Investors and Dinar watchers are eagerly awaiting key steps in Iraq’s financial and political roadmap. Frank26 clarifies some important questions regarding taxes, leadership, and international certification. Firefly adds breaking news about parliamentary votes and agreements with global financial institutions.
⚠️ Frank26 Disclaimer
Please consider everything on this call as opinion. Always verify official sources and consult a professional before making financial decisions.
❌ No Taxes on Currency Exchange
One of the most common questions from investors:
Question: “Are we going to get taxed when we exchange?”
Frank26 Response:
No, banks cannot collect taxes at the point of exchange
Tax obligations remain on April 15th or quarterly filings
Authorities such as the IRS will still pursue taxes owed
“You’re not going to get away with anything, but the exchange itself is not taxed.”
This is a key clarification for investors planning currency conversions.
🌍 IMF, US Treasury, and World Bank: Investment Implications
Frank26 emphasizes that when he refers to IMF, US Treasury, and World Bank, it is shorthand for the strongest global financial institutions, including the USA.
Current conditions represent excellent investment opportunities
Agreements with these institutions signal stability and preparedness for upcoming reforms
“These are the best of times for our investment.”
📺 Firefly Breaking News: MoU Between CBI and IMF
Firefly reports a major development on TV:
The Central Bank of Iraq (CBI) signed a Memorandum of Understanding with the IMF
Purpose: enhanced cooperation and alignment with international financial standards
This MoU is a strategic step, ensuring Iraq’s monetary operations are transparent and internationally certified—an essential precursor to currency adjustments and budget approval.
🏛️ Iraq Presidential Vote: Kurds Present Final Candidate
Firefly also reported that Iraq’s parliament is scheduled next week (Monday or Tuesday) to vote on the presidency.
The Kurds have submitted the third and final candidate’s name
After the presidential vote, the IMF, World Bank, and US Treasury will certify Iraq’s financial readiness
Once certified, the budget opens and HCL implementation follows
“It’s a domino effect: presidential vote → international certification → budget opening → HCL.”
This is critical for Dinar holders and financial observers monitoring Iraq’s reforms.
⭐ Featured Snippet: Key Takeaway
Currency exchange in Iraq will not be taxed at the bank. The next steps include Iraq’s presidential vote, international certification from IMF, World Bank, and US Treasury, and finally, budget approval and HCL implementation.
🔍 Why This Matters
No Taxes at Exchange: Clears investor concerns about immediate deductions.
Political Certainty: Presidential approval ensures continuity and legal compliance.
International Certification: IMF, World Bank, and US Treasury approval provides legitimacy and credibility.
Budget & HCL: Opens the door to economic reforms and potential revaluation.
❓ Q&A Section
Q: When will taxes be due if not at exchange?
A: Taxes are due via regular filings, such as April 15th or quarterly, not during currency conversion.
Q: Why is the IMF/World Bank certification important?
A: Certification ensures Iraq’s financial system meets international standards, enabling smooth currency reform and budget approval.
Q: What is HCL?
A: HCL likely refers to High Confidence Legislation or a parliamentary priority law connected to economic implementation.
Q: What’s the significance of the presidential vote?
A: The vote confirms Iraq’s leadership, allowing the government to proceed with financial reforms, including international certification and budget execution.
🧭 Final Thoughts
Frank26 and Firefly illustrate a clear roadmap for Iraq’s financial and political processes:
Presidential vote
International certification (IMF, World Bank, US Treasury)
Budget opening
HCL implementation
For investors, this clarifies timing, responsibilities, and risks while signaling that currency exchanges will not face immediate taxation, setting the stage for broader financial participation.
🔗 Stay Connected with DINAR REVALUATION
🌐 Blog:
https://dinarevaluation.blogspot.com/
📢 Telegram:
https://t.me/DINAREVALUATION
📘 Facebook:
https://www.facebook.com/profile.php?id=100064023274131
🐦 Twitter / X:
https://x.com/DinaresGurus
▶️ YouTube:
https://www.youtube.com/@DINARREVALUATION
🔥 Hashtags
#Frank26 #Firefly #IraqPresidency #NoTaxExchange #IMF #WorldBank
#DinarRevaluation #RV #IraqBudget #CurrencyExchange #HCLImplementation
#GlobalFinance #InvestmentOpportunity
Frank26
Question: "Are we going to get taxed when we exchange?"
No. The bank doesn't have the ability to collect any taxes from you. On April 15th or quarterly you'll pay your taxes I promise you. They're coming after you. You're not going to get away with anything.
When I say to you, IMF...US Treasury...World Bank, what am I actually saying? ...USA...These are the best of times for our investment.
FIREFLY:
TV shows the IMF and our CBI has signed a memorandum of understanding to enhance cooperation.
FIREFLY:
Just got the news on the televisions that next week, either Monday or Tuesday, Parliament will meet to vote on the president...
FRANK: It's good to see the Kurds are bringing the third and final president's name now for a vote... Then the next thing is certification from the IMF, World Bank, US Treasury and then the opening of the budget. And the #1 law then for the parliament is your HCL...
