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Dinarland Highlights – 5.31.26
Mountain Goat
Article:
“PRIME MINISTER’S ADVISOR: IRAQ IS ON THE VERGE OF MAJOR ECONOMIC CHANGES UNDER THE GUIDANCE OF AL-ZAIDI“
Quote:
“Iraq is going through an important transitional phase at the economic level, noting that the directives of Prime Minister Ali al-Zaidi have brought about a shift in the philosophy of managing the state’s financial and economic affairs, which paves the way for broad transformations during the coming period.”
Iraq is heading for a huge, radical Economic Transformation. I do not use this terminology lightly. If this holds to it promises this will lead us to what we want – the reinstatement of their dinar currency.
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Ross
No one can predict the future exchange rate of IQD vs USD. We look to what happened in Kuwait. We look at Iraq’s true wealth as a country based on their oil…I cannot throw out an exact rate. I just know 1300 per USD is BS.
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Jeff
The next major critical piece we have to see done before they can revalue is complete the formation of the government and the pending ministers. That’s the very next thing we have to see…They might call an emergency session of Parliament [to vote]. It can be random.
If the budget wasn’t dependent on the rate change, they could have already submitted it. But because it’s a law and all aspects of that law must exist, such as the currency value it’s calculated off of, if the currency value does not exist, they can’t send it to parliament for approval.
Community comment:
“On the bank side of Forex, $4.81.”
Jeff: I would not set your rate speculations that high. I would not go above $4.00. I would stay in the $3 range which is the safest, most conservative way. It only devaluated at $3.22…There’s no way I see it coming out that high [$4.81]…
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Reset Intelligence
Two militias have unified with the state in two days. The second was Iran’s own Quds Force proxy. The machine that has held the dinar at the program rate for two decades is being switched off one circuit at a time. Two FTO holdouts left standing alone. The rest are negotiating their terms. This is not the same story. This is not the same week. The architecture is doing the work. The momentum is real. Get a grip and focus on the positives.
If a suppressed foreign currency you hold increases against the dollar, the bank you exchange it through decides how much of the new rate you actually keep. Many have been waiting years for this event. Most are still unprepared.
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MilitaMan
The CBI explicitly stated they’re preparing the banking sector for deeper integration into the global financial system…This is one of the strongest signals we’ve seen…The technical foundation for a credible Real Effective Exchange Rate (REER) is being strengthened right now after years of quiet preparation. The banking sector is moving into e*******n phase. This is genuinely very uplifting for me. It shows the CBI is not waiting. They are acutely building the infrastructure needed for the next step. I can’t wait.
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Frank26 (KTFA)
What I find to be the trigger, the lynch pin to all of this is the HCL…The HCL definitely has to have a new rate. They would have used 1300 or any sanctioned rate inside the last 20 years by now…But they never did…Because they are talking about it on a daily basis,…going to pass many of the laws of the HCL,…have not used any sanctioned rates…we’re going to see a new rate.
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Samson (KTFA)
Article:
“FOLLOWING THE ACTIVATION OF THE ANTI-C********N COMMITTEE, THE DEPUTY MINISTER OF OIL WAS ARRESTED”
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Sandy Ingram
When you are in Iraq, your currency may be worthless to somebody in America, Great Britain, Australia or New Zealand but it’s not worthless to you because it feeds you, it provides shelter, it provides transportation, gas for your car etc. So us calling their currency worthless is not a wise decision because it’s not worthless in Iraq… Many of you are holding a million to 10 million Iraqi dinars. And you may feel broke, but you’re only broke because of where you are at this particular time…
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Thom
Iraq’s thesis is a revaluation event. So a big adjustment that could happen over night. But Vietnam’s path looks more like a gradual climb over 12 to 16 months as the government opens up its markets… The roadmaps are a little different.
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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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