Dinarland Highlights – 4.15.26
Tishwash (TNT)
Article:
“AFP: Maliki’s chances of returning to the premiership are dwindling”
Quote:
“Nouri al-Maliki’s chances of returning to the post of Prime Minister in Baghdad have declined…as political parties began searching for an alternative candidate following the war in the Middle East, from which Iraq has not been spared the repercussions…A source close to Maliki told AFP on Monday that it would be “difficult” for him to assume the post of prime minister in the next phase.”
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Goldilocks
…yes – a rise in VND value is possible… the overall trajectory remains positive for Vietnam’s integration into global markets.
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Mountain Goat
I hope everyone understands what is going on with this e------n cycle. It appears that Iran is trying desperately to hold on to power in Iraq. This comes in the midst of what is now happing in Iran. Their funds are drying up and they desperately need the continued funds from Iraq to survive, if they even can at this point. We also learned the strategy of Iran in that they DO NOT want progress and like the status quo. They do not want the dinar to reinstate as it shuts down many of their c-----t schemes to steal the dollars from Iraq.
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Steve
I’m about to go over some straight up facts that will make the case for what the dinar is severely undervalued and why the rate is going to go much higher in the near future…Iraq is the 8th richest country in the world with a currency that is worth one tenth of a penny… which makes absolutely no sense. Iraq’s neighbor Kuwait has the strongest currency in the entire world at $3.22. Iraq has more oil reserves, more gold, more natural resources…
Start treating this like an actual event. Most investors look at it and say, ‘Oh, someday when it happens.’ But the moment it happens, most people are not going to be prepared. They’re going to make emotional decisions. Most people are probably going to have money they’ve never hand before and they’re going to lose a lot of it because they’re just not going to be wise. They’re not going to have the knowledge that is needed. You could save yourself a lot of money and a lot of headache by doing some preliminary research beforehand.
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Jeff
What should you look for and observe when you go to schedule an exchange to give you the most bang for your buck? A dinar broker may charge a higher commission fee than a bank. I’m not bashing anyone or any brokers…Would I personally go to a broker to exchange? I wouldn’t. I prefer to go to a bank…I bank with one of the largest banks out there…Most large banks have private banks…My bank’s private bank has a minimum to enter in requirement of $10 million…The bank won’t make any money off of me from the angle of the exchange. They have to give me face value for it…They need to give me CBI value for it…They’re going to make a ton more money off of investing my money for me…
That phrase of ‘Delete the zeros’ has nothing to do with the rate itself. What it means to delete the zeros is to get rid of currency notes in circulation with three zeros and take them out of circulation. That’s the whole reason why they got rid of the 50 note and replaced it with a 50,000 note.
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Frank26 (KTFA)
Article:
“The Iraqi banking sector is at a crossroads… either reform or forced merger”
Quote:
“This year could represent a turning point in the history of the Iraqi banking system where the question is no longer whether a change will occur, but how it will occur, when it will occur and at what cost for it.”
They are telling you very plainly we need a new exchange rate…
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Reset Intelligence
Three days after the oath and with the fifteen-day clock still ticking, Mohammed Shia al-Sudani signed off on the Ernst and Young contract that puts Iraq’s two state banks under international audit…The contract covers Rafidain Bank and Rasheed Bank. Not advisory. Not exploratory. Final-stage audit and monitoring of the full restructuring programme… The two banks every future budget, every HCL transfer, and every new exchange rate will have to move through.
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Clare (KTFA)
Article:
“Washington Times: The T------------------n views Sudani as a balanced option despite the turbulent regional environment and internal situation in Iraq”
Quote:
“the Washington Times suggested that caretaker Prime Minister Mohammed Shia al-Sudani represents a reliable option for the United States amid escalating tensions with Iran, noting that maintaining stability in Baghdad has become a strategic priority for Washington.”
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MilitiaMan
Back in 2007 the Central Bank of Kuwait repeatedly and publicly stated there was no plans to change the exchange rate or abandon the peg to the US dollar. Officials including the governor dismissed speculation about a revaluation or a shift to a basket…Then on May 20, 2007 Kuwait abruptly dropped the dollar peg and switched to an undisclosed currency basket which was heavily weighted toward the euro and other currencies. The Kuwaiti dinar appreciated significantly against the US dollar in the following months…Why is this particularly relevant to Iraq today? Kuwait had built up very large reserves and had been running a managed peg for years…The decision was made quietly and internally when the central bank of Kuwait judged the fundamentals…justified a change.
Public statements right up until the move were calm and reassuring. No plan to change the rate. The adjustment was presented as a technical and prudent step to better reflect economic reality, not as a dramatic revaluation. This is one of the cleaner recent examples of a Gulf country with strong oil fundamentals and a managed peg deciding to shift exchange rate regime without telegraphing it in advance…Iraq’s done that before. Many countries have done this before. They telegraph one thing and then they do another…Iraq is possibly going to do the same…Countries, including wealthy oil rich Gulf neighbor like Kuwait have publicly denied plans to change the exchange rate and then done so relatively soon after when internal conditions were deemed right.
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Sandy Ingram
Many…believe this is when the US will encourage Iraq to adjust its currency. One reason this belief is s---------g is that Iraq’s government and central bank have been modernizing the financial system, tightening currency controls and working with international institutions such as the IMF and the World Bank. All of this has been going on behind the scenes quietly. However, it’s important to note that no official announcement of a major currency adjustment has been made. Many economist say any change would be gradual rather than sudden.
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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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