Iraqi Dinar Guru opinions 1-3-2024
Iraqi Dinar Guru opinions 1-3-2024
1-3-2024 Newshound/Intel Guru Walkingstick The evidence for the monetary reform was perfectly set up at the start of 2024. If that’s the case, what happened? Ka-ka happens. Things happen. It is what it is. What…I’m very very excited about, it’s not about rumors..Iran stealing…lies…our government here in the United States of America…Right now what it is, is they are announcing the monetary reform to the Iraqi citizens. There talking about the float and the reason why they’re talking about the float IMO is because that’s the next phase…
1-3-2024 Newshound/Intel Guru Mnt Goat …2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000. This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable…It’s all very good signs but now there yet.
1-3-2024 Newshound/Intel Guru Mnt Goat My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want. We need to keep our eyes on the CBI “official” rate. When this rate drops again, I was told they will move ahead on the project to delete the zeros. They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year.
1-3-2024 Intel Guru MarkZ [via PDK] …I have ZERO doubt that we are going to reset and the Iraqi dinar, Vietnamese dong, and others are going to do exceptionally well…It’s all in our history.
1-2-2024 Intel Guru Frank26 Question: “…Some of the banks I called said they’re going to send them to another bank and inspect them and then bring them back?” What happens if the Brink truck as it’s driving to the the other bank gets robbed? ‘We will replace the dinar.’ No you won’t. You’ll replace the value, which is ka-ka right now. Don’t ever lose site of your dinars. I told you take pictures. You just need pictures of the front of your dinar not necessarily the back. The front has the batch number and the serial numbers. That’s what’s important.
1-2-2024 Newshound Guru Pimpy Question: “What’s the difference between a dirty float and a managed float?” You have a fixed rate like we have now… where they come out and say you get 1320 dinar for a dollar, fixed. Then you have two types of floats…Free Float – that means a market determines the value no ifs, ands, or buts. The market determines the value. That’s a free float. A managed float is the same as a dirty float. That means the Central Bank of Iraq will watch what happens in the free market, like Forex, but if it goes too far in one direction…then they intervene. They’ll do something to control the exchange rate to keep it from getting out of whack.
1-2-2024 Intel Guru MarkZ [via PDK] It’s a painful nothing burger this evening with RV news…I ran into a brick wall everywhere I go this evening. I do not know if this is good/bad…but it is only Jan.2nd.and this is the first work day of the new year.
1-2-2024 Guru Nader From The Mid East Question: “Is the rate and the [lower] currency gonna come out together?” I think yes. This is why I think yes. First, because they cannot change an exchange rate with a big numbers [rate] and Second, they cannot change a [lower] currency with the small exchange rate…If you change, you’ve gotta change both. If you take the 3-zeros from the currency, you’re gonna have to take the 3-zeros out of the exchange rate in the same time. That’s what I think.
1-2-2024 Newshound Guru Sandy Ingram People have been asking, ‘Why is the Iraqi dinar one rate in Iraq and a different rate online…?’ There are two major reasons for the different rates. 1. The Iraqi government imposes strict currency controls to limit the flow of dinars out of the country. This creates a dual exchange rate system: Official rate – fixed rate imposed by the Central Bank of Iraq…Market Rate – Freely fluctuating rate is used for private transactions and most imports… 2. The IQD is not widely traded internationally …Limited demand for dinars outside Iraq weakens its value on
the international market. But…they are now saying speculation about a potential revaluation of the Iraqi dinar sometimes influences online prices… Speculation investors, that’s us. We are causing fluctuations in the currency value…
1-2-2024 Newshound/Intel Guru Walkingstick They didn’t print new coins. The old coins they had are still good. That might be one of the reasons why IMO they’re going to incorporate it along with the lower denoms at the same time…They have not manufactured any new coins. The CBI is going to use the old coins. Those coins are sitting in the CBI vault…You can throw away fiat. You can throw away paper, the 3-zero notes, but it would be dumb to throw away precious medals. It doesn’t have Saddam on it…Coins don’t.
1-2-2024 Intel Guru Frank26 I told you IMO they would go one more major move. I think that’s where they’re going. Look where they’re at. Look where they’re going. When they get to 1000 to 1, talk about the perfect scenario to lift the 3-zeros…But remember there’s a good chance we’re not going to see the 1000 to 1.
1-2-2024 Newshound Guru Militia Man The United States Treasury, the US Federal Reserve Bank, the Bank of International Settlements, World Trade Organization, the EU, many different entities have been working with Iraq to get her to go to an international standard. The stage is set for Iraq to be international…Everybody should know that and it’s not just a simple Dinar Guru situation, it’s actually the largest financial entities in the world are the ones that are giving us this information. I hope you take that to heart and pay attention to it.
1-2-2024 Newshound Guru Pimpy Here’s the thing that everybody is missing. Article: “Government adviser announces entry into force of 2024 budget” Quote: “…the exchange rule 12/1 does not currently exist under the Financial Management Law No. 6 of 2019, as amended until the beginning of 2026.” What is Iraq’s exchange rule 12/1? …The 12/1 rule refers to the rate at which the Iraqi dinar is exchanged with the US dollar. 12 Iraqi dinars for every 1 US dollar…Over time the 12/1 rule has been revised several times…1160…in 2003…1170…in 2006…It looks to me like they’re trying to say the exchange rate will change in the beginning of 2026.
1-2-2024 Newshound Guru Pimpy What is that exchange rate? 12 Iraqi dinars for every $1.00. I think I have 4 million dinars. Divide by 12…that means I have $333,5000. That’s what I get when I change in my Iraqi dinar 12 to 1…Take the number of dinars you have, divide by 12 and that’s what you will get back. According to this article that’s not going to happen until 2026. Could something happen to expedite that? Of course it could. But they’re saying here 2026 is when they expect to review whether or not they change it to the 12/1 rule. My view is this is their wall.
1-2-2024 Intel Guru Frank26 The monetary reform is successful. All they need to do now is give them the new exchange rate and the new currency that they’ve been talking to them about. It’s successful. That’s why everybody’s signing contracts left and right and pouring into Iraq…You honestly think the contracts are being signed at a program rate? Of course not…
1-2-2024 Intel Guru RayRen98 3-LETTER GUYS ARE INFORMING THAT THE “ISSUE” STOPPING THE RV HAS BEEN RESOLVED…
1-2-2024 Intel Guru yada The removal of the dollar will increase the value of the dinar from the reissued rate and none of the international contracts would be worth anything if the rate was not adjusted. We are in the midst of seeing that now… Understanding where Iraq came from, what they had to do go get back to international standard, and watching it come to pass as needed is key to confidence we are about see it transpire.
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