Iraqi Dinar Guru opinions 2-12-2023

Iraqi Dinar Guru opinions 2-12-2023

2-12-2023 Newshound Guru Militia Man [Yesterday] We learned the governor of the central bank and others were actually there [Washington DC and New York] which we didn’t really know…the full delegation showed up to the United States of America in respect to monetary reforms. That’s ongoing as we speak…we do know there’s other things happening in the background when it comes to banking.

2-12-2023 Newshound Guru Clare Article: “It continued for many hours.. The Iraqi Central Bank reveals the details of its meeting with the Federal Reserve and the US Treasury”. Quote: “The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate.”

2-12-2023 Intel Guru MarkZ [via PDK] In Iraq: “The Governor of the CBI met with Daniel Zemeko from JP Morgan on the sidelines during his visit to Washington“ JP Morgan is helping settle all their electronic processing for their banking sector…. There is no way these heavy hitting corporations are going into a country without a real exchange rate…there are billions of dollars of infrastructure and deals being made. They do not fit with a third world country currency.

2-11-2023 Newshound Guru Pimpy Everybody’s like, ‘Hey, Pimpy what do you think the rate’s going to be…?’ I was thinking they would go back to the original rate which was 1190 dinars for every dollar. I knew they were gonna go for increments. It makes sense. You don’t want to do anything to damage your economy…How you protect your economy is to do these in small increments like I was talking about before in the past. That was my prediction that it would be around 1,000 or 1190 dinars for every dollar. I was slightly off but not by much.

2-11-2023 Newshound Guru Paulette After listening to the last couple bank stories…it appears to me that some banks may actually charge a fee to purchase foreign currency in addition to any “spread”…Based on my personal experience as long as you are purchasing/selling a certain volume most banks do not charge a “FEE”. At least those I deal with…Therefore, I don’t think any of us will be charged a “Fee” at most banks as hopefully our volume will far exceed their requirements even if exchanging a relative minimal amount.

2-11-2023 Newshound Guru Paulette What we all need to find is the best rate. For example, let’s say bank A rate is 1.00 USD to 1 IQD and across the street, Bank B rate is 1.01 USD to 1 IQD. This wouldn’t seem like much of a difference right? The reality is that it is $10,000 difference if exchanging 1 Million IQD. What about if Bank C is at 1.015 ($15,000 difference) or, Bank D is 1.02($20.000 difference) or even Bank E at 1.02550(25,500 difference)? To me, these are significant amounts…Shop Rate!

2-11-2023 Newshound Guru Henig Article: “Washington meetings. Meeting between the Governor of the Central Bank and the Director of the IMF” Quote: “the International Monetary Fund continues to provide technical support to the Central Bank of Iraq in various fields.”

2-11-2023 Newshound/Intel Guru Walkingstick [via Frank26] The Iraqi Stock Exchange and the Erbil Stock Exchange as of the 28th of January are all linked and in position ready for the float. It’s just not live yet. The Iraqi Stock Exchange and the Erbil Stock Exchange will be going live internationally the moment the new exchange rate is released. All the platforms are now linked.

2-11-2023 Intel Guru Frank26 It’s going in the right direction. 1300 to 1? It ain’t got nothing on 100 to 1. Got nothing on 1 to 1. And that is the goal because they need to reach the REER in an International float.

2-11-2023 Newshound Guru Clare Article: “The Governor of the Central Bank of Iraq meets with the Vice Chairman of the Board of Directors of JPMorgan Bank” Quote: “During the meeting, it was agreed that JP Morgan would facilitate payments from the Iraqi banking system to the People’s Republic of China to finance private sector imports directly…CBI is committed to applying international standards in anti-money laundering and countering the financing of terrorism (AML/CFT) measures, Al-Allaq said”

2-11-2023 Intel Guru MarkZ [via PDK] Still getting many, many rumors and confirmations of fluctuating bank screens. Banking contacts are on call this weekend but I don’t think they will be called in but I guess its still a possibility. Its still a “any moment “ thing imo….but, most of them are looking at early this week.

2-11-2023 Newshound Guru Pimpy There’s a couple things people got to understand. You have the official exchange rate …and the market exchange rate…We know recently the Iraqi dinar exchange rate changed to 1300…Right now the market is showing…1459 dinars for every dollar…Obviously you don’t want that gap to get too big because then you start encouraging people to buy on the black market. If I take $100 to the bank and they officially do the exchange of 1300 dinars for every dollar verse me going to the…black market and I got somebody who’s willing to give me 1700 dinars for every dollar obviously I’m gonna go where I could get the most money…

2-11-2023 Newshound Guru Militia Man It really looks like things we’re seeing are unfolding quickly and intense…fast and furious. Meetings in Istanbul…those were successful. Done. Then they were going to come into New York and to Washington DC…from about the 7th up until the 10th they all showed up…that’s really powerful that the delegation wasn’t only the second string it was the first string. Everybody was there. They were talking about exchange rate issues.

2-11-2023 Newshound/Intel Guru Mnt Goat …we don’t yet have the RV we want but remember the 2023 budget is not yet passed or opened and so there is still a very good chance that the CBI may still make this move to reinstate the dinar. It is still very possible and very likely.

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