Iraqi Dinar Guru opinions 1-2-2023
Iraqi Dinar Guru opinions 1-2-2023
1-2-2023 Newshound Guru Clare Article: “What is meant by currency float? What are its advantages and disadvantages?” Quote: “There are millions of traders around the world buying and selling currencies…The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase…”
1-2-2023 Guest Guru yada …The mechanism is in place in and outside of Iraq. The dinar is not pegged to the dollar and for the past 15 days or so, it has been adjusting to home in on pairing with the other currencies in the basket. The people will have to use dinar to make their exchanges on their apps and the rest of the world will be using dinar for their contracts. No more having to convert to dollar to buy/sell, straight dinar/dong, dinar/yuan, dinar/pound, dinar with any other contract they’ve established.
1-1-2023 Intel Guru Frank26 Question: “Would $3.44 be where the float starts or would that be where it’s capped?” That would be the capping. That would be the Real Effective Exchange Rate…you don’t want it to go to far past the other middle eastern countries…Question: “So the maximum rate will be $3.44 when we should ‘fold’m’? Don’t put me in that position. I can’t tell you when to hold’m and when to fold’m…
1-1-2023 Newshound Guru Pimpy I can see there’s a whole new wave of new people coming into the investment of the Iraqi dinar. I can tell whenever there’s a new wave because I get asked the same questions and when I give the answers and they don’t like it it’s because they’ve heard some rumors or heard somebody else’s narrative and mine did not line up…everybody’s swearing up and down that the Iraqi dinar is going to revalue to $3.22…that’s not going to happen.
1-1-2023 Newshound Guru Militia Man The Ministerial Council of Economies is a new group that has been activated to support Iraq in the process of economic and monetary reforms in the last phase that they are in now…This is a new ministry…it is nothing but phenomenal for the Iraqi citizens and us by extension.
1-1-2023 Guest Guru yada There was an article about a week ago, basically stating, “the rise in the exchange rate is a temporary situation that came after internal and external effects of applying international standards.” Application of the international standards is the set up for the float to be released internationally. We were told the beginning of December to expect a good Christmas, meaning rate change but this process didn’t get started until the 24th. We are seeing this come to us like a freight train with the float first.
1-1-2023 Newshound/Intel Guru Walkingstick [via Frank26] The Iraqi dinar has not gone up in value for many decades because it was not being respected with its exchange rate. It could very well jump into the Middle East basket at 1460 but that is not the CBI’s goal. The goal is to de-dollarize and that is the uncertainty/unknown of these positions of the monetary reform right now. Where are they in the budget? Where are they in the exchange rate? Where are they with the new small category notes? Will the Iraqi dinar go into the basket at a program rate or at least at a 1 to 1 rate with the American dollar?
1-1-2023 Newshound Guru Clare Article: “After a rapid collapse of the Iranian currency.. the resignation of the head of the Central Bank of Iran” Quote: “Days after the historic collapse of the Iranian currency in the markets, the head of the Central Bank of Iran, Ali Saleh Abadi, resigned from his post…”
1-1-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Late January Iraqi citizens have been told they will be able to buy US stocks or any other stock in the world in our market. This screams some type of international. FRANK: That is correct. You will be able to buy currency outside your borders because the international world will be able to buy your currency outside of your borders also. And as it travels outside in a float it will gain value, security and stability. I pray to God they take it up to at least $3.22 maybe even as high as $4.25 but it’s up to the agreements they made with Kuwait and the IMF.
1-1-2023 Newshound Guru Pimpy As in 2022 I would say about 2023…Al-Kazemi got Iraq back on track with reform papers despite all the obstacles and the lack of support. Al-Sudani appears to have the support necessary to continue these reforms. That’s what we hope happens. We’re going to find out just how much corruption is involved with Al-Sudani here very shortly and we’re going to find out if all of a sudden Sadr jumps back on the scene and starts making waves and we go through another wave of protests which is not what we want…My guess is we’re going to see a real clear picture about everything the first 3 months going into 2023…
1-1-2023 Intel Guru MarkZ [via PDK] More news in Iraq that they are stabilizing. “Central Bank continues measures to control the dollar exchange rate” I find it interesting they are issuing a dollar card worth $10,000 dollars …in other words they are not going to charge any spread if you turn in your dinar for a prepaid debit card. Why is this important? It will allow them to take advantage of this manipulated exchange crisis and get more dinar off the street over the next day or two…I think this is their last “hail Mary” to restrict the supply of dinar…just my thoughts.