Dinarland Highlights – 2.5.26
Bruce (The Big Call)
[via WiserNow]
So what are we hearing? Notifications …Thursday, and…supposed to have all the rates on the screen…show up on Thursday morning on banks and redemption centers so that, it’s quite conceivable that we can get notified…Thursday morning…
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Mountain Goat
This Iraqi dinar reinstatement is not a revaluation…The rate only changes to something we all want when it is reinstated. We call it the RV for short because the rate will jump from artificially suppressed rate (1320) to the nominal rate ($4+) since it will have to change accordingly with the new peg. This is a very straight redenomination process, unlike other redenominations done in many other countries…as Iraq won’t be facing hyperinflation and resetting their currency to combat this inflation. But rather resetting to get back to pre-sanction era days (1991). It will be a resetting so they can reinstate the currency at a much higher rate…
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MarkZ
[via PDK]
Question: So with Iraq being seemingly postponed for now – Why couldn’t Vietnam just RV now?
MarkZ: They will go at the same time…they are intertwined and it would crush their treasuries to go separately …that is how it was told to me by someone who works in the Finance Ministry in Iraq.
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Frank26 (KTFA)
Question:
“Is it a remote possibility that Mark Savaya could be named Prime Minister?”
Mark is Iraqi…It should be Mark Savaya. I don’t know if it’s going to be…My teams feel that of all the people we can consider, Mark Savaya would be the right one especially IOO Donald Trump groomed Mark for what is happening in Iraq as we speak…I think [Iraqis] would accept him with open arms because they know him. They know him well. Trump is smart. He puts the right people in the right places.
Question:
“After the event and the people flood the banks, will that cause the value to drop?”
No, the opposite. That’s financial friction. Anytime you move, buy, sell, trade with a currency, it only adds value to it. It adds credibility to it, more people use it. It’s called supply and demand. That draws the value upward.
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Jeff
The overall e-------s right now…they’re not telling you the truth…They’re saying Maliki’s in, Maliki’s out, Sudani’s still in running, Sudani’s out. They’re all over the board right now…We have to give it time and be patient…because the rate is not going to change till after the government is formed.
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MilitiaMan
This is the e-------n phase of the private sector. It is the backbone of the strategy. The gatekeepers are pleased… World Bank, IFC doesn’t move…unless the IM, BIS, and the US Treasury are on board. Their risk teams have done the homework. Reserves are strong, inflation crushed, digital infrastructure is live…political continuity likely. This is measured endorsement in action…Gatekeepers are scaling up when reforms prove real…They’re ready to go…Now the money is flowing…This is reality. Iraq’s future is bright. Gatekeepers are pleased.
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Samson
Article:
“FORBES REVEALS A SURPRISE: ANBAR SITS ATOP A BILLION TONS OF THE WORLD’S RAREST SYNTHETIC DIAMONDS”
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Walkingstick (KTFA)
As soon as the new exchange rate is released the United States of America is going to pour billions if not trillions of dollars into Iraq. The fiancé is soon to become our bride…
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Clare (KTFA)
Article:
“Forbes reveals a surprise: Anbar sits atop a billion tons of the world’s rarest synthetic diamonds”
Quote:
“Forbes… revealed one of the biggest geological surprises in the Middle East… Explorations have proven the existence of silica with a purity ranging between 98% and 99%, which makes the Iraqi site one of the most important sources of rare resources globally…Experts point out that Iraq has the highest known reserves in the region…If Iraq succeeds in this, silica could be the first practical step in the path of diversifying the national economy.”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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