Iraqi Dinar Guru opinions 2-26-2023

Iraqi Dinar Guru opinions 2-26-2023

2-26-2023 Intel Guru Frank26 Article: “Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs” Quote: “the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by linking the price of the dinar to the dollar immediately and not at fixed prices.” …THIS IS EXPLAINING & TALKING ABOUT THE INTERNATIONAL FLOAT OF THE IQD THAT IS ABOUT TO START.

2-26-2023 Newshound Guru Sandy Ingram Currency Mayhem – IQD from USD to CNY. Article: “Iraq, short on dollars, moves to purchases with Chinese yuan” To compensate for a foreign currency shortage Iraq Central Bank said the country would soon trade with China directly in Yuan…This happened …because the Iraqi Parliament approved a currency revaluation in response to a shortage of U.S. dollars… The Federal Reserve Bank pulled back on U.S. currency in Iraq because it was proven that US dollars were flowing freely into Iran and Syria…

2-26-2023 Newshound Guru Sandy Ingram This is the first time imports from China will be paid for in Yuan. Before now all imports were paid for in U.S. dollars. The Central Bank of Iraq said this move could boost the balances in Iraqi banks that have accounts with Chinese banks. It would also boost local bank balances through the central bank’s U.S. dollar reserve accounts with JP Morgan…It would work something like this. The Iraqi bank would convert U.S. dollars to Yuan and pay invoices in China

2-26-2023 Intel Guru MarkZ [via PDK] Quote: “in order to prevent the movement of cash through borders and ports that exceeds what is specified in instructions from the central bank of 10K in dollars. The Compton security authorities follow up and inspect vehicles that pass borders to prevent smuggling. And take legal actions in coordination with the Central bank while providing the banks with the amounts discovered and their sequence numbers” Why is this important? One of the things we were told that we would see right on the cusp of this change in value was a closing of their financial borders. They have now done this electronically and physically…IMO this is enormous news coming out of Iraq…I am more than a little excited…I am EXTREMELY excited about the news coming out of Iraq.

2-25-2023 Newshound/Intel Guru Mnt Goat …the Central Bank of Iraq launched the second package of reforms. In a remarkable statement, the Central Bank of Iraq announced, a plan to allow trade with China in Chinese yuan instead of dollars, in an apparent attempt to improve access to foreign currency and reduce dependence on the dollar. WOW! …we can see this is good news and also bad news as it may lead to complications if the CBI does not manage it correctly. …Would Iraq sell oil for Yuan? …if Iraq did make this move this would certainly push them even more to reinstate the dinar as an international currency once again but only if the CBI can also control these new currencies. We just have to wait and watch. It won’t be long before we see what happens.

2-25-2023 Newshound Guru Pimpy Question [If they remove the zeros from the currency what will happen to the old currency? Is it only the 25,000 note?] …I’m sure we’ll have time to go ahead and swap our currency out. You just can’t screw over a lot of people who are legitimately holding on to the Iraqi dinar. If it were to happen it [the CBI] would give us a window of opportunity in which to go ahead and make the exchange…

2-25-2023 Intel Guru Frank26 Article “An economist expects a third package from the central bank to reduce the dollar” Quote “…There will be a third package of decisions for the Central Bank to reach the parallel price at the rate of 2%…ratio between the official and commercial price…the decline will face resistance from traders, speculators, importers of goods, and stakeholders.” THE EXTERNAL FLOAT WITH A PLUS OR MINUS OF 2-3%.

2-25-2023 Newshound Guru Breitling It’s black and white. Iraq picked the right guys. They picked us. They’re going to stay with us. They’re not going to go with the BRICS. They’re not going with Asia. They’re not going to go with the EU. They’re going to stay with the biggest massive system in the world where they can get capital. And if they need to raise money through the IMF…they’re going to stay with those guys because Europe doesn’t have any money to lend out. China doesn’t have any money to lend out and if they do lend it out it’s not worth the risk for them…

2-25-2023 Newshound Guru Militia Man It’s been 20 years they’ve had this process going and now they’re finally getting to that change. If we can’t see it now we probably never will but at this stage of the game I’m a believer that they are telling us and they did tell us there’s no going back. This process is underway.

2-25-2023 Intel Guru Frank26 Articles: “Sudanese advisor: Central Bank reserves are subject to guidelines regarding diversification between currencies” DIVERSIFICATION BETWEEN CURRENCIES…BECAUSE THE IQD IS ABOUT TO FLOAT AGAINST MANY FOREIGN CURRENCIES… THIS IS CURRENCY REFORM EDUCATION! …this is explaining the external float to the Iraqi citizens…

2-25-2023 Newshound Guru Pimpy With a strong economy and the gold reserves are up and the foreign currency reserves are up there’s no reason for Iraq not to have a stronger exchange rate once you can start providing more jobs and you start redoing infrastructure but it’s not going to happen overnight. You’re not going to see no presto huge jump in the exchange rate. No. It’s going to go up in increments…

2-25-2023 Intel Guru MarkZ [via PDK] In Iraq…They are…talking about having the new value in the budget and they have made alterations in the new budget for a new value in it. It is believed to be a higher value. The budget is being presented this week. The chatter on the street is indeed is 1 to 1 and then a float… PAY ATTENTION BECAUSE THIS IS IMPORTANT… I do not think this is what we are going to see over here.

2-25-2023 Intel Guru MarkZ [via PDK] I am still hearing it’s going to be a complete reinstatement or revaluation…perhaps they are going to do this in-markets there on the streets and quickly let it float up to their desired level…we shall see. But that is the chatter and its been overwhelming over the last few hours out of Iraq…Based on the news from Iraq…I hope our exchanges will start sometime this upcoming week…Its looking good and the chatter is overwhelmingly good…This is extremely exciting.

2-25-2023 Newshound Guru Samson Article: “An economist expects a third package from the central bank to reduce the dollar”. THIRD PACKAGE OF DECISIONS – POWERFUL.

2-25-2023 Newshound Guru Sandy Ingram CBI announced Iraq will do business with China using the Chinese currency…this is an attempt the Central Bank of Iraq is saying to stabilize or help stabilize the IQD.

2-25-2023 Intel Guru Frank26 What is the rate that they will leave their borders and be done with the internal float? 1 to 1. How long will it float externally into the markets in the currency reform? I don’t know. ‘I don’t care.’ Why? ‘I only have a million dinar.’ Oh. ‘I care’ Why? ‘I have a lot of dinars.’ For those of you that have a lot of dinars that are going to be paying attention to this next phase – It will be well managed and well controlled in the float…

2-25-2023 Newshound/Intel Guru Mnt Goat There is some amazing news and it falls directly in line of what we should be expecting at this point in time. We all should realize by now the IQD is no longer pegged to the dollar…When I reviewed the Dr. Shabibi 2011 plan of the process to reinstate the Iraqi dinar…that part of the process would be to de-peg for the dollar then watch for inflation…This period of adjusting for inflation could take a few days, weeks or even months…We must now settle down and relax while we watch the process play out.

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