MarkZ

[via PDK]

Article:
‘A quantum leap: an Iraqi port receives 207 oil tankers for the first quarter of 2025’

This is part of the belt/road initiative. To increase their port and trade system. They have made huge progress in a short time. They are experiencing a ‘Renaissance’ in Iraq which should bring us a change in dinar value.

Comment: Rumor is – Iraq is exchanging dollar-for-dollar on the Dinar in country.

MarkZ: There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates. I still believe its going to be higher – but I love hearing these conversations. But if all I got was a buck rate…I would be happy and gone.

buckle up…the news really is solid.

Question: Do you think the trigger has been pulled and it’s a slow roll out.

MarkZ: yes.

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Mountain Goat

Article:
‘THE DOLLAR CONTINUES TO FALL IN IRAQ. IS THE MARKET APPROACHING THE OFFICIAL RATE.’

Quote:
‘…the gap between the official price and the parallel market price is close to disappearing…we may soon see it reach the official rate.’

My CBI contact told me, and still tells me, that when this gap is narrowed to a point or the gap disappears entirely between the two rates, the CBI fully intends to conduct another revaluation of the dinar…

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Frank26 (KTFA)

This closing of the gap [between official rate and market rate] will bring the float, the purchasing power that the citizens of Iraq have been seeking internally and externally.  The float will be for us who have invested in your currency.  But the beautiful thing is that both currencies, the dinar and USD will benefit from closing this gap.

Iran is the reason why we don’t have security and stability.  And because we don’t have security and stability we don’t have the new exchange rate released.  It’s that simple.  It’s not complicated…

[Iraq boots-on-the-ground report]

FIREFLY: Mr. Sammy says, think about the importance of this weekend, all the meeting that are being held between Alaq and our President of Iraq. It is at the palace…Alaq is the trigger man for the rate and he ain’t just talking to him about a program rate of 1310…We know the majority of the meeting was held on the monetary reform success.

FRANK: This meeting was very significant…The fact that Alaq and Sudani are also at this meeting with the IMF…The IMF gives central banks permission to lift the value or change the value for their currency.  These are exciting meetings that lead to only one conclusion…

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Clare (KTFA) 

Article:
‘How did the Central Bank’s strategic plan control the dollar price.’

Quote:
‘Saleh explained that the narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy…This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar…’

Article:
‘Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year.’

MilitiaMan

Article quote:
‘Our dinar continues to recover up to the official price…the main reason of the recovery is the reform policies…’

They’re talking about the parallel market and the official price… The exchange rate of Iraq having par at a specific time reeks of getting the parallel market, which is the i*****l cash market…mechanism working.

Article quote:
‘Iran…Removing 4 zeros from the national currency is one of the key measures included in the action plan.’

Now watch, you’re going to have numbers different people on the internet saying, ‘it’s a LOP.’ If you believe the United States Treasury and the World Bank and the Bank of International Settlements have worked for 21 years to erase the value of the currency. You have to be kidding me…Lopping a currency isn’t part of a current reform program.  It’s destroying value. That’s not what we’re talking about here.  We have two really rich countries …The toman/rial is far less valued than the Iraq dinar…I think this is good.

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Maxis

I just had a sit down with a few of my locals whom are in the know, I asked them about the ‘Parallel Market Rate’. They all said the same thing – ‘if Iraq wanted to get rid of the Parallel Market they could do this at a stroke of the pen, increase the value of the Dinar and render the Dollar unappealing’ …They have family members in the financial sector, they say the rate change would solve the issue because it would make the Dinar more desirable...They work in the finance and management portion of our company on this base.

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Kaperoni

Quote from IMF Article:
‘An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.’

Pimpy

Yes the Iraqi dinar did pick up some value against the US dollar.  It shouldn’t be surprised, there’s a trade war going on.  I do like the fact that the Iraqi people are smart and they’re trading in their US dollars and buying gold because it’s a store of value.  It hold its value.  Good move.

Source : dinarchronicles

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