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Dinarland Highlights – 9.6.26
Mountain Goat
I talked to my CBI contact…and I was told this decision of 2027 is not yet final. She told me she cannot understand how they would even think about waiting that long to swap out the currency. This is something they need to happen now. Even another couple months might prove disastrous.
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Ariel
Someone Asked does Iraq have to change the exchange rate before the Council of Ministers (COM) approve the 2027 budget. No! The Council of Ministers approves the budget. Then the exchange rate change happens.
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Stephen
For as long as I have been involved in this investment there’s been rumors about banks having De La Rue machines, [And] if a bank does need a De La Rue machines to verify your currency…? The exciting thing is one of our private…community members shared a photo that he took at the bank yesterday…that does prove these De La Rue machines are at certain locations and the IQD, AKA Iraqi dinar, is programmed onto these machines…Paul shared this photo with us yesterday from his personal encounter with his bank…What I find very interesting is there are 180 currencies in the world…The Iraqi dinar, which is not an internationally traded currency yet and it’s not traded on Forex yet, why would you have that currency code on your machine to verify…if all these banks are saying they’re not dealing with it? …If we’re using common sense I think it’s pretty safe to say sometime in the near future they’re going to be using those machines to verify the Iraqi dinar.
Why not have a little bit of fun with it and speculate here…In my head, I think it’s a range. I think it could be anywhere from 50 cents up to $3.72, somewhere in there.
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Clare (KTFA)
Article:
“The Central Bank warns against f*******s aimed at destabilizing the economy”
Quote:
“A short while ago, news spread on social media that the exchange rate had changed, and that the Central Bank had announced that deposits would be at a rate of 1460 dinars per dollar, starting tomorrow”
Article:
“Iraq ‘cannot afford to take risks’… State administration warns of the repercussions of US sanctions”
Quote:
“On Saturday, the State Administration Coalition discussed completing the government formation, the draft oil and gas law, and the country’s financial situation, while stressing the need to spare Iraq the repercussions of the US sanctions imposed on some countries, in light of what it described as the ‘difficult financial circumstances.’ ”
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Jeff
If you go back to the year 2020 when it devalued, they put out countless articles telling us it was going to be devalued and go down. They put all that out there, why? Because it was a devaluation by 23%. Here they cannot tell you it’s going to revalue. They can’t…Adding zeros means their inflation is high, elevated, maybe hyperinflation and that’s why they’re adding zeros. If they were adding zeros it would be going down in value…Removing zeros means it’s going up in value…They can tell you if they’re going to bring the value down or devalue it but they cannot tell you they’re going to increase the value. They cannot tell you that. But they basically have told by telling you they’re deleting the zeros.
Question:
“Are you of the idea that the revaluation comes after the reinstatement with the rate being set to float?”
Jeff: It can’t float. It may be a managed float but not a massive float. Managed is only + or – 10% per day. Remember budgets are calculated off the currency value. If the currency value were to be an aggressive float they would have to keep amending and re-approving the budget. They’re not going to do that. It can only be a managed float. Under a managed float it has very minimal movement.
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Thom
Article 1:
“Central Bank Denies Raising the Dollar Exchange Rate: The Official Rate Has Not Changed and No Decision Has Been Made in This Regard”
They deny the “rumors” first and then this stuff comes out after.
Article 2:
“The Parliamentary Financial Committee: There is an intention to issue smaller currency denominations than the 250 dinar denomination because the currency has not changed for a long time and counterfeiting has occurred in it.”
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Omar
There’s a lot of people getting confused…They are thinking this budget has to be with a new rate before the budget is released. As of right now this budget is calculated off the price of oil, not off the exchange rate. If the dinar goes international and gets on Forex then it has a different ballgame around it…then it can become a big part of our budget. But until that happens the budget is based off the price of oil…
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Guy
There was a famous figure in history who said there are decades when nothing happens and there are years when decades happen. That’s where we are right now. We’re in a period of high acceleration of events and activities. Things are moving very fast. We’re reaching a crescendo…I think the symphony is in its final movement and the fat lady’s about to sing her last lines.
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Frank26 (KTFA)
Not a single bank is telling me it’s a scam. Not a single bank is saying to me anymore, ‘oh, you made a big mistake.’ They’re getting ready for us. You know it and I know it.
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David
I’m not convinced Iraq is concerned with what’s being held outside its borders. It’s a worthless currency, hence the two rail system. When it comes to the revaluation…based on history…it is more likely going to be revalued than not.
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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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