DINAR REVALUATION

Tuesday, March 12, 2024

Chambers of Commerce reveal their expectations for the “parallel market” in Ramadan: decline is the dominant feature, 12 MARCH

Chambers of Commerce reveal their expectations for the “parallel market” in Ramadan: decline is the dominant feature

3/11/2024 Baghdad

Today, Monday (March 11, 2024), the head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, revealed his expectations for the dollar exchange rate in parallel markets during the month of Ramadan, while stating that the decline will be the dominant feature.

Al-Tamimi told "Baghdad Today", "The exchange rate of the dollar in the parallel market at the present time is somewhat stable," indicating that "the government's measures have contributed to reducing the phenomenon of dollarization in the markets, pushing towards electronic circulation of funds, and reducing the phenomenon of smuggling."

He added, "Government policies have greatly reduced speculation that was generating billions of dinars to parallel market whales and smuggling," adding, "If it had not been for government intervention, the dollar exchange rate would have been strongly approaching 200,000 dinars for every $100 "

Al-Tamimi pointed out, “Our expectations for the dollar exchange rate in Ramadan indicate a continuation of the slow decline to below 150,000 dinars per 100 dollars, but we are in a situation where crises or surprises could occur that change the course of the exchange rate within hours, but in all cases the decline is The dominant feature of the parallel market.

The Parliamentary Finance Committee confirmed on Wednesday (March 6, 2024) that the dollar is controlled by the relevant government agencies, calling for not taking into account the rumors of losing and corrupt parties.

Committee member Moin Al-Kazemi told “Baghdad Today” that “there are some politically losing parties and personalities who have major suspicions of corruption, working to continue spreading rumors that the government is not in control of the dollar market and the Iraqi dinar is declining , for the purpose of political influence as well as influencing the market.”

Al-Kadhimi added, “The government is currently in complete control of the dollar in all its transactions, and there is real and serious work to strengthen the Iraqi dinar,” stressing that “everyone is required not to take into account the rumors of losing and corrupt parties, as they do not want economic stability, to achieve their suspicious agendas.” LINK

BlaqueBeauty: IMO Mr Frank.. has said “just a flip of the switch”

Coffee with MarkZ. 03/12/2024

"IRAQ WILL BE OUR FINANCIAL SAVIOR" BY MILITIAMAN, 12 MARCH

Militia Man

Hypothetically the United States has lets say 5 to 10 trillion dinar. We have a nation debt of $30+ trillion. If the US is sitting on 5 to 10 trillion dinar, if they [Iraq] come back to a previous era which they say they are going to do...they talk about about $3.22...

If they apply the Real Effective Exchange Rate to the Iraqi dinar based off their natural resources, not based off a punishment rate from the war era, not just based off of oil. Iraq's $3.22 was based off primarily oil. Now it's a different situation.. . [This would dramatically help the US with their debt] Iraq has a lot of gold...oil...religious tourism...

https://dinarevaluation.blogspot.com/2024/03/the-rv-at-official-rate-of-322-of-iqd.html

Ministerial Council of Economics... Ministry of Planning, Industry, Trade, Central Bank of Iraq, Prime Minister, Deputy Prime Minister, advisers, all of those folks that are involved...have been knocking it out of the park themselves and showing why they are bringing Iraq to be the financial savior...The world expectations are Iraq is going to be a key component into the global financial system...When they say it's imminent that's a broadcast to the world...

I got a lot of blowback from me using the word imminent. I didn't use those words, that wasn't me talking. It's not me telling you - They are telling us.

Article: "Iraq announces its imminent accession to the World Trade Organization"

I didn't say it other than reiterating what the quote is... They said that.

Article "The dinar and the dollar"

Remember Al Sudani told everyone that the Iraq dinar will return to its lofty economic value because the dinar is stronger than the dollar.

There are things that are coming back up. This is Muhammad Rasheed, he's talking about the national currency...the dinar. He's stating that the economic world is witnessing a qualitative boom in awareness. A lot of people around the world are figuring this out and very soon it will overthrow the dollar. So the dinar is going to be stronger. Al-Sudani told us that...This guy Muhammad Rasheed is holding his feet to the fire...

"WHERE THE QFS COMES IN?" BY BEARDED PATRIOTUSA, 12 MARCH

BEARDED PATRIOTUSA

Family: PLEASE READ AND PAY CLOSE ATTENTION TO WHATS HAPPENING……IMPORTANT!!!

👇👇👇👇👇👇👇👇👇👇👇

🚨🚨🚨ALERT ALERT ALERT🚨🚨🚨

The collapse of Bitcoin will come when the sovereign bond market collapses.

The Fed ending BTFP all coincides with Basel III

In that the Bank of Japan must be Basel III compliant by March 31st, 2024 (this month)

Janet Yellen will need to issue $5 trillion in new bonds this month (March).

That’s NEVER going to happen for her.

At a time when foreign dollar holders are repatriating their ($150 trillion) dollar reserves to buy back their own currency from the U.S. Treasury.

EXAMPLE: Iraq is using their U.S. dollar reserves to buy back their Dinar from U.S. Treasury which is pushing the exchange rate of the Dinar up considerably.

Then those countries are using *that currency exchange swap to acquire the renminbi in the 4X for the oil trade.

(Foreign dollar holders are just using those dollars to swap out for renminbi)

This is why Japan is ending negative rates, where the Bank of Japan uses their Dollar reserves (bonds) to buy back their yen from the U.S. Treasury.

Japan raising rates means they’re going to collapse their bond market. (Basel III)

Bitcoins intrinsic value is ZERO.

There IS NO Bitcoin without Dollar liquidity. (i.e. U.S. Treasury bonds)

Whomever is buying UST bonds with yen is a shadow bank.

This is where the QFS comes in.

The U.S. Dollar is likely to crash this month.

https://t.me/Bearded_PatriotsUSA/15720

" IRAQ IS CURRENTLY WEIGHING CHANGING THE CURRENCY RATE AT $1.32 INSTEAD OF $1,320 PER USD" BY DINAR IRAQ AND DONG VIETNAM, 12 MARCH

Quote In Today News:-

The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. 

Implementing such a decision is likely to significantly increase Al Sudani’s popularity.

SOURCE: DINAR IRAQ AND DONG VIETNAM 

"THIS MEANS THAT THEY DON'T NEED THE ZEROS ANYMORE" BY MARKZ, 12 MARCH

https://dinarevaluation.blogspot.com/2024/03/iqd-will-be-132-instead-of-1320-per-usd.html