Iraqi Dinar Guru opinions 2-28-2023

Iraqi Dinar Guru opinions 2-28-2023

2-28-2023 Newshound/Intel Guru BGG Article: “An oil agreement paves the way for announcing a comprehensive budget in the coming days” Quotes: “the delegation of the Kurdistan region, for the first time, participated in writing the draft general financial budget in coordination with the federal government in Baghdad.”; “…the governments of Baghdad and Erbil have reached an integrated road map to resolve the crises, indicating that parliamentary consensus exists and is awaiting the budget to be passed.”

2-28-2023 Intel Guru MarkZ [via PDK] We know Iraq is openly talking about changing the rate…and in their news…you will see there are a number of contracts that Iraq has paid to other countries in the last week or so…if you do the math…it is showing the rate of $1.66 to $1.86 or so…because of the number of dinar they gave and the dollars attached to those contracts. They paid those contracts in dinar. I think they are already dealing at a higher rate…it just hasn’t made it to us yet. They still have a bit of an educational process to continue for their people. They are still educating them on the lower denominations. We know they have been printed close to 5 years now. They are prepared.

2-27-2023 Intel Guru Frank26 How do you think the value of the Iraqi dinar is going to go up? On its own? Forex is the float.

2-27-2023 Newshound Guru Pimpy When it comes to Iraqi dinar there’s a lot of variable that’s involved. It isn’t going to happen overnight. It’ll most likely happen in increments. There’s a lot of things that people have to take into consideration…

2-27-2023 Guest Guru Deepwoodz [Response to Guest Guru KandG post below] For me the mystery is due to what we’ve learned, that they cannot reveal a major change in their rate due to legalities…There are finer details and inner workings we are not privy to… I for one am not worried…there are hundreds of articles in just the last couple weeks alone concerning the exchange rate, contracts, other countries, online platforms, sonar devices, etc. None of this makes sense at 1300, 1190, or even 1:1. All this sounds like one of the most valuable currencies in the world.

2-27-2023 Intel Guru MarkZ [via PDK] Very quiet on the Iraqi RV front, almost like there are NDA’s or something…they are talking all around things as if they have an NDA…been reaching out to individuals from the US side and they will talk about a lot of things but won’t answer questions…several strange conversations today. I hope this means something good…I am still hearing positive things about this week…the goal was still to get things out the door by tomorrow night. We will see if they meet it or don’t. We don’t know the timing…but we know it is exceptionally close.

2-27-2023 Newshound Guru Jeff When you look at their actions…about 2 weeks ago they had a major meeting in Washington D.C…the Iraq Central Bank met with the U.S. Treasury and Federal Reserve to lay out all the ongoing future requirements and steps that are going to be put in place regarding our money, their money and some other currencies out there and some precautionary steps in regards to the dollar – the cans and the can’t do’s. A lot of good things are happening…

2-27-2023 Intel Guru MarkZ [via PDK] [I saw…that Iraq is going 1 to 1 and redenominate at the same time…and then let it float.] That would make logistical sense. But as I understand it…the gold treaty needs them to come out at a higher rate. But if Iraq is frustrated on waiting…it makes sense for Iraq to come out at a lower rate and float. If it floats I believe it will float up…their goal was to reach the $4 mark…But, it would be nice to get the new big rate all at once.

2-27-2023 Newshound Guru Militia Man When we’re talking about value we’re talking about things that are determined from what? Income streams beget value…and assets create value. They don’t want to underestimate the value and they don’t want to overestimate the value. They want it right it line with what is fair or real – Real Effective Exchange Rate is on the table…

2-27-2023 Guest Guru KandG Article: “The Kurdistan Regional Government announces reaching an initial agreement with Baghdad on the draft budget law” Quote: “the Iraqi government revealed, two weeks ago, that the Ministry of Finance had begun to re-prepare the general budget for the year 2023 according to the new exchange rate (130) thousand dinars per 100 dollars.” …Yes – I’m deemed negative but in actuality it is not negativity but looking at ALL articles, not just the ones that are favorable…

2-27-2023 Newshound Guru Paulette Typically, it [the budget] will go through First Reading and then go to Parliament’s Finance Committee for review. This review is often at least 2-3 weeks and often much longer. It then comes back for Second Reading and if all agreed, it can then be passed. If not agreed it will go out for at least three days before Third Reading and passage paragraph by paragraph with the first paragraph delineating the rate.

2-27-2023 Intel Guru Frank26 You don’t care about the exchange rate as it reaches 1 to 1 do you? Of course not. You’re not going to exchange. You could. You could still make a nice little profit out of it but you’re waiting for the 1 to 1. You know the rate at which it will float.

2-27-2023 Intel Guru MarkZ [via PDK] Many of my contacts thought they would wake up to a new rate today at the earliest…most likely by tomorrow…. I am watching it. Overwhelmingly they believe this time this is “it”…That they have scheduled it and are waiting on the release. None of us know the exact timing …but we do know everyone is ready for it.

2-27-2023 Newshound Guru Sandy Ingram The exchange rate between the USD and the IQD is still at 1458 on the international currency feed. We don’t know why it has not calculated to 1300 per the CBI’s rate change…[I’ll] keep you posted.

2-27-2023 Newshound Guru Pimpy There’s a difference in RV and RI…RV is when you re-value a currency. We saw a revalue when the Iraqi dinar went from 1190 dinars to 1450. That is an RV. An RI is when you had an exchange rate for whatever reason they changed it and then once it was done they just reinstated it. That’s what happened to Kuwait.

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