Dinarland Highlights – 5.1.25
Bruce (The Big Call)
[via WiserNow]
…the latest information that we’re getting from three or more different sources is saying… It looks like start exchanges on Thursday, the first of May.
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Mountain Goat
…Iraq is excited and so should we be… the dinar situation can change very suddenly once the right policies are effective. This process is not going to take months or years more.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: They’re telling us…they’re opening a new bank in America.
FRANK: My friend [Guru] Walkingstick has a friend in Michigan that has control of one of these banks.
FIREFLY: TV just said that we’re opening the bank in the US, so that one there must be the one in Michigan that your friend has.
FRANK: I’m not sure…The CBI will have many of these private banks around the world soon…The CBI will release a long list of these banks where Iraqi citizens or anyone that has 3-zero notes can go…and exchange their currency. The one in Michigan is being controlled by a friend whose name is Aki.
Article:
“Baghdad calls on Washington to reconsider travel warnings, while the latter praises billion-dollar agreements.”
Iraq wants the travel restrictions lifted IMO because there’s a new exchange rate coming.
[Iraq boots-on-the-ground report]
FIREFLY: Keep in mind that Alaq is the one that’s actually going to pull the trigger on the new exchange rate when they tell them to do it. The only government official that can actually do that. Government officials do not control the rate so we have to see what Alaq says. This was from the deputy of the CBI.
FRANK: I don’t see Alaq having that much authority. Granted I know he’s in charge of it but he also has bosses like for example the board of directors who make all the decisions about the new exchange rate. I just think that’s important that we remember that.
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MilitiaMan
What if they tell you it’s going to go tomorrow? If you knew that and you could still buy currency you could front-run. Market’s don’t work that way.
Article quote:
“Non-oil imports rose significantly during the government of Muhammad Sudani including long-term investment revenues…”
Sudani has increased the non-oil revenues since he’s been in office…Realize Iraq’s original valuation was primarily based off oil. Now they have non-oil resources. They’re really going to be able to support a real effective exchange rate as far as I can see…
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Clare (KTFA)
Article:
“Government advisor: Linking national banks with their American counterparts provides a means for economic stability.”
Quote:
“Salih, confirmed on Wednesday…the Central Bank of Iraq’s efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country…“
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Boots-On-The-Ground Guru Maxis
1310 is the CBI’s official rate. I was able to purchase several million from the local [Iraqi] market for 1500 IDQ to 1 USD.
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MarkZ
[via PDK]
Question: Mark, have you lost enthusiasm that this will go soon?
MarkZ: Absolutely not…I am still full of enthusiasm. I do not know the exact time but everything happening points that it will be soon.
[Reference Mnt Goat post 5-1-2025]
I agree with that comment. Things can turn on a dime. There are a lot of historic examples of resets that happen suddenly.
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Fnu Lnu
It is a time of uncertainty in the Middle East, so business continues to move forward for Iraq. Iraq is doing better than most all of their neighbors but to speculate that the RV/RI is at hand is a bridge too far. In all my research of late, there is no official position or stage of the RV being mentioned. There are still large upgrades happening within the banking sector and GOI and stability is all they talk about in everything I have read. We simply aren’t there yet!
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Henig (KTFA)
Reuters Article:
“Việt Nam to negotiate tariffs with US this week”
Quote:
“A Vietnamese delegation is scheduled to travel to the US on May 1 to engage with relevant US agencies for bilateral trade negotiations”
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Sandy Ingram
In response to currency pressures the State Bank of Vietnam or SBV has adopted a flexible monetary policy to maintain economic stability. The central bank has intervened in the foreign exchange market by selling foreign currencies managing liquidity…Additionally the SBV has shifted from a fixed to a floating exchange rate mechanism allowing the dong to fluctuate within a controlled range to better absorb external shocks. We can only hope the IQD will join the float option sooner rather than later.
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Pimpy
Be careful…You’re not going to see the Iraqi dinar be above $5 per dinar. You’re not going to see the Iraqi dinar at $4 per dinar. You’re not even going to see the Iraqi dinar at $3 or more per dinar. Iraq’s a country that’s getting their c--p together. They’re well on the way of doing so but they’re not quite there yet. They have a long ways to go…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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