Iraqi Dinar Guru opinions 1-7-2023

Iraqi Dinar Guru opinions 1-7-2023

1-7-2023 Newshound/Intel Guru Walkingstick [via Frank26] The announcement is about timing – concerning the new exchange rate. I wonder if the CBI governor will even make it through that time period…he’s got to do his job… Article: “A source reveals behind the scenes of the news that talked about the dismissal of the governor of the Central Bank”

1-7-2023 Newshound/Intel Guru Mnt Goat Iraq started the process of joining the WTO 18 years ago…the process was delayed due to corruption in Iraq… due to political and economic instability this was stalled until 2017…Since then, the fast-tracking process is underway…Iraq has made considerable progress in this front…They must be VERY close to full membership…I will say that I believe the WTO is also going to push that Iraq reinstate the IQD back on FOREX and relieve Iraq of all sanctions on their currency… Iraq was supposed to be already reinstated on FOREX, as Dr. Shabib wanted to do back in January 2013.

1-7-2023 Intel Guru Bruce [via WiserNow] We hope that the intel that we’re getting now and we’ve got it from several sources, we’ve got it from sources with from Wells Fargo, Citibank, we’ve got it saying that we’re going to start these exchanges on Tuesday…And that’s what I believe.

1-6-2023 Newshound/Intel Guru Walkingstick [via Frank26] The 3-zeros are going to drop gradually as the IQD floats internationally. You will see the exchange rate go from .000 to .00 to .0 to . – that’s the float.

1-6-2023 Newshound Guru Kaperoni Question: “Iraq has 80 trillion dinars idle….Just a question….how can it Reinstate at 1-1 with all of that? That is a huge load of them isnt it?” …The latest articles I’ve seen from the Ministry of Finance indicate Iraq has over 100 trillion dinar in circulation. Even if it was less it’s still significantly more than Iraq could ever afford to RV…

1-6-2023 Intel Guru Bruce [via WiserNow] …this is what we’re hearing…Bondholders… it’s important that we know when the bondholders are actually going to be paid because it should trigger virtually a shotgun start with us. It could be within hours of when we get notified …When will the notifications come to us? Probably Monday…we got a good shot of getting our exchanges started Monday evening…If it’s later in the day, on Monday that we get our notifications…we’re automatically defaulted to Tuesday, for our start of exchanges…So I’m excited about where this is going. I hope this is the end of the ride.

1-6-2023 Newshound Guru Pimpy The re-denomination of the Iraqi dinar…too much crap has happened with the Iraqi dinar for it to continue to exist in its current state. Something needs to be done about that.

1-6-2023 Newshound Guru Clare Article: “Minister of Oil: We have achieved more than $115 billion in exporting crude oil for the year 2022″

1-6-2023 Newshound/Intel Guru Walkingstick [via Frank26] Don’t think for one moment that the float is going to go into a ridiculous number like $5, $6, or $7. No. Absolutely not…the CBI is in control not out of control… bands/measures will continue to keep the Iraqi dinar as it floats within a disciplined form… +/- 3% with a predetermined exchange rate as a goal…don’t think that it’s going to go higher than other Middle Eastern countries.

1-6-2022 Guru Nader From The Mid East The only way for you to be comfortable and say okay it’s time or it’s close is when you see him change currency. When you see him [CBI] come out with a new currency and stop buying and selling the dinar…

1-6-2023 Intel Guru MarkZ [via PDK] There has been no new RV news since yesterday evening. Everything still appears to be moving forward. Groups are still finishing any paperwork submissions they need by this evening. Everyone is still looking for a release around the 9th….so it still looks good.

1-6-2023 Newshound Guru Sandy Ingram This is an extremely important lesson and real case study of the Central Bank of Egypt’s decision to float the currency. We are sharing this information so you know what to expect or not expect should and when Iraq floats their currency…Floating a currency… means the government is no longer controlling the value of the Egyptian pound…For decades the Egyptian currency was pegged…it could only go up or down based upon the fluctuations of the U.S. dollar…Then Egypt needed a loan from the IMF…

1-6-2023 Newshound Guru Sandy Ingram One of the conditions required Egypt to float their currency…the immediate results were high prices and…a sudden widening of the exchange rate between…the black market and the Central Bank of Egypt’s currency rate…The value of the Egyptian pound dropped by nearly 50% last Thursday however in the long term it is hoped…floating the currency will control inflation…Egypt has been running desperately short of foreign currency. Iraq does not have this problem…Iraq foreign currency reserve is now over $96 billion..

1-6-2023 Newshound/Intel Guru Mnt Goat Article: “FOR THE FIRST TIME, CENTRAL BANK SALES ARE DEVOID OF FOREIGN REMITTANCES” Quote: “the central bank sold today, during its auction for buying and selling US dollars, 43 million and 500 thousand dollars…” They have told us Iraq needs about 60 million in currency auctions sales a week to meet the demand of the Iraq economy. So this sales is just about where they expect it. Also this time the auctions sold only CASH and no large electronic transfers…

1-6-2023 Newshound/Intel Guru Mnt Goat Article: “FOR THE FIRST TIME, CENTRAL BANK SALES ARE DEVOID OF FOREIGN REMITTANCES” Quote: “the central bank sold today, during its auction for buying and selling US dollars, 43 million and 500 thousand dollars…” They have told us Iraq needs about 60 million in currency auctions sales a week to meet the demand of the Iraq economy. So this sales is just about where they expect it. Also this time the auctions sold only CASH and no large electronic transfers…

1-6-2023 Newshound/Intel Guru Mnt Goat Did they finally get it under control using the new platform installed by the US Treasury? Remember it was going over 200 million most weeks and the difference was being stolen and not part of the economy…To me this is very good news…It matters in stabilizing the monetary system of Iraq. We need this before they will pull the trigger on any reinstatement. When the CBI says they need ‘stability” this is all part of it.

dinarguru.com