Dinarland Highlights for December 6, 2021

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Dinarland Highlights – 12.6.21

Mountain Goat

What I am told by the CBI is that they are planning a MAJOR rate change and reinstatement to FOREX as part of the White Paper reforms.

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MarkZ

[via PDK]

[What is the word on the Vietnamese dong?]

Still expecting it to go into the $2 range.

There was a tremendous amount of chatter out of Iraq this weekend. But, there is no new rate out on the streets …there is a tremendous amount of talk. The government is saying basically that they will soon have a new value on the dinar…and a new forex value…  Major rate change is the terminology…soon.

The banks are adamant it’s this week…but its miserable being this close and not crossing the finish line…There really hasn’t been any news this afternoon on progress…It’s been exceptionally quiet. The DC Beltway people are expecting it between Dec 12th and the 15th. Listening to the bankers and the whales that are still on location….they believe it will be this week. Before the weekend …All we can do is watch it play out.

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Frank26 (KTFA)

[Firefly boots-on-the-ground Iraqi TV update]

This is weird.  The CBI governor is on the television talking about some state-of-the-art technology…they’re telling us that we have a 1 of a kind prepaid card for all payments in a Visa card.  First of a kind in the Middle East...this is a fully Digital platform and is complete and wishes to have this on the global front so all citizens can make payments internationally.  This is getting very serious…

The year 2021 is for the purpose of educating the citizens about their monetary reform not their economic reform….the main thing is that they are educating them in the year 2021 about the new small category notes.  About the new exchange rate. What did I say to you is in the 2021 budget?  What did I say is in the 2022 budget? What did I say is in the ‘white papers’ the rate.  Last week I told you they educated them on the pros and cons of their monetary reform.  It was an hour long video…they told the citizens they were international …that their currency now has the ability to leave their country or to coming into their country – that’s never happened before.  They told them that this is the first time ever.  There’s a whole generation that has never seen their own currency – almost 20 years. So the education process is occurring in the year 2021…

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Pimpy

They need to continue to do what it takes to lower that % of oil sales for their budget. A strong private sector means you have a strong economy. A strong economy leads to a strong dinar.  I still think it’s going to go up in increments until they develop enough of the private sector…less people relying on the gourmet.  Stronger economy leads to stronger dinar.  Just hang tight, we’re seeing them take all the right steps They haven’t taken this many positives steps in the right direction in a long time.  So far so good.

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BobTheTaxMan

[Reference “No Plan” post from 12-5-2021]

Now, let’s take another look at the same scenario but with planning and preparation…We got the same 10 million IQD and .50 cents equaling $5 million buckaroonies.  Option 1:  Gifting Assignments. Why Bob?  Because it’s a great way to reduce your estate taxes – needs to be done…before the RV. Option 2:  The Roth.  This is the one and only way to have a completely tax-free gain on your IQD.Option 3:  The CRUT (Charitable Remainder UniTrust).  It’s the best way to exchange your IQD in a tax-free environment and provide yourself a lifetime of income, a legacy and sharing with charities on your passing.

Now, including these plans in your IQD investment can still give you all the dreams…but with very little effort and very little expense.  The choice is yours.  Some are going to do nothing…spend it as quickly as possible…and then live a life of coulda, woulda, shoulda done things differently.  There’s some that are going to do something – exchange slowly…hoping the value of the IQD doesn’t fall… – Keeping your exchange income under the proposed $400,000/year…Then there’s those who are going to do everything they possibly can…reduce or eliminate those estate taxes…have a tax-free gain and…invest this gain for a tax-free lifetime income and leave a tax-free legacy for their heirs

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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