DINAR GURUS UPDATE: UNDERSTANDING THE REDENOMINATION , 12 MARCH

DINAR GURUS UPDATE: UNDERSTANDING THE REDENOMINATION  

Highlights

• 💸 Understanding Redenomination: Redenomination simplifies transactions by replacing old currency with new, often by removing zeros.
• 📈 Hyperinflation Impact: Countries experiencing hyperinflation face drastic price increases, making everyday purchases challenging.
• 🇮🇶 Iraq’s Economic History: Iraq has faced severe economic challenges, leading to discussions on redenomination to stabilize the dinar.
• 🔄 Process of Redenomination: Involves government announcement, public education, and a controlled exchange rate for smooth transition.
• 🌍 Global Examples: Successful redenomination cases from Turkey and Kuwait contrast with Zimbabwe’s struggles, highlighting the importance of stable economic conditions.
• 📊 Future Prospects for Iraq: A well-planned redenomination could attract foreign investment, create jobs, and enhance economic recovery.
• 🔍 Public Engagement: Engaging citizens in discussions about redenomination is crucial for fostering trust and understanding of the potential impacts.

Key Insights

• 🏦 Redenomination as Economic Strategy: Redenomination serves as a strategic move for countries dealing with hyperinflation, aiming to restore trust in their currency. For Iraq, the removal of zeros from the dinar could simplify monetary transactions and alleviate the burden of carrying large amounts of cash, thus improving daily economic activities.

• 📉 Consequences of Hyperinflation: High inflation rates lead to a significant decrease in purchasing power, making it necessary for consumers to carry excessive cash for basic purchases. This situation has been evident in Iraq, where citizens have faced economic instability, prompting the need for redenomination.

• 🔍 Successful Case Studies: The video references Turkey’s successful redenomination in 2005, where six zeros were removed from the currency, and the new Turkish lira gained stability. This example serves as a benchmark for Iraq, showcasing that with a well-structured plan, redenomination can lead to a revitalized economy.

• 💬 Public Education is Key: A critical aspect of the redenomination process is public education. The government must ensure that citizens understand the implications of the currency change, including how it will affect their purchasing power and everyday transactions. Financial literacy programs could be instrumental in helping the public navigate these changes.

• 🏗️ Broader Economic Reforms Required: Redenomination should not be viewed in isolation; it must be part of a broader strategy to reform the economy. This includes addressing inflation, improving foreign investment, creating jobs, and enhancing public services, which collectively foster a more stable economic environment.

• 📊 Political Stability as a Catalyst: Political stability plays a crucial role in the successful implementation of redenomination. The government must be able to enact changes without facing significant opposition or unrest. A stable political landscape can facilitate smoother transitions in economic policy.

FRANK26….3-7-25……THE RUMOR IS MY OPINION 

FRANK26: "M.R. DEMANDS SECURITY & STABILITY & TRUMP LEADS THE EFFORT!!!"., 12 MARCH

 KTFA

FRANK26: "M.R. DEMANDS SECURITY & STABILITY & TRUMP LEADS THE EFFORT!!!"......F26

Washington is concerned about Baghdad sinking.. Waltz tells Al-Sudani: Trump's pressure on Tehran will increase

 

3/9/2025

 

US National Security Advisor Mike Waltz confirmed that pressure on Iran will increase if it continues to develop nuclear weapons capabilities and "support terrorism throughout the region," including in Iraq.

This came in a special post by Waltz on his account on the X platform, following talks he held with Iraqi Prime Minister Mohammed Shia al-Sudani.

 

Waltz expressed his concerns about the recent floods in Baghdad.

He also stressed the importance of moving towards strengthening bilateral relations between the two countries based on security and trade interests.

The US National Security Advisor noted that the decision not to renew the waiver on sanctions on Iranian electricity exports is consistent with President Trump's "maximum pressure" strategy on Iran, and that pressure on Iran will increase if Iran continues to develop nuclear weapons capabilities and support terrorism throughout the region, including in Iraq.

He welcomed "Al-Sudani's efforts to achieve energy independence for Iraq, and encouraged his government to welcome more Western and American energy companies into Iraq's oil and gas sectors."

