Iraqi Dinar Guru opinions 10-24-2022

Iraqi Dinar Guru opinions 10-24-2022

Iraqi Dinar Guru opinions-predictions10-24-2022 Guru Nader From The Mid East Article: “…According to an official document obtained by Sharak News Agency, entitled, “Reducing the dollar exchange rate” …due to the repercussions of the rise in the exchange rate of the dollar against the dinar, which negatively affected the economic situation of the Iraqi family especially those with low incomes we, members of the attached list ask the Presidency of the House of Representatives to include a paragraph to reduce the dollar exchange rate and gradually return it to the previous exchange rate… [Note: Reducing the dollar is what we want to see…]

10-24-2022 Newshound Guru MilitiaMan Article: “The Minister of Finance holds a meeting with the general managers of Iraqi government banks” Quote: “… the government banking sector was able to commit to providing the requirements to support the national economy and to spare it the negative effects of economic repercussions and international conflicts.” it looks like she hit the ground running… And in an international manner…

10-23-2022 Newshound Guru Samson Article: “Parliamentary Finance talks about the fate of the dollar price in the new government” Quote: “Changing the price of the dollar from time to time has significant repercussions on the local market and the economic situation in a way. That is why we do not believe there is any direction to return the dollar exchange rate to its previous position, even by the new government during the next stage.”

10-23-2022 Newshound/Intel Guru RVAlready I think the CBI, UN, and IMF have the finish line in sight, and they are in a dead run to get the RV accomplished. …I think the CBI is ready to release the RV, once the cabinet is released.

10-23-2022 Newshound Guru Kaperoni If and when the dinar ever goes up in value it will be based on Iraq’s economic growth. The issuance of a 20K note falls in line with that. It’s the beginning of the reduction of the notes sizes as the dinar begins to appreciate gradually.

10-23-2022 Newshound Guru Pimpy Understand the central bank is its own entity. It’s separate than Iraqi government and they’re the ones that actually determine what the exchange rate is going to be. If for some strange reason the governor of the Iraqi Central Bank feels it’s necessary for a higher exchange rate than what they have they’ll make the change. But they are going to have to justify it and it might be against all normal reasons why an exchange rate changes…

10-23-2022 Intel Guru Frank26 As far as the exchange rate floating…you have to be responsible. You have to know when to hold them. And you have to know when to fold them. In other words give them up…You’re going to have to determine that based on your needs. It may be that you want to exchange at 1 to 1. Or you may want to wait a little bit and let it float and see where it caps but you’ve got to be aware of that. That is the math that you are now responsible for.

10-23-2022 Intel Guru Frank26 You invested in this…the math is you have to understand exactly what the float is going to do and how they’ll do it. You’ve got to be aware of when certain denominations will be canceled and the time limit. Remember the 50? They gave you 6 months to trade them in…Be aware of the math at the bank, with the spread, fees, don’t let them trick you…Be aware of the math you are now responsible for…know when to hold’m and when to fold’m because they will trick you.

10-23-2022 Newshound/Intel Guru Walkingstick [via Frank26] …The [CBI satellite bank in US] opened…The satellite banks that have opened up around the world they are in position to collect 3-zero notes outside of Iraq’s banks for their M figures. These 3-zero notes will be converted electronically into their [Iraqi citizens outside of Iraq] bank accounts. Citizens in Iraq can also trade in their 3-zero notes for electronic accounts or for the physical new small category notes in their hands as lower denoms either through the banks or through the ATM machines.

10-23-2022 Newshound Guru Samson Article: “NATO: Iraq is an element of stability in the Middle East”

10-23-2022 Newshound/Intel Guru RVAlready I think their banks and citizens are ready to go. Every time I hear about someone in Iraq, they have been told to expect an RV soon.