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Dinarland Highlights – 8.4.26
MarkZ
[via PDK]
…There is so much conflicting information that its just nuts. But I believe it will be a very interesting week.
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Mountain Goat
…remember…the President Trump administration’s plan to turn the middle east around to a peaceful place…
Article:
“AN AMERICAN PLOY TO IMPLEMENT THE NEW MIDDLE EAST PROJECT… WILL IRAQ SWALLOW THE BAIT?”
We can already begin to see serious groundwork being laid for this reality to happen. This article…is telling us without any reservations that Iraq is part of the bigger plan and will be a direct player in this Trump plan. But Trump will also need the cooperation of the Iraq officials to be successful. Folks we can already see the RV taking shape with Al-Sheikh’s plan and the intent behind it… my CBI contact told me they would begin a campaign once again to educate the citizens of the process to swap out their currency to a new set. It is coming…Trump will need the IQD back on FOREX for his plan.
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Jeff
Article quote:
“Iraq has experienced a shortage of dinar liquidity making it increasingly difficult for the government to finance public sector salaries and operational expenditures.”
This news right here to me suggests the rate is most likely going to change in this month of August. They can’t go months without paying the salaries. They can’t.
This article is from Father’s Day of 2021 and is by the financial advisor Salih (former #2 guy at the central bank under Shabibi) “Monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting 3 zeros from the old currency to equalize new currency with lower numbers but with the same value.”
He’s talking about 2 currencies coexisting together with the same value. The same value being pegged against a foreign currency such as the US dollar…They’re going from larger 3-zero notes down to single digit notes, probably nothing above 100 plus coins. That’s because their inflation is very very low…around 3%.
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Samson
Article:
“THE TOTAL AMOUNT OF PRINTED CURRENCY IN IRAQ IS 113 TRILLION DINARS, AND 94% OF IT IS OUTSIDE THE BANKS”
Article:
“IRAQ BOUGHT $1.3 BILLION WORTH OF GOLD LAST YEAR”
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Stephen
You might not know this but Kuwait invalidated huge quantities of stolen currency. Many holders of the stolen notes discovered they couldn’t exchange them. Imagine smuggling millions or billions of dinar…and you go to turn it in and it’s like, nope, it’s null and void. The Kuwaiti government refused reimbursement for certain serial number ranges tied to the theft…A lot of people talk about the large money supply in Iraq as being the argument against a possible Iraqi dinar revaluation…I would argue to say the amount of Iraqi dinar smuggled and stolen from the central bank over the last 23 years…far outweighs the amount that international investors currently hold. Is Iraq going to put something similar in place comparable to what Kuwait did in the early ’90s to make a lot of that stolen currency is null and void? …That would greatly reduce the money supply in a split second.
I really hate when people make the Iraqi dinar investment look foolish because this is a real investment. I believe in the Iraqi dinar revaluation more today than ever before…
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MilitiaMan
Article:
“THE PARLIAMENTARY FINANCE COMMITTEE PROPOSES PRINTING MONEY TO SECURE SALARIES INSTEAD OF RAISING THE EXCHANGE RATE”
This shows the political temperature around the salary bill is high. Some prefer the short-term liquidity tool of printing over an exchange-rate step…Printing more dinars…is a short-term monetary expansion and carries inflation risk. A coordinated rate adjustment…would implement a REER-style realignment of the dinar…The pressure is real and the debate is quite active.
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Reset Intelligence
Iraqi salaries running late is not news. What is news is Baghdad stopped excusing the delays and started explaining them, on the record, with numbers attached. The government confirmed a liquidity crisis and said salaries will be delayed. The monthly salary bill is 10.8 trillion dinars. Domestic revenue against it is 2.5 to 3.5 trillion…The Central Bank of Iraq is sitting on $93.7 billion in reserves, under a gold pile rising in value…A state that rich does not have to plead poverty. It is choosing to…The Prime Minister’s own money adviser told the financial press that every salary is fully secured…Iraq has told its people this exact story twice before, and both times it impacted the official rate. The crisis on the screen is the preparation, not the emergency. Baghdad is readying its citizens for the moment Iraq’s money changes.
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Frank26 (KTFA)
Question:
“Will Frank have an 800 number?”
Frank26: No. Allow me to tell you where the 800# is. Get your credit card. Turn it around. You see the 800# for that bank that represents that card. There’s your 800#. Call them and ask them if they exchange foreign currency. The other 800# you need is the United States Treasury’s phone number… They’ll tell you what banks are exchanging.
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Kaperoni
If your country is only worth $16 trillion dollars, how could you RV 100 trillion dinar at 1 to $1? Where would you come up with the other $84 trillion dollars when your country is broke? Come on people wake up!
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Sandy Ingram
A pattern is being set and followed that can lead to the increase in the value of the Iraqi dinar. It’s a fact that can not be ignored that Iraq is continuing to build the financial infrastructure of countries participating fully in the global economy…
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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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