Iraqi Dinar Guru opinions 1-20-2024
Iraqi Dinar Guru opinions 1-20-2024
1-20-2024 Newshound/Intel Guru Mnt Goat So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency? Why do I say “now is the time”? We know they are completely out of Chapter VII sanctions since December 2022…We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody…We know they have plans for yet more Sovereign Funds to invest their reserves. We know they are making agreements now for “currency swaps” for trade…as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024. We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD. More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
1-20-2024 Newshound/Intel Guru Mnt Goat We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry? We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there… Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back? We know Iraq now pumps 2/3 more oil than in pre-1991 era. Iraq also has announced 132+ tons of GOLD reserves. We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why? We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
1-20-2024 Newshound/Intel Guru Mnt Goat Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes). Imminent World Trade Organization full accession. Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.
1-20-2024 Intel Guru MarkZ [via PDK] Comment: Vietnam is sitting really pretty in their economy. They are main processors of silver! And get this, Cinnamon! MarkZ: News from Vietnam: “Vietnam treads the path to becoming an International Financial Hub” There is a lot of pressure from countries around the world for Vietnam to move their currency value up. Great things happening there.
1-20-2024 Intel Guru Frank26 [Hypothetical conversation with the CBI] The next phase is to put our currency [dinar] in a basket. We have control of it do we not? It’s all the way down to 1310/1320 so close to 1200 or 1000. We have control of the auctions have we not? Yes. We have control over our reserves have we not? Yes. You have it all…These other currencies don’t mind going in a basket with you? No. They know by going into that basket supply and demand will be called upon for everyone in the basket…Iraq is the prettiest girl in town.
1-19-2024 Intel Guru Frank26 Question: “Do you think Iraq will depose current currency once revalued?” Once they revalue of course they’re going to get rid of the currency…the 3-zero notes. They will introduce the lower denominations and the fils to the citizens. But it needs a different exchange rate that would match it to give it value. The exchange rate right now is so low there is no value…
1-19-2024 Newshound Guru Militia Man They’re taking the public and the private sector and they’re merging them together so they can move this into a full-blown market economy…
1-19-2024 Intel Guru MarkZ [via PDK] Question: Any word on any Whales being paid or on any NDA’s? MarkZ: I am hearing a ton about it but have not been able to verify anything. I have talked to a number of them and they have great expectations and are expecting payments very soon. They have been told they will have a “iron clad NDA” …I think that is their way of saying “when I can’t say anything” that this means they have funds and NDA’s signed. But, they are still talking right now. …these are the facts I have from people involved.
1-19-2024 Intel Guru Bruce [via WiserNow] …we heard from…one of our contact in Iraq…that not only do we have an international rate and an in country rate – which are different – for Iraq – but we also have Iraq trading that rate on the Iraqi dinar internationally…about when markets close …Friday…banks close around six o’clock – somewhere in that timeframe the Iraqi dinar – the new Iraqi dinar rate will be trading internationally – and that we should see it here…in the US…Now we know where the dinar closed [Thursday] we know where it was a couple of days ago on Tuesday and it’s still really strong …trading range way above the international rates and way above the in country rate for Iraq…One of our very strongest highest banks and sources is saying that we will have our notifications by or before Saturday – this coming Saturday…I think we’re we’re almost home.
1-19-2024 Newshound Guru Paulette The CBI has clearly stated to the Citizens that they should not fear the implementation of the Delete the Zeros Project as they plan to do it in a manner to minimize confusion and the 3 zero series currency will co-exist for a period of 2 years in the marketplace and up to ten years through the Banks.
1-19-2024 Newshound Guru Fnu Lnu A “small increase” will do nothing to jump-start their economy. They need big bucks in a hurry as they must import almost everything at this point but soon will be a powerhouse in the middle east.
1-19-2024 Newshound Guru Pimpy IMO they’ll go up in increments. One of the things Iraq needs to really start working on is non oil revenue…A lot of [construction] projects started in 2023, a huge chunk of them start in 2024. The deadlines are between the end of this year stretching out all the way to 2028 with the bulk of them having a deadline of 2025. This is a lot of job opportunities. This is a lot of infrastructure being done. This is a huge change in Iraq. All of this strengthens their economy and…strengthen the use of the Iraq dinar…This is not small by any stretch of the imagination…When Sudani said 2024 was going to be the time Iraq was going to change, this is what he’s talking about. This is huge…This is what I’m focused on. There are hundreds and hundreds and hundreds of projects starting in Iraq…
1-19-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: House of Representatives is talking today about what is needed in the final steps of the WTO. We are part of it now. They’ve told us this. Iraq can perform global trades. They’re talking about this how it’s needed for our monetary reform.
1-19-2024 Newshound Guru Militia Man Article: “The International Monetary Fund welcomes Iraq’s accession to a program that supports economic reforms” Quote: “Thursday…the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms” After decades of involvement…the specificity of many things are likely to be known by the IMF,
exchange rate regimes be sure. For Iraq to be moving forward with all reforms …in that there is no financing needed should be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn’t.
1-19-2024 Intel Guru MarkZ [via PDK] “Iraq won the position of Director General of the Arab World Institute in Paris” This means they are on the world stage. What is going to be necessary for this? Full membership in the WTO and a new rate. That would make sense. Yesterday was a great news day from Iraq where they are openly talking about changing their value and a rate competing with the US dollar.
1-19-2024 Newshound Guru Clare Article: “Al-Sudani concludes his visit to Switzerland and returns to Baghdad” Quote: “meetings were also held on its sidelines, which are the following: ■ Meeting with French President Emmanuel Macron ■ President of the Swiss Confederation, Viola Amherd ■ Secretary-General of the United Nations, António Guterres ■ Secretary General of the North Atlantic Treaty Organization (NATO) ■ US National Security Advisor ■ President of the World Bank Group ■ Director General of the International Monetary Fund ■ President of the European Commission ■ President of the European Bank for Reconstruction and Development (EBRD) ■ Saudi Ministers of Trade and Investment ■ International Finance Corporation (IFC). ■ regional CEO of JPMorgan ■ Secretary-General of the Organization for Digital Cooperation ■ President of HKN Energy Oil Company ■ 57 international companies specialized in oil, energy, and other economic fields ■ Interview with Bloomberg website ■ Interview with the Wall Street Journal
1-19-2024 Intel Guru Bruce [via WiserNow] The Dong is also going to be at a really good rate way higher than we thought in the old days, way higher and where they do not have a contract rate on the Dong – And never have – we understand, they will offer us a very substantial higher rate.
1-19-2024 Intel Guru Frank26 IMO those of you that deal in commodities…you saw 1.68…on the 15th. Today you saw 3.04 on the commodity trades with the Iraqi dinar and you saw it being done in Iraqi dinars, no other foreign currency …based on what we are seeing, they are agreeing to the future rate of the Iraqi dinar in commodities in dinars. These are contracts…to buy or sell a specific quantity of a physical commodity at a specific price on a particular date. Basically what you saw…IMO are Futures.
1-19-2024 Intel Guru MarkZ [via PDK] “Iraq and the IMF are discussing cooperation and start meetings soon to support a reform program” They would not be having these meetings on Iraq on the world stage unless they were ascending to the WTO and about to have a valuation change. And that is certainly what we are hearing from contractors and government officials inside Iraq. We just don’t know the exact time…but know they are prepared. And they told us via an article…that they are getting ready to peg their currency to a basket of currencies from the region to increase the value of the dinar to compete with the US dollar.
dinarguru.com