Dinarland Highlights – 3.23.26
Bruce (The Big Call)
[via WiserNow]
…Monday is 23rd and 24th is Tuesday of this month…One of those two days is supposed to be when the email notifications are triggered. To go out…My gut is, if it’s between those two days, will probably happen on Tuesday…redemption center leaders, people in the know are getting emails from Treasury talking about the 24th and 25th, Tuesday, Wednesday, meaning notifications…exchange to start Wednesday now one individual is suggesting Tuesday, Wednesday, Thursday, 24th, 25th, 26, the others are saying, 24th 25th Tuesday, Wednesday…
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Mountain Goat
…the Coordination Framework (an Iranian supported group) does not want al-Sudani as the next prime minister… He is bucking their control over Iraq. He wants Iraq to succeed while these others want status quo of an Iranian proxy puppet state. They liked the way it was and want the money to keep flowing. But if al-Sudani can get to the reinstatement their Iranian dream of a permanent Iraqi puppet state ends…But they may have to take al-Sudani as their candidate anyhow and this is the challenge that is going on. This is a pivotal point in Iraqi history…Can they break this Iranian stronghold in the politics of Iran? …With al-Sudani running the government and president Trump supporting him, this is about the only way we are going to see the reinstatement any time soon…
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Jeff
150+ laws, which [includes] the HCL, all come after the rate change. All those laws have been waiting for the rate to change. Don’t let any other [gurus] confuse you by telling you when you see the HCL, you’ll see the rate change. The rate change comes first, then the HCL. That’s why they keep talking about the HCL because it’s waiting for the rate to change.
What you should care about when you ask about Iraq’s money supply…is how much dinar remains within the country of Iraq and how much dinar is outside of Iraq held by either investors or foreign countries. Because the central bank of Iraq does not care about money outside of Iraq…It can only be used as an asset backing tool under Basil III compliance towards the value of that country’s currency...The amount of currency remaining within the country of Iraq is around 15 to 30 trillion Iraq dinar. When they delete the zeros phasing out the large 3 zeros notes that will transition down to around 15 to 30 billion Iraq dinar remaining in the country.
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MilitiaMan
I know the headlines are loud right now. The regional conflict is heating up. Hormuz risks. Oil price jumping around …$112. It’s easy to feel the way all of us are feeling…But I think from what we are seeing, there should be no panic. I know there’s frustration…In my view Iraq is insulated from what’s taking place in the region. The system has been holding firm. The progress…is still moving forward…The security blanket is strong and holding. The US has been crystal clear Iraq will not be pulled into the fighting… Their borders are secure…The conflict is serious. I’m not discounting that. But Iraq is not in the line of fire…That’s why the economic side can keep running…They keep moving forward…
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Sandy Ingram
Let me explain what’s really going to on with the Iraqi dinar right now because a lot of people are pointing fingers at the Central Bank of Iraq. The bank is saying, ‘Hold on. This isn’t on us.’ Here’s the situation. The dinar has been looking weak lately, especially when you compare the official exchange rate to what people are paying on the streets of Iraq for the US dollars. I know they are not supposed to be using dollars but they are. That gap between the official rate and the market rate has been growing… People want to know who’s responsible…The Central Bank of Iraq says the problem isn’t caused by the bank’s policy. Instead, they believe the pressure on the dinar is coming from…political tension, trade issues and demand for dollars inside of Iraq.
In other words, the bank is saying the currency isn’t sliding because of what they’re doing but because of what’s happening in the wider economy. They’re also pointing out that when people rush to buy dollars, whether for imports, savings or fear, that creates a shortage of dollars locally. When dollars get scarce, price goes up on the street which makes their dinar look weaker, even if the official rate hasn’t changed. From the CBI’s POV, the exchange rate gap isn’t proof of policy failure, it is a supply and demand issue plus market psychology. When people lose confidence or expect trouble they grab dollars…We appreciate the CBI explaining this…
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Paulette (KTFA)
While the Oil and Gas Law is not the HCL, it certainly paves the way for the full HCL…I have not seen any statements made to move the HCL forward. The only HCL before Parliament was passed and sent to Parliament by Maliki’s COM back in 2007. This was so contentious it never even came up for a First Reading. There is no way a full HCL can even be entertained until the Baghdad/Kurd Oil and Gas Law is resolved and passed. Ultimately, as a full HCL relates to any payments to the citizens would be irrelevant until Iraq finds a way to function with a surplus.
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MarkZ
[via PDK]
Comment: This Iran conflict would be great cover for the RV.
MarkZ: It would be the perfect cover…no one would be paying attention except for us. I think a lot happened over the weekend…and news will filter out through the week.
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Frank26 (KTFA)
The war with Iran, I’m looking beyond that…I really think in a couple of weeks this campaign will be done on our behalf.
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Samson
Article 1:
“Jarra: We expect to market more than 4 million tons of wheat during the current year”
Article 2:
“AGRICULTURE: WE HAVE ACHIEVED SELF-SUFFICIENCY, AND MANY CROPS AND EXPORT SOURCE PLUS”
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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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