Dinarland Highlights – 8.4.21
…August 3 until August 15!!! Come On RV, RV, RV!!! 15th of each month is day UN make exchange rate updates.
So, in the recent article from…8/2, Prime Minister Mustafa Al-Kazemi announced the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper…So it has officially now begun…the article told us that the Prime Minister chaired the meeting of the Higher Committee for Reform. So they actually now have a committee to address the white paper reforms. This is very good news!
…there is a statement quoted by Al-Kazemi in the article as saying that “since we launched the reform white paper to address the rampant corruption in the country, we are working to create an appropriate atmosphere for its application”. This statement means …that they need to address and clean up the corruption before they can take on many of these white paper reforms. So they need security and stability once again. …One of these reforms we know is the project to delete the zeros which eventually will get us to the bank, sooner than later.
The IQD as we know is going to be treated as ordinary income. It is not going to be treated as capital gains. It can’t be, that’s impossible. This is how this works. You take your IQD in your lovely little hands and you go to your local bank and you exchange it for dollars. As soon as that happens you have a taxable event (except under the umbrella of a C.R.U.T) …What you did is step into the highest tax rate possible. This is the one that’s going to grab you. Now what’s really interesting is under the Biden administration anybody who makes over a million dollars is really going to get bit.
So when you take a look at the IQD and all the dreams you got affiliated and attached to it you got to remember you’re going to have to have some constraint unless you’re willing to give up almost 60% of your gains. Are you really willing to do that? Are you willing to give up that much simply because “I don’t care” and you run down to the bank and cash it in? It will creep up and bite you in the butt.
They are going to revalue no matter what. The question is…the speed the value is going to go up from a starting point…the only affect on the dinar I can see [is the U.S.] pulling out [troops]. So that’s what you have to decide – when that day comes when you can exchange (not ‘cash in’ but ‘exchange’) how far can you go in Iraq? How far can you depend on them? And that’s up to you. It’s tough to know. But the point is you have a plan one way or the other. Most people don’t have a plan at all. So you’re good. You’re golden.
There are a lot of meetings going on right now. The most powerful ones are the IMF and the CBI. They just meet and meet and meet and meet and its fantastic. It’s all going really nice. The IMF is having powerful meeting with the CBI and Kazemi. They’re talking about the monetary reform…all of the meeting happening between the CBI and Kazemi are on the currency of Iraq …
Iraq right now is on a mission with its monetary reform to de-peg from the American dollar. They want to stay on par with the American dollar. But they’re ready to de-peg, stay on par, go into the international theater and let the value of the Iraqi dinar go up outside of their borders in the international markets…IMO the CBI and Kazemi are not going to wait much longer.
One of the key components of an exchange rate is going to be, what was it priced at? They tell us in the past a price that was quite ‘popular’. I’m not one to think that 1166 or 1182 or 1190 or 1460 is or was ever ‘popular’…but what’s popular? If none of those are popular we can safely presume that something prior to that…quote “restoring the exchange of the dollar against the dinar to its previous price is a popular demand by all the people.” They know their history. If we’re going to go back to when we had purchasing power it’s obviously not 1190 because they were looking for purchasing power while they were at 1190. So it’s pretty good.
“A new statement from the US administration about repealing the Iraq War Authorization Act of 2002“
We already know this. Biden already said it, did it, it’s done. We’re moving out the troops. All is good.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles