Bruce (The Big Call)
…when you go to the redemption center only, you’ll be able to ask for the contract rate on the dinar, which is quite good… President Trump has already orchestrated that for us some time ago. That is an excellent, excellent, crazy, high rate.
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MarkZ
[via PDK]
Article:
‘Monetary Policy Indicators confirm Central Bank first in 2025’
This means they have all the access to banking and monetary reform for the years of 2023 to 2025. They are telling us that they have completed…in 23 and 24 and 2025…that they have completed this massive reform that is soley designed to lift the purchasing power of the dinar. They are telling us they will finish the banking reforms during the rest of this month.
Some fun stuff out of Iraq this morning:
‘Iraqi Economist warns of possible dinar devaluation amid fiscal pressure’
This is very similar to what we saw in Kuwait. Iraq has already told us they would not go there. But these are the kind of stories they run before RVs…we saw the same thing in China as well.
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Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: The CBI is saying the expiration of 1310 does not mean a new rate automatically announced on January 1, 2026. The CBI says it signals the end of the current framework.
FRANK: It doesn’t mean that you’re not going to either…
FIREFLY: The Central Bank of Iraq is saying they have set the exchange rate at 1310 dinar through the end of the year and then they will review and reassess the rate as they had into the new year…1310 is locked in for now and any changes will be considered after December ends. This was answered to the guy on TV news from the CBI.
FRANK: What we’re witnessing right now is what I call ‘good guy versus bad guy’ in the monetary reform education to you Iraqi citizens…I find this tactic to be brilliant in order to hide the truth and in order to give you the truth.
OMAR: The UN has clearly shown the domestic Iraq ends in 2025 and the international Iraq starts in 2026 with banking reforms.
FRANK: Well, tell me UN, how did you convince the international world to accept 1310 as the rate.
Some of you have ‘Certificate of Authenticity‘. That’s c**p. That’s just a business card…You take your dinar to the bank. The bank will take your dinar. They will tell you if they’re real or not, not some little piece of paper that some salesman gave you to tell you these are real.
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Clare (KTFA)
Article:
‘Iraqi Economist Warns of Possible Dinar Devaluation Amid Fiscal Pressures’
Quote:
‘Al-Mashhadani said growing discussion within financial and government circles points toward a potential devaluation of the Iraqi dinar against the U.S. dollar, despite its serious social consequences…With falling oil prices and forecasts such as JPMorgan’s outlook on future oil markets, the next government may find no financial exit except changing the exchange rate in order to pay salaries, wages, and operating expenses’
Article:
‘The Iraqi government told Shafaq News: The relationship with Washington has moved from ‘conflict’ to ‘partnership’ ‘
Quote:
‘The Prime Minister’s Advisor for Foreign Affairs, Farhad Ala’addin, affirmed on Thursday that the United States’ decision to revoke the authorization to use force against Iraq confirms that the country is now fully sovereign and signifies a shift in the relationship from ‘conflict’ to ‘partnership.’ ‘Fnu Lnu
Article:
‘Syria and Iran have formally moved to redenominate their currencies…Syria… removing two zeros from the currency. New banknotes are planned, with a 12‑month period in which old and new notes will circulate together; a note like 5,000 pounds will effectively become 50 in the new scale but keep the same purchasing power…Iran’s parliament has approved a redenomination plan to remove four zeros from the rial, replacing 10,000 current rials with 1 new unit. The law gives the central bank up to two years to prepare and then up to three years of dual circulation of old and new currency, so the change is legal and underway but not instantaneous.’
As you see, this news of…all roads lead to an RV. WRONG! Values do not change, none of this is immediate, and none of it has anything to do with Iraq revaluing their currency...
Article:
‘Prime Minister Mohammed Shia Al-Sudani chaired an extraordinary meeting of the Ministerial Council for the Economy, approving a package of measures aimed at reducing government spending and increasing revenues. Salaries of government workers and benefits are under review as well a private sector pay scales.’
An austerity program doesn’t speak well for the topic of an RV. In fact, the opposite is true. I cannot stress how important it is to learn to separate happy-talk from reality. There will be NO RV this year and likely not the next.
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JeffThe Central Bank of Iraq is autonomous. That means they can change the rate separately from the government of Iraq whenever they want to. They don’t need anything from the government to change the rate other than maybe like a mutual agreement …They don’t even need the government to be done and completed. They could do it while we’re in the middle of this e******n period…because the CBI is completely autonomous.
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MilitiaManThe bottom line is they’re going to show you how they’re going to do it on their time. We don’t know exactly when that’s going to happen…One thing for sure, all of Iraq’s banks will need to be compliant 100%…
Samson (KTFA)
Article:
‘LEGAL EXPERT : REVOKING THE AUTHORIZATION TO USE FORCE ENDS THE LEGAL COVER FOR THE WARS ON IRAQ’Source : dinarchronicles
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