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Dinarland Highlights – 3.9.26
Ariel
The narrative that banks are being prepared for a significant event is not new. Several individuals have come forward sharing their experiences from private meetings with bank management, where they’ve been told that banks are gearing up for a major change…The prospect of a currency revaluation, starting with Iraq, has significant implications for the global economy. It suggests a shift in the balance of power, with Iraq potentially emerging as a major player in the region. As the situation continues to unfold, it’s clear that security and stability will be crucial in determining the outcome…As the world watches with bated breath, one thing is clear: the currency revaluation is coming, and Iraq is likely to be at the forefront of this change.
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Bruce (The Big Call)
[via WiserNow]
Rates are up on bank screens, and some of them are being blocked out on redemption center screens. But it’s all good. I can tell you. It’s all good, we’re all going to be very pleased, with everything that’s there…
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MarkZ
[via PDK]
Question: Mark, have you seen the VND rate on WISE? It says $2.80 vnd rate to $1 US dollar.
MarkZ: …I can tell you that this rate is one I have heard a lot lately and some expect the dong to come out at the rate. It is highly possible.
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Jeff
I want you to realize how close you are to the rate change. When you look at this more from the angle of what they’re doing versus what they tell you, you can see how close you are to the timing of the rate change. When the war ends, they can quickly form the government…After the president is done and voted in there’s only three pieces left. Announcing the prime minister, the prime minister completing his cabinet and then a final parliamentary vote and approval on his cabinet…If they extend Sudani’s term you get all three final remaining steps done which would allow them to potentially revalue in the remaining month of March.
When the US/Iran tensions started increasing, escalating that’s when out of nowhere Iraq had to introduce a delay because they’re not ready to go international until the US/Iran war is done. Because Trump made it very clear that he will not tolerate Iranian influence within Iraq. So you’re seeing a delay…Once the war ends, they can form the government… leading to the rate change and going international.
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Clare (KTFA)
Article:
“Bloomberg: Iraqi oil production has collapsed by about 60% due to the war”
Quote:
“Bloomberg noted that Iraqi oil production has fallen to 1.7 million barrels per day”
Article:
“Iraq and the risks of closing the Strait of Hormuz: financial repercussions and strategic options”
Quote:
“…A decline in oil revenues…could impact Iraq’s foreign currency reserves at the Central Bank of Iraq, estimated at approximately $110-115 billion. The government might be forced to draw on these reserves to cover current expenditures and maintain the stability of the dinar’s exchange rate.”
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We have collateral damage here in our country from where they were trying to strike American foreign workers in our hotels and in our businesses and also in our refineries. You got a lot of people there. It’s very hectic. We’ve been told it’s going to go on for a long time. Everybody is stockpiling food. That’s the situation here.
FRANK: The war is a serious situation…I disagree when they tell you this campaign is going to last a very long time. Oh, hell no. But the time it’s going to take will be a nightmare for you Iraqis…Trump knows exactly what he’s doing…
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Fnu Lnu
Approximately 3 million barrels of oil will go off line today. Oil is now approximately $100 per barrel…Hormuz is now closed for all practical purposes. Oil tankers are now escorted by the US Navy and still, only one ship has passed in the last 24 hours. Many other commodities are moving through Hormuz as much more than oil is vital to the world. Iraq has also been hit with missiles over the week end. This conflict is not going to be short lived. The downstream effects are incalculable. I don’t know about you but this is not my definition of economic security or stability. Iraq is in the middle of a world wide possible crisis unless Trump makes a decisive move very soon. The RV is on the back burner now…
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MilitiaMan
As for the comments by the IRG that Hormuz is closed. It was recently but not totally. Traffic has been reduced for commercial tankers, yeah sure. That is presently being addressed as US naval operations are in place to get things more active. Insurance issues have been taken care of…Long-term closure is highly unlikely for the Strait of Hormuz.
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Steve
I don’t think people realize how critical the current oil market is tied to the value of the currency of Iraq. As of today, crude oil futures are about $106 per barrel…A little over a week ago oil was trading at about $67 per barrel of oil. That’s a significant increase. We’re probably going to see gas prices…close to $4.00 a gallon this week, maybe even higher. Even though that sucks…this is a very positive thing for the possible revaluation of the Iraq dinar…Higher oil prices are super super important for the backing of the currency we are all speculating is going to revalue…Iraq is #5…oil producing counties in the world…As oil prices increase, do does the Iraqi reserves…Oil is skyrocketing.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
https://www.dinarguru.com
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