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Dinarland Highlights – 2.9.25
MarkZ
[via PDK]
More than one person told me that for a short time on the forex they saw the dinar at around one US dollar. I think this may be a little more testing…they have not opened it up for exchange yet…. Don’t panic…I don’t think this is the rate…but if it is I will take it and be happy…So this puts one IQD just under one US dollar.
Is it possible we will see something Monday morning? It’s possible. But stay calm as there are a lot of moving pieces right now. There have been tons of comments from groups and contacts in Reno that have suddenly awakened. It is busier then we have seen it in years. Reno contacts are very optimistic.
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Mountain Goat
Article:
“NATO INVITES IRAQ TO PARTICIPATE IN BRUSSELS GATHERING, PRAISES GOVERNMENT EFFORTS”
NATO Secretary General Mark Rutte extended an official invitation to Prime Minister Mohammed Shia al-Sudani to participate in the NATO gathering that will be held soon in Brussels, and to deliver a speech on behalf of Iraq during the meeting. What will Al-Sudani say?
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TIR is the new cross border payments system. Sammy says we are launching this new system by using this transfer for International and then he says…this can’t be at 1310 because it’s going it’s going international, saying it will be historic first international cross-border payments using this. We are really close. There’s no way we can make the payment at 1310.
FRANK: Yes it’s a joke when you think about it all being done at 1310. I agree. We are as close as your breath is to your lungs…
This is a speculative investment. A bank is not going to tell you you’re going to be rich. A bank is not going to tell you on this day you’re going to be rich. A bank is not going to tell you this is the rate that you’re going to get. You understand? Good.
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Clare (KTFA)
Article:
“Trump Sanctions Send Iranian Currency to Biggest Collapse in 46 Years”
Quote:
“Iranian markets witnessed a record collapse of the local currency…as the US dollar jumped by 3,000 tomans to reach 89,000. This decline comes in light of US President Donald Trump’s…’maximum pressure’ policy against Tehran…and was followed by the US Treasury imposing sanctions on Iranian oil exporters …The euro reached 91,200 tomans, while the British pound reached 111,800 tomans, representing the largest collapse of the Iranian currency since 1979 against the US dollar…At the beginning of the current Iranian year, on March 21, 2024, the dollar was at around 61,000 tomans…
Article:
“US threat to punish Rafidain may destroy dollar, salaries, and push Iraq into isolation”
Quote:
“Professor of International Economics, Nawar Al-Saadi, says, If sanctions are imposed on the Iraqi banking system, the effects will be broad and profound, as this will lead to major disruption in the Iraqi economy, especially since Iraq relies almost entirely on the American financial system in its international dealings, whether through transfers or reserves in the US Federal Reserve, and any restrictions on these dealings will lead to a severe shortage of dollar liquidity, which will increase the demand for the dollar on the black market, and thus raise its exchange rate against the Iraqi dinar.”
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Sandy Ingram
President Donald Trump has ignited a firestorm in the Middle East with a dramatic executive order that abruptly ends Iraq’s waver to buy gas from Iran. This high stakes move intends to choke Iran’s economy and its nuclear ambitions is sending shock-waves through Iraq’s fragile energy sector and threatening to plunge the country deeper into political and economic chaos…Baghdad is scrambling for alternatives. Financial transactions are also under siege. Washington has cut off Iran’s access to Iraq’s financial system…leaving Iraq desperate for a workaround including a potential shift to Russia’s Mir payment system. Iraq is deeply concerned the sitting president will place more sanctions on the country if they do not comply.
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Fnu Lnu
This just in from my Singapore contacts: There is a hold on the RV for an unspecified amount of time…The Iraqi government, in collaboration with the Central Bank of Iraq (CBI), Consulting Firm Oliver Wyman, INB, INI, and K2, launched a strategic initiative to modernize the country’s banking sector…It was realized, due to the cross-border payments training program, that Iraq was not at all ready to initiate a revaluation of the IQD due to insufficient capability …Further implementation details will be announced in due course. Until this is completed, THERE WILL BE NO RV! …This information has been verified through the office of the Prime Minister…wait for further details. We do not now know how long this will take. Don’t shoot the messenger please.
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MilitiaMan
Article:
“Minister of Finance receives a delegation from the German corporation for international cooperation.”
Interesting…so are they going to be doing this 1310 business forever? I don’t think so.
Quote:
“In the presence of sectoral bodies from the Central Bank of Iraq, Federal Integrity commission, Financial Supervision Bureau and the General Authority for Customs and Taxes at the ministry’s headquarters…”
These guys are focused 100% on Iraq getting into the International world.
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Samson (KTFA)
Article:
“Iran confirms continued gas exports to Iraq despite US sanctions”
Quote:
“The National Iranian Gas Company confirmed the continuation of gas exports to Iraq, despite circulating news about the United States canceling…”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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