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Dinarland Highlights – 11.24.24
MarkZ
[via PDK]
Iraq has a lot of things that start happening on Monday. Wrapping up the census and the parliament says they will start voting on important laws on Monday. Many believe this includes the HCL.
Aritcle:
“Iraqi Parliament resumes session on Monday with Important Laws”
These are controversial laws they have been tackling and a number of my sources believe the HCL Law is in there. That along with the census this coming week…so they can release the new rate. We all hope this is accurate. Most of my contacts expect a phenomenal Thanksgiving (or before).
Question: How long will we have to make appointments after the RV?
MarkZ: I heard 30 days. But some contacts believe it will be more like 90 days.
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Mountain Goat
…we are still seeing lots of news from Iraq on educating the citizens in many areas. One biggie is the census… This level of census has NEVER been conducted since the 2003 invasion. Lots has changed since. This census is also part of the Article 140 and the process of determining the shares of the excess oil revenue streams to be divided up to the citizens as part of the Hydrogen Carbon Law (HCL) this is also better know as the Oil and Gas Law. Yes, the GOI does plan to administer oil profit shares to the citizens much like they do in the Saudi and Kuwait.
However…you can see that they first must rebuild their economy and infrastructure. Today there is not much remaining of oil revenues after they pay all their bills. The surplus will come once they diversify their economy and these other sources of revenue come pouring in, as we are seeing now to begin…I would not gamble on this HCL triggering the RV, as many…seem to think will happen when they finally pass the Oil and Gas Law.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Economist on television is explaining about how a revaluation works. They’re giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow…It’s being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies.
FRANK: If they tell you it’s going to be pegged to a basket of other currencies,…it means we have a new exchange rate because that’s the only reason the other currencies in the basket will play along with it…They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
Article:
“The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the claim”
THE VAULTS ARE NOT A SECRET… WHAT IS INSIDE OF THEM IS.
What Sudani is doing for Iraqi citizens, it’s going to benefit the whole freaking world.
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MilitiaMan
[Boots on the ground in Iraq update]
There is a lot of information about the dinar being worth more. There’s a lot of news outlets, even on the TV when it comes to Iraqi news, Channel One and Channel Three, speaking about how worthless the dinar is and how its purchasing power needs to change for the country to develop and to go in the right direction. There is a lot of pressure educating the people.
The 2024 budget, we haven’t seen that yet. Why haven’t we see it? We haven’t seen it yet because they’re hiding that until the last minute. Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process. But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why…2024 budget exposure is what to me is the key. It’s that Rosetta Stone…
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Samson (KTFA)
Article:
“The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the claim”
Article:
“Iraqi government to Baghdad Today: We must adapt to the new political situation in the United States”
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Clare (KTFA)
Article:
“The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the claim”
Quote:
“The information that talked about transferring secret safes and vaults that were underground in the old Central Bank of Iraq building on Rashid Street to the new building on Abu Nawas Street during the population census curfew is absolutely incorrect…moving anything to the new building is a normal matter and there is no secrecy in it, and everything is being done under the supervision of the relevant authorities, whether security or otherwise…“
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Wolverine
[via Judy Byington]
We are definitely going to have a good Christmas. Just letting you know that I’m now under NDA. I cannot talk right now so I cannot hurt the process…We are now definitely close.
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Sandy Ingram
Iraq faces 2025 fiscal squeeze …as declining oil prices put immense pressure on the nation’s budget which has been heavily dependent on oil revenues for decades. The International Monetary Fund has recently issued a stark warning to Iraq cautioning the government’s 2025 budget projections may be overly optimistic leaving the country vulnerable if oil prices continue to slide…The Iraqi government has budgeted for crude oil prices to remain stable around $85 per barrel but the global market has seen a recent dip with prices hovering closer to $70 per barrel…Without a substantial increase in non-oil revenue the country may face a fiscal squeeze in 2025…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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