DINARLAND UPDATE!! WOW IRAQ WILL RV OON !! @DINARREVALUATION

DINARLAND UPDATE!!, 26 SEPT

 Understanding the Potential of the Iraqi Dinar

The Iraqi Dinar has long captivated investors with the promise of substantial revaluation. With various experts and gurus offering insights, the landscape can often be confusing. However, some common threads of understanding can help demystify the situation. This article aims to synthesize recent updates from various prominent voices in the Dinar investor community, providing a clearer understanding of what to expect.

Common Myths and Misconceptions

 No Need for International Travel

One common myth is that investors will need to travel internationally, to countries like Jordan, Egypt, or Syria, to exchange their Dinars for US Dollars. Guru Fuu assures investors that this is not the case. The process will be straightforward and localized, negating the need for inconvenient travel.

 Unrealistic Revaluation Rates

Another misconception is the expectation of a 10-cent revaluation. This rate is unfounded and does not stand up to scrutiny. Historically, the Iraqi Dinar was set at a rate of $3.22 to 1 Dinar when the main resource was oil. While Dr. Shabibi, a preeminent expert, has suggested that Iraq could sustain a rate of $16 to 1 Dinar, this seems overly optimistic. A more reasonable rate, as suggested by Guru Fuu, would be around $4.80 to 1 Dinar.

 Insights from Influential Voices

Frank 26 and the Timeline

According to Frank 26, there is speculation about when we might see significant changes to the Dinar's value. Firefly's local banking expert, Mr. Sammy, predicts that these changes could happen by the end of the year or possibly in 2025. However, Frank believes that things could accelerate and occur as soon as within three months, highlighting the importance of staying informed and prepared.

Militia Man on Removing Zeros

 Militia Man provides a detailed analysis of the recent articles discussing the removal of zeros from the Iraqi Dinar. This process involves adjusting the nominal value of the currency, not merely the currency bills themselves. For example, if the value today is 0.076, removing three zeros would translate to a value of 76. This technical adjustment could substantially impact the currency's perceived value.

 Samson and US-Iraq Relations

Samson's updates bring to light recent discussions between the Iraqi Prime Minister and the US Secretary of State about ending the International Coalition presence in Iraq. This step is crucial as it reflects Iraq's increasing sovereignty and stabilization, which are essential components for any significant economic reform, including currency revaluation.

Claire on Currency Auctions

Claire highlights Iraq's intent to end currency auctions, as noted in a discussion between the Prime Minister and the US Treasury. By reducing dependence on these auctions and ensuring greater control over foreign remittances, Iraq is setting the stage for a more stable and reliable currency framework.

Banking Perspectives

 Mark Z's Insights

Banking chatter has been another hot topic among investors. Mark Z relays exciting updates from banking insiders who have seen emerging rates, although these are yet to be confirmed. Multiple sources across different banking institutions agree on a rate of $3.57 on their screens, indicating a potential consensus on this valuation. Such consistent information from varied sources lends credibility to these claims, ensuring investors remain hopeful and vigilant.

The Bigger Picture: Iraq on an International Stage

Jeff's Assessment

Jeff stresses that all current developments, including the Iraqi Prime Minister Sudani's presence at the UN, are steps toward Iraq gaining international standing. This increased recognition and participation on the global stage provide a conducive environment for the Dinar's revaluation.

Conclusion: Staying the Course

Investing in the Iraqi Dinar requires patience and a keen understanding of various economic indicators and geopolitical developments. By debunking common myths and tuning in to the insights provided by knowledgeable gurus and experts, investors can make more informed decisions. Maintaining a realistic perspective on potential revaluation rates and timelines is crucial, as is staying updated on meaningful developments that could impact the currency's value. 

The journey of the Iraqi Dinar is far from over, and while the landscape is complex, the potential rewards for astute and informed investors could be substantial. The key is to remain vigilant, skeptical of unrealistic claims, and ready to act when the right moment arrives.

Coffee with MarkZ. 09/26/2024

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast.    If a podcast is mostly political…I may not post much of it at all. Thank you 

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning….. Is this another “Groundhog Day” or will something happen???

Member: I honestly FEEL this thing is ready to pop. Oct 1st is the beginning the Fiscal Year of both USA and Iraq. We will know much by Tuesday.     Imo

Member: Yes… Oct 1st seems promising

MZ: Dry on the RV front overnight….but, I have had confirmations from bond groups to bankers who are now expecting this weekend they will be full blown working. 

MZ: A number of groups have been organizing in the hopes they will see the release very early next week. 

MZ: I am hearing wonderful chatter and if even half of it comes to fruition it will be one heck of a week for us. Looking at the last day of September and first of October (Monday and Tuesday) 

MZ: The big news in the DC area is a stop gap bill to avert the government shutdown. In the senate 78 to 18 to do the stop gap spending. 

Member: They all need to go and take the debt they caused with them

Member: I honestly don’t believe Congress has had a balance budget in my lifetime and I’ve been around a while!

