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Dinarland Highlights – 5.12.26
Mountain Goat
Article:
“EXPERTS: “SECURITY GUARANTEES” ARE A PREREQUISITE FOR THE RETURN OF INTERNATIONAL COMPANIES AND MISSIONS TO IRAQ”
This article could not articulate any better why Trump wants these militia and factions out of Iraq…this issue of the PMF [Popular Mobilization Forces] is of high priority and on the CBI list of the top five issue prior to any Reinstatement?
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Thom
A good friend of mine…works for the IRS in upstate New York. Yesterday he and I have been digging…IRC988…is one of our Internal Revenue manual codes…IRC 988 deals with how the IRS taxes gains and losses from foreign currency transactions. A foreign currency exchange rate gain happens when you deal in foreign currency…and the exchange rate changes. You end up with more dollars than expected…IRC section 988 considers it a foreign currency gain…By default IRC 988 gains/losses are taxed as ordinary income like wages, not capital gains. That means gains are taxed at your normal tax rate…
Question:
“Do you believe once the government is formed should we see a rate soon after?”
Thom: Very possibly yes. Pres Amedi and PM Designate have already met with CBI Governor Alaq and asked him to raise the rate of the dinar. They need to do something before their economy collapses and they made HCL a priority to get the Kurds on board.
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MilitiaMan
Often you’re going to see that Iraq is a rentier state and…90% of all revenues are from oil. That’s not anymore.
Article quote:
“Iraq’s oil revenues which account for more than 84% of Iraq’s expenditures…”
That’s not 90%.
The last three years have delivered real milestones that include, reserve growth, gold accumulation, non-oil revenue expansion, ASYCUDA and TIR rollout, digital payments, port and corridor work, and banking modernization…Iraq is in a much stronger position now than before, which is exactly what sets the stage for a prudent REER move when the timing is right. Steady, factual, and forward-looking. The quiet work continues to show results.
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Stephen (Dinar For Dummies)
There’s so much c********n and so much evil happening behind the scenes that is being removed and it’s being removed in a very aggressive fashion. It’s not happening over months or year. This is happening within the last few weeks. Be positive, be confident, everything is working in our favor…It’s coming soon…
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Sandy Ingram
How do we exchange our [Iraqi dinar] banknotes that we have for the digital currency or whatever currency that would allow us to participate in the increase in the value of the Iraqi dinar? We only have to look at Venezuela to see that there’s a possibility that we really could exchange our Iraqi dinars in the US banking system. As we see right now the US banking system is gearing up to be able to facilitate Venezuela’s currency…We know that is happening. We can only hope the same pattern would be followed with the Iraqi dinar…
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Clare (KTFA)
Article:
“The Central Bank of Iraq: We are proceeding with reforming the banking sector and call for reliance on official sources”
Quote:
“The Central Bank of Iraq reiterated its commitment to continuing the implementation of the banking reform program with full transparency, in order to achieve its aspirations for developing the banking sector and enhancing its presence and integration into the global financial system.”
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Fnu Lnu
It is true that fees may run as much as 5% but that is usually on smaller amounts of Dinar. The average Dinar holder has one or two 25,000 IQD. They should expect a higher fee.
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Frank26 (KTFA)
Mark my words in titanium. No Iranian influence in [Iraq’s] government at all. No Iranian influence person, entity, organization, policy whatsoever…None of these are welcome in [Iraq] anymore. They are being kicked out for security and stability that will bring you your new exchange rate.
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Reset Intelligence
Iraq is the 8th richest country on Earth by natural resources. Roughly $16 trillion is in the ground of Iraq. They have the 5th largest proven oil reserves. They have the second largest phosphate reserves…and their CBI gold reserves are up 45% in the past year…The current exchange rate of the Iraqi dinar is 1310 dinars to $1. This was set during reconstruction but was never meant to be permanent. This rate does not reflect the resource base Iraq has…
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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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