Iraqi Dinar Guru opinions 1-24-2024
Iraqi Dinar Guru opinions 1-24-2024
1-24-2024 Newshound Guru Militia Man The fact remains Iraq is filthy with wealth. They’re filthy with their revenue streams. They’re going to be filthy with employment. They’re going to be doing a massive amount of stuff. When I say, ‘radical’, it’s true. Is there going to be a radical change…in their currency? I believe so…When I talk about radical changes, they’re happening.
1-24-2024 Intel Guru Frank26 It was a paradigm shift is what happened in Davos…INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT = VALUE ADDED TO THE IQD BASKET!
1-24-2024 Newshound/Intel Guru Mnt Goat On the sidelines of the Davos Forum…held in Switzerland last week, Iraqi Prime Minister Al-Sudani and his accompanying delegation, and Ali Al-Alaq, Governor of the Central Bank, continued to hold meetings, understandings, and negotiations with the World Bank, the International Monetary Fund, the President of the European Bank for
Reconstruction, the American bank, J.P. Morgan, and international financial institutions, with the aim of accelerating the procedures that… and I quote – “It is implemented by the government in cooperation with the Central Bank towards achieving financial and banking reform”. … It is all VERY GOOD news for us investors.
1-23-2024 Intel Guru Frank26 Question: “Does it RI once it goes international?” That’s the reason why it would go international because it would be a rate change, it would be equivalent to a reinstatement to the value of the currency.
1-23-2024 Intel Guru MarkZ [via PDK] Question: Is tomorrow the big day? MarkZ: We will see soon.
1-23-2024 Newshound Guru Pimpy What is going International? Because their currency is already International. Iraq is international. Did you forget they’re on sanctions? …They’re not on the Swift system…That’s a biggie. If they get their crap together and get back on the Swift system that would make a world of difference with the exchange rate because then they could start doing business again internationally.
1-23-2024 Newshound Guru Militia Man Everybody’s coming together. Everybody’s trying to get this country to go. The development Road Projects… cities, industrial cities, agriculture, tourism, all of those things are happening before our eyes and we’re watching and waiting to see when they give us that big announcement Saleh told us the country was about to do.
1-23-2024 Intel Guru MarkZ [via PDK] There is an enormous piece of news…Somewhere in the last 48 hours appearing on the website of the Bank of International Settlements (BIS). “Central Bank and Monetary Authority Websites” …In Iraq they have made it to the BIS website now as a “Central Bank” I believe this is an enormous sign that we are about to see a “boom“ in the World Trade Organization. To me this is a big one.
1-23-2024 Newshound Guru Paulette Community Comment: “IMO- CBI official rate 1310. 1 USD ~ 1310 IQD = 0.000763. Drop the three zeros. 1 USD ~ IQD 0.763 = 1.310″ I don’t believe .76 USD for one IQD (1.31 IQD/1USD) would be adequate for the Iraqis to want to abandon the more valuable USD…The MOP/MOI study all the way back in 2009 stated 1.14 – 1.18 USD to 1 IQD to start for 3 years prior to reinstating the true value of 3.22 USD per 1 IQD.
1-23-2024 Newshound Guru Fnu Lnu Article: “The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency.” Quote: “The decision came after officials from the Central Bank of Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai.” As of last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar. It appears the UST is helping Iraq to stabilize. The Dubai meetings concluded with praise for the bank’s strategies in reducing dollar transactions in the local market. Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt. So why haven’t they? Are they stalling for some reason?
1-23-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They’re saying it’s a shorter time expected now to complete the reforms. FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms…What happened at Davos put the monetary reform on light speed.
1-23-2024 Newshound Guru Clare Article: “Dollar prices decline in Baghdad and Erbil with the closure”
1-23-2024 Intel Guru MarkZ [via PDK] Comment: I believe the Iraqi dinar has to come back where it went out at. $3.22. And the VND has to come back to $2.27. According to the IMF? MarkZ: If you correct the VND back to its old value it would be about $2.21 to $2.30…depending how they adjust for inflation…but, yeah. This is why I believe certain values will make more sense. These follow historic norms for revaluations.
1-23-2024 Newshound Guru Pimpy When people say they have to be article VIII compliant, they have to delete the 3-zeros, they make it sound like it’s a mandate. They don’t have to delete the 3-zeros. It’s idealistic if they do but they don’t have to delete the 3-zeros…No where does it say it’s mandated.
1-23-2024 Newshound Guru Militia Man Big push…They are finishing the reforms…But one of the things they need…is an international currency exchange rate. They haven’t started pumping oil to the Cyan Port yet, why? Because they haven’t had a customs valuation yet. Why haven’t they gone to the WTO just yet? Because the WTO is going to need what? Valuation. What did they say they were going to bring in the short term? The customs valuation with the WTO…They need big movements. They’re going to need a Real Effective Exchange Rate. 1310 is radically different than what I believe a Real Effective Exchange Rate is.
1-23-2024 Intel Guru Frank26 It’s complex, the monetary reform. There are many facets to it. There’ are many things happening. There are many levers and buttons being pushed and moved. The beauty of it is these things are actually occurring…I don’t know when they’re going to release the new exchange rate…All I know is that they are…
1-23-2024 Intel Guru MarkZ [via PDK] Question: Can you clarify who has the authority and final say on the RV of the Iraqi Dinar? MarkZ: It is the US Treasury. But the UST is controlled by the western banking world elites…. That’s who has been stalling it. Iraq and BRICS has been doing everything to force them into a corner where they have no choice but to go. That is what we have been watching. It would have gone years ago if it wasn’t for the western banking world. Here in the US – the western banking elites representatives is the US Treasury… IMO they are doing everything right to force the US treasuries hand. Iraq told us in Dec. they would totally de-dollarize after Jan 1….
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