Member: Question mark: does it have to be printed in the gazette before we exchange or can we go privately before public/iraq public knows?

Member: I believe All private groups will go before public knows about it……hope we in the internet group on dinar sites are included in those groups.

Member: Thank You Mark, Zester and Mods..

Mark, I would really like to wake up one day to you telling me I don’t have to go to work. Can you make it happen for the love of God??

Member: Just praying super hard this is our “golden” weekend.

Member: Please Lord flip the switch

Iraq Ranks Eighth Among The Largest Importers Of American Rice, 26 SEPT

 Iraq Ranks Eighth Among The Largest Importers Of American Rice

Wednesday 25 September 2024 | Economic Number of readings: 120  Baghdad / NINA / While the United States of America represents less than 2% of global rice production, it ships nearly 5% of global exports, and is currently the fifth largest exporter. Therefore, exports are important for the rice industry in the United States, as about 45% of the crop is exported each year.

According to the US Department of Commerce, "Iraq ranked eighth in the largest importer of American rice for the year 2023."

The ministry stated in a table that "the countries importing American rice for the year 2023, Mexico came in first place as the largest importer of American rice with 638.1 thousand tons, followed by Central America in second place with 633.3 thousand tons, followed by Haiti in third place with 421 thousand tons, Japan comes in fourth with 293 thousand tons, and Canada comes in fifth with 250.7 thousand tons. "

She added, "Colombia came in sixth place with 136 thousand tons, South Korea came in seventh place with 132 thousand tons, Iraq came in eighth place with 111.3 thousand tons, Saudi Arabia came in ninth place with 109.6 thousand tons, Venezuela came in tenth place with 82.4 thousand tons, Jordan came in eleventh place with 64.8 thousand tons, Taiwan came in twelfth place with 56.1 thousand tons, the Dominican Republic came in thirteenth place with 25.9 thousand tons, and the United Kingdom came in fourteenth place with 24.9 thousand tons."  https://ninanews.com/Website/News/Details?key=1157403

TNT UPDATE : THE RATES ARE LIVE : IQD $3.57, DONG $0.47- $2 , ZIM $0.30, , 26 SEPT

 TNT UPDATE 

GOOD AFTERNOON SUPERFANTASTIC TNT FAMILY. TODAY IS HUMPDAY WEDNESDAY, SEPTEMBER 25TH, 2024. 1:08 PM

OKAY GUYS. I WOULD ASSUME THERE IS NO RV TODAY BECAUSE BLOGTALK IS WORKING!      1:08 PM

I WANT TO EXPLAIN SOME THINGS TO YOU - I KNOW I'M GOING TO GIVE YOU TOO MUCH INFORMATION    1:09 PM

I MEAN TOO MUCH DETAIL. SO YOU WILL UNDERSTAND IT; BUT IT MAY GO OVER YOUR HEAD.  1:09 PM

WHY WE ARE WHERE WE ARE.......ON STANDBY - FIRST I'LL EXPLAIN THE SITUATION.........IRAQ WANTS THIS DONE BY MONDAY. THE UN AND US WANT IT DONE AFTER TUESDAY.   1:10 PM

THE REASON IT IS BEING DEBATED IS BECAUSE OF THE FISCAL YEAR.  1:10 PM

GOVT AGENCIES HAVE TO SPEND ALL THEIR MONEY BY THE 30TH - EVERY MONTH THE BANK HAS TO DO AN ACCOUNTING ON THE 30TH.  1:11 PM

I CAN GIVE YOU AN EXAMPLE; BUYING A HOME OR USING A CREDIT CARD. YOU HAVE AN END DATE. THEY HAVE TO RECONCILE ON ALL ACCTS.   1:12 PM

THE US HAS TO SPEND MONEY BY THE 30TH; THEY ARE GOING CRAZY RIGHT NOW.    1:12 PM

THEY ARE ARGUING ABOUT THE BUDGET RIGHT NOW AND THE POSSIBILITY OF A SHUTDOWN - MOST PEOPLE DON'T KNOW WHAT THE GOVT HAS TO DO.    1:13 PM

THE BANKS ARE TRYING TO JUSTIFY STARTING TODAY OR TOMORROW. NEED A PLAN FOR THE MONEY BY THE 30TH. THEY HAVE TO BE PREPARED TO MOVE THE MONEY BY THE 1ST OF OCT.1:14 PM

