Iraqi Dinar Guru opinions 6-17-2023

Iraqi Dinar Guru opinions 6-17-2023

6-17-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They saying that implementation of those that were caught using the dollar have been arrested and how they’re being punished and they’re telling us that because they used the dollar this is what happened to them. They’re telling us how the dinar will be stronger. They’re saying how we should back the dinar and the CBI says are doing campaigns to show and grow the support. FRANK: Get ready… it’s possible that they are preparing to tell you about your new currency and your new exchange rate and the ATMs…

6-17-2023 Newshound Guru Henig Article: “Legal expert: The arrival of the budget to the Presidency of the Republic is considered approved even if it is not approved by the President” Quote: “based on the provisions of Article 73/III of the Constitution, which stipulates that laws enacted by the House of Representatives shall be ratified and issued after fifteen days from the date of their receipt.”

6-17-2023 Intel Guru MarkZ [via PDK] Member Question: Why do some believe it will float and some believe it will be a sudden rate change? MarkZ Answer: Certain parts of the float make sense. Allows them to get a lot off the streets …the problem is it does not return their currency to prominence anytime in the next years…it doesn’t cure any of their ills. They did not “float” the currency down when they devalued it…and throughout history they do not float currency back up once they reduce them. They re-instate them. Now if we see a substantial change like to $2 and then let it float might make sense.

6-16-2023 Newshound Guru Pimpy The deletion of the zeros off the currency has nothing to do with the exchange rate. These are two different issues altogether…they just want to delete the zeros off the currency. That’s it. Nothing more. Nothing less…Understand ‘delete the zeros’ is more of a psychological thing for the citizens. That’s all it is…Now that things are getting back on track we’re going to see the deletion of the zeros…So before the redenomination, 1000 dinars cost to buy an apple. After they delete the 3 zeros/redenomination you could buy the apple with 1 dinar. That’s all this is…it gives the impression the currency is strong and has nothing to do with the exchange rate…

6-16-2023 Intel Guru MarkZ [via PDK] Member Question: I wonder if the Kurdistans paying their employees back salaries on June 18 means the RV must go before then? MarkZ Answer: it appears we will see it most likely by then…but, nobody knows for certain. We are all guessing at this point but, it would make sense…My redemption folks still think they will work this weekend…but I think it will be next weekend.

6-16-2023 Newshound Guru Paulette The budget value is the same at 1300 as it would be at 1-1. It is based predominantly on oil sales denominated in USD. It is just the amount of IQD that differs. The rate is just a number to the currency value. $1,000,000 USD value of IQD at 1300 is the same as a $1,000,000 USD value at .25. It is still $1,000,000 value. The value is the same but the amount of IQD is the only difference. It is just a number tally system.

6-16-2023 Newshound Guru Militia Man Think about it – What’s it going to take to rebuild a war torn country? At 1310 there’s not enough dinar in the world to do so. You can do all the math calculations you want but their budget’s not going to work at 1310. It’s just not going to do that.

6-16-2023 Intel Guru MarkZ [via PDK] What I am hearing out of Iraq on the budget is the president has it – he signed it and it will be announced tomorrow in the Gazette and in the mosques. This is a big one…The Rumor from Iraqi financial circles…Is that they do plan on starting a float this weekend of about $1.00 and float to see what kind of stability it has before they pull the trigger for the rest of the world and for us. So this will start “in-country only”…We are already seeing the numbers move. The official rate is around 1310 but it is showing in the markets at considerable better. This shows they are positioning for an immediate roll-out over the next few days. …they are moving forward and moving forward quickly.

