Dinarland Highlights – 8.24.25
MarkZ
[via PDK]
Article:
“An Economist expects the next government to change the exchange rate of the dollar”
He explains the reasons. These types of stories started running in the days before the Kuwaiti Revaluation.
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Clare (KTFA)
Article:
“Minister of Trade Athir Dawood Al-Ghurairi announced that Iraq has completed the technical files required to join the World Trade Organization (WTO) after two decades of challenges.”
THEY ARE READY TO BECOME FULL MEMBERS NOW!… NO ONE KNOWS WHEN BECAUSE THEY HAVE NOT TOLD US YET. WE SHALL SEE, BUT DEFINITELY NOT AT 1310….IMO
Article:
“Al-Sudani’s advisor: Iraq’s external debt is at its lowest level in history, not exceeding 10% of GDP”
Quote:
“Saleh, revealed that external public debt in all its forms is at its lowest level in the history of public finance…The Iraqi economy is one of the most cash-generating economies…”
Article:
“Syria removes two zeros from its currency and changes its shape”
Quote:
“Seven informed sources said that Syria will issue new banknotes and remove two zeros from its currency in an attempt to restore confidence in the pound, which has suffered a sharp decline in value…In an effort to facilitate transactions and improve monetary stability, the Central Bank of Syria informed private banks in mid-August that it intends to issue a new currency by “removing zeros,” according to a document seen by Reuters.”
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Frank26 (KTFA)
The new exchange rate cannot come out at 1310…because when Iraq signed the Paris Club Agreement…in 2003 the countries of the Paris Accord Agreement Club decided…to forgive the debt of Iraq up to 80% under one condition, that when they came back to the international community their currency would have at least a value of one American dollar. This is in print. This is in the writing of the Paris Club Agreement. That is why I sleep with a smile on my face every night…These are historical days. The new exchange rate is here and the WTO is hinting at that.
When you go to the IMF website, I hope it still says it, it says the Iraqi dinar is going through a revaluation …That was impressive…for them to come out and actually say that Iraq is going through a revaluation of their currency…It’s no secret…XE is a trusted site…XE says, NOTICE: IQD may be redenominating…It’s no secret.
They extended the 31st [Iraqi bank reform deadline]. Really? …So it’s 50/50…You can look at this as, this is really good. Or you can look at this as a disaster. Me, I give you what I feel Deep sincerely in my heart, this is good…I was looking from the 4th of August until the 31st of August but now my president has extended it…
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MilitiaMan
Article:
“Al-Sudani stresses the importance of expanding the scope of work with the American company Halliburton”
The association with a company this large, as Halliburton is, like it or not shows Iraq has the capacity, credibility, a state of stability, and focus based off results in its monetary reforms to attract global investment at the highest global levels. What we can see is a collective commitment from Iraq to be able to integrate into the international markets.
Article quote:
“Iraq has completed the technical files to join the World Trade Organization”
Two decades they’ve been working on that…Got to remember too is, a lot of these things are going to take place after the fact once Iraq has a real effective exchange rate…I think the WTO is going to be a component of after the fact…
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Nader From The Mid East
Article:
“Iraqi President Abdul Latif Rashid has expressed support for measures to strengthen the Iraqi dinar, including backing the Central Bank’s efforts to raise its exchange rate…”
This article will tell you everything, everything and everything. The president of Iraq, not Al-Sudani, the president come out and talk about the dinar. He said he wants to straight up the dinar, straight up the exchange rate, straight up the banking system…financial system…This will tell you everything…Good one.
They are reducing the currency…You should be really excited, very excited when you saw that…Last summer we were talking about it was 167 trillion dinar in the streets. Yesterday they come out with the article, we reduce our currency it’s only 97 from 103…It’s exciting.
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Fnu Lnu
Article:
“Oliver Wyman, a US-based consulting firm, is actively involved in Iraq’s banking sector reform…This reform is a critical step towards Iraq’s integration into the global financial system, which is seen as a prerequisite for any significant change in the value of the Iraqi dinar…“
Since I brought Oliver Wyman into the conversation a few months ago, many quickly latched onto the name and have been throwing it around without the necessary basic facts. O.W. clearly states that a future revaluation is NOT expected to happen this year without significant external intervention. As Joe Friday used to say on Dragnet, “Just the facts Ma’am.”
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Pimpy
Article:
“Iraq completed the technical files to join the World Trade Organization”
You will hear people out there going, ‘Look, they’re almost done and they’re about to become members.‘ First of all, they’re already members. Second, they have a little bit ways to go. I just don’t want anybody out there jumping a gun. Being a member of the World Trade Organization is a big plus for Iraq. This is a big step for them. Iraq just needs to keep pushing forward…
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Jeff
It strongly looks as though [Iraq] has everything economically leading up to the rate change and the new budget period, time to wrap everything up during Sudani’s term as prime minister, finishing everything when his term ends and then get into the e-------s. The timing of everything is precision.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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