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Dinarland Highlights – 7.31.26
Bruce (The Big Call)
[via WiserNow]
…banks might not be ready to exchange until the 20th or 21st first of August, and yet redemptions are prepared to exchange as early …the 30th of July and go 21 days, which would take them to the 20th of August.
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Mountain Goat
Article:
“THE DOLLAR’S JOURNEY FROM “MANHATTAN” TO “AL-RASHID”: A READING INTO THE SECRETS OF MONETARY DEPENDENCE AND THE FUTURE OF “IRAQ 2”
Quote:
“Iraq is a major economic paradox; while it sits atop the world’s fourth-largest oil reserves, it finds itself shackled by a series of monetary crises that raise a pressing sovereign question: Why are our wealth deposited in the US Federal Reserve Bank of New York instead of our national treasuries? And why does every Iraqi dollar pass through US scrutiny before finding its way to Baghdad?”
…another article proving to you that the U.S. has to approve any significant RV of the Iraqi dinar…
…do you really think the U.S. is not going to have a significant say if the dinar goes back in the global currency exchanges i.e. FOREX? …we must realize why this process of holding oil revenues by the U.S. still exists in the first place. We have to go back to the Iranian backed politicians, militias and factions based in Iraq…we need to relax and just let it all play out...When a timeline arises for the RV we will know because my contact in the CBI will be on top of it.
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Frank26 (KTFA)
[California bank story]
I got a call yesterday …he wanted to meet with me one on one…I’ve already done business with them through investments but this was a higher up VP. I went to his office in downtown…The question he asked first was, you’ve been a customer with us for a long time…along with owning all of these dinars? I was like, yeah, but you already know that…what’s the reason for the meeting?…He said, from our conversation you know we’re getting pretty close. He said, the main reason why I brought you here today is to show you. He turned his PC screen around and showed me a list of numbers and a list of names and codes. He said, do you know the code for the Iraq dinar? I said, yeah…the color of IQD was in red. The numbers did not start with a decimal point and there were no zeros on that screen for the IQD.
I picked my jaw from the ground and said, what does this mean? He says, we’re close…those numbers keep changing and it’s been for a little over a week and that’s why he decided to reach out and ask me meet with him. Those numbers were higher than I thought they would be and the number also changed while I was there. So he was telling the truth, the numbers are changing all the time. I was not at a local bank so please do not start bothering the banks about this conversation. Let it happen. Let it flow. We’re close…He said we would be talking very soon and we have a lot to do…there are no delays. There are no red flags. There are no red lights. He said this is on and popping and that was the end of the conversation. We’re there.
The three zeros are going to be removed from two different areas.
1. From the decimal representation of the value of the Iraqi dinar, which is $0.00076. When they lift the three zeros take the decimal point and move it over to the right…You got $0.76…At the blink of an eye, at the flip of a switch, 76 cents will become $1.00…
2. Take that 25k note that you got in your hand. Go to the bank. Trade it in for an American currency. They just lifted the three zeros physically from you and the market.
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Jeff
Iraq has been stalling and delaying the cabinet all the way since May with making no efforts to try to resolve the cabinet. That’s because the cabinet isn’t an issue. They know who they want to put in there. Everything is scheduled to the rate change. The rate change itself is scheduled. That’s the critical component to this. Everything has to happen around what is the rate change date. They’re timing the cabinet completion with what is the rate change date.
Trump made two statements [back in his first term]. 1. They need to pay us. 2. We have 35 billion of their money… How could we have $35 billion worth of their money and still not be paid? It’s because he was secretly referencing the Iraq dinar…The Iraqi dinar has no value…
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Reset Intelligence
The sequence we are watching, IMO, is not [cabinet] seats first. It is the weapons question answered, then the chairs filled, then the Iraqi budget, then the rate…The order the Board of Peace just put on television [about Gaza]…Watch Baghdad for any sign the Iraqi militias are drifting toward the September 30th handover instead of digging in…
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Clare (KTFA)
Article:
“Will the Federal Government Remove Three Zeros from the Iraqi Dinar?”
Quote:
“The government is now considering two further options: First: Domestic and foreign borrowing. Second: Removing three zeros from the Iraqi dinar. The Iraqi government is reportedly considering deleting three zeros from the national currency. For example: 25,000 Iraqi dinars would become 25 dinars after removing three zeros. Likewise, all other currency denominations would be adjusted accordingly. Instead of expressing figures in billions, they would be expressed in millions. The objective of this move is to preserve the value of the Iraqi dinar…It also intends to revalue the exchange rate against the U.S. dollar. For example, after removing the three zeros, US$100 could be exchanged for 150 Iraqi dinars instead of the current denomination…“
“The proposal to remove three zeros from the Iraqi dinar would normally require legislation, making it a politically sensitive issue that may be difficult to pass in Parliament…The Prime Minister requested that the Federal Supreme Court of Iraq issue an interpretive ruling regarding the powers of the Council of Ministers under Article 80, Paragraph Third of the Iraqi Constitution, which authorizes the Council to issue decisions, regulations, and instructions…This ruling opens the door for the government to proceed with removing the three zeros from the Iraqi dinar through a governmental regulation, without first obtaining parliamentary approval.“
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Omar
All of our CBI friends here want you to know they’re lifting the three zeros but it’s more of an accounting for us citizens. When they lift the three zeros you [international dinar holders] are thinking you going to be rich. We’re not thinking that because it’s not going to be rich for us...What is happening inside our country is nothing more but a redenomination. It’s for accounting purposes…They gave us an example, 1310, drop the three zeros comes 131 dinar. They said…do not look for any value but you won’t lose any value. We won’t lose, even though we lost three zeros…They say…foreign investors not to benefit from…It’ll be more of an event that’s going to help all of our banks…major accounts…employee accounts… salaries…contracts, everything is going to be much easier to handle and work with by dropping the zeros. They make this very clear.
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Kaperoni
Question:
“Before the Iraq war, their exchange rate was $3.22 based almost solely on oil production. Add 20 years inflation, all seized c********n dinars destroyed, plus 40% new non-oil revenues. Why can’t IQD revalue near $5?”
Because in the 80s, 90s Iraq’s money supply was in the billions. They started printing more currency in the late 90s and hyper inflation set in, the dinar tanked to 3000 to $1. Currently, there’s over 100 trillion new dinar in circulation so there can’t be a significant RV.
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Stephen
If the dinar revalues at $1.00 wouldn’t all the Iraqi citizens become millionaires? …It’s a very valid question to ask...A change in the exchange rate doesn’t automatically create new wealth for everyone in Iraq. It changes the value of the currency relative to other currencies…Their purchasing power increases but they don’t automatically become an overnight millionaire because the cost of living, cost of goods, everything is adjusted in accordance with the new exchange rate…Foreign investors like us are in a different position…If the exchange rate becomes much stronger…then the investor can realize a significant gain when converting back into US dollars. An Iraqi citizen is different because they already earn, spend, and save mostly in Iraqi dinar. Their daily expenses and cost of living is also in Iraq dinar. They’re not making the same type of foreign exchange trade that we are.
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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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