Iraqi Dinar Guru opinions 4-3-2024
Iraqi Dinar Guru opinions 4-3-2024
4-3-2024 Newshound/Intel Guru Mnt Goat In today’s news articles we learn about the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003. So, there is no extension this year…Why is this so important to us investors? First, the expiration of 13303 shows to us once again that Iraq is slowly moving out of the sanctioned mindset altogether. But now we moved to a new level. We know that in December of 2022, Iraq completed its war reparations payments to Kuwait and thus followed that all the remaining UN sanctions were lifted.
4-3-2024 Newshound/Intel Guru Mnt Goat What happened next was the VERY quick response by the CBI to begin the de-dollarization process in Iraq in 2023. Then the unanticipated length of resolving the issue of the stability with the parallel market which delayed the process we are now looking for. Last week they told us the parallel market is now under control…I verified this with my CBI contact…Many investors have been waiting for this news…and tell us that this is a VERY GOOD sign for us in that since we no longer will be needing this protection, since maybe the dinar is soon to be free to move into its full potential as a sovereign, global currency…Remember it is normally renewed on April 1st and so what is in stored for us in April? Just saying…
4-3-2024 Intel Guru Frank26 The HCL simply waits for the new exchange rate to be released just like everything else is waiting for it. You, me, contracts, investors, Forex, etc etc.
4-3-2024 Intel Guru Goldilocks Wikipedia: “Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens.” this executive order 13303 is being lifted.
4-3-2024 Intel Guru MarkZ [via PDK] Question: Have they already decided on a rate and date? MarkZ: My contacts in the ministry in Iraq told me they have set the rate. We are just not privy to that or the date.
4-2-2024 Intel Guru Frank26 Many things are waiting for the new exchange rate. I sincerely believe that the very first domino that allows everything else that is waiting for the new exchange rate is the budget that allows everything to live and function.
4-2-2024 Intel Guru MarkZ [via PDK] Comment: Remember Sudani is coming to the US on April 15th. I believe it will be a post RV victory lap. MarkZ: A lot of my contacts believe that as well. Some contacts think tomorrow may be the day. We will see. It’s not coming from enough sources to put a lot of stock in it though.
4-2-2024 Newshound Guru Pimpy Did we hear this rumor correctly? Did Iraq find a replacement for oil? …It’s been under their feet the whole time…What do you suppose that would do for their economy especially if it allows them to get away from relying so much on oil? It could be very very exciting… Article: “One more country ahead of us in the race for the ‘most renewable fuel': this is a developing one and will replace oil” It looks like Iraq is going to start doing what they can to get away form oil and start producing green hydrogen… Yes, indeedy things still looking good for Iraq. Let’s hope they stay on the straight and narrow and everything goes their way and we can see the Iraqi people have a prosperous life.
4-2-2024 Newshound Guru Militia Man When Iraq adjusts their exchange rate…all boats rise with the tide. All those boats that own Iraqi dinar are going to rise. The United States is going to be part of that process with the Development Road project. See how cheap it’s going to be to build that country by raising the value because they have a real effective exchange rate? You can see where the deals are going to be made. It’s going to be phenomenal.
4-2-2024 Newshound/Intel Guru Walkingstick There’s nothing like the facts. Everything they’re telling the Iraqi citizens is a fact because it’s coming from the right sources.
4-2-2024 Intel Guru MarkZ [via PDK] Member: I heard Iraq is going to do what Kuwait did and allow their people to party a few days before they release rate to the world? MarkZ: Kuwait managed to keep their RV a secret for 10 days before the world found out. With today’s internet they would have a difficult time burying it for very long. I don’t think they would get more than a day or two at most.
4-2-2024 Newshound Guru Clare Article: “Iraq’s banking system grows 15.1% in 2023 to $156.7 billion”
4-2-2024 Intel Guru Frank26 Divide 1 by 1320 = .00075758. If you take the decimal point and you move it over three spaces they you have .76 cents. 3 zeros = $0.76 …This is the easiest formula you can use.
4-2-2024 Newshound/Intel Guru Fnu Lnu Article quote: “Al-Kadhimi indicated that increasing the budget’s overall amount, from 199 trillion Iraqi dinars (nearly $152 billion) to 228 trillion Iraqi dinars (approximately $174.04 billion), resulted in a rise in the deficit, revealing that the budget is still being discussed in the Council of Ministers and would likely be presented to the Iraqi Parliament next month.” It would logically follow that a revaluation would be likely before next month’s USA confab.
4-2-2024 Newshound Guru Pimpy Community request “Please tell us about the smaller notes, 500s, 250 and 50s. Will they be a throwaway? What is the good and bad of them?” If they do a re-denomination there won’t be a need for a 500 or 250 note…They’re going to create the notes like the ones we have. You will see a 1, 5, 10, 20, 50 and 100 denomination…They don’t lose the purchasing power. The 10 has the same purchasing power as a 10,000. The 5 has the same purchasing power as a 5,000. The one has the same purchasing power as the 1,000…
4-2-2024 Newshound Guru Militia Man With the Central Bank taking measures to stop the exchange rate rise in the parallel market showed they attained a gradual decline in the exchange rate due to merchants gravitated to the new platform in significant numbers whereby the parallel market decreased to a mere $25 million a day compared to over $200+ million with the legitimate system. They say that decline will continue. Likely to disappear, imo.
4-2-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend…there’s still a need to collect 30% of the people with bank accounts…Half of our parliament owns banks. That’s how they were stealing all the money until Sudani and Alaq have now cleaned that up…Citizens of Iraq are veering away from banks until a rate is available…
4-2-2024 Intel Guru Bruce [via WiserNow] Rates are going to be great. Don’t worry about that…we’re supposed to be given the contract rate on dinar which is tied to price of oil per barrel.
4-2-2024 Intel Guru MarkZ [via PDK] Vietnam news: “VN central bank drains more money from system” They have withdrawn more than $75 Trillion VND from the last 5 trading sessions. Guys, this is almost like they are preparing for an event and I am excited about that.
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