6-16-2023 Intel Guru Frank26 The CBI tells all of its banks you have to open branches in the largest cities we have. What a better way to advertise the new national currency and the new exchange rate in these big cities. No sense in going to the little city, you’re not going to get that much information to spread. Go to the big cities it’ll spread very quickly and we’ll let every citizen know with the app on the phones we game them…Build banks in all the largest cities of Iraq? I guess they have some kind of a big announcement or a big project or some big service that they’re about to offer the citizens of Iraq. Fascinating…

6-16-2023 Intel Guru Bruce [via WiserNow] …15th of June was supposedly our end all be all day to be notified – to get the toll free numbers and set appointments…we had a window from Tuesday morning to Thursday morning… Guess what – the window closed…but there is some light at the end of the tunnel – Because we did hear that things that need to be complete – need to be done – are being done…we have heard that the President of Iraq will sign off sign the budget off on Saturday. And maybe they’ll put it in the Gazette on…on Saturday. And maybe that’s when it happens. …So I’m gonna say let’s see…what the weekend can bring…

6-16-2023 Newshound/Intel Guru Walkingstick [via Frank26] Question: “What is the next step of monetary reform?” It depends on the exchange rate. If the budget comes out and it’s 1300 to 1 the next step is to change that rate because 1300 to 1 was only to be used to carry it over into a budget…The workings of the budget cannot exist at 1300 to 1. Absolutely not.

6-16-2023 Newshound Guru Pimpy People are going ape crazy about what the new exchange rate is going be. They told you already that they’re not going to do anything with the exchange rate until 2025. Having said that, is it possible something could change between now and then that would have them either reduce or increase the value of the dinar? Of course there are. We’ve seen that happen…

6-16-2023 Newshound Guru Clare Article: “With the document.. the budget law reaches the Presidency of the Republic for approval” Quote: “The budget needs to be approved – formally – by the Presidency of the Republic within 15 days, and after publication in the Official Gazette, to be effective.”

6-16-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI governor said the other day about a significant decrease in the dollar exchange rate against the dinar. He said it is coming in days. How long we don’t know but he said coming days.

6-16-2023 Intel Guru RayRen98 [via Babysmom] IT’S REPORTED THAT THE PARALLEL MARKET RATES AND THE RATE ON THE STREETS IS 1,050 DINAR TO 1 USD AND CLIMBING. TIME WILL TELL.

6-16-2023 Newshound Guru Paulette The IBBC is an Annual conference. The Iraq Britain Business Council hosts this in London at The Mansion House. Alaq [Governor of the CBI] is no longer on the speaker list. Hopefully, it is because he is too busy at home.

6-16-2023 Intel Guru MarkZ [via PDK] Member Question: Mark, IYO how long do you think it will take for the Iraqi Dinar to reach over a dollar? MarkZ Answer: Well, I think they will pull the trigger in the month of June. It is floating and pushing the market forward but , if you look at the budget they need a re-instatement of a very meaningful re-valuation to meet it. They do not need a slow, steady climb…I don’t look for a slow climb but a “BAM” Rate Change!!! The biggest piece we have for today is…The budget is currently sitting on the President’s desk…and expected to be signed and fully implemented today…It may already be signed and returned to parliament as we speak. We are waiting on that news to break in Iraq…

6-16-2023 Newshound Guru Militia Man Article: “Parliamentary Conquest: Passing the oil and gas law depends on a signal from the government” There is no stopping this machine now. The law once in FINAL play will pave the way for the oil & gas law. We are going to see some seriously historic things coming out of the country.

6-16-2023 Newshound/Intel Guru Mnt Goat I had an interesting conversation with my CBI contact…I was told that the IMF, World Bank and the US Treasury has given the “green light” to reinstate the currency and liberate it back to the foreign currency exchanges A.k.A. FOREX. What does this mean? This means, as I was told, that they plan to move ahead with the redenomination beginning this week in preparation for FOREX…once they do the “project to delete the zeros” they will first monitor it for inflation for a few days or more. We just don’t know. Yes, they will have to change the rate close to $1USD per dinar inside Iraq first and see what happens. This may go on all next week even so be patient or it may not be so long.

6-16-2023 Intel Guru Frank26 Article: “The Iraqi Trade Bank and JPMorgan are discussing the development of banking operations”. CHASE TOLD THE WORLD THE IRAQ DINAR IS A SCAM… NOW THEY TELL THE WORLD IT’S THE GREATEST CURRENCY IN THE WORLD

6-16-2023 Intel Guru MarkZ [via PDK] “Government movement to fulfill the requirements of iraq’s ascension to the World Trade organization.” This is enormous. There is something very important they need to have to be a full member of the WTO…they need an international fully accepted currency. It is here in print…This means reinstatement or revaluation…not a float. Iraq is moving quickly.

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