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Dinarland Highlights – 8.8.26
Bruce (The Big Call)
[via WiserNow]
One of our contacts, one of our sources, came out and said Saturday, Sunday, and added Monday as a possibility. I really wanted want you guys to get the feeling that we are close, that we could be there this weekend…Saturday, Sunday…Monday has been added as a possibility, and it could be we get notified over the weekend.
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Ross
Iraq does not revalue the Dinar to escape crises of this severity BUT sink-or-swim is the only thing that historically forces Baghdad to move on structural files that have been stalled for years. The solution that will provide a boomerang towards the revaluation of IQD.
1. Real expenditure rationalization and non-oil revenue expansion.
2. Acceleration of the long-delayed Oil & Gas Law/Hydrocarbon Law framework…
3. Banking-sector cleanup, better customs collection (ASYCUDA push), and tighter control over regional revenue transfers…
4. Possible formal borrowing authority that comes with conditions or oversight…
5. Serious c********n cleanup and recovery of public/stolen funds…It strengthens reserves, reduces the need for printing or emergency borrowing, and signals that the system is finally being cleaned.
6. Continued push on digital payments/ reduced cash economy (cuts leakage and improves tax collection).
7. Clear, enforced resolution of the Kurdistan oil and revenue-sharing mechanism so the federal budget is no longer constantly bleeding.
8. Full completion of the cabinet under al-Zaidi and a functioning government that can actually pass and implement the above (vote coming 8/15-20).
None of these items equals an automatic higher dinar rate. Collectively they shrink the fiscal hemorrhage, raise the quality of revenue, reduce leakage, and make the revalued currency defensible. All of this is achievable and Baghdad has no choice but to act swiftly. Lightning-speed fire under Iraq’s a*s progress is and will continue to unfold…
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Jeff
Most news is about unpaid salaries and what they’re going to do to work towards resolving that. But I want you to realize brokers are also coming out telling us they can’t get currency hardly anymore. They’re struggling. It’s a lot harder. It’s going to take them a lot longer. This is all suggestive the rate change is extremely close and might be happening this month of August. We have to see the cabinet completed and the government formed first.
Most of us believe this is a reinstatement...What did it devalue from back in 2003? …$3.22. If we take the sanctions off, it should reinstate to at least $3.22…Historically Iraq’s currency has always been slightly above Kuwait. Today Kuwait is around $3.24 to $3.26...Fair to say when Iraq jumps back in the arena they’re also going to come in slightly above Kuwait…
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Pimpy
Article:
“Will the Federal Government Remove Three Zeros from the Iraqi Dinar?”
Let’s all keep our fingers crossed, is that they don’t remove the zeros…a currency redenomination… I remember going over this billions of times with you guys. Even through they’re going to change the look of the Iraqi dinar, they’re not going to change the value that it brings. So instead of 25,000 note times the currency exchange rate, 0.00076 equals $19. Once they remove the three zeros it becomes a 25 dinar note. 25 times the exchange rate, 0.76 still equals $19…That’s not what you were hoping to get. That’s why I’m saying you better hope they keep the zeros on.
People have constantly asked me, besides the Iraqi dinar, is there any other currency out there to invest in? … Yes there is. I’m not here to tell you one way or another whether you should invest in it or not but you guys should really be paying attention to the yen…Scott Bessent Note “To Do: Buy Japanese yen.” That’s the note Scott Basset wrote during the [White House] meeting and a photographer picked it up and took a picture of it.
Article:
“Yen hold gains after Japan, US confirm joint intervention, signal more action”
If you guys are thinking about investing in a currency you might thing about buying into the yen.
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Stephen
If Iraq ever moved to a stronger exchange rate, which all the signs are pointing to, the average Iraqi citizens would likely benefit through greater purchasing power, lower cost of imported goods, more stable currency. That doesn’t mean all citizens in Iraq becomes millionaires overnight. Foreign investors by contrast would experience a large capital gain because they acquired the currency before the appreciation of that currency. That’s what it comes down to.
When people say the dinar is not going to happen, it’s not possible to have this crazy return on your money – If I would have put the same amount into Bitcoin that I did in the Iraqi dinar my net worth would be in the $9 billion range…Hindsight is 20/20…The dinar is only the beginning.
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Samson
Article:
“AN OFFICIAL SOURCE : A SHIPMENT OF $500 MILLION IN CASH HAS ARRIVED IN IRAQ”
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Frank26 (KTFA)
A 25k note is a three zero. A 500 note is a two zero. A 250 is a one zero. That’s how these physical notes are disappearing in Iraq.
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Sandy Ingram
Vietnam remains one of Asia’s strongest manufacturing and export economies. The government manages the dong carefully so any appreciation [of VND] would likely be gradual rather than sudden.
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Clare (KTFA)
Article:
“US Fed sends $500 million cash shipment to Iraq amid financial pressures”
Quote:
“The United States Federal Reserve has sent a new $500 million cash cargo to the Central Bank of Iraq…The dollars will be used for permitted overseas transfers and transactions involving Iraqi citizens. Further supplies are planned each month, with a government official estimating annual cash delivery of $8 billion to $10 billion.”
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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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