______________________________________________________
Dinarland Highlights – 8.24.26
Judy Byington
The exchange rates for IQD and VND are already showing up in internal banking systems at levels that the public can’t see. Public forex platforms are behind because they are not on this track. Tier 4B works on its own and is already (allegedly) moving money.
=======================================
Mountain Goat
Question:
“do we as dinar holders outside of Iraq have any assurances that when the timeframe to turn in 3 zero notes expire inside Iraq that our 3 zero notes will still be accepted?”
Mnt Goat: …all we know is what the CBI told us in their plan of 2011. So far my current CBI contact said they intend to stick to the plan…our three zero notes OUTSIDE the country will be used for interbanking… Two paths – what they have to do to recover the hordes of currency inside Iraq and the the second path is what they do to collect our dinar. Two different paths. The point is all our notes will remain legal tender. Don’t let anyone discourage you. I have been at this for 20 years and I know what they intend to do. If they change it I will be informed by my CBI contact. That is the important part.
=======================================
Jon Dowling
Iraq Currency Update: Why September 15th Could Be a Significant Date…A major milestone in Middle Eastern economic stabilization has been reached with the Kurdistan Regional Government (KRG) Finance Ministry officially submitting its 2027 budget proposal to Baghdad… Expected policy decisions scheduled around mid-September could provide much-needed legal certainty for digital asset platforms, institutional investors, and blockchain enterprises…
=======================================
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
OMAR: The television is telling us…they’re going to delete the zeros…and repeating it over and over. They don’t go into the next part and define how is it that we’re going to be getting purchasing power through the lower denominations. And also when you get it out of our borders, they’re going to delete the zeros is all they keep telling us, not giving us any value…It’s just a cosmetic fix is what they’re telling us.
FRANK: I disagree with the television because lifting the three zeros will definitely make your currency worth at least 76 cents…Then we will take it to a dollar or $3.22 or $4.25 outside of your country. Inside, your goal is 1 to 1.
Nobody knows the tax code for this investment. I’ve always gone by the idea that if you have some type of a profit you really think Uncle Sam is going to let you keep all of it? …They’re coming after you. Who is it? The government. Not your neighbor, not your mother-in-law, not your best friend, not your enemy…the government. Because they feel a legality to do so.
Advertisement
______________________________________________________
=======================================
Reset Intelligence
Over one weekend, Iraq moved the currency question out of the committee rooms and onto the evening news. The central bank governor told parliament the current monetary stance is a “gradual transition.”…Iraqi-press channels framed the weekend’s programming as a single question: after the zeros come off, does the dinar strengthen or collapse? ...No state does what Iraq is doing in order to preside over a collapse…A country that expects its money to die does not teach its people how the money works, it rations, it denies, it blames. What Iraq did over these three days is the opposite…Now the public is schooled on the difference between deleting the zeros and anchoring value…The Iraqi dinar is the most attended to currency on Earth.
A peg is a decision a country makes once and then defends for good…Iraq put that chart on television 37 days before the deadline that settles who holds the country’s weapons. Behind it sits a budget that has to write down what the dinar is worth…
=======================================
Jeff
The budget is being sent to parliament for approval – starting October through December. The rate has to change before that along with all the US troops [leaving]. [Before] all the troops and equipment [leave] according to Trump, we’ve got to get paid. Those two scenarios are suggesting it’s probably most likely in mid to second half of September...At the end of the day this isn’t that far away. It’s very close and that’s what matters…
Question:
“Can Iraq be a sovereign country October 1st without changing the rate?“
Jeff: Not 100%. To be sovereign a country needs to have full control and freedom over their money, what they’re allowed to do with it…So, no, they have to have full power and control over their country and money to be sovereign.
=======================================
Stephen
What we are seeing the last few months is an acceleration period like we have never seen before…We have never seen this much progress that we have seen in all of the last 23 years combined. It’s absolutely incredible what we’re seeing in the last few months…We are seeing things happen at break-neck speed…We don’t know how much longer this is going to go. I am personally am excited…Could it be September…October… November…December? Nobody knows…
There’s been a lot of talk in the dinar community about the redenomination. Since last week it has taken the entire dinar world by storm, arguing and saying Iraq is going to cut three zeros, it’s going to be a net neutral event, dinar investors are going to get stuck with pretty much what they paid for their dinar initially. Then you have the revaluation or reinstatement camp…saying, no, no no, this is amazing news because any form of a revaluation or reinstatement has to be accompanied by some type of redenomination, issuing lower denominations that have increased value. That’s the camp I’m in. I hope you are in that camp as well…
=======================================
Advertisement
______________________________________________________
Omar
The CBI has officially made the announcement that they have opened the exchange rate review. This rate has been closed since the rate was changed back in 2023. At least we know they are reviewing a change. This is so encouraging compared to this last week…At least we know the file is open.
=======================================
MilitiaMan
Purchasing power vs. redenomination – What’s the difference? With a redenomination there’s no purchasing power. It does “ease of use”…A straight redenomination, simply deleting zeros and issuing new notes, changes the unit of account – 1,000 old dinars become 1 new dinar or 10,000 become 10, depending on how many zeros deleted. It’s that simple. Prices, wages and contracts are rewritten by the same factor on paper. Nothing about the economy’s productive capacity, export earnings, reserve coverage or institutional trust is automatically improved. Redenomination does none of that. If the underlying conditions are weak, the new notes can lose value just as the old ones did…History is full of examples where zeros were removed. Inflation simply continued until new face. I don’t think Iraq fits that.
How is Purchasing Power different? Purchasing power is what a dinar can actually buy in goods, services and foreign currency. That is determined by real fundamentals…the credibility of monetary policy and the willingness of the market to hold the currency rather than flee it…A coordinated Real Effective Exchange Rate realignment managed by the central bank in concert with the gatekeepers is an attempt to set the rate at a lever that reflects those fundamentals and then defend it. It is not cosmetic…It requires…the political willingness to let the rate move in a controlled way and then hold it…A REER path…is harder, slower and more credible…That’s the route Iraq has taken…but the decision hasn’t been taken. A date has not been set…They’re not going to broadcast it.
=======================================
Thom
In my opinion, a redenomination without a new REER would be as disastrous for Iraq, like it was for Mexico when they did that to the peso back in the mid 90s.
=======================================
Sandy Ingram
I personally am hoping and looking for international currency brokers to be available in the United States to exchange the new Iraqi dinars for the old banknotes. They’re going to charge a fee and more than likely it’s going to be a hefty fee. I don’t want you to mail or ship your IQD to anyone. Therefore, if there are certain places in the United States where you can exchange, you may have to travel to these places within the United States. [I] Will keep you updated on what is and is not happening on the exchange procedure and the time frame. I don’t want you to worry…
=======================================
Samson
Article:
“DEPUTIES AND EXPERTS: SEPTEMBER 30TH IS A HISTORIC MILESTONE FOR ACHIEVING FULL SOVEREIGNTY AND LAUNCHING A PHASE OF PARTNERSHIPS AND DEVELOPMENT”
—
Advertisement
______________________________________________________
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
https://www.dinarguru.com
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
