Iraqi Dinar Guru opinions 6-18-2024

Iraqi Dinar Guru opinions 6-18-2024

6-18-2024 Newshound Guru Militia Man All we’re looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts – was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don’t. But we know our time is short…Once the amendments are passed into law, we’d like to think that prior to that they’re going to expose the new real effective exchange rate and probably mention they’ve done the project to delete the zeros which get you the nominal effective exchange rate.

6-18-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Oil experts are saying Saudi Arabia did not resign up their agreement to deal oil in US dollars. It was an 80 year agreement…They’re telling us Iraqi citizens on our television this will strengthen the local currency. Basically they’re saying that it is a float of the Iraqi dinar that is helping us get away from the American dollar so the Iraqi currency will be stronger. FRANK: The next step is to float.

6-18-2024 Intel Guru MarkZ [via PDK] Question: Are all currencies going to float? IQD, dong…etc…? MarkZ: I would not look for much of a float because we are supposed to peg to assets…

6-17-2024 Newshound Guru Pimpy An RV and a revaluation is the same thing. People often confuse a reinstatement and a revaluation…they’re two different things…Not only is a revaluation possible but Iraq has done it a few times already …Iraq revalued their currency or I should say in this case devalued the currency, it went from 1,190 dinars, dropped down to 1450 then revalued up to 1,320 dinars. So when people say, ‘Man the Iraqi dinar is never going to revalue.’ I always go, ‘What do you mean? It has revalued a few times already. As a matter of fact, several times over the past two decades.’

6-17-2024 Intel Guru Frank26 Do you think Sudani is going to allow you a large amount of time to watch the dinar grow so that you can profit? How much time will he give you, once he raises the value? …What if he gives you 1 month…two weeks …1 week? It is his prerogative. Put yourself in Sudani’s shoes. What would you do? Would it hurt the monetary reform if he allowed it to grow outside of the border? …Sudani would you pretty please with sugar on top give me plenty of time, maybe 6 months? Sudani, would you consider giving me a year? … Mathematically I don’t think it would hurt Sudani…I only see positiveness from letting it float for a while.

6-17-2024 Intel Guru MarkZ [via PDK] Comment: An intel guru…says Iraq is following Dr Shabibis plan to a T. MarkZ: They are. The plan was to increase the value, put lower denominations in circulation, and put the larger notes we hold in the banks for foreign reserves. Shabibi planned it all out and told us what would happen.

6-17-2024 Newshound/Intel Guru Walkingstick They put these ATM machines out in order to put out the lower notes…These ATM machines will teach the citizens about the lower denoms and it will teach the bank employees about this as well too…There’s going to be a stampede of people that will be rushing into the Iraqi dinars…These ATM machines are now being impregnated…

6-17-2024 Newshound Guru Kaperoni Question: “The redenomination talk keeps popping up; issuing new notes without the three zeros. Which as you have already commented; ‘is a neutral event’ …If Iraq did actually do this, when would make more sense, before or after forex float (or doesn’t matter).” I think they talk about it periodically but I don’t think there’s any chance that they will ever
redenominate. It doesn’t reflect the countries economic success that would come from the actual growth of the currency over time based on success and GDP.

6-17-2024 Newshound Guru Clare Article: “Tracy Jacobson: I will advance American interests and fight militia influence in Iraq” Quote: “Tracy Jacobson, US President Joe Biden’s nominee for the position of US Ambassador to Iraq, gave her opening remarks before the Senate Committee on Foreign Relations.”

6-17-2024 Newshound Guru Pimpy Article: “Iraq is preparing to establish a project that changes the oil map”. Does it affect energy producers? Oh, it’s going to change the map alright! If they can accomplish this, this is really going to be huge…

6-17-2024 Intel Guru MarkZ [via PDK] I do feel comfortable saying it has started…we are seeing movement…My understanding may be a little off as to how they are executing it…It’s been pretty quiet from Iraq sources over the weekend. They seem to finish things first over there and then tell us.

6-17-2024 Intel Guru Frank26 The ATM machines IMO are being loaded up. IMO we have some US military forces protecting these ATM machines that are being loaded with he lower denomination notes that will reflect a new exchange rate…They are distributing them all over. Banks are assigned to fill them up with lower notes. I don’t know if they’re doing it now or if they have done it or they’re in the process of doing it. That’s the phase I believe these ATM machines are in right now.

6-17-2024 Newshound Guru Samson Article: “Early elections in Iraq.. Prime Minister stimulates Al-Maliki’s appetite for a third term”

6-17-2024 Newshound/Intel Guru Walkingstick When they load or if they have loaded them up [new ATMs], the note count has already been determined. The note count for each individual machine has already been accounted for…These machines will be the state of the art…State of the art has nothing to do with a program rate. If it was they would have had the state-or-the-art with the program rate for the last 20 years…The CBI is desperately trying to put out the least amount of currency at the onset before they release the new exchange rate. Because once they do this, if needed, they will be able to add to this note count as the value is needed.

6-17-2024 Newshound/Intel Guru Mnt Goat …the economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, proposed an “unusual” idea to establish a sovereign wealth fund. …Unlike the CBI reserves that are mandated by the IMF to cover the government expenses in time of emergencies, the SWF is more flexible and gives an additional pad of money for stability and security. This fund will also cut down the reliance on oil revenue and help them move more quickly out of the rentier economy. WOW!

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