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Dinarland Highlights – 8.19.26
MarkZ
Short bank story…From a Wells Fargo and one of our members – “So…(Saturday) I accompanied my friend to a WF branch. While waiting for her in the lobby I saw new machines in a glass walled room and asked an employee if those were the new currency exchange machines…she said “Yes they were and they arrived just a couple weeks ago”. She told me that for the time being only the manager can use them but, two bank employees were training to work them soon for the new currency exchange system…. This was in Florida. This is happening with many banks and does not make sense unless they were preparing for something.
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Mountain Goat
Article:
“IRAQ TO DROP ZEROS FROM ITS CURRENCY AS DINAR ‘REDENOMINATION RETURNS?”
Note the question mark in the title. In the article it says that “Iraq’s Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country’s monetary authority and has not publicly confirmed a timetable. Is Iraq preparing to remove zeros from its currency after years of discussion over a possible dinar redenomination?” The news is just flowing from Iraq like an over poured bier flows from it’s stein…It is so amazing what is going on now as we are about to see the removal of the zeros from the Iraqi dinar…The pressure to conduct the Project to Delete the Zeros is enormous.
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Ariel
The new currency began arriving in Baghdad…at approximately August 6. It was contracted for printing long ago…and is now sitting in a vault waiting for deployment…Physical currency doesn’t get printed, shipped across borders, transported to Baghdad under security, and then sit in a warehouse indefinitely…The longer the new notes sit, the higher the probability of a leak that would allow the c*****t to begin converting hoarded dinars before the switch…They cannot hold this much longer… The switch has to happen within days, not weeks.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: The television here in Iraq says there are plans to remove the three zeros from the dinar and reprint our currency. The move they say aims to tackle large denominations, to push hoarded cash into the banks and to curb illicit money…If it follows a 1,000 old dinar to a new 1 dinar rate, then 1 million old dinars becomes 1,000 new ones. This redenomination simplifies transactions without automatically booting purchasing power or the exchange rate. Experts note it could reduce the money supply if old bills go un-exchagned. They say on TV that while online voices mix optimism about isolating legitimate funds with caution on real gains amid current rates that near the .00076 per dinar. The central bank has not set a timetable.
The lifting of the three zeros is nothing more but a little flip of a switch…because Iraq’s currency the dinar is digitalized…We’re looking for the lower denominations to come out now…because the mechanics of lifting the three zeros is ready to go.
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Jeff
Keep your eye on the cabinet. That is the mother of all secrets. The rate is going to change in close proximity to that date. That’s why that is the mother of all secrets right now.
Question:
“How about dinar holders that are not from the USA? Where do we go to exchange them?”
Jeff: That’s up to you. You have to find out…You may have to travel to a different country that can assist you and do that for you and help you with that…Call the banks and talk to the management there. They’ll tell you if they can help you or not. If you are in Canada you should have no problem coming to the US.
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Pimpy
Yesterday I learned something I was not aware of. Once they redenominate, you only get a time frame to bring it in. I get that. But people outside of the country, if you don’t have a place to go exchange your currency, you can lose out altogether…You’re a*s out. What is Iraq trying to do? They have a liquidity problem. So, how do you catch the criminals? You delete the zeros – you redenominate. You change the nominal value of your currency so the Iraqi people who are not criminals don’t loose any value of the currency. A 25,000 dinar becomes a 25. You force people to bring in the old currency in Iraq and out of Iraq. You swap out the old notes for the new notes…
I told you long ago, we do not want them to delete the zeros. I see all these other gurus out there celebrating, yeah, let them delete the zeros. It’s going to be great for us! No it’s not! We don’t want them to delete the zeros off the currency. We want them to keep the zeros on and then change the exchange rate…Just use common sense… Multimillionaire not going to happen – if they delete the zeros you can kiss that dream goodbye.
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Stephen
Right now there’s a lot of people that are scared. They’re fearful. They’re running around with their hair on fire saying, ‘what do we do?’…This was always the playbook. Before the revaluation happens there was always going to be a misinformation campaign. There was always going to be a lot of loud noise surrounding this, trying to throw you off, trying to get you to have doubts and fears and worries. That’s what we’re seeing right now…The news that broke Saturday night changed the game. Moving forward we are going to be in for a bumpy ride…I’m steadfast. I’m holding firm in my convictions…A lot of you are not getting rattled or shaken…We are entering a time where this is going to separate the boys from the men…A lot of people are going to get rattled.
If this was going to be a flat redenomination where they chop off the zeros, it’s a net neutral event then why are they being so secretive, so careful, with what they’re saying? Why are they even walking back those comments [about how the decision has been made to delete the zeros]? Historically when countries have redenominated there’s no need to…keep it a secret ahead of time because it’s a net neutral event – you exchange your old notes you have for news note, the value is…the same, you don’t have to keep a tight lid on it.
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Thom
The “dropping the zeros” talk is everywhere right now. Minister Sanad says the decision is made. CBI hasn’t confirmed a timetable. The community is lit up. I’ve seen this movie before. Excitement peaks. People start counting money…Almost nobody is talking about what happens after the exchange…Holding was the hard part for most of us. Stewarding it is the harder part. When the rate changes and the zeros drop, the people who are prepared will build generational wealth. The ones who aren’t will burn through it like a lightning bolt hitting a gas station. Don’t blow the blessing. Be ready.
Question:
“A few gurus mention that they believe the iqd and vnd will go together. Can you explain your belief on why or why not? I hold both.”
Thom: I hold both myself… Iraq and Vietnam are as close as they used to be under Saddam. Also, Vietnam is ON IT! In Fact, the FTSE Russell upgrades are what I am watching, and because of those, it is my opinion that the Dong will appreciate over the next year. Iraq has a history of simply changing the rate in a single day.
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Kaperoni
All of this talk in my opinion about deleting zeros, removing zeros are a neutral event to reduce trillions to billions is not appropriate for Iraq. These are quick fixes but do not actually address the real issues and are just methods to discourage speculation at this point…They will eventually be floating their currency. This is a gradual event, not an overnight event.
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Sandy Ingram
Conflicting breaking news coming out of Iraq. We have one report saying the Iraqi government has decided to remove the zeros. They’ve been talking about this for decades. But then there’s another report that comes out and says so far this is just a discussion. No draft legislation has reached the parliament and there has been no first reading and no implementation data has been established… The Central Bank of Iraq has not said diddly squat…
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MilitiaMan
The zeros file dominates as you can see…There’s a real distinction between changing the official rate of the existing dinar and deleting the zeros to create a new unit of account…They’re not going to get purchasing power if they only do one, they’re only going to get a redenomination and that’s it. Why have a new currency if you’re just going to do a reverse split? …But when they add or create a new unit of account, that’s a Real Effective Exchange Rate…
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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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