Iraqi Dinar Guru opinions 11-2-2022

Iraqi Dinar Guru opinions 11-2-2022

Iraqi Dinar Guru opinions-predictions11-2-2022 Newshound/Intel Guru Mnt Goat …we need the reinstatement on FOREX to be able to go to the bank and exchange at the rate we want. In this regard, there was some new bit of very good news in the articles this week…an economists spoke up about the reinstatement. WOW! No, he did not mention the word “reinstatement” perse, but described exactly what the process would be and should be. He only left out the float part… The other amazing part about this same article is that it also talked about the program rate and changing the exchange rate. Yes, both concepts of changing the exchange rate compared to each other in the same article. WOW! WOW!…Is this just the beginning of the push to go international?

11-2-2022 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Key is back to 1190 then within 3 to 4 weeks go to 1 to 1 maybe even $1.15 soon after that to go into the $3+ range. FRANK: Well that’s almost correct…

11-2-2022 Intel Guru MarkZ [via PDK] [Is it true that if we exchange with the first basket –we cant exchange with the 2nd?] I am told that is no longer true …there will not be a “true second basket” Now one basket of everyone that is ready will go….and all others will go individually as they are ready…we should still be able to take advantage and invest in the other countries currencies as they go…after the initial first basket. All those not ready I expect to float and float quickly to where they belong.

11-1-2022 Newshound Guru Samson Article “Report: The 2023 budget will cross the $100 billion mark” Quote “there is no intention to change the Iraqi dinar exchange rate against the dollar at the present time, after a lengthy meeting held by the new Prime Minister, Muhammad Shia. Al-Sudani, with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikheeb, yesterday, Monday”

11-1-2022 Intel Guru MarkZ [via PDK] We have some interesting news out of Iraq today. Sudani stated the Central bank has the mechanism to change the rate…quote: ”Al Sudani said…the Central bank is the only ones responsible party for changing the dollar exchange rate…and we are committed to this aspect. And we support the independence of the bank.“ This means the bank can change the rate…they do not need anything else.

11-1-2022 Intel Guru MarkZ [via PDK] From the banking side today…Bankers are through the roof excited. They think there will be a release this evening…my bankers …think we are in a 24-36 hour window. I think it’s a bit premature… It is possible they are correct…especially with the chatter coming out of Iraq today. …the remarks coming out of Iraq today… reinforced what I was told by my Finance Ministry contact on the ground in Iraq…that at this point is up to the CBI to change that rate. …There is an overwhelming level of excitement.

11-1-2022 Newshound/Intel Guru Walkingstick [via Frank26] As soon as you see a “seated and announced” government, and that’s the key, it has to be announced. Seated and Announced. Right now they’re just piecing it [together] and telling you about it…

11-1-2022 Newshound Guru Pimpy I have no doubt Iraq is going to change their exchange rate and bring it back to the previous rate. Right now you get 1450 Iraqi dinar for every 1 dollar. I’m pretty sure they’re going to change it back to where you get 1200 dinar for every U.S. dollar or 1190… you’re looking at about a 17.5% increase in value. That’s not too bad at all just depends on when you bought…and how much you paid for it…

11-1-2022 Newshound Guru Pimpy I’m anticipating that once the first rate change takes place, depending on how it affects the Iraqi government I’m anticipating a second rate change within 6 months. Nothing major. They’re just going to go up in increments. I think what they want to do is pay attention to how these increases are going to affect the overall economy…I’m anticipating the first rate change will start stimulating the economy even more…it’s easy to get excited about what’s going on…

11-1-2022 Intel Guru MarkZ [via PDK] I’ve not heard anything negative and I’ve not heard anything positive either. Everyone seems to be waiting on whatever this trigger event is. Most of my sources are telling me it’s still between the 3rd and the 11th. Praying it is sooner as I know many people are suffering. Iraq news is a lot of investment fluff. Everyone is counting on Iraq having a new rate. All of the investments, cross border payments, setting up of electronic banking in the country …we know they are planning on a much higher value in their currency.

11-1-2022 Newshound Guru Jeff Iraq has made tremendous progress and strides meeting the central bank’s requirements of achieving political stability and everything…the next reform step is the rate change.

11-1-2022 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Two more positions is what they’re telling us they need. It’s enough now to have a seated government but the last two spots are in dispute between the Kurdistan parties but we do not think that’s going to delay anything…

11-1-2022 Newshound Guru Samson Article: “After the fluctuation … Assurances that there is no step to change the exchange rate of the dollar against the dinar” Quote: “The exchange rates of the dollar against the dinar continue to fluctuate in the local market value…amid speculations from some parties that the Sudanese government will reduce the rate, although all the assurances refer to finding economic solutions and not changing the exchange rate.”

11-1-2022 Newshound/Intel Guru RVAlready If the CBI considers Iraq stable enough, they will release the RV. The RVs will improve stability in the region. The UN is pushing this release. The CBI has had plenty of time to prep for this. They should let this go soon…I think the UN and IMF have given the CBI the green light…

11-1-2022 Intel Guru MarkZ [via PDK] News out of Iraq is all over the place. Seems to be status quo right now with politicians, leaders and finance ministers…but don’t take this as a bad thing. Part of them are saying”no,no, no –we can’t do it now” and part are saying “We are absolutely doing it now” This is what we expect. We saw the same thing out of Kuwait…this is playing out exactly as expected. We have to somehow keep our calm and our patience as we work through this.

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