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Dinarland Highlights – 5.8.26
Mountain Goat
All these projects we read about from the al-Sudani administration are still in progress and will deliver the benefit we all desire, but just not yet. We also have to cancel the Iranian influence in Iraq and we can now see this too is in the making. …I believe we are closer than ever for the dinar to get reinstated. But first things first. By now everyone should be fully aware of these events that caused delays in the currency reform process…
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Bruce (The Big Call)
[via WiserNow]
So here’s a piece that we got from two of our sources in Iraq…the new prime minister for Iraq, who has been already appointed, will be officially seated Sunday or possibly Monday …. Sunday is Iraq’s first business day of the week, so I would look for him to be seated and announced…on Sunday. The theory is we need for that to happen before we go into exchanges. The same person that told us Sunday also said we should be exchanging 48 hours later…that would be Tuesday. I think that’s very possible.
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Reset Intelligence
Today Treasury did something it has never done before. Washington put a sitting Iraqi cabinet member on the sanctions list…Iraq’s deputy minister of oil, designated under operation economic fury, alongside three senior leaders of Iran aligned militias…No US administration has ever personally sanctioned a serving Iraqi cabinet member until now. Treasury picked…two days before the floor vote on Al-Zaidi’s opening slate of 14 ministers. The timing was the message…Here’s what this means for you if you hold IQD. 1310 isn’t moving off its peg…while Iran aligned assets sit inside Iraq’s institutions. Treasury just pulled one out. Each name cleared takes Iraq one step closer to a rate that finally moves.
Two sets of pipes. Forex shows the public the rate. Redemption channels converts at terms that don’t appear on public screens.
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Thom
The top three differences between Iraq and Vietnam: Iraq runs on oil but Vietnam runs on manufacturing and trade. About 90% of Iraq’s economy is petroleum…Vietnam on the other hand has Samsung, Apple suppliers, Intel and a bunch of exports that the whole world is buying. Two very different engines for their economies. Iraq has an IMF rate and Vietnam does not…Vietnam’s rate is being managed to keep their exports cheap…IQD could move fast and the Vietnamese dong will likely more slow…Vietnam’s upgrade catalyst is institutional while Iraq is political.
Question:
“Do you think most of the bigger banks – such Chase – will have on-site DeLarue machines to verify the currency, because I don’t want it to be sent off. I live in small town North Alabama”
I am personally using CHASE Private Client. If nothing else, because I built relationships with the team there, they will send me where I need to go.
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Jeff
The news just keeps getting better and better going into next week. Next week looks amazing – all the way to possibly having a formed government by…Saturday of next weekend the 16th…the rate change is extremely close to happening.
The size of a country’s currency notes are based on how high or low their inflation is. So ‘deleting the zeros’ phrase and statement is based on a country’s inflation…
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Fnu Lnu
The Exchange WILL NOT be a capital gains taxable event and here’s why: For US tax purposes: Section 988: The default treatment for foreign exchange (forex) gains and losses for US tax residents is Section 988. Under this section, forex gains and losses are treated like ordinary income, not capital gains. This means that gains are taxed as ordinary income, and losses are deductible as ordinary losses, subject to certain limitations…
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Frank26 (KTFA)
The last three weeks, all the information…it’s been so explosive. It’s like a rocket taking off. The problem is it comes back down in a parachute. It comes back slowly. The rocket has already been launched. What we’re doing is we’re simply waiting for all the pieces to come together.
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Stephen (Dinar For Dummies)
I believe we’re probably in a 3 to 6 month window. I still believe a few things have to happen before the dinar does revalue…It’s a fluid situation…
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Sandy Ingram
In time we can look forward to a 1 to 1 ratio but not in the beginning…and not until the three major tasks that Iraq has to complete. They have to control their currency, they have to be able to have an info of revenue coming in over and above the oil industry and they have to control the militants…Iraq must take care of these tasks before a currency adjustment can happen.
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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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