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Dinarland Highlights – 11.9.26
Ariel
Iraq’s currency revaluation is the first domino because Iraq’s gold reserves approximately 132.7 tonnes, accumulated through years of oil-for-gold arrangements with the World Gold Council and bilateral agreements provide the sufficient backing ratio for a revalued dinar at a rate that forces regional repricing. When the Iraqi dinar revalues, every currency in the region the Kuwaiti dinar, the Saudi riyal, the Jordanian dinar, the Turkish lira must reprice against it. That regional cascade triggers a global gold repricing as central banks across the world adjust their reserve compositions. The U.S. Treasury, through the ESF [Exchange Stabilization Fund], is positioned to e*****e the dollar’s own repricing in the immediate aftermath of the regional cascade. Iraq is not the end game. Iraq is the match. The powder is everywhere.
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Mountain Goat
…investors in the Iraqi dinar just need to relax and wait. It helps to learn the TRUTH of what is actually happening in Iraq to get to the reinstatement…you should be able to clearly see the holdup and the path to get to the target of early January 2027. We see the obstacles to the reinstatement, and I firmly believe this is why they chose to remove the zeros and issue the newer lower denominations as a slow rollout over time rather than more quickly. This gives them a padding, more time to work on these other issues…Let’s see how it all plays out over time…
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Jeff
The budget is calculated off the currency value. That’s why the budget right now is being draft amended…They are revising the budget based on the new currency value about to come forward via the revaluation.
Once the budget is approved, the rate can’t change because it’s pegged to the currency value for a year…They have to do it now…The HCL is indeed linked to the ’27 budget…They are pushing the HCL and the budget through at the same time. They have to…They are a packaged deal…You can’t have one without the other…Both have everything to do with the rate change.
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Frank26 (KTFA)
When you see 1500 [in the 2027 budget] please don’t be disappointed because 1500 is essential. It is extremely necessary for the monetary reform to stabilize its exchange rate. That’s what Iraq is going through with its monetary reform. Any type of interference, Iranian influence, politicians, anything negative is halted.
Question: “Why the hell are they so obsessed with an illegal street rate that will disappear the second of the RI and RV?” Frank26: You’re not going to have an RV and you’re certainly not going to have an RI less you balance that rate. That’s what they’re doing, getting closer to 1 to 1. You leave out the most important step – what 1500 is doing. It’s doing its job. If you didn’t have 1500, you might think you’d be happy, but you’d be in a bad position right now.
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Reset Intelligence
Why do IQD holders talk about $3.22 and $3.47? Iraq’s official rate was about $3.38 per dinar from 1973, then $3.22 from 1982 until the 1990 war. $3.47 is widely quoted alongside them…Today’s official rate is 1,520 per $1. Iraq has more behind its currency than in 1990, so we would not rule a return to those levels out.
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MilitiaMan
A closer parallel gap [between official CBI and illegal market rates] makes any official rate easier and cheaper to defend…The parallel gap remains the daily measure of the residual demand still outside formal channels. That’s going to have to cease to exist… People are going to be very disappointed when they find out they lost a lot of money [in the illegal market when the rate changes to a Real Effective Exchange Rate]…
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Walkingstick (KTFA)
[Aki Iraqi US bank friend update]
Trump is in control of [the rate change]…All is done on our side…The budget will open at 1500…Your Trump is looking for leaks…USA is sanctioning many people here at the CBI and at the GOI. Many are being arrested…A lot of officials are being removed…The United States Treasury is pulling the chains on this monetary reforms. We are simply waiting for the United States Treasury’s green light.
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Stephen
I firmly believe Iraq does not care about foreign investors in their currency. Maybe we’re 1% to 4% of dinar holders. They are more concerned with their own citizens and any c*****t officials cashing in on this process.
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MarkZ
We don’t know the timing yet. I’d say anytime between now and December 18th is what looks golden with some of my bond contacts thinking it’s this week.
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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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