DINARLAND UPDATES, 22 NOV

 DINARLAND UPDATES

Summary

Sandy Ingram addresses rumors about the legality of holding Iraqi Dinar outside Iraq, emphasizing the legitimacy of holders and the positive economic developments in Iraq.

Highlights

• 🏦 Sandy Ingram clarifies that no US agency supports claims of illegal Iraqi Dinar possession.
• 📈 The closer Iraq gets to economic goals, the more interest in IQD for potential profits.
• 📜 Documentation confirms that most holders of Iraqi Dinar are legal owners.
• 🔄 Iraq’s currency is fully convertible and has a free exchange system.
• 📊 Militia Man reports that Iraq is currently conducting a census, impacting economic processes.
• 💼 Frank discusses potential funding of salaries and a new exchange rate linked to the census.
• 🌍 Bruce highlights global testing of Iraqi Dinar, showing readiness for international exchange.

Key Insights

• 🔍 Legitimacy of Dinar Holdings: The rumors about illegal possession of Iraqi Dinar are unfounded, with evidence supporting the legality of holders found in US State Department archives. This reinforces confidence among investors.
• 📊 Economic Progress: As Iraq approaches its economic goals, the demand for IQD is likely to increase, attracting both legitimate investors and illegal actors seeking profit, highlighting the currency’s potential value.
• 💱 Free Exchange System: The Iraqi Dinar operates under a free foreign exchange system, ensuring it can be traded without restrictions, which boosts its attractiveness to global investors.
• 🗳️ Impact of Census: The ongoing census in Iraq is crucial for demographic analysis and has implications for economic planning, including salary funding and potential adjustments to the exchange rate.
• 💰 New Exchange Rate Expectations: The anticipation surrounding the announcement of a new exchange rate linked to census results suggests significant economic changes could be on the horizon, affecting salaries and budget allocations.
• 🔄 Global Currency Testing: The successful testing of the Iraqi Dinar alongside other currencies indicates readiness for international trading, signaling a positive step towards revaluation and wider acceptance in global markets.
• ⏳ Timely Developments: With multiple sources reporting imminent changes, the next few days could be pivotal for the Iraqi economy and the value of the Dinar, making it a critical time for investors and stakeholders.