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Dinarland Highlights – 8.6.26
MarkZ
[via PDK]
People…are now in place and waiting for the “GO”…Even the bond side says they are just waiting for the call. There are a bunch of people in position. Everyone is just waiting for permission to go.
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Mountain Goat
Article:
“CONGRESS COMMENTS ON THE BOMBING OF THE POPULAR MOBILIZATION FORCES: WE FUND THE IRAQI GOVERNMENT AND IT PAYS SALARIES TO THE MILITIAS.”
What? …This concept really gets my goat. They are using your tax dollars to stop the RV. I don’t mean directly or consciously even. What I mean is these funds being paid to Iraq is your tax dollars, yet by supporting the militia using these funds they are actually holding up the RV process.
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Jeff
There’s a massive currency shortage. They’re claiming it’s due to lack of oil revenues from the war… Iraq talks to you out of both sides of their mouth…You need to think about this from both sides…What are things that might happen when the rate’s about to change? …January through June, they kept telling us, ‘Hey, we’re eventually going to have to adjust the salary pay scales.’ What causes that? …A rate change force them to have to adjust salary pay scales…Is it possible they’re not paying salaries because they need to adjust the pay scale? …New currency denominations impact the budget and the salary pay scales…All possibly suggest the rate is about to change. Those are things Iraq can’t tell you. Iraq had no problem paying salaries during the first half of the year but when you hit the second half of the year it’s magically a big problem, which is potentially a new budget period.
Sanctions…that’s the handcuffs on Iraq. As soon as they take those off, Iraq can go international. Those come off when the rate changes. They happen together simultaneously…allowing them to go international…
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Stephen
The last 6 months we have seen change happen like never before. As someone who has been involved in this investment since 2011, Iraq has let deadlines come and go. They have meant nothing to Iraq. But…since the Trump administration has gotten involved with them, we have a new prime minister who is getting rid of c********n, he’s signing big deals, it’s putting pressure on the HCL law…we have Starlink which is going to allow citizens to do online banking, we have all of these banking reforms being implemented right now. This stuff is happening right before our very eyes…We are in very exciting times.
1-800 numbers are false. You’re not going to go to a redemption center…That is also false…And for the love of God, please listen to this last one. You are not going to send your dinar off to anyone…You’re not even going to let your bank take your dinar and send it off for verification. We are talking about large sums of money here. If you decide to let your dinar out of your sight and if you send it off to someone, even if they say they have your best interest…promise that they’re going to deposit it for you, if you lose it, if they take it, that is going to be your own fault. You are not going to let your dinar out of your sight. You’re going to have your eyes on it the entire time…
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Samson (KTFA)
Article:
“THE IRAQI MARKET IS ATTRACTING THE ATTENTION OF THE AMERICAN PRIVATE SECTOR”
Article:
“THE US TREASURY REMOVES FLY BAGHDAD FROM ITS SANCTIONS LIST”
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Clare (KTFA)
Article:
“Apple, Google, and Meta licenses Reactivating TikTok revenue in Iraq: Abu Kalal meets with the Central Bank Governor”
Quote:
“The meeting also discussed…regulating payments for influencers and content creators, in order to ensure that they comply with the approved legal, tax and financial frameworks…The two sides discussed mechanisms for attracting and licensing global digital companies and platforms, including Apple, Google and Meta, to operate properly within Iraq, and regulating their digital services and related payment processes, in a way that supports the investment environment and the digital economy.”
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Walkingstick (KTFA)
[Iraqi bank friend Aki update]
The shortage in liquidity in the markets is causing a big demand on the 3-zero notes…It means the rate is going in the right direction…There are no more 3-zero notes…now there’s a huge demand for the 2-zero notes and shortly there will be a great demand for the 1-zero notes…after the 1-zero notes will be the lower notes…Every day our rate fluctuates…The important part is the direction it’s going. Every day our currency is gaining value. That’s why the RI and the RD will be here soon. We are geared up to go international.
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Fnu Lnu
It is clear that, due to the war, the Strait of Hormuz has been closed, significantly restricting oil exports and causing a sharp decline in public revenues. As a result, the federal government is facing a crisis in financing its operational budget, particularly the payment of public sector salaries. To address this situation…the Iraqi government is reportedly considering deleting three zeros from the national currency. For example: 25,000 Iraqi dinars would become 25 dinars…Instead of expressing figures in billions, they would be expressed in millions…It also intends to revalue the exchange rate against the U.S. dollar. For example, after removing the three zeros, $100 could be exchanged for 150 Iraqi dinars…The government…believes this measure could help reduce the apparent size of operational budget expenditures, including salaries.
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Kaperoni
Even when Kuwait reinstated their currency back in the early 2000s they only had about $90 billion dinars of their currency in circulation. Significant difference. It is impossible with a net worth of only $16 trillion dollars to RV your currency with 100 trillion in circulation.
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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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