Iraqi Dinar Guru opinions 9-1-2021
Iraqi Dinar Guru opinions 9-1-2021
9-1-2021 Intel/Newshound Guru Frank26 Article “The Iraqi Finance Minister supports the floating of the currency” Quote “The Iraqi currency is floating, but the central bank intervenes from time to time until it places it pithing a certain bar…floating the currency is fully or partially liberalizing the exchange rate…” Let my exchange rate go!!!
9-1-2021 Newshound Guru Pimpy You guys brought to my attention the article in which a Financial Minster of Iraq Allawi says he supports a floating exchange rate which is good…that means the market dictate the value of the Iraqi dinar. That means the Iraq dinar is not pegged to the US dollar any longer. Good. That’s what you want. But it’s not a true floating exchange rate. That’s what we call a managed float or a dirty float. In other words it floats on its own depending on what the market things of it but if it goes too far one way or the other the bank interferes with the rate change and affects it either way – going up or down.
8-31-2021 Intel Guru MarkZ Question “Anything new on the dong…?” Nothing new..still expect the same rate….still expect it to go at the same time…In fact much of what we are hearing rate wise is not expected to change on anything. If something does change…I will let you know.
8-31-2021 Newshound Guru Breitling I still see the rate coming out in the .50 to 60 cent range and then growing from that point. But if the United States doesn’t have as much control as they did and somehow we pull more troops out of Iraq you’re going to see a de-dollarization and you’re going to see them add value to their currency literally overnight. And you need to get out [of the dinar/exchange]. You need to be prepared…it’s not going to threaten the revelation of the Iraqi dinar. If anything it’s going to quicken it and that’s the way you have to look at it.
8-31-2021 Intel Guru Holly Tuesday RV Update: The news I’m hearing is positive! We still need F&P’s to go and that will kick everything off!
8-31-2021 Intel Guru MarkZ According to my banking sources we have a lot of activity. They still believe it will be the 7th for exchanges with notifications as early as Wednesday right now. I am hoping this is accurate. We have been here before so we need to manage our expectations.
8-31-2021 Newshound Guru Kaperoni The two most important facts that everyone should look at when they consider the dinar. 1. How much dinar is in circulation? Answer- well over 42 trillion. 2. What is Iraq worth? Answer- all the minerals in the ground including oil is only around $16 trillion.
8-31-2021 Newshound Guru Pimpy I believe the Iraq dinar rate is going to change for the better. I believe it’s going to get back up there. The reason for that is…in comparison of Iraq country to the Kuwait country and if you look at the things that contribute to the value of the dinars, their currencies, you could see that Iraq clearly has more to offer…should have a stronger dollar but right now the Kuwait dinar is the most valuable currency out there…I know the Iraqi dinar is eventually going to catch and pass the value of the Kuwait dinar. If anything it’s probably going to be the most valuable currency.
8-31-2021 Newshound/Intel Guru Frank26 Article “The Minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change.” What?! This is the fourth article saying that they changed the exchange rate…they’re telling the 2022 [budget] is of a new dimension. It is something that they’ve never ever witnessed before. A new exchange rate. Quote “The process of changing the exchange rate was not easy…should have been changed years ago.”