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Dinarland Highlights – 10.10.26
Wolverine
Community Comment:
“We are noticing that the IQD has a exchange rate of 0 to the USD in the last few days, which means the exchange rate is deliberately being set to 0, so they may be preparing for a major exchange. We are hearing next week for things to get exciting, and we hope it does.”
Wolverine: Lots of people are saying next week, received a call stating this from Europe.
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Ariel
Redenomination Is For In-Country Accounting…Revaluation is for Out-Country Trading…Leave The 1st Phase Alone…Revaluation is what you should be studying. Do not concern yourself for something that is for the In-country bookkeeping.
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Reset Intelligence
A bank preparing to cut its currency does not train exchange houses, buy gold and auction bills at the same the same steady rate week after week. Our position has not moved. Iraq is not rebuilding the currency to send it backwards.
A state…with new banknotes already ordered, 175.6 tonnes of gold…and 145 billion barrels of oil in the ground…took step 1 overnight with the rest of the sequence already designed is not settling in at 1500…The country with deep oil reserves and the gold went first. Everyone else at that debt wall [United States, France, Japan, Britain] is watching what Baghdad does next. This is what a plan decades in the making looks like and it starts with Iraq.
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Jeff
Iraq devalued their currency…Does the fact that the rate has already changed matter? IMO no…Iraq can adjust its exchange rate while the budget is still being…drafted but not approved… What we care about is Tuesday 15th, that’s when they stated multiple times the budget would go to parliament for approval…We’re looking for parliament to boycott the budget and not approve it. That’s exactly what you want. As long as the budget remains unapproved that leaves the door open…Iraq is still eligible to change the rate again and go international.
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Stephen
Iraq just proved it can change the dinar rate without parliament approval…We’ve always known the CBI can pull the trigger at any moment they want. This further solidifies that argument…The news is coming fast and furious.
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Frank26 (KTFA)
They had to devalue in order to revalue. What if they had not devalued? Then they wouldn’t be revaluing…
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Guy
The citizens are waiting for movement from their government. They’ve been promised this-and-that-and-the other for the last 25 years. They want to see movement. A lot of them have their physical currency stuffed in their mattresses. The average Iraqi adult has multiple millions of dinars. They don’t trust the banking system to bring them in right now. But when Al-Zaidi rolls out all his new reforms and…the governor of the central bank announces the new exchange rate, it’s pretty clear you’re going to see a flood of currency notes coming into Iraq banks…
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Clare (KTFA)
Article:
“Iranian Rial Hits New Low Despite $2 Billion Central Bank Intervention”
Quote:
“Iran’s central bank said state banks would sell up to $2 billion in foreign currency to support the rial. The rial has lost more than half its value against the dollar over the past year, according to Reuters.”
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Sandy Ingram
VES investors should pay attention to what is happening in New York. Venezuela has not announced a revaluation of the Bolivar and the currency is actually continuing to weaken, but something important has changed. Venezuela is talking directly with the IMF, World Bank and Inter-American Development Bank, while also discussing massive debt restructuring with the United States. If those talks eventually produce debt relief, increased oil investment, greater access to international financing and lower inflation, they could improve the economic fundamentals supporting the Bolivar.
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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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