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Dinarland Highlights – 10.9.26
Mountain Goat
Remember we are dealing with Iraq and so things could change suddenly. There is also much more progress than what we read in the news. We don’t need a ‘perfect’ Iraq to have a reinstatement. Only to follow ‘the plan’ and get enough security and stability to attract investors to grow the economy. I firmly believe statements I hear from the IMF and the CBI that Iraq is to be the ‘financial center’ for the middle east… Do you see now why President Trump is paying so much attention to the country?
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Ariel
I needed to make this clear for those who will attempt to use those reserves as an excuse as to why it is so impossible for Iraq to go back to 3.22 or 4.00. We are getting paid in secondary markets. We will not be draining Iraq’s reserves or economy. This is precisely why the reserve figure matters so much: the $85B isn’t a payout fund, it’s the credibility backstop that lets the secondary market absorb redemptions at the new rate without Iraq’s books imploding. The reserves guarantee the currency’s floor; the market handles the flow.
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Tishwash (TNT)
Article:
“The dollar rises first… Baghdad is keeping the date for currency replacement secret for fear of a move by “big players”
Article Quotes:
“Raising the price of the dollar to more than 1500 dinars may not be the last surprise that Baghdad has in store…As Iraqi markets began to deal with the new dollar exchange rate, the government is preparing for a more sensitive step, which is replacing the currency and removing zeros from it. The process may begin within a few months, perhaps at the beginning of next year, but should not exceed the first quarter of 2027…”; “Baghdad wants the money to reach the moment of exchange before the news reaches it…“
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Jeff
Notice how at the same time as the cabinet is ready to go to vote, which allows them to revalue, they quickly created a dinar vacuum to suck in the last remaining notes, implement misdirection, confusion and so forth. Perfect timing to bring this all together and wrap this up within the next few weeks…
Iraq is going out of their way right now to lie to us, mislead, confuse at the maximum level that they can. We’ve got to pay close attention. If anybody is going to get emotional in this, this is your time to exit out. This is the worst time for anyone to be emotional in this space…I’m not going to be emotional intros. I’m going to stay grounded. I will observe this..day-by-day to see what happens each day to see what direction this is going to go…
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Stephen
They’re not going to tell us everything. If the revaluation/reinstatement is going to be this massive wealth event for the country of Iraq and anyone that holds their currency, do you think it’s going be out in the open as far as what they’re doing? Or do you think there’s going to be confusion, which is what we’re seeing? Most likely it’s going to seem like things are not going to change or get better, which is what we’re seeing…
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Reset Intelligence
Iraq’s cut to 1,500 is the first move in a sequence: Lower the rate. Replace the currency. Raise the rate…Step one is now done. Most people have forgotten how much of the rest Iraq has already put in place: the new notes, the smaller notes, the coins, the gold, the banks, the pipelines, and the oil that has to flow before the last step can happen. That oil is moving again.
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Walkingstick (KTFA)
Iraq is not quick to do anything so Trump put them in a predicament…[Iraqi] Exports are good. They make money off that…They import a lot, is bad. They’re paying higher prices…which turns the citizens against you for doing that to them...[The CBI] is trying to collect 3-zero notes…but they need to collect USD too. There’s a lack of liquidity in Iraq right now so they’re trying to draw in US dollars… This [1510 devaluation] is short-term…This is a wake up call. Get off the pot. Use your own currency.
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Clare (KTFA)
Article Quote:
“Raising the dollar exchange rate to over 1,500 dinars may not be the last surprise Baghdad has in store. While Iraqi markets have begun adjusting to the new rate, the government, according to informed sources speaking to Al-Mada, is preparing for a more sensitive step: replacing the currency and removing zeros. The sources say the process could begin within a few months, perhaps at the start of next year, but no later than the first quarter of 2027…Replacing the currency could help track down at least $200 billion believed to be held by c*****t individuals.”
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Suzie
Article:
“MP Miqdad al-Khafaji calls on Parliament to compel the government to reverse the exchange rate increase and warns of harm to purchasing power”
Finally someone talking with common sense, you can’t go backwards and expect the citizens and dealmakers…and the country as a whole, to accept higher costs, less profit margin and jump up and down with joy, there’s too much at stake for them and the dealings with the international community…
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MilitiaMan
New notes, redenomination, rate decision, Real Effective Exchange Rate, they can run side by side. One does not cancel the other…
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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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