Iraqi Dinar Guru opinions 1-6-2024

Iraqi Dinar Guru opinions 1-6-2024

1-6-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate. FRANK: I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January.

1-6-2024 Newshound/Intel Guru Mnt Goat The CBI is still closely monitoring the parallel rate…the parallel rate is expected to decline sometime in early January and at least match the CBI “official” rate. At that time the CBI will revalue the “official” rate to much closer to if not at 1000. Then again drive the parallel market to match it. This may take some time but I am being told they are talking weeks and not months… my CBI contact tells me we are almost here now and with the opening and spending of the 2024 budget and currency swaps with other neighboring countries for trade, it should finally break the parallel market and end it.

1-6-2024 Intel Guru MarkZ [via PDK] There are some very key meetings going on around the world on Iraq…Around the 12th through the 19th…. The banking side keeps telling me to relax because its done…and we should be able to see it soon. Problem is I don’t know what “soon” means anymore.

1-5-2024 Intel Guru Frank26 Article: “Dollar exchange rates in local markets recorded a decline today…this list” The dollar exchange rate is dropping like an anvil in the middle of the pacific ocean.

1-5-2024 Newshound Guru Pimpy Article: “Central Bank: Non-oil deficit more than 80% and threatens the state’s financial situation” Threatens…? This is why it’s so important for the non oil sector to get developed and get rocking and rolling so they’re not just relying on oil.

1-5-2024 Intel Guru Bruce [via WiserNow] Now, the bank screens…are going solid rates on front and back screens and are showing on our redemption center screens – on the back screen, solid – but the front screens are still flashing … Now, what’s interesting about that is that the theory is that when those front screens stop blinking and go solid on these rates, that it would be “go time” – that we would get the green light. So I have a feeling they’ll be blinking up until the Treasury says go…

1-5-2024 Intel Guru MarkZ Article quote: “Today Friday the Central Bank of Iraq revealed measures and decisions to support the Dinar…And maintain its strength against other measures and currencies that will possibly affect the exchange rate…” It makes sense to me that they are forcing Iraq citizens out of the US dollars and using the dinar before they revalue…then you have all them benefit from the revaluation. Plus its part of de-dollarization in general and strengthens the dinar. To me this story is absolutely enormous.

1-5-2024 Newshound Guru Kaperoni If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq’s own economy and an increase in GDP.

1-5-2024 Newshound Guru Sandy Ingram What would it take for the Iraqi dinar to strengthen against the US dollar? The answer lies in economic development and stability. The Development road project…aims to boost Iraq’s GDP by improving infrastructure, fostering foreign investment and stimulating economic growth…With the right steps and sustained growth the dinar’s narrative can only get stronger.

1-5-2023 Newshound Guru Militia Man The dollar exchange rate will stabilize with the broader launch of the budget…

1-5-2023 Intel/Newshound Gurus MarkZ & Militia Man MarkZ: There is no future for them without an improved exchange rate… Militia Man: If they have a REER (Real Effective Exchange Rate) based on true values…from oil, natural gas, borders, tourism, taxes and tariffs…it’s going to be phenomenal…and that is what they are working on. I think everyone should be excited as we are watching it unfold. We should all have confidence that what we are invested in is coming to fruition. That is my belief…everything is very positive.

1-5-2024 Intel Guru Frank26 We are in the waiting phase. Simply in a waiting phase. That’s all. There isn’t, this needs to be done, that needs to be done, That T crossed, That I dotted. No. We are in a waiting phase.

1-5-2024 Newshound/Intel Guru Walkingstick All systems for the monetary reform are in place, they’re just not linked yet. The uplink is not on yet…Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before ’24…What they’re doing right now is they’re telling the citizens what they need to hear for the next step of the monetary reform…Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how – through a float. Citizens want this movement to occur now. Citizens want their purchasing power.

1-5-2024 Newshound Guru Pimpy 12 to 1 exchange rate. Nobody was speaking about it. I showed an article, their article, not my article, their article saying they were considering the 12 to 1 exchange rate but they would not consider it until…2026. I didn’t make it up. I’m just pointing this out in an article…I believe they are going to go up in increments between now and 2026. That’s just my opinion.

1-5-2024 Intel Guru Bruce [via WiserNow] …Iraq has already been doing exchanges at their new rate in the country of Iraq. They were told that on the first…of January, the USD or Fiat dollar is dead. It is no longer usable – it’s gone – they want them to completely transition to the new lower denominations of the Iraqi dinar and those are in the ATMs. They’re in banks and in shops in Iraq. They’re in the businesses and shops.

1-5-2024 Intel Guru MarkZ [via PDK] Question: We keep hearing that Iraq cannot base the RV on just oil. Other than oil…what did Iraq export under Saddam when the dinar was $ 3.48? MarkZ: Their economy is far more diversified and robust then it was back then when their dinar value was the highest in the world. They used to burn off their natural gas and now it’s a huge commodity. Plus their rare and precious minerals in the ground. And their tourist industry visiting all the historic sites. They are located between some of the largest rivers in the region and used to be the breadbasket of the region. They have far more going for them now then they did when their currency was exponentially higher.

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