Reset Intelligence

In the US a currency windfall can be taxed at up to 40.8% as ordinary income…Foreign currency gains fall under section 988 of the Internal Revenue Code.  They are taxed as […]

On Sunday, Iraq’s Finance Minister sat down with the Central Bank Governor…The same day…state television kept repeating that the government is weighing removing the three zeros from the currency…The signals […]

70% of family fortunes are gone by the end of the second generation. Williams and Preisser studied 3,500 families to find out why. Trust and communication breaking down: 60%. Heirs nobody […]

Back in April, Washington blocked its cash shipments to Iraq to force Baghdad’s hand on the militias. This week the plane was reloaded with $500 million. Nobody freezes half a billion […]

A public who has spent weeks hearing the state cannot pay [their salaries] will greet the [rate] change as rescue, which it was designed to look like…The dinar moves last […]

Iraqi salaries running late is not news. What is news is Baghdad stopped excusing the delays and started explaining them, on the record, with numbers attached. The government confirmed a […]

Iraq’s smallest banknotes have vanished from the market stalls. Baghdad sent its top financial advisor on TV to explain why.  He is the same official who wrote the plan to replace them […]

Do Baghdad’s two empty [cabinet] chairs get filled first with the Iraqi militias disarming after or do the weapons go first and the cabinet forms behind them?  Gaza runs one […]

Baghdad keeps doing quiet, boring, specific things to its money that only make sense in one direction. :Reset Intelligence

The sequence we are watching, IMO, is not [cabinet] seats first.  It is the weapons question answered, then the chairs filled, then the Iraqi budget, then the rate…The order the Board […]

While corrupt militias still hold ground and threaten the region, no budget passes, no oil law moves, and the dinar stays pinned where it is. That is the real reason the […]

Mazhar Muhammad Salih, the Prime Minister’s financial advisor, went on camera about the missing 250 and 500 dinar notes. Paper wears out, he said. He also pointed out that Iraq, unlike […]

Washington is drawing a new map of the world’s money.  The IQD sits in the middle of that map and is still not priced anywhere near the value of whats […]

Tuesday night Baghdad’s prime minister stood in Ankara and sold Turkey a quarter of his country’s oil, a piece of the Kirkuk field and the trade road that runs around Iran.  […]

A country does not get to benefit from a stronger currency until one government, and one alone, holds the right to use force inside its borders. Next door in Lebanon, an […]

Non-oil revenue hit a record 16% of government income, up from under 5% before 2020. : Reset Intelligence 

An economic expert floated removing one zero from the dinar. No official has confirmed it…Removing a zero is a redenomination. It changes the face of the note, not what the […]

Iraq’s prime minister signed a rail line to carry trade into Iran, and in the same week let a US-led group begin engineering…the Kirkuk to Baniyas line out to the […]

A currency gets a new value the day the country behind it gets clean enough that the world will finally price it at its real weight.  That is the whole of […]

The rate is not the thing trapped behind the WTO. It waits on a budget parliament has to write and a cabinet it has to seat, and those are the […]

Why does [the Iraq dinar] sit at 1300 to the dollar?  Because 1300 was written into the 2023 budget law and frozen there.  It moves only when a seated cabinet […]

Connections do not open the redemption channel, documentation does.  A passport, original purchase receipts, ideally from a registered dealer, the wire confirmations showing the funds left your bank and a clean […]

We are closer to this than we have ever been…Most people have no idea it is coming. They did not read the filings or follow Iraq. They are working the shifts […]

Al-Zaidi runs a half-built cabinet. Parliament seated 14 of his 23 ministers back in May and stalled on the other 9, interior and defense among them…Until that cabinet is whole […]

The Iraqi dinar stays frozen at a program rate, far below what a country sitting on $16 trillion of oil and gas is worth. Take the outside hands off it [Iran], […]

You do not rebuild your whole financial system to keep a currency worthless. You do it to make the currency clear and globally recognized. But the door has a lock, […]

When the notes change the mattress stuffed money has to come out. You cannot exchange a lifetime of hoarding cash at a street stall, an old paper that never reaches a […]

Iraq does not publish announcements before an event and the central bank does not telegraph rate moves.  The last arrives the way the last move arrived, overnight…with the architecture quietly […]

Iraq’s prime minister is in Washington …He brought his entire economic cabinet and booked 5 days…The finance minister sits with the World Bank, the IMF and the US Treasury, working […]

The dinar trades at 1,300 to the dollar for one reason… That number is frozen in the 2023 budget law, and it moves only when a seated cabinet passes a […]