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Dinarland Highlights – 9.3.26
Bruce (The Big Call)
[via WiserNow]
Let’s see where we are with respect to the timing that we’re looking for…we are supposed to hear about notifications, 800 numbers somewhere between Thursday, Friday, and Saturday… I think it very well could be. We’re getting this primarily from Redemption Center leaders directly from Wells Fargo…Now, it doesn’t mean that’s the end-all, be-all, because we also know the military is actually in charge of the release of this. We haven’t really had military input…but overall, I like the timing of this…
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MarkZ
Iraq seems to be doing what it takes to increase their value.
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Mountain Goat
…I want to emphasize…that the budget is based on the price of oil and not the exchange rate of the dinar…it is not yet able to base the budget on the exchange rate and must use the price of oil at this time…Later, when the dinar is priced on FOREX then the exchange rate can be a larger part and used for the budgeting purposes…
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Jeff
They told you Iraq’s going to be fully sovereign starting 10-01. That suggests to me their real period for deleting the zeros, the 90-day window for that most likely will be Q4 October through the end of December of this year. So that as of 1-1-27 when the new budget is in effect…[along with] the new smaller denominations…
The budget is a law. All aspects of a law have to exist to approve it. Budgets are calculated off of what is a currency value. The correct currency value has to exist before they can approve that budget...
Article quote:
“The Iraqi government is preparing to submit the 2027 federal budget to the Council of Representatives by October.”
…That’s more confirmation the rate would need to change by the end of September for them to do that.
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Stephen
There’s been a firestorm in the dinar community arguing for redenomination…[or] are they going to revalue then redenominate?
Community Comment:
“My husband worked in Iraq. He was a contractor there. He bought a bunch of dinar, doesn’t have receipts…”
I have a problem too because I bought a lot of my dinar back in 2011 and the receipts…look like white paper. You can’t read anything on them. You’re going to be fine…As long as your dinars are authentic and legitimate you’re going to be okay.
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Sandy Ingram
Re-denomination and revaluation do not mean the same thing…A re-denomination changes the numbers printed on the currency, usually by removing zeros…Your purchasing power does not automatically increase. If 1,000 old dinars equals one new dinar, your bank balances, prices, wages and debts would be converted using that same ratio…It does not automatically make you richer…A currency revaluation means the official exchange value of the currency is increased relative to another currency or benchmarks…Suppose one US dollar buys approximately 1300 units of a currency. If the CBI changes the official exchange rate so $1 bought only 1,000 units, that currency would have strengthened in value against the US dollar…When Iraq talks about deleting or removing zeros investors must ask, Are officials discussing a re-denomination…or are they discussing a change in exchange rate or monetary reforms involving both elements?
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Clare (KTFA)
Article:
“The 10 strongest currencies in the world… the top four are Arab!”
Quote:
“Today, the Kuwaiti dinar tops the list. One dinar can buy more than three US dollars…The strange thing is that some of the world’s strongest currencies actually come from countries that are not major global powers. They are often small, stable, and heavily reliant on oil revenues …Kuwaiti Dinar It is considered the king of currencies…”
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Reset Intelligence
In 1990 two neighboring currencies both bought more than $3.00 each…One Iraqi dinar bought $3.22 sitting right beside its Kuwaiti neighbor at $3.47. Two dinars, two neighbors, both above $3.00. Then one was rescued and the other let out. Iraq sanctioned and cut off watched its money run until a dollar cost 3000 dinars. Same starting line opposite endings decided by one thing only whether the country was being let back into the system or locked out of it. For more than 30 years Iraq was locked out…
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Samson
Article:
“SHEIKH HAMOUDI : IRAQ WILL ANNOUNCE ON 1/10 [October 1st] THE PROJECT OF FULL NATIONAL SOVEREIGNTY”
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Guy
Question:
“When the dinar revalues, do you believe [other currencies] are going to revalue simultaneously or do you see it being staggered, the dinar revalues and then a few days or weeks or months later the dong [for example] revalues? How do you see it going down?”
One of two ways. Either all of them go at once – Iraq, Vietnam, Indonesia and Venezuela. Or because there’s so much momentum behind Iraq, Iraq goes first because the powers that be want the banks…to be able to handle the millions of people who own this currency…
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Frank26 (KTFA)
Question:
“Can you explain about the 50 notes”
The 50 note NOT the 50K note. The 50 note is the only note that is null and void. I wouldn’t throw it away. I’d keep it for prosperity sake. It’ll never be of any value. But you never know, 10, 20 year from now you could sell it on eBay for a nice penny…
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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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