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Dinarland Highlights – 6.13.25
MarkZ
[via PDK]
In Iraq: “Al Fateh: The smuggling of the regions oil will not stop until the approval of the oil and gas law”
We do expect to see the budget tables and the gas and oil law to hit parliament at any moment. I am hearing a lot of chatter it may hit tomorrow [Friday, 6-13-25]. Am trying to stay calm.
Question: Do we have to wait for this war to finish before we seen an RV?
MarkZ: Overwhelmingly what I have heard from bond contacts, group contacts, paymasters and Iraq contacts…they all agree that this acceleration of unrest and this conflict in Iran will move things forward. They believe this will wrap up loose ends and finish this revaluation. They all agree this will not be a delay or a speed bump…but will accelerate the reset…so I am hopeful.
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Mountain Goat
They are telling us they must get these hoards of cash inside the banks… nearly 90% of the cash dinars are still outside the banking system…So, this step is FIRST to concentrate on the in-country dinars. Next they are going to come after the out-of-country dinars…I asked my CBI contact- does this also include our dinars, held outside Iraq with investors? … I was told YES…if they don’t’ retrieve these dinars in-country first, before the revaluation…there will be too much in the money supply and hyper-inflation will occur… she told me…They would first retrieve these hoards then, by revaluing the dinar in-country, then bring out the lower denominations.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Saleh back on TV today…talked about how a fixed rate is better than a floating rate and talked about how sometimes revaluation a currency can help solve black markets.
FRANK: Everything that is required for the new exchange rate to come out is being put in position. Even the removal of the Iran’s profiteering is about to come to an end…
FIREFLY: TV is talking about a procedure done by the CBI has led to an all-time narrowing of the gap between the parallel market and the official rate…
FRANK: It is good to see the CBI bragging about narrowing the gap between the official exchange rate and the market rate. Once it does reach 1 to 1 that will be position for it to be ready to float internationally to reach the REER. The monetary reform is putting everything in position and we can see it and it’s exciting.
…The money they have to back up their currency is astronomical. That fact alone allows me to sleep at night with comfort because I know this is happening. I know it’s coming…
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MilitiaMan
Iraq truly does have security and stability. Just because another nation is having some serious, serious dialogue doesn’t mean that is a hinderance to the progression of what is taking place because it’s a lot bigger than two countries. It’s a global issue…
We have a lot of geopolitical information coming out. The news is really back and forth. I like to focus on the progress…Sudani, Sami, Alaq have addressed long-standing structural issues and challenges. They’ve reduced oil dependency and they’ve created financial stability and they fostered sustainable growth…They’ve been focused on… economic diversification…non-oil revenue streams.
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Boots-On-The-Ground Guru Maxis
I just spoke with my staff in Baghdad and half of my staff has been sent home for a couple of weeks.
Question:
“Are you still in the states? Any plans on going back?“
I am considered essential so I am going back on the 17th…
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Clare (KTFA)
Article:
“After 19 days, a financial shift directly affects Iraqis’ pockets”
Quote:
“Ninteen days separate Iraq from implementing a ban on cash payments in government institutions and adopting all government payments electronically…The Iraqi government has decided to ban cash payments at government institutions starting next July, and to adopt all government payments electronically. In this effort, awareness campaigns have been launched to encourage the adoption of electronic payment systems and move away from the traditional cash-based culture.”
Article:
“Government advisor: The Iraqi dinar is stable, but the parallel market is witnessing a significant decline in the value of the dollar.”
Quote:
“Salih, confirmed that the Iraqi dinar is witnessing remarkable stability, noting that the stability of the exchange rate represents an important indicator in financing the demand for external transfers for trade purposes at a fixed and stable rate.”
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Fnu Lnu
Article:
“Iraq is embarking on a comprehensive restructuring of its banking sector with the assistance of leading international consultancy firms, according to Dr Salih Salman, Advisor to the Iraqi Prime Minister, speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London on Tuesday.”
Quote:
“The Iraqi government has appointed Ernst & Young to restructure six of the country’s seven state-owned banks, including the Industrial Bank, Real Estate Bank, Rafidain Bank, and Rasheed Bank.”
Here we have PROOF POSITIVE with NO EXCEPTIONS that the RV is NOT happening this year. Banking reforms are going to take 2-3 years.
Article:
“The Iraqi private sector confronts significant obstacles that must be addressed to unlock the country’s economic potential, according to Professor Frank Gunter of Lehigh University, speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London recently.”
This clarifies my analysis that Iraq is simply not ready for monetary policy changes or economic revamping. There will not be an RV any time soon but it will happen. All the Annual Financial Reports I have read (84 pages) say exactly what professor Frank Gunter says in his address to the IBBC crowd.
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Samson (KTFA)
Article:
“AL-NUSAIRI: THE CENTRAL BANK’S POLICIES AND PROCEDURES HAVE CONTRIBUTED TO NARROWING THE GAP BETWEEN THE PARALLEL AND OFFICIAL EXCHANGE RATES”
Quote:
“Economic and banking advisor Samir Al-Nusairi expects the US dollar exchange rate to gradually decline to approach the official exchange rate…”
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Walkingstick (KTFA)
Iraqi banks are mirroring our banks in the United States. IMO these International standards are not for 1310. They’re not. It makes no sense. That’s why 1310 has become silent. It doesn’t make sense internationally. It doesn’t make sense logically. There has to be a new rate…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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