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Dinarland Highlights – 6.20.26
Mountain Goat
Article:
“MP: INITIAL UNDERSTANDINGS REACHED BETWEEN POLITICAL BLOCS AND THE PRIME MINISTER TO PASS THE OIL AND GAS LAW”
…this recent article…reinforces once again the increased efforts to finally get passed the decades long-awaiting Oil and Gas Law (HCL). In it we learn that MP Adel Al-Mahalawi confirmed…that there are initial understandings between political blocs and the Prime Minister regarding proceeding with the passage of the oil and gas law in the coming period…the Prime Minister aimed at creating the necessary atmosphere for passing the oil and gas law, which is considered one of the important laws that has been long awaited.
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Ariel
HCL – The Oil Revenue Lock That Makes Everything Fortunate…The Hydrocarbon Law is the sleeping giant…HCL centralizes strategic policy under a Federal Oil and Gas Council while giving regions input ending the independent KRG exports and smuggling that bled federal revenue. Once passed, budgets stabilize, oil money flows cleaner, and the dinar gets the collateral backbone it needs.
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Clare (KTFA)
Article:
“Final signing at the White House… Al-Zaidi to launch a ‘second Iraq’ in mid-July… Barak’s plan: Baghdad as the heart of a ‘new Middle East’ “
Article:
“Elon Musk announces Starlink’s entry into Iraq”
Quote:
“In a post on his X platform, Musk stated, ‘Iraq has approved Starlink’s operating license, paving the way for satellite internet service to reach the country. He added that Iraqi Prime Minister Ali Zaidi and U.S. Presidential Special Envoy to Iraq Tom B*****k welcomed the confirmation of Starlink’s operating license.’ “
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Frank26 (KTFA)
Alaq was the constipation. He was the one that was supplying Iran with money and not letting the prime minister of Iraq to play fair with the American dollar.
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Stephen
I’m expecting some HCL news to come out in the next 48 to 72 hours. That’s probably one of the biggest topics that we are going to see some movement on. I believe the HCL is the precursor to the revaluation happening. Some say the revaluation will happen first and then the HCL law will be passed immediately after. It remains to be seen. But they are both very very closely connected.
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Sandy Ingram
What these [Tom B****k/United States] demands will result in is foreign investment. Foreign investment is the key for Iraq recovering to the degree that we could easily see an adjustment of the IQD…Other things on the table that need to be taken care of…extra streams of income outside of the oil industry, armed militias being unarmed, safety in Iraq to the point where Americans and everybody else in the world can visit…We have to be able to exchange physically before we can realize our profits in the IQD.
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Terrence
[Central Bank/International Bank Regulator]
Question:
“What are your thoughts on the Iraqi dinar doing a managed float versus an overnight revaluation?”
I personally believe it’s going to be an overnight revaluation. It’s just going to be a number that’s probably already been determined internally and it’s just going to be released by the central bank of Iraq.
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Jeff
One of our goals is when we go to exchange our dinar we want to reduce our fees that we have to pay at the exchange. Some banks or brokers might charge upwards of 1%…I’ve heard 53rd Bank doesn’t charge anything at all to exchange foreign currency. I bank with Wells Fargo…I’m going to go specifically to their private bank…With the private bank you need a minimum of $10 million to get in…I told my guy I will exchange with you…I want you to give me face value for the currency. Remove all fees. He told me, I got you. The reason why he wants to do that, his group in the private bank side will make more money off of investing my money than charging me 1% fee to do an exchange. That’s the reason they want my money…There’s different tricks you can do to maximize your cash flow when you go to exchange…
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MilitiaMan
Things are not stopping. You saw the progress and the speed of this new guy Zaidi, the prime minister, he’s all about economics and [now] the change up for the central bank governor… Today’s developments continue to show real movement on practical files…
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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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