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Dinarland Highlights – 5.25.26
Bruce (The Big Call)
[via WiserNow]
I had heard at least a week ago…that they want this done by the end of May. …I got information… from very good sources …that says looks like we could get notified any time from Memorial Day to the end of the month, exchange between Memorial Day and the end of the month… I do believe this is this is coming right around the corner…
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Ross
Iraqi Dinar Revaluation was NEVER Possible Until the Strait of Hormuz Was Dealt With! Imagine holding the Dinar for 23 years thinking it could revalue any day. What if it actually did? You’d have cashed out years ago, retired on a beach with a margarita… but what if the Strait closed after your exchange? Iraq’s oil exports via Hormuz collapsed 89% in April alone — slashing 90% of government revenue. You do the math. What oil revenue would be backing that newly revalued Dinar? Exactly. Nothing. And that’s precisely why you’ve waited this long. Nothing could have sustained the new value. Iraq’s diversification away from oil revenues will not be solved anytime soon. The fact that the Strait of Hormuz is closed right now should have you feeling electric about your investment — resolving this is literally the #1 prerequisite to a revaluation.
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Jeff
You have to admit since the new administration came in, the temperature and pressure on the rate change itself and getting the rate change done has tremendously escalated and increased. That’s not coincidental because they told you that it will be the new administration that enters Iraq into the next phase, next stage.
Does Iraq have to have a fully completed formed cabinet to change the rate? Possibly. It could be perceived as a level of stability in this.
Question:
“Do you believe there is such a thing as ‘contract rate’?’ “
I’m not into anything ‘contract rate’. I don’t care about contract rate. To me that’s nothing.
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MilitiaMan
We’re watching history unfold…Over the last 24 hours Iraq has shown remarkable web of coordinated progress… There are a lot of things taking place…It isn’t just about Iraq but yet it is about Iraq…Al-Zaidi is not waiting around. He’s been executing with a purpose… The convergences we’ve followed for years are no longer separate threads …We’re in one of the most exciting and important windows I think we’ve ever seen.
What we’re seeing is not the same as it was 15 years ago. It’s not even close. It’s very exciting to see everything tying in…
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Reset Intelligence
$1B to $3B a year. That’s the fuel-oil smuggling economy built on top of the missing HCL. PMF brigades control 70+ oil fields across Nineveh and Salah al-Din. Iranian crude laundered as Iraqi product, sold into Asian markets…Petraeus walked into [Baghdad] 10 days ago with a plan to force the HCL that has been stuck in parliament for 19 years…It does not wait through June…Things are definitely heating up.
A revaluation directly raises the purchasing power of every Iraqi household that holds dinars or earns wages in dinars. Imports become cheaper. International medical care and education become accessible. Remittance corridors invert.
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Frank26 (KTFA)
Kuwait is for this [dinar rate change] because…if the Iraqi dinar goes up so will the Kuwaiti dinar. That is another form of revaluation of a different currency…
It may be more around $1.15 to $1.20 against the dollar when it first comes out. As the international basket floats, [The Untied States] will be by [Iraq’s] side, not pegged to [the dinar] but instead paired with it so that [it] has the same value internationally. People will want [the dinar] as badly as they want the American dollar. Then the final conversation …would be how high do they cap this float. IMO somewhere between $4.00 and $4.25 is what we calculated.
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Clare (KTFA)
Question:
“Do we need every minister voted on and given confidence to see a rate change?”
NO, WE DON’T. – THIS IS THE OFFICIAL GOVERNMENT THE OTHERS WILL BE ADDED LATER.
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MarkZ
[via PDK]
The chatter has been unreal this weekend. Rumors hit hard and heavy over the weekend that the Treasury was told it would be a “go” last Friday and got the ball rolling and started the Process…I have not been able to vet it because it was over the weekend and a holiday today. ….We will see what is real…this was from a number of different sources… It will probably be later tomorrow when we can properly vet things.
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Sandy Ingram
The Development Road Project… which is the transportation corridor that will carry cargo and people from the Grand Port of Fa in southern Iraq near Basra to the Turkish border…will reduce unemployment, improve finances and will provide a consistent $4+ billion in annual revenue. It will automatically boost Iraq’s GDP. Will this change the IQD exchange rate? Will there be a currency adjustment? Probably…This new corridor will…connect the Gulf states, Turkey and Europe. This is major.
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Stephen (Dinar For Dummies)
I would highly speculate that when this does happen, we’re probably going to have about 3 months, 90 days. You don’t have to be running to your bank the same day or even the next day and making irrational decisions and rush the process only to come home and I’m like here’s how you could save X amount of money on the spread fees or X amount of money doing this. You’re like, c**p, I already exchanged and that cost me tens of thousands of dollars…
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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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