OUR MONEY IS NOT IN YOUR ACCT BUT IN THE BANK. THEY ARE RESPONSIBLE FOR IT.    1:14 PM

THEY HAVE TO JUSTIFY WHAT THEY DO WITH IT; SOMETIMES THEY CAN'T MAKE THAT DECISION QUICKLY.  1:14 PM

THEY ARE TRYING TO WORK SOMETHING OUT. - THE OTHER ISSUE IS THE NUMBERS HAVE TO STABILIZE1:16 PM

SUPPOSEDLY, TO MY UNDERSTANDING, EVERYTHING GOT CLEARED UP YESTERDAY; ALL THE LOGISTICS     1:16 PM

NOT SURE WHO WON ~ THE BANKS OR THE GOVT. THEY DID COME TO AN AGREEMENT. BUT I DON'T KNOW YET       1:16 PM

ITS SUPPOSED TO BE READY ANY MINUTE. THE RATES ARE LIVE     1:17 PM

IQD $3.57 KEPT JUMPING UP - VND .47 - $2.00 RATES ARE EXPECTED TO BE HIGHER ONCE THE RV STARTS THE ZIM .30.   1:18 PM

RATES ARE EXPECTED TO BE HIGHER ONCE THE RV STARTS. 1:18 PM

WHEN ITS APPLIED IT WILL BE .00000030 FOR THE 100 AND 50 TRILLION NOTES     1:18 PM

THIS WAS THE AGREEMENT - BOLIVAR IS .50 IDR $1.031:19 PM

THEY ARE GOING BACK AND FORTH; NEEDS TO BE STABLE. SOME BANKS SAYING ITS RESOLVED - HOPEFULLY COME TOGETHER TODAY AND WE CAN GO       1:20 PM

TWO ISSUES: THE NUMBERS AND THE TIMELINE TO GO - EVERYTHING IS DONE AND THESE WILL BE THE NUMBERS.1:20 PM

IRAQ HAS DONE EVERYTHING IT HAD TO; - IT BOILS DOWN TO THE NEXT 5 DAYS OR LESS BEING READY TO GO     1:21 PM

I WAS TOLD TO STAY BY MY PHONE. BE READY TO GO!1:21 PM

I WILL KNOW BEFORE YOU DO; EVEN BEFORE THE 800 #'S. I WILL BE EXCITED         1:22 PM

 I AM WAITING FOR UPDATES FROM SOME PEOPLE TO TRACK DOWN MORE INFORMATION - NEED TO GET DETAILS ABOUT "LOGISTICS BEING FINALIZED"      1:24 PM

 IT ALL GOT CLEARED UP YESTERDAY; BECAUSE OF WHAT I TOLD YOU GUYS, THE WHEN HAS GOTTEN WORKED OUT - AS SOON AS THEY GET THE NUMBERS STABILIZED WE GO.     1:25 PM

WHEN IT IS ALL STRAIGHTENED OUT THEY ARE GOING. THE BANKS ARE READY TO GO      1:25 PM

THATS THE PART WE ARE AT RIGHT NOW AT THIS POINT1:26 PM

EVEN THOUGH I JUST GAVE YOU THE ZIM RATE; THE BANK AND THE 3 LTR AGENCIES HAVE ALL AGREED ON THE 2008, 2009 NOTES FOR SURE1:27 PM

TAKE ALL YOUR ZIM NOTES WHEN YOU GO IN. TRY TO GET PAID ON ALL OF THEM, NO MATTER THE TYPE.

MILITIAMAN: Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Relate...

Minister Of Transport Discusses With The International Maritime Organization Returning Iraq To The White List, 26 SEPT

 Money and business  Economy News – Baghdad  On Wednesday, Minister of Transport Razzaq Muhaibis Al-Saadawi discussed with the Secretary-General of the International Maritime Organization, Arsenio Dominguez, in London, the procedures for returning Iraq to the International Maritime Organization’s white list.

The Ministry of Transport said in a statement, seen by "Al-Eqtisad News", that "Minister of Transport Razzaq Muhaibis Al-Saadawi, accompanied by MP Zahra Al-Bajari, Head of the Parliamentary Transport and Communications Committee, Chairman of the Iraqi Maritime Authority Abdul-Azim Ghafil, Director General of Ports Farhan Al-Fartousi, Director General of Maritime Transport Ahmed Jassim Al-Asadi, Maritime Attaché at the Iraqi Embassy and Deputy Permanent Representative to the Organization Mazen Al-Kaabi, visited the headquarters of the International Maritime Organization in London to discuss ways to enhance and develop joint cooperation between the two sides.

" The statement added, "The Minister of Transport met with the Secretary-General of the International Maritime Organization Arsenio Dominguez to discuss procedures for returning Iraq to the IMO's white list."

He continued, "Al-Saadawi reviewed the advanced stages that Iraq has reached in implementing international requirements in the field of protecting ships and the lives of workers in the maritime sector, and working towards a blue environment," expressing his hope that "cooperation between the organization and the Iraqi Maritime Authority will be in a broader field through exchanging visits to specialized workshops, to proceed with implementing all international requirements."

The Minister of Transport extended an invitation to the Secretary-General of the International Maritime Organization to visit Iraq and see the Iraqi maritime sector, while Dominguez appreciated the efforts of the Ministry of Transport to re-include Iraq in the white list of member states of the International Maritime Organization, stressing, "to respond to the invitation to visit Iraq, early next year." https://economy-news.net/content.php?id=48015