Introduction
MarkZ provides a detailed explanation of Iraq’s HCL law and its connection to the Kurdish region, highlighting how this law historically signals the revaluation (RV) of the Iraqi dinar. Recent reports suggest potential exchange rates at the end of the month, though MarkZ believes the actual rate will be much higher.
This post breaks down HCL law, Kurdish revenue sharing, rumored exchange rates, and what this could mean for the Dinar community.
What Is HCL Law in Iraq?
HCL Law refers to revenue sharing between Iraq and the Kurdish region.
Iraq functions as two countries in one, with the Kurdish region having a semi-autonomous economy.
According to MarkZ, for the last 20 years, the passage of HCL law has been closely tied to immediate RV movement—within hours or days of approval.
Featured snippet:
“HCL law governs revenue sharing with the Kurdish region. Its passage historically signals imminent revaluation of the Iraqi dinar.”
Rumored Exchange Rates
Reports via PDK sources suggest a possible exchange of $59,300 USD per million Dinars at the end of the month.
The scheduled possible exchange is early next week, though it remains unconfirmed.
MarkZ emphasizes that the actual rate is likely higher, citing rates appearing and disappearing on bank screens.
Google Discover snippet:
Rumors indicate a potential Dinar exchange at $59,300 per million, but MarkZ expects the real rate to be higher.
Why HCL Law Is Critical for RV
Revenue Sharing: Resolving Kurdish revenue disputes allows Iraq to stabilize finances and international banking relationships.
Immediate Market Impact: Historically, passing HCL triggers near-immediate movement in revaluation rates.
Investor Awareness: Dinar holders should monitor HCL passage closely as it may signal timing for exchanges.
MarkZ Member Q&A
Q1: What does HCL law cover?
A: Revenue sharing between Iraq and the Kurdish region, crucial for budget and economic stability.
Q2: Does HCL passage guarantee revaluation?
A: Historically, yes—within hours or days, but timing and exact rates are unpredictable.
Q3: Are rumored exchange rates accurate?
A: Reports of $59,300 USD per million Dinars are possible, but MarkZ believes the actual rate will be higher.
Q4: Why do rates appear and disappear on bank screens?
A: Banks sometimes test or post tentative rates before official RV announcements. This reflects market volatility and early speculation.
Key Takeaways
HCL law is a major catalyst for Iraqi dinar revaluation.
Revenue sharing with the Kurdish region directly impacts the financial and political landscape.
Rumored rates exist, but the true RV rate could be significantly higher.
Investors should monitor HCL law passage and subsequent market activity for key signals.
Conclusion
MarkZ’s February update underscores the importance of HCL law in predicting Iraqi dinar revaluation. While rumors and preliminary rates circulate, historical trends suggest that RV typically follows HCL passage quickly.
For those tracking the Dinar, staying informed on Kurdish revenue resolutions and banking updates is essential to anticipate potential exchanges and maximize understanding of RV timing.
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MarkZ Disclaimer: This update reflects opinion and observation. Always verify information and consult financial professionals before making decisions.
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MarkZ
Question: What is HCL law in Iraq?
MarkZ: Its revenue sharing with the Kurdish region. Iraq is kinda 2 countries in one with the Kurdish region. We have been told for the last 20 years when we see HCL pass…within hours or days we would see the revaluation of the dinar.
[via PDK] there are reports that someone is going to exchange for $59,300US per million Dong at the end of the month. This is the figure that the bank gave them. Their possible exchange is scheduled for the first of next week…so we will find out if this is true or not.
I still think the rate will be way higher than that. There have been rates populating and disappearing on bank screens.