Iraqi Dinar Guru opinions 3-8-2023
Iraqi Dinar Guru opinions 3-8-2023
3-8-2023 Newshound/Intel Guru Mnt Goat Article: “AFTER 20 YEARS… WILL ARTICLE 140 BECOME A REALITY?” There is a real movement for the implementation of Article (140) of the Iraqi constitution. As we all should know the new Iraqi constitution must be fully implemented or at least on it way prior to the reinstatement… we see yet another positive sign that the Al-Sudani administration is very serious about finally implementing Article 140…
3-8-2023 Newshound/Intel Guru Walkingstick [via Frank26] The article that is about to come out will deal with depictions [Of the new small category notes]…visual aids. They will also give them descriptions – security features, size, the number of notes to be released, denominations, the category of the denominations, colors. Everything that they put on these new small category notes is all about Iraqi history…They will explain to them how to do the exchange from the large 3-zero notes to the new small category notes and coins/fils…They will talk about how this will affect the market place.
3-7-2023 Intel Guru MarkZ [via PDK] This is the biggest news piece of the day today. “KRG Finance Minister: We agreed with Baghdad on the share of Kurdistan in the 2023 budget” this is from the Kurdish region finance minister. This is very big news. This has never happened before…. It’s huge. We have never been at this point before …and it’s exciting.
3-7-2023 Newshound Guru Pimpy It’s on the exchange…the Iraqi dinar is. It’s not on the big one, Forex, but it is on the local exchange…right now it’s trading on the open market at 1459 dinars for every $1…that’s the one  you don’t want to get higher. The higher this gets the worse off it is for us. That means more people are wanting US dollars and they’re willing to pay more Iraqi dinar for that. We don’t want that to happen but right now it’s been maintaining in the same area now for quite some time.
3-7-2023 Intel Guru Frank26 How long will the float go before they cap it? …possibly inside of a year and then afterwards will they cancel the 3-zero notes? …probably not. No. The central bank wants to collect all of them.
3-7-2023 Guest Guru Deepwoodz Article “Parliamentary Finance stresses the introduction of the new salary scale before the budget legislation” I’ve often thought about some of the things they would have to do BEFORE changing the rate. One of those things was to change the salary scale. Why? Google shows the national minimum wage to be 250,000-350,000 dinar per MONTH. Not much income at 1460 or even 1310, but if you plan on going through a major change, it would behoove you to change the scale accordingly. Don’t ya think? …it states that has been the going rate since 2018. Which one can also confer that during the rate change in Dec. 2020, they did not make an adjustment. They also did not make an adjustment BEFORE going back to 1310. So, Why do they need one now would be the next question I would ask, with a grin on my face?!
3-7-2023 Guru Nader From The Mid East The street demonstrations you see…First it’s for the food baskets. Second is for what we call it ID – retired people want more money. Third is for the exchange rate…purchasing power. Power to purchase more things with their money. That’s what they want to do. That’s why you see there’s a demonstration.
3-7-2023 Newshound Guru Sandy Ingram How Iraq caused the currency crisis – Here’s what happened. Iraq spends around $900 million a month on Iranian goods. $50…is for electricity and gas…Now the mistake – The U.S. and Iraq decided to pay Iran in Iraqi dinars. Surprisingly Iran said okay. Iran then proceeded to the Iraqi daily exchange auctions to trade the dinars for U.S dollars.
3-7-2023 Newshound Guru Sandy Ingram The Federal Reserve Bank in New York City had a fit and began implementing restrictions…You see, the U.S. holds the money Iraq makes from oil sales…Iraq is caught between the U.S. massive amounts of oil revenue and OPEC controlling Iraq’s oil exports and Iran controlling Iraq’s electricity…the bottom line – Iran obtained large large amounts of the Iraqi currency that Iraq needs to pay government salaries and run the government…this is a global issue.
3-7-2023 Intel Guru Frank26 If the budget comes out at 1300 it will not stay at 1300 for long. I hope that you can tattoo this somewhere you can always remember it…there’s another exchange rate coming…there’s another rate change coming. It was 1750. It’s 1300. There’s another rate change coming.
3-7-2023 Newshound Guru Pimpy A lot of people asking me if the Iraqi dinar exchange rate has changed again. No it has not. When you hear people out there whether it’s from the news or people posting about the exchange rate they’re usually talking about the open market rate which is different than the official rate. We know right now the official rate is 1300. We know the black market is somewhere around 1450 which is where they wanted it in the first place…
3-7-2023 Intel Guru MarkZ [via PDK] “not quite” a banking story… Someone needed to pay a bill and took some VND to a currency exchanger in a local mall. When he told the staff there he needed to sell some to cover a bill…she asked him “Do you know what is about to happen? He said yes but needed a bill paid today. She checked the rate on the screen and then said she didn’t want him to lose out and changes could happen at any moment over the next few days. This to me is awesome as you are starting to see this from certain banking and exchange personnel. They are seeing things.
3-7-2023 Newshound Guru Militia Man The Council of Ministers referred to dealing in dinars. It says there’s no justification for citizens to use foreign currency in local transactions. In other words in their local transactions there’s no reason to be doing anything outside of the dinar…if you’re going to go buy a car – dinar. You’re going to go buy a loaf of bread – dinar. Just the way it’s going to be…
3-7-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend thinks soon we will see the CBI talk about the lower notes and the upcoming rates. It’s all pointing to this. He says everything now being set at 1320 but he still thinks we will see another move soon on the exchange rate. Then to 1 to 1 ratio before the float internationally. FRANK: IMSO everything your bank friend is telling you is 100% correct. This month of March will show you what he…told you. You will see your new small category notes and new exchange rate. Remember you will see it first in article print and then it will be given to you physically. These are exciting times as we cross the finish line together…
3-7-2023 Intel Guru Texas Snake …very positive information has been provided from the Treasury to Tier 1 banks, including my personal banker, confirming that our event is going ahead.
3-7-2023 Intel Guru MarkZ [via PDK] Article: “Iraqi government to carry out reforms for economic renaissance” …it says they are ready for a “financial renaissance” and a return to being one of the top in the world…