Dinarland Highlights – 8.10.25
Mountain Goat
…we must remember that in the midst of the political issues facing Iraq the Central Bank is continuing to move ahead and further its preparation for working yet even more closely with the global financial arena.
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MarkZ
[via PDK]
There is a big clean up going on in Iraq. “Sudani announces the dismissal of 41 directors general and the referral of 4 ministers to the judiciary” These are people in government positions hired to do jobs that they were not doing. Money was disappearing and there was incompetence and c--------n. Sudani is cleaning house…and the timing is pretty important here. There is a mass push from Kurdistan and the government to clean it all up right now. Possibly (I hypothesize) before the reset. There is a sudden concern to clean up every single piece. There are many solid rumors that they just destroyed 62 trillion dinar. And there is a shut down and control of all financial borders that has happened this past week. This is all exciting in my book.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We see the evidence of what the United States is doing right now in Iraq. We saw the evidence of the reforms, but now we see the evidence of your president. He seems to be involved in the things that are being done here in Iraq.
Banks…are being selectively fined and… shutdown. That’s the ones that are still doing i-----l things. This is a very good step for the monetary reform process. Just like the two commanders [sent to judiciary]…they are being dealt with. This is a requirement of the monetary reform process. You remove all the stinking cockroaches that you can just before you pull the trigger.
Unfortunately it doesn’t seem like they’re going to be paying the salaries in order to expose the new exchange rate. But…when they expose the budget 12-2c. That’s too bad because it means the citizens of Iraq are still getting pennies from Sudani’s leadership.
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Fnu Lnu
Iraqi Law Report “The new law authorizes production share agreements (PSAs) which guarantees a profit for foreign oil companies. The language goes as follows; The central government distributes remaining oil revenues throughout the nation on a per capita basis…Iraq’s constitution allows governorates to form a semi-independent regions, fully controlling their own natural resources.” Discussion continually arises on the subject of the HCL (Hydro-Carbon Law) and debate surrounds the issue of the PSA’s. The central government distributes remaining oil revenues throughout the nation on a per capita basis…meaning…per person or by head count.
As usual, the Iraqi syntax is ambiguous…It is easy to understand why people believe the distribution of funds is for “each person”. It may well be but we won’t know until they make such a distribution. Personally, I think way too much importance is placed on the controversial law proposal and doubt it will easily see daylight. It is mainly for the benefit of the foreign oil companies anyway…I will remind you that such disbursements are NOT uncommon and a great example is the profit sharing agreements of Indian Tribes who own casinos, mining operations etc… where each tribal member gets a check representing their share of the profits of their various enterprises.
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Pimpy
Handle Forex is just a token. It converts to 1.58 IQD. That’s the value of the token verse the Iraqi dinar...[Iraq Dinar] is a fixed exchange rate. It is not a free floating currency. It’s not on the Forex.
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Sandy Ingram
If Iraq does not break ties with Iran, they could be punished using their $100 billion in U.S. Federal Reserve Bank as leverage.
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MilitiaMan
Article quote:
“Those who misuse public funds or a---e power face consequences.”
I like that part…If you got c----t stealing $500 billion and were allowed to go for 8 years and then another decade almost…really? It’s incredible…If you claw back $100 billion for instance it goes to support the real effective exchange rate. You do that five time or even more, it [all] goes to the real effective exchange rate…Sudani has been cleaning house. It’s house cleaning time. That’s where people start going to jail. They’re getting tapped on the shoulder for large amounts of money
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Samson (KTFA)
Article:
“Iraq records an increase in the number of airlines wishing to use its airspace.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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