Dinarland Highlights – 2.22.26
MarkZ
[via PDK]
Ramadan:…don’t worry…they have revalued during Ramadan before. I think Kuwait revalued during Ramadan.
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Jeff
You’ve got to retrace your steps in this. What brought the value of the dinar down in 2003? It’s called US sanctions. Right now the only remaining sanctions on Iraq are the US Treasury OFAC sanctions. So, if sanctions automatically brought the value of the the dinar down, what happens when you take sanctions off? …Wouldn’t that suggest it maybe reinstates, putting it back in the $3+ range? …You take the US OFAC sanctions off, it puts it back to $3.22…
The formation of the government is the lynch pin to Iraq revaluing and getting back on the international world stage…
Phase 1: Resolve president and government formation.
Phase 2: The rate change.
Phase 3: Accelerate legislative and economic reform e*******n, deeper trade and financial integration.
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Pimpy
If I’m looking at percentage wise about who’s going to be the PM, I’m looking at something like 15% chance Sudani will be the PM. 85% change Maliki is going to be it. I said this before, just because Trump doesn’t like Maliki and he’s making all kinds of threats to Iraq over Maliki become the prime minister doesn’t mean Trump won’t negotiate and work with Maliki. He’s done it before with people he doesn’t agree with… adversaries…so-called enemies…So as big of a snake as Maliki is, as much as Trump don’t give a s**t who you are as long as you’re willing to work with him, I’m saying there’s always a possibility you’ll see Maliki there as prime minister for a 3rd d**n term.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: On the television it is showing the CBI is sending to all the banks inside Iraq and financial institutions a memo that says, ‘Do not discriminate against any older or new denominations of the American US dollar when they are exchanging dinar.’
FRANK: IMO I think it’s just a preparation to tell the citizens of Iraq we’ve got a new rate coming and when you get it you got to bring in those 3 zero notes… those American dollars you’re still using…and any other foreign currency… Because when it happens… you are going to pour into the banks… The moment this happens it’s going to be insanity, it’s going to be an amazing influx of people that are all over our banks. They want the lower notes…This is very good news.
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Sandy Ingram
We have a major subject to discuss today…Why the US still controls Iraq’s dollar pipeline…Understanding this system is essential for anyone watching the Iraqi dinar…Iraq’s oil is priced in US dollars…When buyers pay for Iraqi crude, these dollars…are deposited into an account belonging to the Central Bank of Iraq held at the Federal Reserve Bank of New York…Iraq can request access to its dollars but it cannot move them freely without meeting US regulatory standards…The United States can slow, block or restrict access…We’re talking about over $100 billion. Iraq is a little bit wealthy! Because of this dependency…Iraq’s sovereignty is only partial…Iran keeps whispering in Iraq’s ears that they’re not free…Part of making sure that nobody tried to sue, blackmail, strong-arm them the US put the money in the US Federal Reserve…
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MilitiaMan
Iraq’s oil revenues that were deposited with the United States Federal Reserve in New York has resurfaced. A lot of people have been talking about it…Is it important? Sure, it is. But…It’s protection…It’s a good thing. It’s not a bad thing…This issue dates back to 2003 when the Development Fund for Iraq (DFI) was established… to protect the money from lawsuits related to a period before the fall of the previous regime… The remaining debts approximately $40 billion owed to 46 countries… Legal constraints could expose these assets to seizure if they were to fall outside the preview of Unites States law…The DFI protections provide security and stability. None of that has changed.
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Samson
Article:
“OIL PRICES SURGE DURING THE WEEK … BRENT CRUDE BREAKS THROUGH THE $71 BARRIER [Barrel? Likely translation glitch]”
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
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