Dinarland Highlights – 5.9.25
Mountain Goat
…good news…
Article:
“THE DINAR IS RECOVERING. THE DOLLAR’S VALUE IN IRAQ HAS FALLEN DUE TO LOCAL MEASURES.”
…Exchange offices and the local stock exchange in most Iraqi governorates recorded a decline in the dollar exchange rate against the Iraqi dinar on Tuesday, part of a slight and gradual decline that has been ongoing for days. This decline has been going on for weeks not days…
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Bruce (The Big Call)
[via WiseNow]
The contract rate on the dinar… is incredibly high, but regular screen rate on dinar At the redemption centers is also very high…
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MarkZ
[via PDK]
Comment: It’s been proven that Iraq prime Minister has been meeting with heads of banks…and also the parallel market is moving in our favor now.
MarkZ: That is absolutely 100% true.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: TV is showing a significant decline in the dollar in the parallel market again. The parallel market is now down to 1427. Whoa! Sammy says to expect probably soon, that rate will be 1390 and close enough to close that [gab between official rate] completely out.
FRANK: Wow! That’s fantastic news gentlemen. That’s closer than we estimated for this coming week. That gap as it gets smaller and smaller, sooner or later we will have our new exchange rate because when it closes to a point where it will be able to at least come out at one to one then that’s what we’re looking for.
Some serious negotiations have occurred with Iran. If that’s the case, wow, we have security and stability. If you have security and stability in the Middle East because there’s no more problems with Iran then there’s no reason why not to raise the value of the currency of Iraq. It’s not that complicated.
Don’t be a lottery winner…When a person gets rich…their brains run at a thousand miles an hour at light speed. Slow down and think about every step that you’re doing. Give it thought in prayer too. If you slow down you may learn about some things that others missed.
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Samson (KTFA)
Article:
“The Central Bank’s trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.”
Quote:
“The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks”
Article:
“As Trump’s visit to the region approaches, Iraq is expected to play a role in the Arab Summit in Baghdad.”
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MilitiaMan
The parallel market is about to lose its existence…The i-----l market is about to run its course. That’s 100% my view. The expectation of it getting eradicated completely, non-existent, I think that’s happening in a very short period of time and I think it can happen even faster if they change their exchange rate.
One of the things they’re not going to say is an exchange rate. They’re not going to tell you that. They can’t tell you that because it could damage the whole process of a revaluation…They cannot tell you the whole story but they can educate you along the way…
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Fnu Lnu
Article:
“The Central Bank of Iraq (CBI) has announced that pilgrims can purchase dollars through designated banks and companies in Baghdad and other provinces.”
Quote:
“The process involves exchanging Iraqi dinars for US dollars at the branches of participating banks and companies.”
Well, so much for de-dollarization. Iraq has published an official list of banks and exchange companies who will accept Dinars to buy dollars USD. This interoperability does not hint at an imminent RV/RI but does move the ball downfield quite a bit and shows us that Dinar-IQD and Dollars-USD will cohabitate for the foreseeable future…
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Clare (KTFA)
Article:
“The Central Bank’s trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.”
Quote:
“The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks, with the hard currency declining for the first time since 2022, reaching 141,000 per $100… Saleh said that the Central Bank of Iraq has succeeded in meeting the dollar needs of major traders by strengthening national banks’ reserves with their foreign correspondents…and by beginning to use alternative currencies such as the Emirati dirham, the euro, and the Chinese yuan in banking operations…This approach has contributed to accelerating remittances and reducing reliance on the parallel market.”
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Pimpy
Article:
“Iraqi politician proposes to the Sudanese to invite Trump to attend the Baghdad summit”
You’re not going to get Trump there but you could definitely get a representative there.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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