5-13-2026 Intel Guru Frank26 [Iraq boots-on-the-ground report] OMAR: We got some good news about our banking system. They say the banking system of Iraq is one of the most advanced in the world but we’re one of the worst in the region also because there’s no trust in these banks. Most of the money is being held outside of banks… FRANK: It’s been set up by the United States to be as modern as possible…You cannot steal this money anymore. When did you last hear that somebody stole money from Iraq? …There’s a change coming.
5-13-2026 Newshound Guru Sandy Ingram President Trump recently stated he is seriously considering the idea of Venezuela becoming a part of the United States…Trump linked the proposal to Venezuela’s enormous oil wealth. Venezuela holds some of the world’s largest oil reserves. Trump claimed the reserves could be worth trillion of dollars…Venezuela remains one of the most strategically important oil-producing countries in the Western Hemisphere. Its location near the U.S. gulf coast refineries makes Venezuelan crude oil especially valuable to American energy markets.
5-13-2026 Newshound Guru Thom The Trump-Xi summit in Beijing is now the single most important external event for Iraq this week: if China delivers a framework that moves Iran toward a Hormuz deal, Iraqi oil revenue, the dinar, and the 2026 budget all recover simultaneously.
5-13-2026 Guest Guru Trader John [Response to Guru Fnu Lnu’s 5-11-2026 dinar tax post below] I decided to re-check…IRS.gov website, & summarize them for you…IRS Publication 525 – Catalog Number 15047D – Taxable and Nontaxable Income… – page 33: “If you have a gain on a personal foreign currency transaction because of changes in exchange rates, you don’t have to include that gain in your income unless it’s more than $200. If the gain is more than $200, report it as a capital gain.” IRS Topic no. 409, Capital gains and losses: ” …For taxable years beginning in 2025, the tax rate on most net capital gain is no higher than 15% for most individuals … However, a capital gains rate of 20% applies to the extent that your taxable income exceeds…[$533,400]…Net short-term capital gains are subject to taxation as ordinary income at graduated tax rates.” Taxpayers do not choose whether to report profits from Foreign currency transactions as capital gains or as ordinary income…the actual IRS law determines this fact and the defined rates! [dinar guru Note: Consult your tax and asset protection advisors to determine the ideal tax strategy for your unique circumstances.]
5-13-2026 Intel Guru Reset Intelligence Article: “Iraqi Parliament Schedules Vote on Confidence in Ali al-Zaidi Government” Watch everything fall into line like clock work this week.
5-13-2026 Newshound Guru Militia Man Right now we have multiple major threads moving at once. We have the political government formation accelerating. We have the monetary banking issues being addressed in the news toady as the CBI publishes final stage valuations by the international audits for banks and explicit preparation for global financial integration… Then there’s the Oil and Gas law on the table…for revenue sharing and long-term stability…and non-oil sectors are continuing to advance. All that’s converging at the same time…This convergence is not random. It’s the kind of multi front alignment that historically precedes bigger monetary steps…
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5-13-2026 Newshound Guru Jeff A ‘formed government’, I didn’t say completed, I said ‘formed government’ would allow them to be eligible to revalue the currency…They need a majority completion. 13, 14, 15… somewhere in that camp. Again, in order for them to be eligible to revalue they need a majority completed cabinet. Not a full completion.
5-13-2026 Newshound Guru Stephen It looks like the new prime minister’s cabinet is not going to go through this week. I’m going to go out on a limb and speculate the government formation is probably not going to fully happen until the end of this month, if not sometime in June…This is generally how it goes in Iraq. They never meet timelines…The only caveat to that being is since the Trump administration has gotten involved we see they can no longer delay like they used to.
5-13-2026 Newshound Guru Thom Question: “In the past you’ve thought $4 for iqd. I respect your opinion, but why so much?” Under Saddam Hussein it was $3.22 and now, after 25 years of rebuilding, Iraq has more assets and resources to back their currency with.
5-13-2026 Guest Guru Ariel The IMF is demanding gold backing to stabilize the currency against fluctuations. President Nizar Amedi and Governor Ali al-Alaq have publicly stressed strengthening the dinar. You cannot anchor with gold, go fully cashless by July 2026, and maintain a weak, manipulated rate.
5-13-2026 Intel/Newshound Guru MarkZ Article: “Kurdistan Democratic Party (KDP) MP Rudaw: Talks on the oil and gas law between Bagdad and Erbil have reached an agreement” They have not voted, they have reached an agreement and are expected to vote on it at the next legislation session… Huge news.
