Dinarland Highlights – 8.3.25
Mountain Goat
Article:
“AL-HARKI: THE OIL AGREEMENT BETWEEN BAGHDAD AND ERBIL IS A STEP TOWARDS ENACTING THE OIL AND GAS LAW.”
Quote:
“The recent agreement between the federal government and the regional government is a positive interim step, but it constitutes a real beginning to strengthen trust between the two sides, and paves the way for the approval of the oil and gas law that has been postponed for nearly two decades.”
Bottom line is let’s keep our fingers crossed that they can actually get a sound Oil and Gas Law passed into law in Parliament and do it very soon.
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MarkZ
[via PDK]
Article:
“Prime Minister: Baiji will be an important oil and industrial city that represents one of the pillars of the Iraqi economy”
They are currently still rebuilding their infrastructure. Part of the “White Paper” reforms so they can lift their purchasing power. This will be a big boom to their economy as they will be selling finished products …not just oil.
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Frank26 (KTFA)
Right now they’re training the banks of Iraq, their employees, on how to deal with counterfeiting and smuggling…for the security and stability of their monetary reform. But they’re to using the 3-zero notes to train them with? …This pattern is one that you have to respect…There’s no crime against that currency because that currency won’t exist. So what are you using, the lower notes? No, they don’t want to show the lower notes just yet. They’re going to do the lower notes and exchange rate at pretty much the same time…
We’re waiting for a platform that’s going to give us a return for our investment whereas the Iraqi citizens are looking for a platform that is going to give them purchasing power…
Question:
“How long will we have to exchange?”
That’s up to the CBI but we still have 3 zero notes. It can be null and void within a specific amount of time but I think they’re going to give them at least a year or maybe more.
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Sandy Ingram
Article:
“Iraqi official denies mice and rats ate country’s cash reserves”
Some websites claimed rats and mice have eaten 62 trillion dinars of Iraqi cash…62 trillion dinars is the equivalent of $47 billion…The report follows several other Iraqi Arab news reports about the a---------s that mice and rats have been eating the country’s cash reserves… One report on July 22nd has over 400,000 view on X (Formerly known as Twitter) and says there is a breach in the money storage facilities that let to the destruction of 62 trillion dinars due to rodents…[We] smell a rat…
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Clare (KTFA)
Article:
“Among them is the economic contraction.. An expert reveals the reasons behind the decline in the exchange rate.”
Quote:
“The Central Bank of Iraq withdrew a portion of the dinar money supply from the market, creating a double demand for the Iraqi dinar against the dollar. This balance in demand levels between the two currencies helped boost the value of the dinar and raise its exchange rate against the dollar on the parallel market.”
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MilitiaMan
Interesting enough on the same day that [huge oil] ship kicked out of [the new] port, the United States reduces tariffs on Iraq from 39% to 35%…Is this symbolic? Yeah. But in the scheme of things, into the future when they adjust a real effective exchange rate 35% is going to be nothing. It really won’t be.
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Bruce (The Big Call)
[via WiserNow]
We understood that there was, and may still be, a rate on the dinar at banks. And I’ve heard what it is. I haven’t seen 10, but I’ve seen a little over nine at the bank. Now we also heard that we know that there is a contract rate at the redemption centers that is not available at the banks and never will be – the redemption centers had the deal that President Trump put in place so that Dinar holders could get a very high value. And I mentioned that it was approximately 9 times higher than the bank rate that was out there as of Tuesday, that was around 10 and I said this rate that we know, and it was a little bit over nine times that rate at the redemption center.
I wanted to clarify the reason to use the toll free number when we get it and call to set up your appointment for the redemption center… you’re going to be so much better off with the rates. We’re hearing it’s supposed to adjust…when the Forex reopens again… Sunday at 5pm Eastern… we are understanding from our…sources, that we’re going to have a new rate on the dinar after the Forex reopens…We probably won’t know about it until Monday, and would be reflected at Banks – they would have a rate and redemption centers would have a rate, just a normal front screen rate…I’m told that we should…call the call center to set up our appointment starting Monday afternoon…
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Fnu Lnu
Trump IS NOT pressuring anyone over their currency exchange rates. There is no such thing as a GCR, NESARA, GESARA, or Jubilee. This is a wild departure from what he is actually doing, which is, leveling out the playing field when it comes to tariffs. He is no longer giving away access to the worlds best consumer block. If you want to play, be prepared to pay.
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Pimpy
I know everybody wants, ‘Oh, Pimpy, we want to be millionaires.’ You better hope and pray they don’t delete the zeros. That’s the only way it’s going to happen. Do I feel they’re going to do that? IMO, no…I hope they keep the zeros on there…Let’s hope that happens… Realistically they’re going to delete the zeros and revalue. What we want to happen is they don’t delete the zeros and then revalue.
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Samson (KTFA)
Article:
“Iraq is ranked 51st globally and fifth in the Arab world among the largest exporting countries in the world.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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