Saturday, August 19, 2023

DINARLAND UPDATE, 19 AUGUST

 Sandy Ingram


Article:
“Member of parliamentary finance accuses Iran of printing Iraqi dinar sand replacing them with dollars”

A parliament member is saying…Iran is reproducing Iraqi dinars in Argentina and then trading the dinar for U.S. dollars in Iraq before smuggling the money into Iran on a truck…Bottom line more banks in Iraq will be closed.  Iraq’s currency has been compromised even more. 

Mountain Goat


…the CBI is still on track with the 2011 plan and is moving ahead with it. By reserving gold, they are moving to meet the Basel 3 rules…  an interview with Ali Alaq he told us the future vision of the Iraqi dinar…It is backing the dinar with GOLD!   WOW!!! no longer just the dollar. Yes, we can definitely see the trend already to get the dollar out of Iraq. It is a process… 

Alaq says that today they back the dinar with the billions of reserves, which is the dollar. Then he talks about the future where it will be backed by GOLD not the Dollar. He says Iraq has 132 tons of gold…about $8,008,704,000 billion worth of GOLD

MarkZ

[via PDK]

Article:
“Sudanese and Mandalowi agree to speed up implementation of budget items”

They are talking about the economic reforms, the projects etc…they need to stop in-fighting and get this thing implemented. In this implementation they need to control their rates. Exchange rates, parallel markets etc…so to me, this was a very encouraging article…they need to go sooner rather than later to get these reforms done…with a concerted effort from the various blocs to make it happen.

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