Dinarland Highlights – 5.25.25
Mountain Goat
…they tell us the Arab Summit was a success and Iraq once again takes a major role in the middle east. But if they are to be a leader than where is their currency? It certainly is not yet a currency of a leading country.
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MarkZ
[via PDK]
Article:
”90% of Iraq’s money supply is held outside of the banks”
This is according to the Prime ministers advisor. This is massive. They do not want to let go of their currency. Why are they hoarding dinar? I think they know why they are hoarding.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Alaq the central bank governor was on the news talking about the deletion of the 3 zeros is still on and it’s on time. When it’s correct time I will reveal a stronger dinar than one before 1980. Then Alaq talked about we have all approvals from the IMF and World Bank and US Treasury…Sounds like Alaq is taking us up to something big coming.
FIREFLY: Sammy says we are soon to expect to hear that the official rate has matched that of the official CBI rate. That will be our first key, that will be our first clue…Soon after watch for those new lower notes they were threatening you with…
FRANK: Things are moving exactly as they should. This is very exciting. I can’t believe they told you that [that they’ll come out with new currency if the citizens don’t bring in their 3 zero notes to the bank]…
FIREFLY: TV is showing…that the President of the United States gave Iran two weeks to remove all of its armed factions from Iraq.
FRANK: In those two weeks we’ll gain security and stability…I like the timing.
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MilitiaMan
2023 Article quote:
“…Because the project to delete the zeros still exists [Alaq] says when this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.”
That’s the expectation of this – before 1980. That’s coming from the Central Bank of Iraq.
The media is clearly been engaged to convey a message and that message is…Iraq is ready to go international …The ultimate change is coming upon us and it’s on their dime. We’re watching it unfold.
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Pimpy
This has been talked about a lot lately…
Article:
“90% of Iraq’s money supply held outside banks:PM advisor”
This isn’t good because if they don’t have enough dinars to work their economy the economy is going to be limited in growth…I don’t know about you guys but if they want to raise the exchange rate just a little bit I’m sure there a huge group of us be more than happy to send a lot of Iraqi dinars back to the country! 🙂
Question:
“Can you please tell me what you think 5 million dinars…will be worth if the currency RVs or changes…?”
Here’s the different scenarios that can take place. The one everybody’s hoping for is they jack up the exchange rate and…they don’t delete the zeros off [the notes]. Then everybody’s dream of becoming multi-millionaire would come true. But they…said it many time – They’re going to delete the zeros … That means the 5 million dinars that I have become 5,000…Let’s say hypothetically they go ahead and they lop the zeros off and then a little bit down the line they go ahead and reinstate the $3.22 rate: 5,000 x $3.22 = $15,000. That wouldn’t be too bad for me because I’d still be making $15,000. Sure I want to be rich like everybody else but that’s more likely what’s going to happen.
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Sandy Ingram
The State Bank of Vietnam continues to manage the currency tightly allowing only gradual movements…The VNK is expected to see a modest depreciation potentially reaching 26,940 per dollar by year end. This is driven by continues US dollar strength, US tariffs on Vietnamese exports and Vietnam’s strategy to maintain export competitiveness through a slightly weaker dong. In other words it is a financial strategy for Vietnam to keep its currency low. Let’s hope Iraq does not develop the same habit.
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Clare (KTFA)
Article:
“Vietnam’s PM and Eric Trump break ground on $1.5B luxury golf resort amid US tariff talks”
Quote:
“Projects to be developed in Vietnam will be the envy of all of Asia and of the entire world, said Eric Trump, who is a senior vice president of the Trump Organization. He praised its Vietnamese partner, real estate firm Kinhbac City, and promised to visit the country ‘very often.’ “
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Fnu Lnu
The whole world trades with Vietnam at 25,575 VND to $1 USD. There is NO requirement and no such thing as an Internationally Approved Rate...No one in Iraq is speaking about an RV at this time. They are busy redesigning the banking system and learning to use it. They are building out a non-oil economy to propel the private sector to new heights.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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