Iraqi Dinar Guru opinions 7-8-2024

Iraqi Dinar Guru opinions 7-8-2024

7-8-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Parliament demands, they are demanding on television that they want full control of the parallel market…and to prosecute the ones that are manipulating the dollar rate. What a joke. It’s half of parliament who are the crooks that are doing this…They are the ones causing this mess. FRANK: They want to stop it because they know what Sudani has done already with the monetary reform of your currency because it’s no secret and somewhere around the 14th we may see another move by Sudani…Parliament wants to be a pain and delay and cause problems, don’t pay attention…

7-8-2024 Newshound/Intel Guru Mnt Goat …everything is set to move ahead with the process of currency reform. We are just waiting. We know that the next step must be taken to move ahead and that is to revalue in-country only first just slightly over a dollar, then conduct the Project to Delete the Zeros as the currency swap out takes place. The CBI told us then they plan to monitor for a short time for inflation and then move to reinstate the dinar back to FOREX and when doing so the IMF plans to place the dinar in a new peg as in a basket of currencies and float it. …this should have already been accomplished in June and is late. It is failure on the part of the US because the US is still stalling it.

7-8-2024 Intel Guru MarkZ [via PDK] “Unfolding structural economic transformation in Iraq” This article…is talking about Iraq’s successes – especially in the digital banking world …and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate.

7-7-2024 Intel Guru Frank26 IMO this is an RI. They will reinstate that rate. I thought they would reach it at a cap but now they’re talking about coming out right away with a fixed rate and that fixed rate might be $3.22 and then the float. That float should be very very small, very very quick because IMO it’s going to reach the cap, boom! Very quickly.

7-7-2024 Newshound Guru Pimpy Community comment: “July 18th is the next meeting [between WTO and Iraq], they need to RV before then” No they don’t have to RV. People keep associating the RV with the accession into the World Trade Organization…The World Trade Organization doesn’t deal with the exchange rate. They deal with the regulation and transparency of trade between countries. That’s it.

7-7-2024 Newshound Guru Militia Man Iraq has a project to delete the zeros. The delete the zeros hasn’t happened yet… Iraq doesn’t have an international acceptable tradable currency just yet…

7-7-2024 Newshound Guru Samson Article: “Who is the new Iranian president, Masoud Pezeshkian?” Article: “Pezeshkian as Iran’s President”

7-7-2024 Newshound/Intel Guru Walkingstick If they float the dinar it will be in a very tight band. If it’s a low rate, if it’s a dollar then they’ll float and it’ll drive the rate up. But if they come out at an RI, reinstatement of $3.22 and then the float, then they’re going to have some serious very tight bands on the float. It will be monitored very closely. It will only allow it to be a plus or minus of 5%. It cannot go any further than that in the float. For example, don’t let it get past maybe $3.50…They will cap it quickly…

7-7-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
They’re back on TV and they’re talking about the deletion of the 3-zeros…It was a segment of old newscast. The lifting of the 3-zeros was supposed to be done in 2011 and then it was supposed to be done in 2013, then 2016. Then they said it was also scheduled in 2017 and they talked about the lower notes and why they are going to be giving us these lower notes…It was a rebroadcast of old news story. FRANK: …All of this is being explained to you right now because you are so close to receiving this blessing that Sudani promised.

7-7-2024 Newshound Guru Sandy Ingram The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.

7-7-2024 Newshound Guru Pimpy Article quote: “In the face of the strength of the official central exchange market the exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in the stability of the general level of prices…due to the impact of the current dominant official exchange rate factor on the financing of foreign trade imports of 1300 per dollar.” You guys aren’t going to like this but what this guy is saying is they’re very comfortable with the current exchange rate because it’s very strong. It doesn’t sound too much like they want to change it anytime soon.

7-7-2024 Newshound Guru Militia Man Article: “Prime Minister’s Advisor: Iraq in the process of paying off long-term development loans to the World Bank” It looks like Iraq’s financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it. Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.

7-7-2024 Intel Guru Frank26 Question: “Do you think they’re letting the dinar float into its cap before they release the new rate?” No. You have to release the rate first. Once the rate is released internationally then it can be acquired by the international community. It’ll be used in banks…Once the dinar is out there officially in the international market the friction that the Iraqi dinar is going to cause in the financial market will only cause it to get bigger and bigger and bigger in its value/rate internationally. Inside Iraq it doesn’t affect it – a dinar is a dinar. The rate inside does not move, only the rate outside.

7-7-2024 Intel Guru MarkZ [via PDK] … More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the 12th-15th. Noone knows the exact timing but they are certainly preparing lots of bank contacts for that time period , so I think it may speak well to where we may be on that.

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