Iraqi Dinar Guru opinions 3-13-2024

Iraqi Dinar Guru opinions 3-13-2024

3-13-2024 Newshound Guru Paulette This is clearly what the article said… They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD…Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD.

3-13-2024 Newshound Guru Paulette …What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.

3-13-2024 Intel Guru Frank26 We were looking for 1,200 or 1,000 [to 1 USD] but I don’t think we’re going to see it…We haven’t seen a single pip movement …It’s possible they may be looking at $1.10, $1.20 or $1.30…Let’s see where they enter the basket. I’d love for them enter at 1320 because that means we’re ready. I don’t think there’s any more preparation is required…I believe they have the potential to cap it at about $4.25 [in the float].

3-13-2024 Intel Guru MarkZ [via PDK] Comment: …I am starting to think this is all bullcrap…please talk me off the cliff. MarkZ: Were you paying attention yesterday morning? Did you see the article yesterday where they are “OPENLY” talking about changing the rate [Reference MarkZ posts 1 & 2, 3-11-24, below] …and we know they have formed a committee to educate folks on the repricing because of changing rates. We know its going to happen…it’s the “when” that is still the monkey on our backs….

3-13-2024 Newshound/Intel Guru Mnt Goat This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. …we know that what has been accomplished in the de-dollarization process is hard to undo at that point…So, there is no turning back and they must move ahead.

3-12-2024 Intel Guru Frank26 [Three corners of Arkansas, Oklahoma, Missouri Chase Bank Story] I just walked in. I didn’t at first tell them what was going on…I started saying I’m coming into some money, I made a couple investments that look like they’re going to pay off. He flat out asked, is this the dinar?…Yes…He stood up at that point and was like, I’ll be right back. He
goes and gets the JP Morgan guy. FRANK: You are blessed. Not everyone is going to the banks with the JP Morgan reps. If you got one of those there they’ll talk to you. If not, they’ll still treat you like an idiot.

3-12-2024 Newshound Guru Paulette Sistani set…3/12/24 as the first day of Ramadan…Note, IMO, Kuwait Reinstated their currency during Ramadan in 1991…therefore, it appears that it very well can be possible to see Iraq change their currency structure during Ramadan.

3-12-2024 Intel Guru MarkZ [via PDK] If Iraqs rate comes out at .76…Wonder what VND rate will be? MarkZ: …that could mean…dong at .36 – .40 cents…we always thought the VND would be 3/4 of the value of the IQD. And I believe those rates are the worst case scenarios. So nobody panic. I still very much think that we could get up to $4 on the dinar…and closer to $2 on the dong…

3-12-2024 Newshound/Intel Guru Walkingstick [Iraqi bank friend Aki Update] They had a zoom meeting. It was with the CBI, all other banks and US Treasury, IMF, everybody, they were all in this zoom meeting. They told him a lot but the only important thing…was I was told once again, ‘We need you to be back at the bank because at anytime you are going to be very busy.’ Aki is just like you and I, sitting there waiting…

3-12-2024 Intel Guru Frank26 The transitional period is what you’re experiencing right now…in the monetary reform.

3-12-2024 Newshound Guru Pimpy Does Iraq have the ability to be similar to what Kuwait has? Of course it does, but they got a long way to go…When I first started talking about the Iraqi dinar, I thought Iraq is going to be just like Kuwait. Until you actually start really digging into it and researching you find out they’re nothing alike…

3-12-2024 Newshound Guru Militia Man This is fascinating because this is coming from the Iraqi government today in the same context of Al-Sudani. Article quote: “The Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely to significantly increase Al-Sudani’s popularity.” You think!? Bring the purchasing power of $0.76 – that’s what it equates to…deleting the zeros just like we’ve been talking about.

3-12-2024 Intel Guru Frank26 Article: “Coordination Framework seeks early election to curb al-Sudani’s growing popularity: analysis” Quote: “The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars.” Now do you understand why they left it at 1320 even though we suggested that they would take it to 1200 or 1000?

3-12-2024 Newshound Guru Samson Article: “The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity”

3-12-2024 Newshound/Intel Guru Mnt Goat Article: “THE NEW IRAQI OIL LAW UNDERMINES THE DREAM OF KURDISH INDEPENDENCE” Quote: “On February 21, the Federal Supreme Court ruled that the Iraqi Kurdistan Regional Government must hand over “all oil and non-oil revenues” to Baghdad.” This is a solid start to getting the Oil and Gas Law completed and to parliament for a vote. This must be completed to finish a Constitutional requirement to fully implement the new 2005 Iraqi Constitution. This was told to me a decade ago that this is critical to normalizing Iraq. So this is all excellent news for us today…

3-12-2024 Intel Guru MarkZ [via PDK] Comment: …contacts in Iraq…think it will go between the 10th to the 24th of March. MarkZ: That’s the general consensus amongst my Iraqi contacts as well…. We will see how it plays out.

3-12-2024 Intel Guru MarkZ [via PDK] Comment: I think .76 cents is a sucker rate. MarkZ: I also believe .76 cents would be a sucker rate. Comment: Maybe .76 cents prepares the forex market for what is to come. So $3.50 to $4.25 won’t surprise them? MarkZ: I agree and it also prepares the people for a different rate. This big a change needs to be prepared for.

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