Dinarland Highlights – 4.2.26
Bruce (The Big Call)
[via WiserNow]
President Trump had said he would like for this to go by the end of March…unfortunately, he did not get his wish on that. We have not received the 800 number. We have not received the go from the military to do this. But hopefully, what we’re hearing, which is not a whole lot…what we’re hearing is coming from about three or four different sources …that we’re looking at Thursday, April 2nd… as a kickoff for us… we would receive our emails with the toll free numbers…set our appointments and begin to go for exchanges…and this is pretty strong, high up sources.
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MarkZ
[via PDK]
Comment: I am hoping this is our week…
MarkZ: I am still hopeful for Easter weekend.
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Clare (KTFA)
Article:
“An American institute: The T------------------n does not support the Sudanese president, and his continued rule will make him an adversary of Washington”
Quote:
“The middle East Institute concluded that outgoing Iraqi Prime Minister Mohammed Shia al-Sudani is no longer the preferred candidate of the United States because he is “doubling down on his bets” on Iran and has not curbed the militias…The report concluded that Washington now realizes that al-Sudani is no longer necessary, and has a preferred candidate to succeed him.”
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Steve
A lot of naysayers…when it comes to the dinar is say, their money supply is too high. I don’t look at just the money supply. I look at how Iraq has been managing the money supply over these years. That is key. They are having these currency auctions every single week for the last 20 years to pull in as many physical dinar notes as possible. Why have they been going through the trouble of doing that when they could have just redenominated their currency years ago if that was truly the plan? They haven’t. I believe there’s a very important reason for that.
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Reset Intelligence
Iraq has nearly $100 billion in foreign reserves. Oil is at $114 against a $70 budget assumption. And they are choosing to run on emergency month-to-month spending. No country sits on that kind of surplus and starves its own budget unless it is waiting for a number that has not been published yet.
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Sandy Ingram
The CBI can’t do anything until it controls the bank notes…One approach other countries have taken or is doing or has done is to create a new currency and require the old money to be exchanged for the new to participate in the economy. Meaning, if you don’t exchange your old IQD…you’re not going to be able to buy…food. It is these factors [we] are watching closely to understand what Iraq might do next.
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Fnu Lnu
The IQD inside Iraq is allegedly in mattresses and Iraqis refuse to deposit it in the banks. Why would they? BUT…Here is how Iraq will work it out with no stress. The currency will be redenominated and the “NEW” currency will not be spent outside the country nor will it be exported for any reason. The citizens will be given an ultimatum, bring your IQD in to the bank and exchange it for the new redenominated currency or it will be worthless in 30 days. They will bring in their currency guaranteed. Problem solved. This has nothing to do with IQD outside the country.
Per United Nations rules, a country cannot walk away from its currency. A 25,000 IQD note will have its zeros in tact. After the in-country IQD are all brought in for exchange via the deadline, they are free to revalue the currency as all notes will be accounted for. Let’s use the number 3 for example. In-country, those 25,000 dinar notes will be 25 dinar notes and will have a USD value of $75 dollars. (25 X $3.00=$75) . Outside the country, a 25,000 note will then be worth $75,000.00 ($3.00 X 25,000=$75,000.00). At this same time, a digital IQD will be used for all cross-border payments thus forcing all paper currency to stay in Iraq’s borders. Everyone wins since the USA has an estimated 35 trillion IQD they received in currency swaps when we gave them USD in exchange for IQD at the rate of 4000 IQD to 1 USD, to bail them out of financial straights. WIN – WIN – WIN!!!
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MilitiaMan
They’re going to be able to defend their real effective exchange rate because they’re going to have all those $16 trillion worth of assets they can tap into over time…
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Samson
Article:
“As confirmed, Iraqi oil announces the start of overland exports via Syria”
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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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