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Dinarland Highlights – 8.28.26
Mountain Goat
Article:
“THE CENTRAL BANK OF IRAQ IS DISCUSSING REMOVING ZEROS FROM THE DINAR”
Quote:
“…there is a discussion about preparing a draft law that can be submitted to the House of Representatives if the Central Bank makes an official decision to proceed with the project.”
…my CBI contact told us she was in a meeting to discuss and review this draft law. It is ready for Parliament.
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Bruce (The Big Call)
[via WiserNow]
We had heard that Iraq had lower denominations of so-called new Iraqi dinar… these lower denominations were supposed to be in the ATM machines in Iraq, and we’ve heard that they were in there for months, and maybe even over a year now…They’ve been in the process for years talking about removing the three zeros and taking the value of those notes down by those three zeros in country, So a 25k note would be worth 25 dinar, a 10k 10 dinar, a 5k 5 dinar, and a 1k 1 dinar…not ours, only in country for Iraq… Now that has been taking place, and I believe was completed by Sunday… We had heard they were going to have the new lower denominations available on Monday…That means that they had a new value for the dinar.
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Stephen
Redomination versus revaluation. Redomination refers to just chopping off the three zeros – a 25,000 dinar note you would chop off the three zeros so it is worth about 25. It would be a neutral event if they redenominate the currency. Sometimes it’s referred to as a lop. They lop the 3 zeros. We don’t make any money…Iraq’s inflation rate is…3%. Kuwait’s inflation rate is about 2.5%…If Iraq’s inflation was out of control, redenomination would probably be the likely way of it going. If they never intended to revalue the currency, if they were just going to cut the 3 zeros off…they could have done that easily over the last 23 years. They haven’t. There’s a reason for it. There’s been a plan in place all these years for there to be a substantial value with these notes that we hold.
A few years ago if you would have said the US Treasury is directing Iraq or a US president is influencing the Iraqi political process and telling them who to pick as prime minister that would have been considered highly speculative and considered conspiracy because we didn’t have those facts in front of us…This is no longer speculation. They are literally telling us exactly what they are doing.
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Jeff
Question:
“When this goes down do you believe in 800 numbers to make appointments?”
Jeff: I don’t believe in all the call centers because you don’t have enough people condensed in one area and you don’t have enough people going to just one bank. Why would call centers be needed?
When Iraq revalues their currency, Iraq will be the only country to increase their currency at the point at which it happens. Other countries will not be going up. They will not be following suit.
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Reset Intelligence
Be prepared. On Monday Iraq ordered 7.5 billion new banknotes. Today the news from the ground is that you cannot buy the old ones. Two separate channels, with no line to each other, describe the same street: dinar cannot be found, cash machines offline or capping withdrawals, everything running card-only, and in Kurdistan public employees given days to get a bank card because the next salary arrives electronically or not at all. The pay trucks have stopped showing up… The [first sentence] is not our slogan. It is the instruction the evidence keeps giving.
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Samson
Article:
“SPOKESPERSON FOR THE COMMANDER-IN-CHIEF: THE WITHDRAWAL OF INTERNATIONAL COALITION FORCES IS PROCEEDING AT AN ACCELERATED PACE”
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MilitiaMan
The zeros file is no longer theoretical. It is being shaped in public…hard numbers on the cash outside the banks, expanded printed capacity and a clear warning to large undeclared holders…The foundation underneath it is the same system-work that began to take shape in 2023 and has continued since then.
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Guy
If the central bank stops their supply of fresh notes and we get reports from the 5 or 6 or 7 legitimate [online] exchanges [in the US] that they’re out. That’s it. I’d say that’s evidentiary reasons for getting excited.
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Frank26 (KTFA)
You think you’re not going to pay taxes? I agree, you’re not going to pay taxes at the bank. And I hope you don’t pay any fee at the bank. You exchange, and then the bank makes money with you and your money and everyone’s happy. But…the bank is not your government. You’re going to pay taxes on your capital gain that you’re going to get from this investment whether you like it or not and pretend that you’re never going to pay taxes.
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Pimpy
[If Iraq drops the zeros] The bank already knows there’s a redenomination. They know when you bring in your 25,000 dinar, it’s only worth 25 dinars. You’re not going to trick them. You’re not different because you’re overseas. It’s the same around the world.
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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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