency with the new exchange rate that is soon to come to the citizens of Iraq as promised by the CBI and Sudani.  This is the vehicle they will use to go international.  To float.  To trade.  To gain value for the Iraqi dinar.

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