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Dinarland Highlights – 8.31.26
MarkZ
[via PDK]
Things are lining up with activity in Iraq… They are telling us in a number of news articles today that they should have the rest of the gov sat shortly…they are looking at finishing up 9 more positions. Many believe this needs to be done before the new rate.
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Mountain Goat
Article quote:
“… removing zeros could be part of a “broader monetary and banking reform package that enhances confidence in the dinar and supports economic stability. It is not a single, formal procedure.”
Here we see in this article…yet another confirmation that removing the zeros is just one step in the overall process, the overall plan is to get back to FOREX…the article tell us that removing the zeros is part of a broader plan “It is not a single, formal procedure”. What is this broader plan? …the next step in the plan after removing the zeros, is reinstating back to FOREX. Their words today…Dr Shabibi’s words from 2011…
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Stephen
This last week was one of the most revealing weeks that came out of Iraq as long as I could remember…This past Monday alone we had 15 articles specifically referring to deletion of the three zeros, redenomination. We had multiple political forces talking about it. Then on Wednesday the CBI comes out and denies it…no, we’re not moving forward yet, we’re going to wait, but the night before the CBI made that [announcement], parliamentary finance member came out and said the denominations are already printed and ready to go. They’re not even talking about designing them anymore, they’re printed and ready. So, it’s a lot of conflicting information which is what you expect just before this being does take place…This thing we’ve been waiting for, for a long time is upon us…
My timeline has always been between now and Christmas. I will be surprised if we get out of 2026 and we do not have a rate change. I will be quite shocked…I want Iraq to do this the right way. I don’t want them to rush it and the rate lowers or they mess anything up…When you’ve been in this for so long, what’s another few months? We’ve made it this far.
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Jeff
They can’t work on any of the old long-awaited stuff because they’re done. They’ve gone as far as they can go right now…HCL, Article 140, pseudo ’26 budget, the ’27 budget, everything in Iraq is clearly waiting for the rate to change before they can move forward.
They’re not going to just offer the brand new small notes and delete the zeros instantly. They need to get educational information out to the citizens…To get that type of information out…they might need a period of time to do that. For example, if they were to change the rate middle to early second half of September that could give them 10 to 15 days to publicly get all this information out, ‘Hey, you’re going to have 90 days to turn your old notes and get new small notes…‘ That way if they were to start deleting the zeros October 1st…the 90-day period would span from October 1st through the very end of December. By the very end of this year, the old large 3-zero notes would be fully withdrawn and as of January 1st, when the new rate-change based budget goes into effect…the new notes would be completely in place.
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Reset Intelligence
The biggest mistake is comparing banks on the headline rate alone. The rate is one number. The package is the rate plus fees, on-boarding, plus what the institution does for you in the months after. A higher headline rate with a punitive fee schedule routinely nets out worse than a lower rate with waived fees and clean on-boarding. A private banking introduction can be worth more in the first 18 months than a marginal improvement on the rate. Decide on the package.
Iraq’s currency in circulation runs to roughly 113 trillion dinar, most of it outside the banks. People…look at the size of the imagined payout, and conclude the math cannot work. That objection assumes one treasury funds both lines. It does not. At home [in Iraq], the swap is housekeeping, funded locally, at equivalence, no premium involved…Abroad, the redemption settles off Iraqi soil…against collateral positioned for exactly that purpose…Baghdad’s oil account, its gold, and its reserves stay where they are…Iraq’s balance sheet is not the ceiling on your redemption, because the redemption never comes off Iraq’s balance sheet.
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Clare (KTFA)
Article:
“Iraq Considers Currency Overhaul To Expose Looted Funds”
Quote:
“The Iraqi government is considering introducing a new currency that would remove three zeros from the dinar to simplify transactions and bring funds looted through c********n under government control…A source in the Iraqi Prime Minister’s office…told The Media Line, ‘The decision will be made in the coming period, and it is hoped that the procedures will begin during 2027.‘ ”
Article:
“The American newspaper The Media Line reports that Iraq is considering removing three zeros from the dinar, and the project’s procedures could begin in 2027.”
Quote:
“In contrast, the Central Bank of Iraq confirmed that no decision has yet been made regarding printing a new Iraqi currency, explaining that any future move to restructure currency denominations or remove zeros requires going through several legal and regulatory stages before moving to implementation.”
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Frank26 (KTFA)
Every day since the 11th of last month it’s just been amazing…The GOI made an announcement. Article quote: “Removing the zeros from the currency may begin early next year.” …In my very strong opinion this is not a leak. My teams are telling me this is being done on purpose…The next 4 months is going to reveal everything about January 1st…They can give you the lower notes and lift the 3-zeros before January 1st…This is preparing you for what is about to happen.
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MilitiaMan
The two pocket picture. Think of Iraq’s money as two pockets. Pocket one is dollars from oil. Pocket two is dinar used to pay salaries. The exchange rate is the door between those two pockets. The CBI sets what $1.00 is worth in dinar. If they print more dinars, [dinar] pocket two get bigger on paper [but each dinar is worth less dollars]. The door does not change…A rate adjustment changes the door. If the dinar is reset stronger, each oil dollar that comes in and creates more dinars [maintaining the value]…A new rate only works if both pockets are being fixed at the same time…
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Samson
Article:
“IN NUMBERS … IRAQI OIL EXPORTS HAVE BEGUN TO RETURN TO THEIR NORMAL LEVELS”
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Sandy Ingram
President Trump announced what he called the biggest oil deal in world history involving more than 65 billion barrels of proven Venezuelan oil reserves…With the instability in the Middle East and problems moving oil through the Strait of Hormuz, having access to enormous oil reserves in the Western Hemisphere could become extremely important to the U.S…This is a story about what could happen over the next decade and beyond. The United States may be establishing a major long-term position inside the country with the largest proven oil reserves on Earth…You want to look at the possibility or investing in Venezuela’s currency. We will be watching…over the coming months.
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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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