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Dinarland Highlights – 9.9.25
MarkZ
[via PDK]
Question: So should we go to banks or redemption centers to exchange? Redemption centers are “redeeming banks” that are specially trained to exchange foreign currencies and take care of us all…
In Iraq:
“Iraq’s non-oil revenues jumps to 7 trillion dinars thanks to reforms”
This has been a big success….
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Frank26 (KTFA)
We keep saying everything is set up for the new rate to come out and the e-wallet is just another example of that…They can go in their country, they can go out of their country. They couldn’t do that before. Why is it they can go in their country and they can go out of their country at lightening speed? …at 1310? Pshaw…
I don’t see the exchange rate I want yet, but I know what it’s doing…I believe it’s going to be maybe starting at about $1.15 to maybe $3.22 and then it’s going to float to about maybe $4.25 when they finally cap it. I know you’re looking for $6.00 but that’s too much. This is of course simply my opinion of the float…
Nobody knows the date or the rate. We just know they’re about to make a change in their exchange rate because of all the articles they’re putting out that keep bragging about it. For me that’s enough to sleep peacefully every night.
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MilitiaMan
These guys have 150 billion barrels of oil. They’re talking about artificial intelligence is going to need that…The energy that’s needed is really going to be required to be able to take care of people if they want to have artificial intelligence…medicines, pharmaceuticals …sadly plastics…cars, everything you make is a derivative. Is it going away? No. This planet is going to keep growing.
The news that has been out from Iraq the last couple weeks has been phenomenal. You’ve heard my theme about integration into the global financial system…That’s exactly what I see happening. In 15 years I don’t think I’ve ever seen the level of progress…that is coming out of Iraq in the news.
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Pimpy
Iraq has…got to find a way to generate some non-oil revenue because they’re really hurting. This is why when I say, ‘No, their currency is not stable. No their economy is not stable.’ And they go, ‘What do you mean Pimpy it says it’s great?‘ No. The fact they are relying so much on the sale of oil really affects the overall value of the Iraqi dinar especially if you keep running deficits. That’s what you don’t want to see…Nobody is going to tell you this stuff but it’s the stuff you should be paying attention to. It gives you an idea on what direction Iraq is running in order for us to even consider the idea the Iraqi dinar might increase in value.
When it’s time to go exchange your Iraqi dinar you just take it into the bank, hand it to the teller to make sure your bills aren’t counterfeit. They’re going to tell you right then and there what the exchange rate is and how much money you got in US dollars if you choose to make that exchange…There’s no perks…Sure they love you as a customer, but just because you’re bringing in Iraqi dinar, nobody gives a s**t at the bank.
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Paulette (KTFA)
[Response to Frank26 1-8-2025 post]
Article quote:
“Article 12 of the budget law specifically stipulates the allocation of $16 per barrel to cover extraction and transportation costs.”
This is why I am always confused when Frank says Sudani is hiding 12-2C from Parliament. Parliament passed 12-2C on 2/2/25 so they would of had to see it in order to pass it…Perhaps it was like Pelosi said about ObamaCare…”We have to pass it in order to see what’s in it“…The world saw at least that 12-2C was about the $16 USD per barrel for extraction costs. Now we see the final issue was the shipping costs and it appears this has been resolved.
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Samson (KTFA)
Article:
“Al-Sudani’s advisor: The development path will contribute 20% to diversifying the Iraqi economy”
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Clare (KTFA)
Article:
“Al-Sudani’s advisor: Iraq’s non-oil revenues are increasing thanks to reforms”
Quote:
“Non-oil revenues increased from (4*0) billion dinars in the first half of (2023) to (7) trillion and 18 billion dinars in (2024)…Saleh stressed that “the three-year general budget law raised the contribution of non-oil revenues to 20%, in a clear step towards reducing dependence on oil“
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Fnu Lnu
It is important to understand, Iraq is NOT going to swap out the currency…PERIOD. They have clearly stated that they will add lower denominations to the local economy to facilitate trade and commerce but the current currency will remain in circulation FOR TEN YEARS. This is common. The USD still has denominations of $500 USD and $1000 USD but now, they are only used bank to bank as will the three zero IQD notes after 10 years passes. “Swapping Out” the currency will be the last phase of the monetary reform, NOT the first.
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Sandy Ingram
The more Iraq moves on to traceable electronic rails, the easier it is for global partners to say yes to the Iraq dinar…
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Nader From The Mid East
When they come and tell you it’s going to happen this week or this month or this day, nobody knows the date…and nobody will know how much either. They can guess but nobody know the price. I think $3.22…I think $3.22 is fair.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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