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Dinarland Highlights – 10.11.26
Bruce (The Big Call)
[via WiserNow]
…I think we need to see new rates on the forex, and we need to see what’s going to happen for us on Sunday, and maybe we get this early [this] week…by Monday or Tuesday…hang in there…and…get ready for what is about to come through.
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Mountain Goat
…this shift to 150,000 dinar per 100 dollars is NOT going to change the parallel market. The parallel market will only shift along with it …There is only one (1) way for certain to deal with the parallel market and that is to eliminate, not let it exist any longer. This can only be done by repegging to a basket of currencies and getting off the sole peg to the dollar. But they can’t make this repeg until they go back to FOREX… Why don’t they just do it? Well…first they have to remove the zeros. Also by repegging, the rate of the dinar is set to rise significantly.
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Jeff
Question:
“What do you think are the optics between Zaidi justifying to parliament the reasons behind the government’s decision to change the rate?”
Jeff: It’s to implement confusion, misdirection so we and Iraqi citizens, nobody knows what the hell is going on. They want this to look bad. It’s the perception of making you think the rate is not going to change…That’s what this is about as an investor. They don’t want you to know the rate is going to change. They don’t want you to think Iraq is going international. The other purpose was to create a dinar vacuum, suck in and withdraw 3-zero notes off the streets in Iraq…
They can’t go international at 1500. There’s no way in hell they can implement the budget. They can’t do anything on an international level or approve this program budget at 1500…The devaluation helps generate more dinars from oil revenues, but it does not fully fund or eliminate the large deficit in Iraq’s 2027 budget…My gut tells me there’s some additional twists and turn in this…surprises…
Question:
“How many banks in the US do you think would accept/exchange dinar?”
Jeff: At least the big four after the rate change. Credit Unions don’t usually do foreign currency, so it would be at least the big 4 major banks – Chase, Wells, Bank of America, 53rd Bank and odds and ends…
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Reset Intelligence
If you can’t see what is happening right now behind all of the noise and distraction, I urge you to look deeper and ask yourself [these questions]...Why was the Strait of Hormuz shut? Why does the oil money of Iraq and Venezuela sit in accounts Washington controls? Why did the coalition leave Iraq after 12 years? Why are bond yields at generational highs in the US, Britain, France and Japan together? Why is Iraq building oil routes around the strait? Why the $17 billion Development Road from the Grand Faw port to Europe? Why did Chevron agree to pay Iraq before the oil ships? Why did the oil and gas law move after 19 years? Why are Iraq’s 2 biggest state banks being audited? Why are the armed factions being moved onto state pay?
Why are former ministers and prime ministers being arrested for c********n…? Why did Iraq invite America’s banks in? Why has Iraq ordered 7.5 billion new banknotes? Why is a note smaller than 250 dinars planned? Why is deleting the 3 zeros under serious discussion? Why does Iraq now hold 175.6 tonnes of gold? And why did it cut the IQD to 1,500 this week? None of this is random…The Iran war and the closure of the strait were never only about nuclear weapons. It is a forced plan: track and trace the c********n, bankrupt the old system, clean the books, reprice the money. But most people are watching a devaluation and think the RV isn’t happening. Iraq is the linchpin for the RV. Don’t lose sight of what is happening.
Two numbers tell you how it is going, where Baghdad [market rate] closes against the bank’s own price shows whether dollars are reaching people, the monthly oil exports figure shows whether the siege [in the Strait of Hormuz] is lifting…
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Frank26 (KTFA)
We needed stability and that’s what 1500 is doing. 1500 stabilizes [Iraq’s] exchange rate…1500 is bringing you security and stability…clearing the way for the RD and RI in the next 2 1/2 months and God willing for January 1st to be the launch of [Iraq’s] monetary reform by lifting the 3-zeros and giving lower notes…
This is a soap opera on steroids. Every day there’s something fantastic for us…It really looks like they want to start at the beginning of the year. I have no problem with that.
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Stephen
Article quote:
“Citing informed sources: The government is keeping secret plans to replace the currency to prevent owners of illicit funds from converting them into dollars or real estate or other assets.”
That is directly from the horses mouth. For those of us who are invested in the Iraqi dinar as speculators speculating there’s going to be a massive upward revaluation, the government is telling you right then and there, there’s a secret plan in place to facilitate this…This is probably the most important article I’ve ever seen. It confirms to us as dinar investors.
I think there is a reason to be quite excited because the exchange rate is at the forefront of the discussion in Iraq right now. We have never seen this much focus on the exchange rate…Leads me to believe we have some exciting times ahead of us.
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Samson
Article:
“IN THE WAKE OF THE U.S. DOLLAR’S RISE IN VALUE, THE U.S. IS SECRETLY PREPARING TO CHANGE ITS CURRENCY AND REMOVE ZEROS”
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Guy
All of us are so eager for this to happen that we’re failing to look at current affairs through the eyes of the government of Iraq. We’re stuck in our own little world and we’re looking at it as individuals…from 8 hours away. We have to think as if we were the head of the government of a small emerging country that’s about to go international, that’s about to enter the world stage and play a major role in the region’s politics and economy. The immense responsibility on the shoulders of…the prime minister, the finance minister and the governor of the central bank is beyond our comprehension. They have to make decisions that don’t make sense to us. But they’re not supposed to…This devaluation…decision befuddles us. And it should because we’re not responsible for a nation state of 35 million people trying to recover from a devastating war, revive an economy, maintaining stability right in the middle of a giant war between a neighbor on the left and a neighbor on the right and the big behemoth…The United States.
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MilitiaMan
The names for the remaining ministries are starting to come out, including Interior and Defense…Interior and Defense are the two seats that matter most for security guarantees…A fuller cabinet does not trigger a rate move, but it strengthens the same foundation a coordinated REER rests on.
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Walkingstick (KTFA)
They’re trying to do both at the same time – collect the 3-zero notes, which they’ve been doing for a long time, but they’re also trying to draw in USDs. That’s probably not their plan, I can guarantee you that’s our [Trump’s] plan…They want all of them [US dollars]…Part of what they’re doing right now is to instill confidence in the IQD, not the USD.
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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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