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Dinarland Highlights – 9.14.26
Mountain Goat
Issuing new denominations vs changing the currency: These are two distinct tasks and… After consulting my CBI contact…I was told the following: Issuing newer denominations does not mean a redenomination resulting from removing the zeros. And this is the key to understanding. Instead, it means issuing all brand new denominations not used before like the 100 or bringing back the 50 (which was previously taken out of circulation) not part of removing the zeros project. I know, I know many of you are going to think aren’t the newer lower denominations also brand new notes? Yes, they are but they are part of the list for removing the zeros and are not counted as issuing newer denominations but instead a redenomination.
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Bruce (The Big Call)
[via WiserNow]
I think we’re looking at notifications Tuesday or Wednesday…and then it’s we’re off to the races. I think they’re trying to coordinate this with UN operational rates to come out on the 15th.
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Reset Intelligence
Tuesday, Iraq’s 2027 budget draft goes before the cabinet in Baghdad, the first complete budget since 2023 at roughly 200 trillion dinars, and every budget is built on an exchange rate.
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Jeff
Iraq for the most part through the end of August… provided us with very misleading, inaccurate news. So what makes September any different? It’s the amount of data coming in at the same time…They have one critical date period in this…the rate change date… Everything is coming together at the same time, which is around mid-September…As you can see around mid-September everything in Iraq is coming together, happening at and around the same time. That’s not coincidental. The fact that everything is coming together at once, builds more credibility…
Question:
“Do you think Iraq will need a stronger more diverse economy?”
Jeff: No. The economy can’t get any stronger until their currency value strengthens…It’s maxed out at this point without the rate changing.
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Clare (KTFA)
Article:
“The Guardian: Al-Zaidi is leading an unprecedented campaign to dismantle the financial empires of political parties in Iraq”
Quote:
“The newspaper quoted an international banker as saying that political parties in Iraq have historically created states within a state, siphoning off between 5% and 10% of the value of every government contract to finance their influence and headquarters.”
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Terrance
The risk is out there. They’re under no obligation to honor speculators outside of Iraq with redemption of the currency after the RV. That is absolutely the truth. You can reference this with the International Monetary Fund. There is risk out there…but they will [honor outside dinar] because they don’t want to harm the relationship [with international banks/investors]…
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MilitiaMan
The development road project is moving forward…They are moving towards diversification and have fully engaged in it…Haven’t we seen in the news for the last months – United States partnership, you got the UK partnership…You got the Japanese partnership…You guys get the point. Investment partnerships was many of them – Chevron… Conoco-Phillips… Siemens…GE…Starlink…The Development Road is all about strategic value…
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Frank26 (KTFA)
If you…have a receipt to prove that you’ve had [your dinar] for one year and one day, you’ll be in the 19% to 20% tax range. That’s what it has always been, capital gain tax. But if you don’t have a receipt or you haven’t held it for a year you’ll be in the 37% to 40% tax range. The problem with that statement of mine is…as much as it makes sense, we don’t have the tax code. What I say to you could go out the window, but I don’t think so.
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Guy
Right now the Kuwait dinar is the highest rated currency in the world. Iraq will surpass Kuwait. No question.
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Samson
Article:
“IRAQ OPENS 7 NEW INTERNATIONAL TRANSIT ROUTES WITHIN 8 MONTHS AND IS MOVING TOWARDS BECOMING A REGIONAL LOGISTICS HUB”
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Kaperoni
Article:
“Government advisor: The government aims to raise non-oil revenues to 45% and shift towards a productive economy by 2037”
This is an interesting article because in essence it provides a timeline for the diversification of Iraq’s economy. One could say then it also describes a timeline for the dinar to gradually rise as a result.
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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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