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.
