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Dinarland Highlights – 9.1.26
Mountain Goat
I have to tell everyone that there are new events that lead us to strongly believe that there is once again a target of January 2027 for a reinstatement. This means they will have to remove the zeros in the later part of 2026 (the fall season) in preparation for this later event early next year to occur. If you recall the significance of removing the zeros will set the stage for the reinstatement at much higher rate over the dollar. By removing the zeros in-country in itself will need a new rate of some sort (a revaluation) or these newer lower denominations will be almost worthless at 1/6 of a penny 1320 rate…
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MarkZ
Question: Is it finally our week?
MarkZ: Boy I hope so. There’s a lot pointing. It’s going to be an interesting week.
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Jeff
Question:
“Before the troops leave Iraq will we see a completed government and new rate or will we see it in October?”
Jeff: I think there’s a very good chance everything is going to transpire before the troops leave by September 30th – rate, cabinet, all of that…Whether the troops are out by the 15th or the 30th doesn’t matter, the rate change date is already scheduled.
They’re not showing you the cabinet until they’re absolutely ready…They make is so difficult to know when they’re going to do it. They don’t want you to know when it’s going to get done because the cabinet is the last final step that ushers in the rate change…The cabinet is being saved for the last and final step.
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Stephen
Question:
“My bank I have 2 accts I had an appt with the wealth manager and he showed me on his computer that they don’t exchange Foreign currency… so your saying to wait and check when it values?”
Stephen: Some branches might not verify currency on site, so you need to find out which branches do on site verification…
I have a hard time believing we are going to make it into 2027 without seeing this finally happen…Everything is converging on a very very accelerated timeline. We are seeing things happen very very quickly…I truly believe we are in the very very final stages of seeing this finally come to fruition.
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Sandy Ingram
The Central Bank of Iraq cannot control the economy of Iraq unless they have control over the bank notes…The Iraqi people have thus far refused to put their money into the bank…The Central Bank of Iraq cannot control currency that it doesn’t have control over…The Iraqis do not trust the banks because their money disappeared and they have not gotten over that. I’m not sure you would either if that happened to you. So they hoard and hid their money outside of the banking system.
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Clare (KTFA)
Article:
“Sources told Al-Mustaqilla that the plan to remove zeros from the Iraqi currency is entering advanced stages, with a plan to replace the currency in early 2027”
Quote:
“The discussions are currently focused on developing a clear implementation plan for the replacement process, the transitional period during which the two currencies will be traded…as well as the procedures related to bringing the largest possible amount of cash …into the formal financial system…If it is decided…then renaming…could make every thousand dinars of the old currency equivalent to one dinar of the new currency…The Iraqi public is waiting for any official announcement in the coming days that could move one of the most sensitive financial issues in the country from the stage of studies and discussions to the stage of decision and implementation.“
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Frank26 (KTFA)
IMO September is for the next two steps in the process of Monetary Reform which is first redenomination with the introduction of lower denomination notes and the other is the reinstatement, leading to anytime after January 1st, the revaluation through an international float basket based on supply and demand of the international market. IMO the first part will be about $1.30 inside of Iraq. Then outside, we investors that invested in purchasing Iraqi currency will take the $1.30 to the real effective exchanges rate (REER) of $3.22 to about $4.25…We are getting close and closer…
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MilitiaMan
A redenomination, deleting the zeros, is a unit change. It simplifies the currency, forces a note exchange and can help pull cash into formal channels…It does not by itself change the real purchasing power…If they were going to redenominate, they could have done this years and years ago… A REER, real effective exchange rate, style adjustment is different. It is a coordinated managed realignment of the exchange rate by the CBI…It is a monetary policy decision…A coordinated rate adjustment is a deliberate structural move…Public discussion is correctly starting to separate them…the clarity is progress…
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Guy
Question:
“Let’s say the dinar revalues tonight …What are you going to do [first]?”
Guy: Within 24 hours, probably less, the dinar will appear as a tradable currency on the Forex…A few hours after that every bank in the world that exchanges currencies is going to update their screens...It should be automatic. So the currency screens of wealth managers and the private client managers of every major bank should know. They can look…and see, oops, the dinar is now worth $2.00, $3.00, $4.00, whatever it is.
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Reset Intelligence
There is a precedent for how this ends and it is right next door. When Iraqi forces invaded Kuwait in 1990 they looted the currency and the world wrote the Kuwaiti dinar off as a casualty of war. On the black market it fell to a nickel. Then came liberation and the central bank of Kuwait pulled every old note, rolled out a brand new series and the only money that turned worthless was the paper the invaders had stolen. Everyone holding the genuine notes walked into a bank, swapped old for new 1 for 1 and walked back out holding the post valuable currency on Earth. The reset did not punish the people who held the Kuwaiti dinar through the worst of it. It paid them.
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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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