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Dinarland Highlights – 5.20.26
Ross
The Iran War has Iraq’s Foreign Reserves Under Heavy Pressure — a Signal for the XRP Revolution…Oil revenues are down, yet the country still has to maintain massive dollar stockpiles just to cover imports, service debt, and stabilize the dinar peg. This pressure is exactly why efficient digital solutions like XRP and its on-demand liquidity model were built… XRP shifts Iraq’s reserves from constantly covering the bills to primarily backing the currency itself — providing fuel for a massive revaluation. …And Iraq is already moving in this direction with a digital dinar.
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MarkZ
The HCL is on the move. They’ve passed so many pieces of it already. It’s getting very close.
…a piece done on Iraqi news about the dinar.
Quote:
“I have met with the federal reserve and I told them about p*****g the Iraqi dinar into US dollar, meaning 1:1 and they agreed that it is a smart idea and they will do that in 3 months. I don’t know when he met with them so we could know when the 3 months expire.”
One dinar equals one dollar and they are saying they are doing it in 3 months. And this meeting could have occurred weeks ago…We do not know. IMO This is beyond exciting news.
…This is being discussed on Iraqi Television by Iraqi officials…An interesting translation says the first step for the Iraqi economy is printing a new currency. 1 dinar equal to 1 dollar. Nobody panic. A dollar is amazing… …take the worst case scenario and meeting happened yesterday and its 3 months before the dinar is 1 to 1. That would be in August…I think this is the best news ever and it was watched by millions on Iraqi TV… So this is absolutely something to be excited about.
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Jeff
You can’t just analyze it as a rate change. You have to look at it at the scale of the rate change. This is going to be around 3000% to 4000% [increase]. They’re going to want all world markets closed at the time when they change the rate. That’s exactly how they did Kuwait’s… Sunday morning. Why? Because all world markets were closed. So they didn’t have a ripple effect…
They will never be able to go international or get the US sanctions lifted off them if they keep the value of the currency below a penny. In order for them to get sanctions lifted and removed, the value of the dinar has to increase above a penny.
They’ve finished everything they need to revalue…Iraq’s government formation and the rate change are one and the same…Now that the government is formed the rate is d**n close to changing.
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Reset Intelligence
Governor al-Alaq went on television Tuesday with the clean public denial. No change in the exchange rate. Foreign reserves strong. The CBI is not, in his words, studying the question. It is the 5th time he has said this in 6 months: November, February 12, February 25, April 16, May 19…The repetition is the signal…Al-Alaq confirmed a meeting “in the coming days” bringing the CBI together with the US Federal Reserve, US Treasury, and Oliver Wyman, framed as the path to “transition to dealing in other foreign currencies for banks that have completed all the required requirements.” Read it as multi-currency-settlement readiness…Al-Alaq’s 5th public dinar revaluation denial in 6 months runs interference until Treasury says go…
If Iraq can revalue, the next question is whether you can actually convert. Two paths. Iraqi citizens convert through the CBI and authorized local banks. International holders convert through a Tier 1 bank with IMF correspondent standing, opened as a relationship before the rate event.
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Stephen and Thom
STEPHEN: We have Kuwait, they did a revaluation and a post-war re-issuance of new currency in 1991. How many days do you think they gave their citizens to exchange?
THOM: 90 Days.
STEPHEN: That’s what I initially thought it was. Do you know it was 43 days?
THOM: I know they closed the window early…They gave 90-day window and because there were some bad actors taking advantage of it, people here in the US, they decided to close that window unannounced early, we’re not accepting it anymore.
STEPHEN: Yep. You’re absolutely right.
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Frank26 (KTFA)
Question:
“Why is Alaq so adamant about not raising the rate if it benefits Iraqi people greatly?”
They don’t want the people of Iraq to be released from their hooks and claws. No, you give the people of Iraq purchasing power, they don’t need anybody, especially Iran that they depend on too much…Today he made a fool, a buffoon, of himself by admitting the lie… “there’s no change in the rate”…The next thing you know after the meeting with Trump and the US Treasury and Federal Reserve, the little weasel comes out and says, that’s not what I meant.
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MilitiaMan
To me the CBI has completed the first evaluation phase of its comprehensive banking reform strategy. It now moving into the second phase with international partners like Oliver Wyman to bring banks up to global standards for full integration. I can’t reiterate this enough, this didn’t just start yesterday. They’ve been working on this for a long time…They won’t come out and talk openly about a dinar revaluation…If you think that you’re getting misguided…
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Clare (KTFA)
Article:
“The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed that the independence of the Central Bank is “legally achieved but not fully realized in practice,” in a direct reference to the gap between constitutional texts and the financial pressures facing monetary policy in the country“
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Pimpy
There’s two [minister] positions they’re bickering over so it’s not 100% done yet. There’s another step in the process that takes a while. Hopefully they get it done quick because I’m anxious to see what this new PM is capable of doing. I don’t know if he’s gonna be able to politic as good as Al-Sudani but he does have al-Sudani in his corner. He’s very good in the banking sector which is real important for Iraq and trying to strengthen the Iraqi dinar.
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Sandy Ingram
Iraq is at the crossroads. According to the United States the Iran-backed militant must be unarmed. Iraq’s continued success, economic success, depends on this happening …Iraq is still under shadow sanctions. The U.S. still hold over $100 billion of their currency in the United States Federal Reserve Bank…So the United States does have the final say as far as Iraq being able to proceed and progress economically.
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Samson
Article:
“IRAQ EXPECTS ITS POPULATION TO REACH APPROXIMATELY 73 MILLION BY 2050”
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Stephen (Dinar For Dummies)
It feels to me like the stage is getting set for something to happen. What will that be? No one really knows. I always say things could change at the drop of a hat. With all of this geopolitical high tensions…there’s a lot happening right now. It just feels like the stage getting set for something major to 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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