Dinarland Highlights – 5.3.26
Mountain Goat
Article:
“THE PRESIDENT OF THE REPUBLIC AFFIRMS TO THE GOVERNOR OF THE CENTRAL BANK THE NECESSITY OF STRENGTHENING THE IRAQI DINAR”
Quote:
“President Nizar Amidi emphasized to the Governor of the Central Bank of Iraq, Ali Al-Alaq…the necessity of strengthening the Iraqi dinar and continuing reforms.”
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MarkZ
[via PDK]
The currencies we expect the biggest changes in are Iraq, Vietnam, and Indonisia. I am told Venezuela and Zimbabwe will be handled differently then currencies because of “special situations”…
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Samson
Article:
“FOLLOWING THE ARRIVAL OF A NEW SHIPMENT OF DOLLARS, AN ECONOMIC EXPERT PREDICTS AN IMPROVEMENT IN THE VALUE OF THE DINAR”
Article:
“A US RESEARCH CENTER SAYS AL-ZAIDI’S SUCCESS IN THE BUSINESS WORLD IS PROOF OF HIS COMPETENCE, AND WASHINGTON STRONGLY SUPPORTS HIM”
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Frank26 (KTFA)
There’s no other way in the world that the CBI would again be receiving American dollars right now if we did not have the guarantee of a new exchange rate. IMO that is the strongest proof ever…
[Iraq boots-on-the-ground report]
OMAR: TV has this from the CBI…”We will cooperate with the new government.“
FRANK: So much is happening so quick…You know what the new government wants? A new exchange rate…Alaq IMO is scared because he has seen what Trump is doing with many in your country, in Iran…Alaq knows the speed of the government being set is going to trample right over him if he does not cooperate and release the new exchange rate…Alaq is capitulating because he is trying to survive.
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Reset Intelligence
No confirmed PM, no HCL shepherd. No HCL, no rate, no RV…Iraq is assembling the political end. The US is assembling the financial end. Cabinet by May 27 unlocks HCL. HCL unlocks the rate. The rate clears into the US plumbing finishing in May. The CBI’s “working in silence” posture is reserves-protection, the same posture al-Alaq ran in 2014 when the room got tight, which says the bank is preparing the balance sheet for whatever the cabinet ratifies.
Al-Zaidi was nominated on April 27 by the Coordination Framework. He is the Prime Minister-designate, not the confirmed Prime Minister. The cabinet vote is May 27, and he needs 167 votes from the 329-seat parliament…Until 167 votes land, he runs no executive office.
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Jeff
The United States is the last final only remaining country that still has sanctions on the country of Iraq. Notice how Iraq’s new prime minister nominee is a “Trump Jr.”. He’s a businessman. That’s because the US is having tremendous involvement in helping them form their government to achieve and remove political c--------n and achieve political stability. They get a “Trump Jr.” in there, unbiased, non-politician businessman.
Question:
“Are they still working on ‘deleting the zeros’?”
Deleting the zeros does not mean anything regarding the exchange rate. What it means is they have currency notes with three zeros, like a 25,000 note. It means to replace a 25,000 currency note with a 25 note. In other words a redenomination…But I have a fair amount of articles that state the two currencies will coexist together at the same value…Let’s say the dollar value against the dinar is $3.00 for easy math…Two currencies coexist simply means a 25,000 not would be wroth $75,000 after the rate change and a 25 note would be worth $75…IMO they’ll phase out the large three zero notes and give everybody 90 days to get them turned in and exchange.
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Clare (KTFA)
Article:
“Baghdad receives a new shipment of ‘cash dollars’… and an expert predicts an improvement in the value of the dinar”
Quote:
“Iraqi economist Nabil Al-Marsoumi confirmed on Saturday that a new shipment of cash dollars had arrived in Baghdad, as part of what he described as American support related to the next phase and the formation of the government…He added that the arrival of this dollar liquidity would contribute to improving the exchange rate of the Iraqi dinar during the coming week.“
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Sandy Ingram
If the T------------------n establishes a timeline to help Iraq adjust its economy or its currency, it will happen in the next two years. Trump leaves office on the 1st of 2029. Iraq must get control over three things: 1. C--------n, which it is now doing. 2. Disarmament of Iran-backed militants. 3. Control over its currency, which the CBI is actively doing.
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MilitiaMan
Al-Zaidi’s success depends on how he balances…competing interests and sets clear priorities. The US support is real but conditional, as Washington is watching closely for progress on stability, economic reforms, and limiting militia influence. I see this as…a test of whether al-Zaidi can turn political deals into an actual functioning government. US support is helpful for stability right now, but it comes with expectations. Al-Zaidi has a tough balancing act ahead of him. The political side remains messy, but the foundational economic and infrastructure work keeps moving on.
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Fnu Lnu
Technically, the IQD is already on FOREX so the proper question is: Is the IQD broadly tradable yet, not is the IQD on FOREX? …There was a time when it was completely absent but that was quite a while back. With crypto legislation in the final stages of approval (Clarity Act) it will be imperative for Iraq/CBI to get their banks crypto-compliant so all banks will be able to access the CBI and FOREX via a bridge currency such as XRP. My Singapore connections tell me…Iraq’s banks…haven’t completed this important step. This will be essential because using a bridge currency will make it very simple to go to any bank on any day and take care of your exchange with settlement happening in seconds.
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Stephen (Dinar For Dummies)
It’s been a pretty exciting week. We are waiting for the formation of the government…It could be done any day, but…the new prime minister nominee has 30 days to get that completed… He’s been meeting with the CBI governor. He’s been meeting with the Finance Minister. It seems like he’s very aggressive with going after a lot of the monetary policy in Iraq. As dinar investors and holders that’s what we want to see. All good things. Things are moving and working in our favor.
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Thom
Lottery winners go broke… Inheritance recipients go broke… Wealth transfer recipients will too — unless they think differently before the event. You have time right now to get your mind right. Use it.
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Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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