Iraqi Dinar Guru opinions 10-1-2024
Iraqi Dinar Guru opinions 10-1-2024
10-1-2024 Newshound Guru Sandy Ingram Tensions are soaring in Iraq following the reported death of Hezbollah leader Hassan Nasrallah…Thousands of angry Iraqi demonstrators converged on the US embassy in Baghdad, where they attempted to storm the compound, clashing with security forces armed in riot gear…Their fury has added to the growing unrest in Baghdad, where the situation has become increasingly volatile. In response to the escalating crisis, security measures have been significantly ramped up in the city’s fortified Green Zone, but protests continue to intensify as anger spreads. The situation remains fluid with heightened fears of further violence.
10-1-2024 Intel Guru Frank26 They say that they wanted this monetary reform to be done at the beginning of the year, remember? Unfortunately no, they weren’t ready. But they sure are ready now.
10-1-2024 Newshound/Intel Guru Mnt Goat “CENTRAL BANK GOVERNOR ANNOUNCES SUCCESS OF DIGITAL TRANSFORMATION PLAN IN IRAQ” …the CBI has told us just recently that Electronic Banking is an important step in the currency reform and banking process…WOW! WOW! WOW! I do not think he is saying final success only that there is good success so far…we were told the goal is about 80% of the working citizens. Quote: “it clearly indicates the success of the digital transformation and electronic payment plan, and the percentage rose from 20 percent a few years ago to 48.5 percent”
10-1-2024 Intel Guru MarkZ [via PDK] “KDP Mortgage census to apply article 140 to return displaced Kurds” This is really big and one of the things we were expecting…
9-30-2024 Intel Guru Frank26 IT REALLY DOESN’T MATTER WHAT THE ARTICLES SAY CONCERNING POSITIVE VERSUS NEGATIVE. WHAT IS EXTREMELY IMPORTANT IS THAT THEY ARE TALKING ABOUT THE LIFTING OF THE EXCHANGE RATE THAT IS THE POINT THAT IS THE KEY WHETHER IT BE FOR OR AGAINST IT THEY ARE TALKING ABOUT IT BECAUSE IT IS REAL!
9-30-2024 Newshound Guru Clare Article: “Al-Sudani postpones his visit to the United Kingdom due to regional and international developments”
9-30-2024 Newshound Guru Militia Man Article quote “Central Bank seeks to withdraw excess liquidity” When the central bank of Iraq is removing excess liquidity, that’s taking in dinar, what does that do? Enhances the value of the currency – Supply and Demand. Reduce the note count, the value goes up…That’s the way it’s always worked and it always will IMO.
9-30-2024 Newshound Guru Pimpy Article: “Iraqi authorities close Green Zone gate amid Shiite protests over Nasrallah’s assassination” Things are so bad Iraq has now had to close the green zone. We haven’t heard about them closing the green zone in at least two-three years. They’ve been open that long.
9-30-2024 Newshound Guru Harlequinc3 [Response to Guru Clare’s Article post below] This guy’s only got 1/2 the picture…CBI won’t just remove 3 0s without adjusting the nominal exchange rate and then adding purchasing power to the dinar — a rate change to you and me, we might call it an RV, though their end game is reinstatement…This guy is just referring to swapping out currency for Iraqis only. He’s not taking into account what happens to the dinar internationally…To an Iraqi, removing 3 0’s is just taking old dinar out of circulation and replacing it with smaller bills/digital payments. That’s why this guy is talking about a partial peg. The CBI is talking about a pure float. He’s only looking at half the process. This article is addressed to Iraqis only. IMO of course.
9-30-2024 Intel Guru Frank26 They’re giving them a date of when they’re going to stop the auctions, the window. Now they tell them we’re lifting three zeros, you’re getting purchasing power. They tell them you’re getting the HCL. Then they go a step further and they said our currency is going to be stronger than the Jordanian dinar…It’s going to be more than Jordan’s currency…I believe they’re going to reach the REER through the float at around $4.25…
9-30-2024 Intel Guru MarkZ [via PDK] On the banking side – we are seeing a lot of rates over the weekend. Everything from… .00076…I know of 3 different banks whose foreign currency trackers show $3.57 over the weekend again. We cannot exchange it yet but it certainly appears to be headed that direction.
9-30-2024 Newshound Guru Clare Article: “What would happen to the Iraqi dinar if the zeros were removed? Comment by Dr. Mahmoud Dagher” Quote: “Economist Mahmoud Dagher pointed out that deleting zeros will not change…the purchasing power of the dinar…Instead of carrying a bundle of 50,000 dinar notes, it will be possible to compress them into a smaller number of notes after removing the zeros, and this will not change their purchasing power. The amount of money on offer…is equal to 105 trillion dinars, and after removing the zeros, the amount will be 105 billion dinars, which is exactly the same amount, and the exchange rate will change from 1320 dinars per dollar to 132 dinars per dollar.”
9-30-2024 Newshound Guru Militia Man In the last week or so…there’s probably five or six articles specifically talking about removing zeros from the Iraqi dinar… Quote: “…this is done by removing a specific number of zeros from the nominal value of the currency.” From the value of the currency not the currency notes but the value of the currency…
9-30-2024 Intel Guru Frank26 They tell you [Iraqi citizens] there is an imminent change coming to your currency almost every day now. That is very exciting. These are the words we’ve only dreamed about in the last 5 years. To see them almost every day is rather shocking but very exciting right now…This is getting crazier and crazier every day with so much excitement and so much information about the monetary reform being sent directly pinpointed to you Iraqi citizens from Sudani.
9-30-2024 Newshound Guru Pimpy Article: “Thousands of protesters trying to storm US embassy is Baghdad after Nasrallah killing” Iraqi protesters are trying to storm the US Embassy in Baghdad…How does that affect Iraqi dinar holders? The last thing you need is for there to be an unstable country with protesters tying to storm the US Embassy…
9-30-2024 Newshound Guru Kaperoni Community Comment: “The US Embassy in Iraq is under siege I’m old enough to remember the last time a middle eastern embassy was under siege with a weak president…I hope this ends better…Pray for US personnel in Iraq” Not good.
9-30-2024 Intel Guru Bruce [via WiserNow] …we are hearing…coming from Iraq, that they will have their smaller denominations ready to go…I don’t think they have ones, but five – 10’s, 20s, 50s, and 100’s that’s their new currency…the three zero notes from Iraq that we have…the 25,000 or 25k notes? …the 10k, the 5k, the 1k – all of those 3 zero notes have been removed from Iraq…that should be done by the 30th this month, the last day of this month.
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