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Dinarland Highlights – 6.11.26
Mountain Goat
Article:
“EXPERTS LAY OUT A ROADMAP FOR LEAVING THE RENTIER ECONOMY.”
…We all have been reading about this rentier economy for over a decade and how it had to change to get the reinstatement. Could the news get any better today except for having the RV. This is a roadmap to the RV…
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Bruce (The Big Call)
[via WiserNow]
…redemption centers…have military on duty around the clock for security all over our country…Now, that what does that tell us? That tells us how close we are.
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Reset Intelligence
Iraq’s central bank is licensing a kind of bank the country has never had: no branches, no vaults, no paper…Nobody writes that spec for a currency they plan to leave alone…79 applications already sit on Governor al-Alaq’s desk. This is the third stage of the Oliver Wyman reform plan, and the first that replaces banks rather than upgrades them…banks born clean take their place.
The precedent is March 1933, when Roosevelt shut every bank in America, culled the ones that could not survive examination, and within a year repriced gold from $20.67 to $35 an ounce. Cleanse and filter the system first. Reprice the money second. Iraq is running the same sequence in daylight.
January 2020 – The Iraqi parliament had just voted to expel US forces…A reporter asked President Trump how the United States planned to recover its costs if it left.
The verbatim exchange:
Reporter: “How are you going to collect?”
Trump: “Well, we have a lot of their money right now. We have a lot of their money. We have $35 billion of their money right now sitting in an account. And I think they’ll agree to pay. I think they’ll agree to pay. Otherwise, we’ll stay there.“
The $35B sitting in an account is Iraqi oil revenue held at the New York Federal Reserve…At today’s official rate of 1,310 IQD per USD, $35B sits as roughly 45.85 trillion Iraqi dinars. The arithmetic of repayment, alongside the arithmetic of every IMF programme, every World Bank facility, and every US Treasury sanctions calendar, only resolves cleanly if the underlying currency stops trading at one-tenth of a US cent.
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Clare (KTFA)
Article:
“Al-Zaidi proposes raising the dollar exchange rate and selling government institutions to pay off debts”
Quote:
“the plan, which was approved by the leaders of the framework, includes in its first stage raising the exchange rate of the dollar again as one of the options proposed to reduce the financial deficit and increase government revenues“
Article:
“Al-Zaidi is preparing for a visit to Washington with several key issues on his agenda, most notably attracting major companies to Iraq”
Quote:
“Al-Zaidi added: ‘We have an upcoming official visit to the United States, and we will be taking a number of businessmen with us to expand mutual and joint investment opportunities “
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Stephen (The Dinar Den)
It’s a very fluid situation. There’s a lot going on. Iraq is moving forward. There’s a lot of positive things happening in Iraq. Everything is coming together. The dominoes are falling. If you are an Iraq dinar investor…the end is near…I believe everything is lining up in our favor. I can see the light at the end of the tunnel…Iraq is positioning themselves to be a powerhouse of the Middle East again and the Iraqi dinar is going to be one of the most valuable currencies in the world in the very near future.
How do I convert [paper dinar currency] into numbers in my bank account? If you own dinar you took the first big step you could have taken. You are already way ahead of the game now. The second step you take is going to be just as important as the first step of buying Iraqi dinar. And that is getting the money to your bank and doing the exchange the proper way while minimizing fees the banks might want to charge you.
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Jeff
Budgets are calculated off the currency value. Theoretically…the budget has to come forward right after the rate changes. But rate would have to change in what is called a budget period…The rate has to change in approximate budget period…Very solid confirmation that the rate could be changing in June…It’s not 100%. No body knows when the rate change is, month or date…We have enough solid data to know…the budget is going to come forward to be implemented in the second half [of the year], which would be July on. That means the rate would most likely need to change in June…I needed more data. We now have it to really pin down the approximate period in which the rate could be changing. This data strongly suggests June.
Iraq cannot in no way in hell tell you what the value of the currency is going be. You got to put common sense into this. Put your thinking cap on. They can’t legally tell you what the value of the dinar is going to be. They can’t. They also can’t tell you when…They can’t even tell you they’re going to increase it’s value…let alone give you a date they might do it.
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Guy
There are a lot of people in the foreign currency world who actually aren’t holding their own currency. They bought bonds or they turned their currency over to a redemption center. Those bond issuers and redemption centers are not going to pay you all at once. They’re going to pay monthly over the next 10, 20, 30 years. I stayed away from all that.
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Sandy Ingram
Iraq cannot fully move forward economically if armed groups are operating both inside and outside the control of the government of Iraq…This is not new. But what is new is a prime minister has been elected on the basis that he’s going to bring the country together and unarm the Iraqi militants…If Iraq can actually do it, if they can change the way investors look at the country, everything can change, including the currency rate of the IQD.
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Paulette
Article:
“Al-Zaydi proposes raising the dollar exchange rate and selling government institutions to pay off debts”
I sure hope Alaq sticks to his statements and says NO to this idea!!!!… Raising the exchange rate of the USD just to get more Dinars per dollar is certainly the wrong direction and not what WE want to see…
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Frank26 (KTFA)
Zaidi is being motivated by Trump, by D.C. Maybe these meetings are going to finally be successful especially because they are being held in DC. It’s been a week now that there has been an Iraqi delegation in DC and Zaidi is about to catch up with them. God willing, maybe we are going to see that government formed right around the 14th and 15th…
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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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