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Dinarland Highlights – 1.30.25
MarkZ
[via PDK]
My bank contacts were told to be prepared to work for the next few weekends…
We are hearing in Iraq some kind of agreement was reached with Sudani and crew and they are expecting fireworks on Friday – or completion in the voting…That is what I was told this morning from a contact in Iraq. We will see how this plays out.
Article:
“2 economists say Iraq’s foreign reserves are reassuring compared to previous years”
Iraq has large cash reserves that are greater than 100% of the volume of the issued currency. They have more assets, more money backing up the dinar then they have in circulation. So Iraq has over 100% backing for their currency…This is important as most countries only have 20% or so to back their currencies.
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Mountain Goat
Article:
“HANTOUSH: ELECTRONIC PAYMENT REDUCES THE COST OF PAPER CURRENCY AND SUPPORTS ECONOMIC TRANSPARENCY”
…in early January the Finance Committee said this was their goal to market the electronic payment process and I know from my CBI contact that this had to be accomplished to conduct the Project to Delete the Zeros. Well… they are telling us this is now successful and done. What next?
We are already seeing that Iraq is being elevated to a high status on the list of issues for Trump’s agenda. He is not going wait long to handle Iraq. Iraq is ripe now and as a business man Trump must see it too. The opportunities in Iraq are boundless, but they are ripe now…
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Bruce (The Big Call)
[via WiserNow]
All right, so when we look at this, look at the concept of it could go in a couple of days… Thursday [is] in play, but it could just stretch us out to Friday, Saturday…,if everything gets completed like we hope, we might be looking at something in the next couple of days before the end of the month…I’m looking forward to a really good week, rest of the week, and possibly weekend... I’m excited about it and looking forward to it – So let’s… get ready…to have everything that we’re looking for come through…
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The United States Treasury Secretary just arrived in Iraq and it’s a meeting with Sudani and the CBI on the news…Television is showing Alaq talking about an imminent launch of initiatives to give economic stability…
FRANK: Many American officials are going to Iraq. To see the new Secretary of Treasury join the CBI and Alaq and Sudani in his meeting is very big news…This is big. We have been waiting for this Secretary of Treasury to show up. I am excited to see what the results are after the meeting…
FIREFLY: Mr. Sammy said that the news about the budget is saying…parliament voted on the incursion of the budget and they did say that the numbers they were given were in the billions not the trillions like usually.
FRANK: If they were in the billions then we have a new exchange rate. Because 1310 creates numbers in the trillions. You know that, I know that and the CBI knows that…Slowly but surely it is a form of monetary reform education to you. You can call it an innuendo…A fuse is lit. When you light a fuse an explosion of purchasing power is coming.
The relationship between Sudani and Donald Trump is about to announce some initiative that is going to make America and Iraq stronger. The expectations of this are pretty high…What do you think this announcement from Trump is going to be?
Community comment: MAGA and MIGA – Make Iraq Great Again.
FRANK: I like that because that’s exactly what this man is doing right now.
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Samson (KTFA)
Article:
“Senior US Treasury Official Travels to Iraq to Counter Illicit Finance”
Article:
“Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor”
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Tishwash (TNT)
Article:
“Economist: The country’s financial situation is among the most prosperous years”
Quotes:
“…the country has large cash reserves, which are greater than 100 percent of the volume of the issued currency.”; “…it represents a firewall in the face of crises that may occur, even if they are caused by a decrease in the price of oil.“
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MilitiaMan
We are watching Iraq be reborn into a digital age. A new economic renaissance is underway now. The gears of progress being witnessed by all of the world effectively are front and center. There is no stopping Iraq’s direction she is taking. It is an awesome thing to watch.
This weekend is going to be a very interesting time frame for us. It’s really a critical time for us…they even use the word ‘crucial’…They definitely have a critical time as far as I’m concerned…
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Walkingstick (KTFA)
Question:
“What do you think about the new Treasury Secretary going to Iraq?”
Isn’t it wonderful that his first mission was to go to Iraq…I think they’re celebrating 1 to 1… This is a re-denomination. They’re going to drop the three zeros from the exchange rate and they’re going to drop them from their physical currency and they’ll come out with a re-denomination of currency without zeros that will match a 1 to 1 rate.
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Clare (KTFA)
Article Quote:
“Saleh told {Euphrates News} that: The gold reserve is undoubtedly an important part of Iraq’s foreign exchange reserves, as it contributes to enhancing financial stability and confidence in the national currency. According to the announced data, gold reserves have reached about 152 tons. The approximate value of it in the country’s foreign investment portfolio is about $14 billion, which constitutes about 13% of the total diversification of that portfolio”
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Jeff
I will keep you guys up to speed as to when the rate changes and all that but it’s very very close.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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