Iraqi Dinar Guru opinions 3-29-2021
Iraqi Dinar Guru opinions 3-29-2021
3-29-2021 Newshound Guru Breitling Question: [My big worry when the time comes to cash out is that the currency traders are the only avenue for exchanging the dinar. Currently they are getting around 20% of that. Is that a fact?] Yes it is. Every business model there is you charge 20%…you get a 20% return at a minimum. They’re not doing anything out of what everybody else is doing. [If that is so, who can we trust?]. Banks. Banks will be competing for the U.S. dollar…I bought all of my currency from a bank. I didn’t buy it from a currency trader.
3-29-2021 Newshound Guru Breitling I think it was at 1 or 2 percent charge or whatever it was…don’t worry about it. Once there’s value added to it and people start to exchange and they [banks] see they will be able to make money off of the exchange…they are going to fight for your currency. Not only that but the traders that are out there where a lot of people bought their currency are going to be fighting for the currency. Period end of story. It’s going to be a competition and you’re going to be sitting in the driver’s seat. That’s not going to be a problem.
3-29-2021 Intel Guru Footforward […do you mind sharing again what rate range you’d expect dong to revalue at, in your opinion?…] 15 cents I think is very reasonable. In my opinion. 25 cents would be on the high end in my opinion.
3-28-2021 Intel Guru Frank26 I’m sorry that I told you that there would be CBI satellite banks where you can take your dinars and deposit them and leave them as dinars. That is not true…there will be many American banks where you can go in to their foreign currency department and deal with the CBI. Banks in the United States of America now have a symbiotic relationship with banks in Iraq…because of the laws of the United States banks and the Untied States Treasury…you can not deposit foreign currency into an American bank account and leave it that way. It has to be changed into an American dollar…
3-28-2021 Intel Guru RayRen98 Saturday- The Kurdish delegation will arrive this evening in Baghdad , and tomorrow it will hold a meeting with the Presidency of Parliament and heads of political blocs to resolve the points of contention and reach a final agreement to vote on the budget law. The deputy from the Kurdistan Democratic Bloc, Sherwan Al-Dubaradani, stated that the atmosphere is currently positive, especially after the meeting of the Finance Committee and its hosting of the ministers, and that Sunday will be a crucial day for voting on the budget law. Committee member Naji Al-Saeedi said in a televised interview: “There is agreement to pass the budget in the Sunday session, and the Finance Committee continues to work to approve the budget,”
3-28-2021 Intel Guru Footforward […does anyone know if they passed the budget?] So the rate isn’t in the budget. Most of you are aware that I’ve been saying that for weeks now that it wouldn’t be in the budget. Do not be discouraged and do not look to iraq! At all! They do not hold the keys to the timeline. I had stress this very specifically. I said they will not put the rate in the budget because they’re not going to make it that obvious and a lot of people are going to be frustrated and are going to sell their dinar.
3-28-2021 Newshound Guru Pimpy Somebody said they’re already exchanging in country 1 to 1. You believe that they’re exchanging 1 to 1 in county? …what do you suppose would happen? …there would be black market stuff galore…people could get rich off of that real quick. Basically what you would do is if you’re in country you send a bunch of money, US dollars, over to somebody out of country. Have them buy the dinars out of country – millions of them – sneak it across the border then go exchange it. Does that make sense? Do you think that’s what’s really going on? …I told you whenever they make the change it’s gonna change for everybody…so no, in country does not have a rate 1 to 1…
3-28-2021 Intel Guru Frank26 …[Guru] WALKINGSTICK AND I GAVE YOU OUR OPINION TWO WEEKS AGO AND WE CALLED IT PHASE 1, 2 AND 3…CHINA….KUWAIT….AND CERTAINLY COUNTRIES LIKE IRAQ THAT ARE GOING THROUGH A MONETARY REFORM ARE GOING TO PUT OUT MISLEADING INFORMATION. ONLY THE WEAK WOULD FEED OFF OF THIS AND GET SICK…WHAT WE HAVE SHARED WILL COME ABOUT. REGARDLESS IF IT’S PRESENTED IN OUR OPINION …BE AWARE OF LIES AND RUMORS CONCERNING IRAQ…
3-28-2021 Newshound Guru Breitling Question: [Since Iraq has devalued the dinar why would they turn around and add value to the dinar so quickly or is the process to add value still a long way off?] Nope, they can do it overnight. Once they start adding value how quickly can they get up to a buck? I don’t know that process. They haven’t really talked too much about it or exactly what’s going to happen. They’ve always said they want to get to $1.17. Period. End of story.