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Dinarland Highlights – 7.2.26
Judy Byington
No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown…indicate it to be very soon.
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Mountain Goat
…The basic plan to get to the reinstatement comes directly from a 2011 conference held during Dr Shabibi’s time as the director of the CBI with the US treasury, the World Bank and the IMF. We already have witnessed many pieces to the plan e******d, so hang in a bit longer you won’t regret it. Yes, the plan has changed a bit, but Iraq must adapt as this is taking so long and technology changes over time.
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Ariel
The Broader Summer Window – Now to July 17th…This is the grind paying off. The frustration is real as we all have been waiting to get to where we are for a good while now. Im just glad that things are speeding up…
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Jeff
It cannot be more than a tight narrow managed float…It won’t float when the rate changes because their budgets are calculated off the currency value. If it had a significant float and the currency has a significant value change, that means the budget is completely miscalculated. So every time the rate changes, they would have to redraft and amend the budget’s figures. They’re not going to do that. That’s why it’s a narrow managed float in a tight window.
It cannot be more than a tight narrow managed float…It won’t float when the rate changes because their budgets are calculated off the currency value. If it had a significant float and the currency has a significant value change, that means the budget is completely miscalculated. So every time the rate changes, they would have to redraft and amend the budget’s figures. They’re not going to do that. That’s why it’s a narrow managed float in a tight window.
Question:
“Why is it favorable for Iraq to set the rate above Kuwait?”
It’s not that it’s favorable…You’ve got to study history sometimes. If historically Iraq’s always been above Kuwait by a small amount…Kuwait today is around $3.26 and it’s probably going to be a little bit above there. That’s a fair and reasonable guess…The country of Iraq has more wealth…minerals…resources and a whole lot more oil than Kuwait does. That’s why they’re worth more money than Kuwait…They always were historically.
Community Comment:
“The country [of Iraq] doesn’t have OFAC sanctions.”
You’re incorrect…You can’t go to the traditional banks like Wells Fargo and none of them to exchange dinar. And you know what that tells you? That tells you Iraq is under OFAC sanctions against them. Otherwise our traditional banks would be exchanging the dinar.
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Reset Intelligence
Iraqi-press channels report the Coordination Framework, the Iran-aligned bloc…privately asked Prime Minister al-Zaidi to halt the arrests and settle the cases for cash. The arrests continued, the judiciary refused the settlements…The parliament speaker lifted the immunity of the arrested lawmakers himself and declared there is no immunity for the c*****t…There is a precedent for where this leads… Saudi Arabia locked its princes in the Ritz-Carlton in 2017, took 107 billion dollars in settlements, and let the men walk. Iraq just refused that exact deal.
You do not jail your own parliament, count the cash on a public ledger, and fly to the White House in the same fortnight by accident. Every thread points at one week. Parliament returns… the last cabinet seats are filled by July 5, and a cleaned government flies to Washington right behind them. The meeting is what finally moves the oil revenue law buried for 19 years, and the budget that follows is the one that can let the dinar move toward what it has always been worth.
Bank in 1991 Kuwaits’ economy was wrecked, oil fields on fire, infrastructure ruined yet the Kuwaiti dinar moved from about 30 cents to roughly $3.47 during the conflict while the country was still smoldering…People insist currency rates do not move like that then go quiet when you mention Kuwait. History records the mechanism plainly for anyone who looks.
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Samson (KTFA)
Article:
“ADVISOR MUNIR HADDAD : THE FUNDS LOOTED SINCE 2003 EXCEED TWO TRILLION DOLLARS, AND THE TRIALS OF THE C*****T WILL BE PUBLIC”
Article:
“CENTRAL BANK OF IRAQ : DOMESTIC CURRENCY ISSUED ROSE TO 112.9 TRILLION DINARS BY THE END OF APRIL”
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MilitiaMan
Article:
“ADVISOR MUNIR HADDAD : THE FUNDS LOOTED SINCE 2003 EXCEED TWO TRILLION DOLLARS, AND THE TRIALS OF THE C*****T WILL BE PUBLIC”
…There is no doubt this is a wowzer!! This is flat out a huge escalation in the anti-c********n push — both in scale and visibility. Putting an official $2+ trillion figure on the stolen money, promising public trials, and vowing no red lines or timelines shows real seriousness from the top. This builds enormous momentum and credibility right ahead of the Washington visit on the 17th…Amazing!
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Frank26 (KTFA)
What is Iraq’s banking reform? …do you think it’s to introduce new coins? Do you think it’s to introduce a new exchange rate? I think the banking reform is to add value to their currency before they can do anything else. Why come out with coins, why come out with lower notes, when you don’t have a new rate for them? Why come out with p********a information, knowledge about monetary reform of many other countries around them?
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Guy
You’re not going to be going up…and talking to a bank teller. You’re going go to the branch manager and ask for the wealth manager that covers the geographic area where you are, your location. Usually banks assign a wealth manager to cover 5, 6 or 10 branches in a regional area. You want to talk to the wealth manager. You’re going to go to him and…tell them ‘I don’t want to pay any transaction fee. I just want you to make profit on the spread.’ The spread is the difference between what the central bank says the rate is and what Citibank says or Chase or Wells Fargo, whoever it is.
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Stephen
You got to be prepared. Those who prepare are going to be in a much better position and you are going to be wealthy long term…Most people are going to be rich for a few years and then [broke]. They didn’t invest wisely, they didn’t protect their assets properly, they didn’t know how to steward that money…Most people probably have 500,000 dinar or more…Every dollar counts…Be wise. Be proactive…have a plan in place because it’s going to take a lot of that stress, a lot of that anxiety off. I promise you, when the dinar revaluation happens, you’re not going to be running around with your hair on fire saying, ‘Oh my gosh, what do I do now?” That excitement of the revaluation is going to turn very quickly into stress and fear…
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Clare (KTFA)
Article:
“The New York Times: The US administration has resumed transferring oil revenues to Iraq”
Quote:
“The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, following Prime Minister Ali al-Zaidi’s campaign against those involved in financial c********n cases.”
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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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