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Dinarland Highlights – 9.2.26
Mountain Goat
…all the news has been fantastic. All the great news over these last couple weeks is all about removing the zeros and how they intend to do it. The Finance Committee specifically said there is NO revaluation to the process. This is not the Real Effective Exchange Rate (REER) which comes later when they move back to FOREX (reinstatement to trading platforms), put the dinar on a float and repeg it to an IMF basket of currencies. Everyone needs to know the difference. This process back to FOREX is a multi-step process… the important part now is the timing of this event of removing the zeros. WE now have many confirmations that they are going forward with it now. We know this Project to Remove the Zeros is close at hand and is going to be completed shortly.
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Tishwash (TNT)
Article:
“Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.”
Quote:
“discussions related to completing the government formation will be completed during this week, in preparation for sending it to the House of Representatives next week for a vote.”
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MarkZ
Comment: Walkingstick say Aki (Iraqi Bank owner) says “Everything is set in motion.”
MarkZ: I definitely believe that one to be accurate.
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Jeff
Question:
“What’s the difference between a REER and a reinstatement?”
Jeff: The REER is the real effective exchange rate. That’s what the value of the exchange rate is. The reinstatement is them taking it from where it devalued and reactivating it, reinstating it.
There’s certain [people] telling you deleting zeros isn’t going to happen until January. It’s up to you if you want to believe that. I would not…Let’s bring some common sense into this. Iraq cannot tell you the exact date they plan to delete the zeros…If the new budget goes into effect January 1, 2027 they need to have the new currency in place and the old currency out of commission fully withdrawn and removed by that time. That’s why it makes the most sense for them to do the deletion of the zeros from October 1st through the end of December.
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Stephen
I have many conversations with people in the dinar community every single day. All of us are pretty much of the same opinion that Iraq is going to revalue their currency. We might not agree on the rate. Some people think it’s going to be a reinstatement of Iraq’s old rate… $3.22. Some people argue it’s going to be a 1 to 1 revaluation where one Iraqi dinar equals one US dollar. Some people argue for a lower revaluation, maybe 50 cents…Sometimes we don’t all agree on the same thing. I like to form my conclusion based on the research, based on all the talk that I’m having with these gentlemen because they’re all very smart. And then I like to come to my own decision…
The Iraqi dinar is a very real investment. We are invested in the currency of another country. It does not get more real than that…I believe IMO there will be a day that the Iraqi dinar does revalue. That day has not come yet.
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Clare (KTFA)
Article:
“US State Department: Iraq has begun a new path under al-Zaidi’s leadership, and we aspire to a strong partnership”
Quote:
“The US State Department confirmed on Tuesday that Iraq has begun a new path under the leadership of Prime Minister Ali al-Zaidi, in full cooperation with the United States.”
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Reset Intelligence
This week the world’s 20 largest economies agreed on the record that a currency priced below its fundamentals is not a fact of nature. It is a fault produced by choices, harmful to everyone at the table and assigned to the IMF and the OECD to watch…When Treasury told Japan the yen sits below its fundamentals the remedy on the table was not a devaluation it was up. That is what restoring equilibrium means…The dinar has spent…decades priced by politics, war, sanctioned scaffolding, by books nobody could verify, by a shadow economy that needed the number low. Every piece of that pricing is being dismantled in public and you have watched it happen…What was missing was the rule that says the gap itself is the problem. As of this week that rule sits on the G20’s own letterhead. The question is no longer whether anyone powerful wants a level playing field…The question is what happens to the most deliberately underpriced currency on the field when the whistle finally blows.
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Frank26 (KTFA)
We need to see a government formed. If we can get that government formed, that’s to me the next thing we’re looking for. Then, God willing, we’ll see the CBI talk. That’s the sequence of events that we’re looking for…
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SkyWalker
The currency exchange took place from October 15, 2003, to January 15, 2004 for the Iraqi dinar that us speculators currently hold. That suggest that when the currency exchange happens under the Delete the Zeros Program it is possible to happen at the end of the fiscal year or at the beginning of new fiscal year. Given that it would be best to time the issue of the new lower denomination currency before the next fiscal year to align with budget periods for the Iraqi government, annual business budgets within the Iraqi economy, and to allow time for merchants to adjust dinar prices throughout the Iraqi economy I can see a major move by the Central Bank of Iraq starting in the fall of this year.
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Sandy Ingram
The currency of Venezuela is similar to what happened to us with Zimbabwe’s currency. Lots of currency for sale…in the country of Venezuela is no longer used and is basically worthless.
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Kaperoni
The central bank is strengthening its policies, proceeding forward with the digital transformation. Getting away from physical currency. Only with the success and growth of their own economy will the dinar then begin to rise gradually. This is what the CBI is working towards.
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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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