Iraqi Dinar Guru opinions 5-2-2023
Iraqi Dinar Guru opinions 5-2-2023
5-2-2023 Newshound/Intel Guru Mnt Goat Article: “SUDANESE ADVISOR: THE OFFICIAL AND PARALLEL EXCHANGE RATES MATCH DEPENDS ON THIS MATTER” I believe this is part of the process to the RV and reinstatement. My CBI contact has told me a couple times now that they must get the rate within the range necessary. The official rate and parallel market rates must match with only a small variance allowed and I quote – “If the difference between them is 2%, then it is considered a match.”
5-2-2023 Intel Guru MarkZ Question: Is this our week Mark? MarkZ answer: Even though I keep getting egg on my face…I do believe this could be our week.
5-2-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They said the CBI tomorrow launches a new campaign… making more services available to citizens like electronic payments, new bank accounts, open loans, new cards etc…all things to reduce cash…The governor announced all payments of salaries to foreign workers inside of Iraq will be done in dinars, plus all taxes and insurances must be paid in from now on in dinars. FRANK: The national currency is about to come out and the new exchange rate. All of these things have to be set up now. You can’t introduce a new exchange rate and new currency [without these things being done first] …this is the definition of your monetary reform education…
5-1-2023 Newshound Guru Deepwoodz …Why choose 1310 at all? Doesn’t compute in my mind…They jumped from 1160-1190 to 1460 with the flip of a switch. Only one reason why they can’t make an equal jump back…because they don’t want to yet. So what are they waiting on? And if you think de-dollarize, wouldn’t making your currency more valuable (with the IMF’s consent) instantly cause all the citizens to forget the dollar?
5-1-2023 Intel Guru Frank26 I don’t know when it [The Iraqi dinar rate] will be capped…I don’t know when it’s going to stop with the cap. You must determine that. It’s your stewardship/responsibility. I will say this, Middle Eastern currencies are all $3+…
5-1-2023 Intel Guru MarkZ [via PDK] Article: ”The State Administration sets a deadline of 10 days for resolving discussions on the budget” If they are putting this out this means they are way ahead of that timeline now…. They put out dates to keep the timing cloudy. Question: Do you expect a new rate inside the budget? MarkZ answer: I expect to see it about the same time…. HCL needs that rate. (The Hydrocarbon law)
5-1-2023 Newshound Guru Clare Article: “In the presence of Al-Sudani and Al-Halbousi.. The state administration sets a date for resolving the budget discussions” Quote: “May 10, 2023 as the last resort to resolve discussions on budget items…The meeting was attended by the Prime Minister, Speaker of Parliament and all leaders of the coalition.”
5-1-2023 Newshound/Intel Guru Walkingstick [via Frank26] The basket that they have chosen to be in is probably the safest way to start the float – at 1.5…or the CBI can come out and say, ‘We’re done.’ And come out with the new small category notes…at a full 100% asset backed after the onset instead. What do you want to start at $3.50? Ok fine. They can do that if they wanted to. Would they do that? They can.
5-1-2023 Newshound Guru Samson Article: ”Today, Sunday, the Association of Iraqi Private Banks confirmed that the dinar is recovering and will return strong and stable.”
5-1-2023 Intel Guru Frank26 Article: “Central: Payment of wages and salaries of foreign workers in Iraqi dinars” THE CBI SAYS TO THE INTERNATIONAL WORLD YOU CAN TRUST OUR NATIONAL CURRENCY & BECAUSE OF ARTICLE 8 WE CAN TRUST YOUR FOREIGN CURRENCY IN OUR COUNTRY.
5-1-2023 Newshound Guru Deepwoodz …We have a Shiite PM who was installed by the coordination framework/state of law Maliki coalition after they ran Sadr out of town…the fact that he is quiet now only means whatever made him leave is still in effect. Now we have a lot of promises, but do we really? Parallel rates? 1310? So they took a mile and are giving back an inch. No wonder Iran isn’t causing any more trouble. They don’t have to…All I want to know is why 1310.
5-1-2023 Intel Guru MarkZ [via PDK] Many of us believe the budget and HCL is done…just needing to be announced with the new rate…many of us are hearing this from on the ground contacts in Iraq. It was expected they would announce this over the weekend in Iraq…but they have not yet. The IMF is showing the special drawing rights (SDR) of the Iraqi dinar… Saying a Nominal effective exchange rate (NEER) and there is already a float going on…
5-1-2023 Intel Guru MarkZ [via PDK] It appears they have made a massive change on how they are paying people internationally. It looks like 1 USD only buys 151 dinars which would be a massive change in value over the weekend. Although they have not yet announced a price change. And it is not yet on forex…It’s a crazy thing-what they are doing. Based on this I am expecting huge movement at any moment. I have friends that are contractors over there and they used to get paid in US dollars. Now they are only paid in dinar…. We are really close.
5-1-2023 Newshound Guru Pimpy There seems to be a lot of stalling happening when it comes to the budget and I’m wondering if they’re just waiting to see what the United States is going to do as far as the Central Bank Digital Currency is concerned. Are they just waiting for the United States to move into the CBDC? Because if they’re supposed to be the currency that they use then guess who else has to go into the CBDC’s. Everybody else over there…
5-1-2023 Intel Guru Frank26 They [The Iraqi citizens] know. They’re drilling it [that change is coming to the dinar] into them everyday, hour after hour, commercial after commercial. It cannot fail with the Iraqi citizens.
5-1-2023 Guest Guru CANDYKISSES TODAY IS A HOLIDAY IN IRAQ…”Iraq suspends official working hours on Monday on the occasion of Labor Day … The Iraqi Prime Minister, Muhammad Shia’a Al-Sudani, directed the suspension of official working hours on Monday, May 1, coinciding with International Workers’ Day.”
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