Dinarland Highlights – 12.8.24
Mountain Goat
So, what is this dream of Al-Alaq? …Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”. This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.
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MarkZ
[via PDK]
Vietnams Trade surplus has strengthened and they will be pushed to increase the value of their currency. Their currency just isn’t strong enough which allows them an unfair advantage in international trade.
Article:
“Vietnams soaring US trade surplus stokes new fears of Trump’s tariffs”
Will they scale back in trade or will they “raise the value” of the dong in comparison with the dollar? Leveling the playing field. They are actively talking about raising the value of their currency.
From insider news and other sources in Iraq – I have more confirmations that they are trying to having it done by Dec 10th and Victory Day. It made me feel really good to hear this from another source or two.
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Frank26 (KTFA)
[Texas Chase Bank Story]
This is a bank story at the next level. It’s no longer a scam. It’s no longer they don’t want to talk to you. It’s, we want to talk to you as quickly as possible.
MR. DON: Mid-summer…I had a small and seldomly active account…I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value…She said, I’ve heard some chatter about that and I’ve had a number of customs come in and inquire. I’m not sure what’s going on…I asked her, any event that occurs do you expect you would be involved in exchanging?
[Bank Story Continued]
She said, well that’s what we do. As soon as it appears on my screen we will exchange. That was a couple months ago. This past weekend…my wife got a message on her phone. It was from the assistant manager. She said she wanted us to, ‘Get in here and get you an appointment with the wealth manager in preparation for what’s coming down the pipe.’
FRANK: We’re now at the point where it’s no longer, ‘It’s a scam’. That nonsense is over…When are you going to have this meeting?
MR. DON: We’ll probably schedule for this upcoming week…
[Iraq boots-on-the-ground report]
FIREFLY: TV showing guy talking saying the approved amendment to the budget will allow the citizen to receive their payments…
FRANK: There it is! That budget is the key. That budget has the exchange rate.
The monetary reform is an agreement. It is comprised of many different parts. The best part I can give you as an example would be article 140. Article 140 is the agreement for the HCL to be given to the citizens through the budget…Nothing is stopping it…I know the HCL is agreed upon. I know Article 140 has taken care of it…
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MilitiaMan
Deadly “Dutch D-----e”. It’s when countries are reliant [solely] on natural resources. When commodity prices drop, their budgets get affected. It’s very painful…It’s bad because it devalues their currency because they don’t have…the ability to buy and pay for things and pay back debt. But if you have…non-oil revenues…tourism…development road project…ports…taxes and tariffs [you can win]…They used Saudi Arabia as an example because…they were [successful] using non-oil revenue streams. That’s what Iraq is poised to do and it’s an awesome thing to see…
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Clare (KTFA)
Article:
“Banks are the most traded sector in the Iraqi market in terms of value.”
Quote:
“The Securities Commission announced today, Wednesday, that the banking sector was the most traded on the Iraq Stock Exchange in terms of value for the third quarter of 2024”
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Fnu Lnu
“Charitable Remainder Uni-Trust.”
If you prepare a CRUT right now, you can place the amount of Dinar you hold on the “Schedule-A”…Then you…have it Notarized. Now you wait until the RV so you will know what the currency conversion is, and fill in the amount you want to receive from the trust monthly, bi-annually, or annually, and go online and register the trust and receive a registration tax number, and go to the bank and open an account in the name of the trust. Then you make your exchange and have the money deposited into that account. By doing this, you will pay a maximum of 10% tax guaranteed. That 10% can also be paid as much as 20 years out, at the end of the Trust period…I’ve written about 300 of them. There are 2 million in force right now in America…The tax code is for everyone if you chose to learn and use it.
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Samson (KTFA)
Article:
“E-Payment Team: Iraq will witness a major electronic transformation next year”
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Sandy Ingram
Iraq is in a fragile status. Anytime there is a concern about external forces upsetting Iraq’s progress [we] feel obligated to inform IQD investors. The situation in Syria is more urgent than most of us realize…
Video Quote:
“…The take over of Aleppo by an Islamist rebel group, the US has designated as a t-------t group, has alarmed residence and officials in neighboring Iraq. Residents in Mosul are particularly concerned…as it shares a large border with Syria. Mosul was overrun and ruled by Islamic State Militants from 2014 to 2017…Residents in Mosul are concerned the fighting in Syria…might embolden rebel sympathizers in Iraq.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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