Dinarland Highlights for December 12, 2021

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Dinarland Highlights – 12.12.21

MilitiaMan (KTFA)

Article:
Planning determines the priority of projects in the 2022 budget”

Quote:
There are more than 6000 projects under implementation,…

The money at to which these projects will be completed could not be completed if at a program rate. imo… They will require the new exchange rate that will support the reconstruction effort. The new system in place at the borders will add massive revenue streams, just as the liquid natural gas that is being sold… All of it and much more will add to the bottom line for the new real effective exchange rate (REER) to come. There is no reason to have small category notes while at a program rate. We know they have told the citizens on TV about small notes. This article is additional support a rate change is imminent…imo.

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Pimpy

Article:
Chairman of the Committee of Financial Experts Abdul Basit Turki, reviled today Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation

Quote:
After that [Making the final payment], Iraq will submit a request to the General Secretariat of the United Nations requesting that it be removed from the provisions of Chapter VII of the UN charter.

Chapter VII is major.  It’s so big it’s one of the biggest steps we need to take in order for Iraq to do any type of rate change…be happy.  Be a little excited but don’t go overboard.  We have no idea what’s going to happen…We don’t know what they’re going to do until they do it.

Article: Throwback – The first time they lifted Chapter 7 2013
With Chapter 7 Lifted, Iraq Regains Control of Its Own Economy

Quote:
the lifting of Chapter 7 sanctions last month can be considered one of Iraq’s biggest achievements…allowing Baghdad to regain control over its own currency, oil and economy.”

Quote:
One of the biggest advantages of the lifting of the sanction is the return of all frozen assets to the Iraq government estimated somewhere around $82 billion according to the Central Bank data.  Its return will not only revitalize the economy it will strengthen the value of the Iraqi dinar and increase its purchasing power.”

There’s reason to be happy.  There’s reasons to be excited…but stay grounded…there’s no date there.  There’s no rate there.  It merely tells you what happens once Iraq is removed from Chapter 7

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Frank26 (KTFA)

IMO there are a lot of [Central Bank of Iraq]  satellite banks [inside the United States] that are being worked on as we speak right now.  And it’s only because Iraq is Article VIII.  And it’s only because the new budget has the new exchange rate and the white papers have it too…we are so close and right now all the banks in the world are meeting with the CBI…because they are about to lift the value of their currency and they want their 3-zero notes back from everybody.

[Iraq boots-on-the-ground TV update]

FIREFLY:  All news today has been about Barzani from Kurdistan.  He’s been meeting with the house speaker…about the Erbil deal.  They’re saying they’re making sure all parties are working to make the agreement work as they will be addressed when the budget and the rate is reviewed sometime in the early part of 2022.  They’re saying that the Erbil agreement will have a huge impact and allow citizens to receive oil as promised to them by our constitution.

FRANK: …The HCL is part of the economic reform because it is also in the white papers…

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Holly

I had the best news yesterday of tangible evidence this is close to completion. I will not give specifics as we are close and need to let things unfold. All I can say it is happening, get ready…

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BobTheTaxMan

Ways to save on this anticipated gain coming from our IQD investment…we have three objectives.

1. Reduce Taxes any way we possibly can.  To do that you look at income, capital gain taxes, estate taxes.  Those are the things we want to reduce as much as possible.

2.  Defer – ...we have a variables. A. We don’t know when.  B. We don’t know a rate…when this thing comes out let’s just say it’s a dollar…If…you don’t want to have to cash in your IQD at that moment and be exposed to that huge taxation this is where a Charitable Remainder Unitrust (CRUT) comes into play.  It defers that taxable event until later.  The last one which is my favorite

3.  Eliminate them.  I don’t want to pay taxes on this gain in any way shape or form and the way you do that is with the Roth

Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles

Courtesy of Dinar Guru

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