Dinarland Highlights – 3.10.26
Mountain Goat
The RV…will NOT happen until the issues with Iran are settled, per my CBI contact…We know this wealth transfer is coming and the RV is part of it…
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MarkZ
[via PDK]
Lots of chatter in the Iraqi press over Sudani and what his second term could look like. Almost feels like they are putting the stamp of approval on that.
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MilitiaMan
Article quote:
“The US President warned January 27th if Maliki is reelected, America will no longer provide aid to Iraq.”
Everybody in the whole country realizes that whatever aid they get and how important it may be that if the people [Parliament] decide to do it. Remember the people [citizens] voted for Al-Sudani in bulk, not Maliki…
Article quote:
“…The ongoing work like non-oil diversification, digital payments, banking modernization and the currency unification progress that are already mitigating oil dependency.”
[Saleh] has confidence Iraq has the ability to adapt…
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Jeff
Article Quote:
“The goal is to reduce dependence on oil revenues which currently dominate the national budget”
Remember that is a World Trade requirement for Iraq, to have more than one revenue stream…They’ve got to have taxes…tourism…exports…All of this is required World Trade step to join…We’ve got to see the war end. We’ve got to see Iraq finish the formation of the government…It can finish and form very quick and it can all happen in March…
When you study this from pure actions, for what they’re doing versus what they’re telling you, you can clearly see you are very close to your rate change. That’s because the government formation is the lynch pin to the rate change.
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Sandy Ingram
The IQD is holding strong at 1390 to $1. However Iraq’s oil production is collapsing…This is a global crisis. Oil prices are moving to and above $100 per barrel…Oil production from Iraq’s major southern fields have collapsed by about 70%…The ongoing conflict in the region has blocked oil shipments through the Strait of Hormuz... Without that shipping route Iraqi Crude has nowhere to go…This is a mess. I have no doubt this is going to affect Iraq’s economy seriously if the conflict doesn’t come to an end soon.
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Frank26 (KTFA)
I feel very good. I feel very much at easy, very comfortable in what I’m seeing. Many on the internet are thinking we have to wait until this war is over with. No. The reason I don’t feel that way is because I feel this government is being formed. And when they form the government, the next step is, ‘Are you still going to play that game? Are you going to leave it at 1310 and drain your reserves or are you going to continue…to obey Donald Trump the way you’ve been doing?‘ Because if you are…the first thing on the agenda is what is going to make the rest of the budget work, a new rate. If they don’t change the rate, you can’t do the budget…
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Steve
Iraq’s ability to revalue the Iraqi dinar at a decent rate comes down to a few things…their money supply, natural resources and reserves. If they’re able to make substantially more money from oil, then guess what that means? They would be able to back their currency at a higher rate which is something all of us are speculating on…Higher oil prices for us is actually a good thing. I know I sounds counterproductive…higher oil prices means higher gas prices…The US economy is going to be feeling this in the very very short term…I’ve always felt deep down that before Iraq revalued the Iraqi dinar…oil prices were going to skyrocket…
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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