Dinarland Highlights – 5.6.25
Mountain Goat
Article:
“IRAQ INVITES MIKE WALTZ TO VISIT BAGHDAD AND SEE THE POSITIVE DEVELOPMENTS ON THE GROUND”
Quotes:
“Foreign Minister Fuad Hussein invited US National Security Advisor Mike Waltz on Tuesday to visit Iraq and observe the “developments” taking place in the country on the security, political, and economic levels.”;
“Minister Fuad Hussein affirmed that the security situation in Iraq is stable and secure…“.
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MarkZ
[via PDK]
Article:
“The minister of finance is reporting a 5% growth in non oil GDP in 2024”
This is a pretty big story. Presently oil prices are suppressed but it started the year at $78 a barrel…they are far more secure than the “Chicken Little’s” out there are claiming.
[For this piece we want to give credit to Samson with Militia Man and Crew.]
“The United Nations and 18 countries meet with the Iraqi Banking sector to discuss banking relations at the headquarters of the Association of Private Banks”
they are focused on safety and moving money internationally. This would be very important if there is a value change in an international currency. Many of these countries listed are in the same basket that we have discussed. Iraq is clearly moving to international and quickly!!
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Mr Sammy says any article in our country that talks about the deletion of the zeros, that’s totally different than the deletion out of the country.
FRANK: Yes, because the way the 3-zeros are deleted in the country of Iraq are going to be different than the way they’re deleted outside. In the country it’s going to be cause they’re going to lift the 3-zeros from an exchange rate…But outside the country they’re going to collect the 3-zeros from the notes when they get turned in.
FIREFLY: They’re entirely two different animals. In country when the rate changes we go in and they will drop the zeros and then we get the new rate, purchasing power applied. Whereas outside of Iraq…for example [FIREFlY’s brother in the US] has 1 million dinars. He will go to a bank in America like your friend Aki and let’s say the rate is $3, he’ll get $3 million…It has to be that way.
Should we go to the bank [to exchange]? In my situation I don’t think so, no. I don’t qualify to walk into a bank because I’m not going to walk in with 1 million dinars [He has much more]. So my team will consist of a lawyer who will make the phone calls for me, who will make the arrangement that whatever bank we decide will come to my house.
I’m still very encouraged about this year because the new exchange rate can be released at any time. It’s just very convenient at the beginning or the end of a quarter…This is the year to release the new exchange rate.
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MilitiaMan
We’ve been showing in the news is Sudani…Finance Minister…Alaq, and other advisors are all talking about where these guys have been and who they’re meeting with. They’re meeting with heads of state of many countries. They’re doing it all at the same time, back to back to back…Something is up. I believe the region and the world needs to be in sync… with a big change. The Central Bank of Iraq is important but so are all the other central banks that are interconnected with Iraq trading partners…
Article quote:
“Iraq is ready to integrate into the international financial system.”
I don’t think I can spell it out any more than that.
I have a passion for what I do. I believe in what I own. I’m not here to blow smoke…The disinformation is a big thing. You see it in the news. It’s everywhere. It’s here in my country, maybe in yours. It’s hard to decipher what’s real. And that’s what I do the best that I can to make sure that I have vetted information…That’s where experience comes in…
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Fnu Lnu
Brent Crude prices have been reassessed for this year and…coming budget years…Prices are on the decline as are hopes of an imminent RV/RI. Iraq has also been called on the carpet for buying LNG from Iran in violation of the Trump embargos against trading with the rogue and hostile Iran. A smuggling ring was also revealed…Overbearing sanctions have created a generation of pirates who have never known real, open, in the sun, commerce. This culture of c--------n extends to the highest offices to the lowest. The Iraqis may have allowed their golden window of opportunity to close concerning efforts to revalue its currency.
Article Quote:
“Iraq’s Minister of Transport…chaired a meeting…at the headquarters of the General Company for Iraqi Railways with representatives from Oliver Wyman, the consultancy firm providing financial advisory services for the Development Road Project….calling for detailed studies and enhanced coordination between the General Company for Iraqi Railways, the project’s Higher Committee…”
Progress hasn’t stopped nor has it frozen…My sources are directly from the CBI, GOI, the various ministries, the IMF, the WTO, and BIS. Just because some apartment is a hull standing idol is hardly indicative of the geo-political wrangling going on right now in Iraq. There are thousands of such idol clean-up projects waiting. Debate backed up with facts is always welcomed…
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Sandy Ingram
The fact that we cannot trade the IQD on the Forex market makes the currency hard to come by which equals increased value. Hold onto your IQD banknotes and hope policies allow us to exchange the currency in the United States once its value increases.
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Kaperoni
Seems like now we’re finally starting to get statements out of Iraq that confirm what we’ve been saying all along that the dinar can only rise as a result of a developed banking sector, economic success and growth of their own economy.
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Samson (KTFA)
Article:
“Finance Minister: The Iraqi economy recorded non-oil growth of 5 percent and a decrease in the budget deficit”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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