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Dinarland Highlights – 10.14.26
MarkZ
[via PDK]
I have so many paymasters telling me “soon” and they are hoping its this week. Bond contacts also have a crazed level of expectations. Most are telling me to watch Thursday through the end of the month to be done…kaput…paid and finished. I hope its accurate…but I do not know the timing. I just tell you what I am hearing. But I can tell you a number of paymasters and bond folks, including an attorney who is a paymaster on a bond deal…and they are telling me the same thing. So I am exceptionally hopeful.
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Mountain Goat
I have proof the Iraqi dinar should have revalued around 2006 this was the original plan, but politics in Iraq held it up. Then again in 2012-2013 and then again even in 2015 we witnessed the news of a pending RV crushed by the ISIS invasion into Iraq…But still we wait.
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Jeff
This devaluation is nothing more than a short-term step. It has to be short-term so they don’t let inflation get out of control with the citizens and make their lives more financially difficult. It’s a short-term step to be like a dinar vacuum, get the citizens to turn in their 3-zero notes and buy US dollars, withdraw, suck in, more dinar. Along with implementing distractions, misdirection and confusion so people don’t know when the rate is going to change.
If political c********n has delayed the rate change for 23 years…Political stability should usher it in…We are so close… Thursday they’re going to complete the cabinet…
Deleting the three zeros has nothing to do with the exchange rate…What has all the zeros? The currency we have, the investment notes we have. What they’re going to do is take those out of circulation and replace them with smaller currency notes. That’s what deleting zeros is. The rate will be based on what the dinar is against the US dollar. That’s what determines the rate. If it’s 1 dinar equals $3, that that’s your rate. It’s 3:1 ratio. Very simple. Deleting the zeros has nothing to do with what the value is going to be.
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Reset Intelligence
In 2019 the US Treasury sanctioned Laith al-Khazali. On Thursday Iraq’s parliament votes on making him a deputy prime minister. His brother leads Asaib Ahl al-Haq, one of the most powerful armed factions in Iraq. There are 2 ways to end a militia. Fight it, or bring it inside the state and pay it yourself. Baghdad has chosen the second. Pensions for the fighters in September. Offices for the factions this week. Why would Washington allow it? Well, they still control the dollars Iraq earns from its oil. The IQD cannot be worth what we all know Iraq is really valued at while armed groups draw on it from outside the state. Thursday, parliament votes on bringing them inside.
The Central Bank’s foreign reserves stood at about $102 billion in February, $94 billion in May and $86 billion at the end of June. A further fall to about $81 billion was reported for July. That is more than $20 billion gone in 5 months…Before the war, Iraq exported about 3.3 to 3.4 million barrels a day. Estimates for the worst months run from under 2 million… The line is now rising: about 2.35 million a day in August, and 2.7 million in October…The draft 2027 budget assumes 4 million…
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Guy
The government of Iraq has a couple of serious issues. First, they don’t know how much currency is in circulation. They don’t have a handle on exactly how many dinars are floating around domestically or internationally. The know the citizen are hurting, but the government is hurting too. Their oil revenues are down…They can’t get their product [oil] to market because the Straits…are not open in the way they been in the past…They don’t have a handle on the…black market exchanges…They still haven’t disarmed all the militias loyal to Iran…and they’re still trading and exchanging currencies to feed Iran’s war machine. So if you’re…at the head of the government and you want to reduce those influences so you can achieve national sovereignty, you got to take some hard steps. And that’s what this [devaluation] is…It’s a temporary measure to bring them to the RV…
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Omar
Iraqi parliament is set to vote Thursday on the remaining cabinet posts. There is a proposal along with this to appoint 4 deputy prime ministers…There must have been pressure from the United States…
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Clare (KTFA)
Article:
“Al-Aboudi: A government plan to bring the dollar exchange rate in the parallel market to 1550 dinars”
Quote:
“…the government and the Central Bank are working according to a well-thought-out plan to bring the price of the dollar in the parallel market to 1550 dinars per dollar in the near term.”
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Frank26 (KTFA)
There is a high chance for Thursday [Cabinet seated] and then there is a surprise. The surprise is very quickly right after…that government will be presented the budget. If they form the government on Thursday means 1500 would start to go away a little faster than scheduled…
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Sandy Ingram
This isn’t speculation. This is what the documents and data show…The Iraqi people have stopped buying and the shop owners are complaining about the currency devaluation… This devaluation allows the Iraqi government to receive more dinars for every dollar it earns from oil sales…Iraq’s [government] lifestyle is akin to that of expats (a person who lives outside their native country), Iraq earns in US dollars and spends in the Iraqi dinar. The CBI stated goals are to maintain price stability, meet the legitimate demand for dollars and advance banking reforms…The CBI’s plan is not about a sudden windfall for foreign currency holders.
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MilitiaMan
Deleting zeros and a stronger dinar are not the same thing…Deleting zeros is a cleanup of the notes. 25k note becomes a 25 note. Your shopping power does not rise because of the zeros came off. A managed rate change is different. That is the central bank…setting a more realistic price for the dinar…That price rests on reserves, oil and non-oil income…Articles that treat the zeros project as the whole story are only telling half of it…The stronger dinar talk is the separate file…They’re not the same tool…
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Stephen
The exchange rate is the most important topic in the country of Iraq right now. As a dinar investor that should make you very excited because parliament…the CBI…Washington are talking about it. You have all of these major players who have a say in changing the exchange rate…It’s the biggest topic of conversation right now.
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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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