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Dinarland Highlights – 8.29.26
Bruce (The Big Call)
I get a call, and…this person says. “It looks like a weekend kickoff, and we should be exchanging very early next week.” …two other pieces that came in, one was from somebody who works directly with the Redemption Centers all across the country, and she said…this weekend should be the kickoff of everything, and we should have a wonderful week next week…and then the last piece of information…it said…”This is all just part of the movie…The movie ends this weekend. …Next week should be a glorious week for all of us.”
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MarkZ
[via PDK]
On the bond side-There are great expectations that they get paid throughout the weekend with currencies starting early next week. There are a lot of people calling for it this weekend…but stay grounded. There is a lot coming together is a short period of time.
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Tishwash (TNT)
Article:
“Voting on 9 ministries next week… Will the deadlock over the security ministries be resolved?”
Quote:
“…Parliament is expected to vote on nine ministerial posts next week, noting that some minor disagreements remain regarding several ministries, particularly the security ministries.”; “the anticipated vote will be an important step towards finalizing the government formation process.”
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Jeff
Question:
“What exactly do I do when this pops?”
Jeff: Go to the bank and exchange.
Question:
“Do you think we will have to pay income tax?”
Absolutely you’re going to pay income tax. When everybody got into this and bought currency from a licensed brokers with the US Treasury, they asked for your social security number. That was for tax collection purposes.
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Stephen
I believe we are coming to the end of this long long ride. There is too many coincidence, too many things converging …We have Iraq being fully sovereign September 30th…all the militias in Iraq have been disarmed and disbanded…We are seeing things converge and move way too quickly… We are in a period of true acceleration in this investment. There’s too much happening, too much coming out…I refuse to believe it’s all just a coincidence.
Where banks go crazy is when people bombard them with calls and [ask] do you deal with Iraqi dinar. Banks don’t want to deal with those headaches because…this is a speculative investment. Banks deal in absolutes. Banks are businesses. They don’t deal in hypotheticals…They’ll deal once the thing happens...“But my bank said they don’t deal with it.” No kidding. They’re going to continue to say that until there’s a change in value. Please stop wasting your time…Banks are going to deny until there’s a change in value.
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Reset Intelligence
The redenomination of the Iraqi dinar (IQD) is the most common fear in the dinar community, and the fear…runs like this. Iraq deletes the zeros and forces every note through a 1,000-to-1 swap. The foreign holder who waited 20 years…walks out with a fraction of what he held…Iraq is not running this entire process to make its money worth less…The whole design points one way, and that way is up…Deleting the zeros changes the face of the money, not what it buys. A 25,000 dinar note becomes a 25 note, prices drop the same 3 zeros, and purchasing power walks across intact. It is domestic housekeeping. Iraq pulls its own street cash through licensed counters, exchanges old notes for replacement notes or an electronic balance, and destroys what comes back.
That swap at home [in Iraq] is one door, and it was built for one crowd: the trillions of dinar sitting in Iraqi mattresses, market stalls and shop tills…It cleans the circulation, pays nobody a premium, and was never meant to…A foreign holder was never in that queue. Your notes sit on a different line entirely…A banknote is bearer paper… payable to the face of the note…When the redemption side of this event runs, 3-zero notes held abroad are honored at face value, priced at the revaluation rate…and settled through the international banking layer rather than through a teller window in Baghdad or the CBI… the exchange that reaches a holder abroad is the revaluation, not the zeros.
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Clare (KTFA)
Article:
“Officially… “Taif Sami” is on the US terrorism watch list”
Quote:
“The U.S. State Department announced on Friday evening that it had cancelled the visa of Iraqi citizen Taif Sami Mohammed Al-Shakarji…Taif Sami was awarded the International Women of Courage Award in 2022 by former US Secretary of State Antony Blinken and former First Lady Jill Biden…The award is described as being given to ‘women from around the world who have shown exceptional courage, strength and leadership in advocating for peace, justice, human rights, gender equality and parity, and the empowerment of women and girls, in all their diversity’…Taif Sami served as Minister of Finance in the government of Mohammed Shia Al-Sudani between 2022 and 2026, and before that she managed the Budget Department and the Ministry’s Agency.“
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Samson
Article:
“AL-ZAIDI GOVERNMENT HIGHLIGHTS FIRST 100 DAYS, CITING RECOVERY OF $160M, 380B IQD AND 402KG OF GOLD”
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Sandy Ingram
We think Venezuela could become the next Panama as far as the currency is concerned. Over the last two weeks Venezuela’s currency [Boulivar] has mostly been stable…Venezuela is experiencing something we can only hope Iraq will experience in the near future…This is what happens when the US is for your currency revaluing or adjusting to a higher rate. First, the United States eased some sanctions allowing transactions with certain Venezuelan banks…At the same time the Venezuelan banking system has started reopening to more international activity which means banks can handle dollar payments and access money from oil sales more directly. All of this helps boost confidence…This causes global investors to take a second look at Venezuelan’s currency and perhaps invest. The key takeaway is US banks are allowing transactions with Venezuelan banks. We can only hope the US will allow transactions with the Iraqi dinar. Venezuela has more oil reserves than Iraq. Never forget this. In fact Venezuela has the largest oil reserves in the world…
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Kaperoni
Nothing is happening with the dinar for a while. Until Iraq’s economy begins to prosper, the dinar will remain weak.
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Frank26 (KTFA)
Question:
“Why are banks still lying to us?”
They’re not lying. They’re telling you the truth. They don’t have the permission to do it yet.
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MilitiaMan
The CBI has been awfully quiet. All these three zero topics, delete the zeros, all these different things, you haven’t heard much from the CBI…
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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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