Dinarland Highlights – 12.15.21
Holly
…I am hearing we are in the window for this week. However, I don’t want people to get so disappointed if I does not happen…With that being said, yes the news is great and positive but remember it could be delayed for reasons we are not privy to. I’m not saying it will but have realistic expectations that it could be now, or by the end of the month or into January…We are in a sweet spot we have never been in for this to go. From all I hear it’s happening but again I caution you to be prepared if it doesn’t…Stay positive…
They are continuing to bring in people from T4a and they are being processed. T4a is a test group to test the redemption centers. All is going through without a glitch. It’s not long before they release this to all. This is the best news this is happening and getting to our level.
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Pimpy
I don’t think there’s going to be any RI or RV called by this weekend. I know you guys are being told that. I could be wrong. We’ll see. But if that’s the case, we know know that the United Nations has to go ahead and fully pull Iraq out of Chapter 7. They could do it all at one time that’s always possible…there’s no indication that the rate is going to change by this weekend…there’s no evidence or proof out there. Having said that, that doesn’t mean it’s not going to happen, it’s just not going to happen by this weekend…But it obviously does look like they’re attempting to do something very shortly with the Iraq dinar…
Man there sure is a lot of talk about exchange rate changes…you can tell they’re really looking into a serious rate change. They have studies going on and I know it says a study at 1200 dinars but really do you have to put together a whole entire committee just to check out 1200 dinars? For the past couple months in the news religiously have been talk about the exchange rate. Will something happen in 2021? It’s possible.
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Frank26 (KTFA)
Article:
“The governor of the Central Bank of Iraq meets the UAE Minister of Tolerance and Coexistence, Commissioner-General of Expo 2020“
These CBI satellite banks are all over the world.
Article:
“The Central Bank: The Cash reserve increased to 62 Billion dollar”
Quote:
“…which makes it able to influence exchange rates and to prove a comfortably sable economic environment.”
If we were to translate that into simple English all it says is we’re raising the value of our currency and we’re bringing out a new currency to match that value. This is great news! This is what we wanted to hear. It’s no secret. Everybody know Iraq is lifting the value of its currency and going through the process. No body knows when but it looks like it’s pretty darn close…
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MarkZ
[via PDK]
What I am hearing is that everyone is in place …people are sitting where they are supposed to sit. We have more whales arrived as they prepare to process in 4a…we are getting a little bit closer every day…
[does it still look good for an RV before Christmas?]
It still looks good...On the Iraqi front because many people are freaking out…seeing articles and videos that Iraq has made final reparations to Kuwait. Also that they will have final election results by the 22nd. So to me anytime between now and then is fair game…it could happen any day of the week…Any time of the day… I know they are pushing hard to get it done…We are at a “moment to moment” for it to happen.
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BobTheTaxMan
…Taxes…it’s the biggest hole in your financial ship. Let’s just say if you just got a little bit of IQD…make sure that you’re going to be lessening your immediate taxes. Only cash in enough to meet what your goals are…It’s all going to be dependent upon what the value is going to be. You want to reduce those income and capital gains taxes. A suggestion might be if one of your goals was to buy a house…
...instead of cashing in all that IQD and then paying that 40% taxation (not counting what the state’s going to assess)…cash in a smaller amount, enough for a down payment and then borrow the money on that house. You’re further ahead in the long run to do it that way than to expose yourself to an immediate huge tax bill. On the day you do this, pay your taxes – federal and state. Get them out of the way because they will assess interest and penalties if you don’t pay in a timely manner.
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Kaperoni
Fitch the credit agency stated in the media today they expect Iraq ‘s economic growth to go up by over 8.1% in 2022. This is so significant.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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