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Prolotario
@Prolotario1
Majeed Brings Up A Very Overlooked Point:
The old dollar auction system was their golden goose. Converting large dinar stacks to dollars inside Iraq triggered immediate red flags CBI auctions were monitored, capital controls tightened, and the new AML-focused Governor (Nizar Nasser Hussein, straight out of the anti-money laundering office) was already in position to flag unnatural flows.
Dubai was the classic exit valve, but even that got choked when Sanad’s team intercepted the transfer. Keeping it in dinar let them sit on a leveraged position. They knew what was coming. Long before most even got into this investment. I’ll go into this a little.
So by keeping it in dinar let them sit on a leveraged position. When redenomination hits and the rate strengthens on cleaner books, those hoarded dinars multiply in value overnight without the paper trail of dollar conversion exposing them to the very compliance machine they helped build to protect their own skims.
They also had the long-game insider knowledge the public never saw. From the 2010s onward there were constant quiet leaks inside government and militia circles early HCL drafts floating around ministries, IMF/World Bank pressure signals during reconstruction talks, U.S. officials whispering about eventual stabilization tied to oil wealth, and the recurring cycles of “redenomination” speculation that insiders treated as real planning instead of hopium.
Source(s):
• https://x.com/Prolotario1/status/2072169540209750080
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