The National Security Advisor also urged the Iraqi government to work with the Kurdistan Regional Government to resolve contract disputes and pay arrears owed to American energy companies, and also asked the Iraqi government to maintain an investment coordinator to work with American companies seeking to invest and operate in Iraq.

The National Security Advisor thanked the Prime Minister for his commitment to the U.S.-Iraq bilateral relationship and emphasized the Trump administration’s commitment to deepening energy and economic ties between the two countries to the benefit of the American and Iraqi people.

A statement from Al-Sudani's office stated that the latter and Waltz affirmed their commitment to strengthening and deepening the strategic partnership between Iraq and the United States, while Waltz indicated that "ending the exemption of electricity supplied from Iran is linked to the maximum pressure policy, which confirms the importance of bilateral coordination to avoid any potential negative effects on Iraq's stability."

The US waiver on sanctions on Iran that Iraq was granted ended on Saturday (March 8, 2025), and thus the Baghdad government will not be able to import Iranian gas needed to operate power plants across the country.

The US State Department confirmed on Sunday the end of exemptions that allowed Iraq to buy electricity from Iran, as part of the "maximum pressure" policy pursued by the administration of President Donald Trump against Tehran.

Washington stressed its refusal to provide any economic relief to Iran, noting that the goal is to end the Iranian nuclear threat, limit its missile program, and prevent its support for armed groups.

For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak of summer, and thus relies on the ongoing American exemptions, which are issued more than once each year.

In October 2024, Iraq signed an agreement with Turkmenistan to import gas in quantities of up to 20 million cubic meters per day, via the Iranian pipeline network, using the swap mechanism to facilitate transportation, but it has not yet started operating due to technical problems, as the Ministry of Electricity recently announced.

In statements made by representatives to Shafaq News Agency, the Deputy Chairman of the Electricity Committee in the Iraqi Parliament, Walid Al-Sahlani, confirmed that the interruption of Iranian gas will cause the loss of 8,000 megawatts from the country's electricity system.

Meanwhile, the spokesman for the Parliamentary Oil and Gas Committee, Ali Shaddad, revealed the Iraqi government’s intention to import Gulf gas instead of Iranian gas after the recent US sanctions, announcing a project that is being worked on at high speed in Basra, in the far south of the country.

LINK

TIDBIT FROM MNT GOAT, 11 MARCH

  Mnt Goat 

 Article:  "INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR”.  If you look at the

Dr Shabibi plan to get to the reinstatement you can clearly see...he planned to put the brakes on after each step, then monitor closely for inflation... 

Folks the process is working…

 Articles:  “INVESTMENT OPPORTUNITIES ARE EXPANDING...FAO IS PREPARING TO TRANSFORM INTO THE LARGEST INDUSTRIAL CITY IN THE MIDDLE EAST” and  “MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES” 

Quote:  “the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border,”  All I can say is WOW! WOW! WOW!. How can the dinar ever stay at 1/6 of a penny in the near future?...

MNT GOAT: They have not yet even opened the 2025 budget, there still can be a rate change coming!!

 

ZOOM IRAQ NEWS : Baghdad now demands public employees’ bank account details to release February salaries to Kurdistan Region, 12 MARCH

 ZOOM IRAQ NEWS 

Baghdad now demands public employees’ bank account details to release February salaries to Kurdistan Region civil servants — a condition the KRG rejects,

Iraqi-Kurdish lawmaker Soran Omar told Zoom News. He added that Baghdad rejects the share of non-oil revenues sent by the KRG, demanding a larger amount, 

and noted that political dynamics are also influencing the salary issue.

7:48 AM · Mar 11, 2025

TIDBIT FROM FRANK26, 12 MARCH

 Frank26  

It was last month that Sudani said right around the middle of February that at the end of February we will bring the budget tables...Then towards the end of last month he says I'm going to do it at the beginning of March...On the 3rd of March he comes out and he says I'm going to do this at the middle of March...

Here we are headed towards the middle of March in about another week and he just made an announcement...he says I'm going to expose the budget tables at the end of March...

We went from the end of February to the beginning of March, to the middle of March...What is April 1st? 

 End of quarter.  What did Dr. Shabibi want when he wanted to release the new exchange rate?  The beginning or end of a year or the beginning of a quarter...