Dinarland Highlights – 11.23.21
“An Iraqi delegation visits Geneva to discuss accession to the World Trade Organization”
“…Iraq is looking forward to ending the file of Iraq’s accession to the World Trade Organization soon, pointing out that “the accession process is complex and contains great and many conditions.”
Lots of stuff coming out of Iraq news about new digital systems as they move toward settling out, getting rid of derivatives, and platform trading. There is a whole lot going on in Iraq right now- news wise from the CBI site…but I cannot get a real person on the phone to talk…But there is a lot of news on the CBI site about cross-trading platforms, digital transformation of their money and a lot of these have hit today. Obviously they are setting up the digital I-dinar backed by assets. Iraq seems to be in a total shutdown. I cannot reach anyone there…just what I can glean off the “allowed” internet access.
RUMORS are that around 3 or 4 pm Reno time…is when they are going to start processing the whales. This means there is a POSSIBILITY we could get our 800 numbers today. This is a RUMOR ONLY at this point…im not quite seeing this yet because I am hearing Iraq continues with its education process to the citizens tomorrow on Iraqi TV – which is Wed Iraq time…So I was thinking it would be Thursday before we see anything. I would love to be wrong
There are ongoing meetings in Reno. No one has received dollars yet. More and more people are arriving. They are still asking people not to leave. A lot of people wanted to pull up and go home for Thanksgiving….but they are firmly insisting that people stay in place. I think that is great news…out of Iraq they have great expectations for Wednesday or Thursday. We appear to be in the midst of this thing. No part of me believes we will still be here waiting in January. My redemption center folks still do not know if they are working on Thanksgiving or not. At this point they will be on call and asked not to be more than 50 miles away from the redemption center. It is awfully exciting. We are sitting at the edge of our seats.
…RV Update…The news is positive…I have heard things are progressing and we should receive news of the completion of things before this month is over as they move slow and cautiously...
[Firefly boots-on-the-ground Iraqi TV update]
FIREFLY: We’re seeing at the bottom of our TV…the ticker…the CBI governor is saying they will be explaining the new currency and the federal reserves and what the deleting of the zeros means and he is telling us this is good for Iraq’s economy. He’s says the financial committee along with the central bank of Iraq governor Mustafa and other financial leaders will all be interviewed. And they are going to give more details why the exchange rate needs to be changed…this will be given to us Wednesday. We will watch. We will listen for this. We will give you the report…
FRANK: This is fantastic because this is literally the final countdown. You are down to just a handful of time…prepare yourself for this coming Wednesday to learn the power of the pros and cons…of what’s about to come.
There are rumors going around that the IQD or the Iraqi dinar is going to be revaluing tomorrow. That obviously is not true. There’s no announcement whatsoever. When they go to make the announcement they’re not going to tell people ahead of time. Just calm yourself people. Use common sense. If they were going to tell people in advance when they were going to revalue the currency and how much people would flood the markets trying to buy as many dinars as possible so they can get super rich. They’re not going to announce it. They’ll just do it.
…Remember we are getting very close to December and so if the CBI is going to reinstate the IQD on FOREX in early January we should expect some action now for the “Project to Delete the Zeros” and a strong education program to get underway to let the citizens know what to expect. We should also see pictures of the new lower of the lower notes. My source in the CBI is also now telling me that they are preparing an announcement and a long educational program to air soon in Iraq. WOW!!!
The information you want to keep track of now so that when your tax professional asks you for this information it will enable he or her to complete your taxes accurately and with ease…more than likely you will file your IQD capital gains…They want to know the sales price or the cost that you paid for the Iraqi dinars [and how many]…the date that you purchased the Iraqi dinars…the date that you sold the currency…that’s what you must do right now.
For this example…we are going to say…you have over 1 million Iraqi dinars…We’re going to say that Iraqi dinar floats to or equals 1 dinar to 1 US dollar…when you do the math you find out quickly that your total tax would be right around $335,423. Do I need to repeat that? $335,423. That is how much you will owe the IRS. I know some of you don’t believe in the IRS. Others say it’s not a real government agency. And some of you up until now have never cared but let me tell you if you want your profits…you’re going to need to claim the financial gain…
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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