Dinarland Highlights – 1.24.25
Mountain Goat
There is new sheriff in town and his name is Donald Trump. What will his policy be towards the Iraqi financial system. Four years have passed since his last administration and there has been way too much progress in the banking and financial reforms to turn back to the days of the prior T------------------n laden with sanctions. I am told by my CBI contact that Al-Sudani is hoping for an invite to visit the new President in Washington, or better yet have him come to Iraq…
…the CBI is being very cautious to see how the U.S. T------------------n is going to play out. Remember that Iraq is ditching the dollar but Trump has vowed to keep the USD as “the” reserve currency around the world. Remember Iraq just de-dollarized and would luv to get off the Petro-dollar and find another peg or basket of currencies to peg to. I know for a FACT the IMF has been working on this new basket of six currencies for this purpose. Will the US Treasury under the T------------------n accept it? …Let’s see how this plays out…
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MarkZ
[via PDK]
Question: Do you think Trump knows when we’ll RV?
MarkZ: I do know someone from inside the new administration who has absolutely every reason to be “up to speed” because of where they are at. They are saying that the value change in currencies is on the absolute top of their list. It was reassuring to hear that from a political source that this is a priority. Also this person is a currency holder. This revaluation would fix a lot of problems. I cannot say more without getting into lots of trouble.
Multiple forex traders have reported that they have had to sign new “terms of agreements” focusing on currency exchange values. I find that very interesting and believe it is a key thing to do before they flip the switch.
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Frank26 (KTFA)
The whole thing falls on one thing – the amendment budget readings…If we’re waiting for a float or a basket, what is it that’s going to give us the float or the basket? The amendments…If they pass the amendment, all hell is going to break loose but this time in a good way!
IMO the reason why they’re using the three zero notes to educate the Iraqi citizens is not just because they will coexist with the new small category notes but they will look exactly like the old notes. The only difference is the zeros will be gone…
Question:
“Is it essential to have your lawyer present when you make the exchange? What type of lawyer should I take with me?“
Tax lawyer, a domestic lawyer, a lawyer that’s involved in things that you are going to be involved in…In general a tax lawyer is probably what I would recommend…
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MilitiaMan
In Iraq they’re going to be using the dinar that’s all there is to it. If they change the value of their currency it’s likely they’re going to be using the dinar because it’s going to be a strong currency and it’s relatively likely to lead to a basket of currencies just like everybody else is relative to a basket of currencies in some shape or form.
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Samson (KTFA)
Article:
“President of the Republic to President of the World Economic Forum: Iraq is a fertile environment for investment and trade cooperation”
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Clare (KTFA)
Article:
“President of the World Economic Forum: Iraq is one of the important countries in the Middle East and the world”
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Sandy Ingram
Iraq has set an ambitious goal to increase non-oil revenues to 20% of its national income. This is urgently important because the IMF…will not support Iraq’s increase in currency value until it has more non-oil annual revenue…If you remember Iraq almost went bankrupt during the pandemic when oil revenue went to nearly zero…
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Pimpy
Article:
“CBI unveils new banknote security features”
This also should bring something to your attention. If they are adding new features to the currently existing bank notes without changing the denomination, deleting the zeros or exchange rate, that should tell you that there is no rush for them to do anything about the exchange rate. If they knew they were about to go ahead and release new bank notes with the three zeros missing and change the exchange rate there wouldn’t be any need to go ahead and add security features to the old notes because there would be no reason for it. If you’re going to get rid of the old notes why take the time to put new security features on there? See what I’m saying? That should be an indicator to you that they are not in any rush to re-denominate and change the exchange rate. Sorry as usual to p-e in your Wheaties but that’s just the truth.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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