Dinarland Highlights – 4.30.26
Bruce (The Big Call)
[via WiserNow]
…we should get notifications on Thursday the 30th, and then, based on that, we should be able to exchange most likely possible Thursday, but my gut is most likely Friday, the first of May… based on the information we have…I think that’s very possible, that that’s how the thing’s going to come together.
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Mountain Goat
The ending to this e------n saga may be finally here. There is a new nominee outside of al-Maliki or al- Sudani. Will he survive the vote in parliament? It appears he has the confidence of the US government, so this is a good start… will he serve the people and support the necessary reforms and grow the economy and work with US Washington over these next four years to make moves towards the reinstatement of the dinar? (Stability part for the RV)…Will he support Washington’s desire to remove the PMF and other associated t-------t organizations from Iraq (Security part needed for the RV).
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Reset Intelligence
Baghdad’s reading is not Washington’s. The Coordination Framework picked a businessman…He has never held public office. He has never run for one…Iraqi-press channels…are reading the pick as the coalition buying itself another negotiating cycle. Sudani’s bloc and the Framework’s larger blocs both expect al-Zaidi may not clear the 167-vote confidence floor inside the 30-day window. A failed nomination resets the constitutional clock under Article 76 and hands the coalition another month. Washington signs the chair because the man in it is personally clean, and Baghdad picked the same man because he is structurally disposable. Neither side expects the cabinet clock to close their problem in 30 days.
President Donald Trump ordered the United States naval blockade of Iranian ports to long-term…Brent crude touched $126 intraday Thursday, more than 12 percent above where it opened the week. Hormuz exports collapsed to 4 percent of normal capacity per Goldman Sachs. The United Arab Emirates leaves OPEC and OPEC+…with 5 million barrels per day of capacity it can bring online without anyone’s permission.
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MilitiaMan
Even with the current political mess and regional tensions, Iraq’s reforms continue to move forward regardless. The push to expand electronic payments is gaining real momentum. This is vital work being done in the background, as it helps reduce dollarization, brings more of the informal economy into the formal system, and opens up new “v----n” Iraqi markets for small businesses and the unbanked population.
The calm cool work they are doing behind the scenes keeps delivering results even when the headlines don’t support that…you’ve got to read the whole article sometimes…It’s not always easy to get stuff…There’s no panic…There’s just steady progress…Hopefully we’re going to see the results from this quite soon.
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MarkZ
[via PDK]
…a couple bond holders contacted me and said it doesn’t matter who is picked as PM …They are moving forward.
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Clare (KTFA)
Article:
“Iraq PM Nominee Ali al-Zaidi Draws Comparisons to Trump-Style Economic Policies”
Quote:
“Some Iraqi political factions say Ali Faleh Kazem al-Zaidi’s economic approach appears aligned with market-oriented and business-focused policies, drawing comparisons to those associated with U.S. President Donald Trump.”
Article:
“Parliamentary Finance Committee: Preparing the budget requires a fully empowered government and real resources, not ‘fantasy’ figures”
Quote:
“the current caretaker government does not have the authority to send the draft budget law to Parliament.”
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Jeff
The budget can’t get approved till the new currency value exists. It’s a law. All aspects of a law have to exist for them to approve it, which means the currency value has to exist because the budget is calculated off the currency value. So, that has to exist before it can get sent to parliament for approval. That’s the reason they told us about a month ago that the budget would get approved after the government is formed because when the government is formed they they get a change of rate, then proceed with a budget approval.
Question:
“What do you think is a possible range for rate change?”
I’m around the $3.80ish camp, somewhere around $3.80+…Historically Iraq’s value of their currency, clear since the 1970s, compare them to Kuwait. Iraq has always remained slightly above Kuwait’s currency value. Today Kuwait is around $3.25…Just working off of facts.
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Fnu Lnu
President Trump has rejected Iran’s latest offer…The Straight of Hormuz is now closed again and seeing it’s slowest day since the war. The Iranian Rial is almost worthless. $720 USD is now worth One Billion Rial…This all bodes poorly for Iraq as their oil revenues will bottom out for the time being…Iraq’s weak political system will be put to the test and this guarantees there will be no RV any time soon. War and the lack of a working government equal maximum instability which will not be acceptable to the IMF. They are driving this train like it or not.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: The new candidate for prime minister just spoke on the television. He’s saying he is eager and willing to work with all political forces inside…Iraq and looking forward to meeting the demands of the citizens and he is going to continue the monetary reform.
FRANK: Wow! I am excited…because we know the demands of the Iraqi citizens. They want purchasing power. They want the CBI to release the new exchange rate…
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Stephen (Dinar For Dummies)
Some of us have been involved in this since we occupied Iraq back in 2003. Some of you might have gotten invested a few years ago, maybe a few months ago. I’ve been invested in this for 15 years. Ever since the day I invested, I have been following the news….As non-hypy as possible and this is not hopium to make you feel good, I can honestly say in all of my years of being invested in the Iraqi dinar I have never seen such movement and pressure that I am seeing right now with what the USA is directly and indirectly doing to the country of Iraq.
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Samson
Article:
“THE SECRETARY-GENERAL OF THE ARAB LEAGUE WELCOMES THE APPOINTMENT OF AL-ZAIDI TO FORM THE NEW IRAQI GOVERNMENT”
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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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