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Dinarland Highlights – 10.3.24
Mountain Goat
Prime Minister Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank. This came during his participation in New York…can the news get any better? Finally the US is engaging Iraq and seriously taking on partnerships, especially in the energy sector. So we know if the US is invested in Iraq something is up….
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: On the news Alaq came in and talked again about the deletion of the three zeros and he said we have a process to enhance the dinar. He was explaining how they are going delete the three zeros and add value…Then this i***t comes on TV and he says to us dropping the zeros will not lead to a value increase. He’s just a fool that hates this is happening. That’s all Alaq talked about, again saying it’s under constant review.
FRANK: As far as the guy that comes out and says this is not good, that’s it’s negative…this is not being sent to you by Sudani…Don’t pay attention to them. Only pay attention to your true leader Sudani.
The security and stability of the monetary reform of Iraq is at its pinnacle and its is going to protect this new exchange rate and the new lower notes.
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MarkZ
[via PDK]
“Finance Committee: Discussion of 2025 budget tables will begin next month”
That is November. Why is that important? The rate. They are still settling out 2024 and 2023…now suddenly they are going to be ready for 2025 and its tables? I believe this tells us we will soon have a rate in order for them to fix those tables.
“Iraqi dinar under pressure amidst regional tensions” They hid in this article a piece that we really like…They are shrinking the dinar note count which will increase the value.
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Pimpy
As you’re aware Iraq has some issues with protesters charging the US Embassy. I’m glad it has not escalated. Iraq has been doing a great job about staying out of all these little conflicts. We don’t want them to get involved in these conflicts. They need to stay on a straight and narrow. They’ve been doing a great job of this. Let’s hope that continues. This would be good for both the dinar as well as the stocks.
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Fnu Lnu
I have never been a*****d of being soft spoken…Taxes: …There are rich people and there are poor people. The difference is that the poor pay taxes all their life and the rich pay little to no taxes. The Tax Code (IRC) is written for both. You DO NOT have to pay out one third to one half your exchange funds in taxes. You can use a Charitable Remainder Uni-Trust and pay only 10% in taxes and those taxes are deferred for 20 years if you wish. Find an Asset Protection organization or attorney...It [The CRUT} is a two page document and gives you the legal right to pay ZERO capital gains taxes…and you can buy and sell using the Trust…This is perfect for real estate but can be used for an unlimited number of purposes…
Next, you do not need an army or “Team” to help you handle your money. You need only find a reputable asset protection firm or attorney…Doing it this way eliminates wealth managers, lawyers, CPA’s, investment councilors, etc. The asset professional will usually have an in-house CPA…What exactly are you doing anyway? You are eliminating all three wealth killers. Those are Lawsuits, Taxes, and Estate Planning...You will…pay minimum taxes, and mitigate Taxes, Lawsuits, and Estate Planning. This…will insure that you get wealthy, stay wealthy, and pass your wealth on to your heirs without probate, estate taxes, d***h taxes, or capital gains taxes.
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Samson (KTFA)
Article:
“The Central Bank of Iraq warns exchange companies against receiving a commission of more than 25,000 from selling the dollar to travelers”
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Walkingstick (KTFA)
[Response to Guru Frank’s Firefly report below]
You put a mic in front of these parliament politicians and they instantly become economic experts…This is basic math.
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MilitiaMan
If you’re going to create value, you’re going to have to have smaller denomination and you likely will have to have coins. There’s no need for coins if you do a lop. There’s none. They will not ever do that and the reason why is because how in the world could you get by with a one note and the value of it at .0007. Come on.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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