Iraqi Dinar Guru opinions 5-3-2024

Iraqi Dinar Guru opinions 5-3-2024

5-3-2024 Newshound Guru Militia Man Article quote: “The dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met…” This is a topic that’s been out there…fixed exchange rates…They’re talking about a new exchange rate…fixed exchange rate or floating exchange rate. They’re talking about it for one reason, because a new exchange rate is coming…A. Are they going to float the currency? B. Are they going to peg it to a currency or a basket of currency and fix it?…

5-3-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on the television right now…saying that the parallel market is almost at the official exchange rate and that is the rate they’re seeking. He calls on a floatation of the dinar saying to us this will get the rate where it needs to be. FRANK: Oh my goodness it doesn’t get any better than that…This is a deeper explanation to you Iraqi citizens on the next steps of the monetary reform the CBI is accomplishing with you. All of this was the result of the agreement from the CBI meeting at the US Treasury…

5-3-1024 Newshound/Intel Guru Mnt Goat In what they have already accomplished just in the last 16 months, it would be silly to turn back now. Amazing progress in such a short period of time compared to 30 years. They have come further than ever before. I say this not for hype or for the sake of being overzealous. Instead, I stick to the FACTS of what the news has been telling us recently and what my CBI contact has been telling us…Iraq has kicked the proverbial can down the road long enough and it is time…time to go global…Iraq will not survive unless they do something BIG with their currency soon and I mean very soon!

5-2-2024 Intel Guru Frank26 If…you only have 500,000 dinars, [a bank’s] wealth management department probably won’t talk to you. That’s why you need a team. Now the wealth management department is your team. They got the lawyer…trust funds…they can even collect taxes…They got everything you need in the wealth management department of a bank. There’s your team. But I also want to caution you. Chase Bank is in cahoot and partnership with JP Morgan… JP Morgan answers to the bank. JP Morgan does not answer to you. You must make the decisions that JP Morgan brings you as options…So as much as you may say, ‘Okay I’ll use the team the bank has.’ Just be aware that that team works for the bank not for you and at your expense they will make a profit for that bank.

5-2-2024 Newshound Guru Pimpy Question: “What do you think would be the ideal exchange rate for the dinar?” You need something that’s right in the middle…1 to 1 exchange rate would be right in that sweet spot. Enough to where they get more purchasing power on their imports but also still be competitive on the market with their exports. I would say 1 to 1 exchange rate would be the perfect location.

5-2-2024 Newshound Guru Militia Man Community comment “May 9th WTO” The reference to that date is on the WTO calendar as a non WTO working day.

5-2-2024 Newshound Guru Samson Article: “The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bill”

5-2-2024 Intel Guru MarkZ [via PDK] Iraq has been quiet since they told us to expect a rate change in their markets …and its now up to the CBI as to “when”. …then they went quiet…Quiet is not a bad thing right now…They did let us know recently that they have a new banking system prepped and ready to go. And they have distributed millions of cards to people to use for banking.

5-2-2024 Newshound Guru Kaperoni A country’s currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq’s economy can the dinar rise in value.

5-2-2024 Intel Guru Frank26 Question: “Do you have to change rates before May 9th ascension in the WTO?” No, you can have a membership in the WTO with a low exchange rate. That doesn’t interfere with it.

5-2-2024 Newshound Guru Clare Article: “Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one” Quote: “Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one…”

5-2-2024 Intel Guru MarkZ [via PDK] Question: Could Iraq lop the zeros off and then what we hold is worth nothing? MarkZ: Sudani has said no. The man – Dr. Shabibi who designed the RV said no….Anyone in pretty much every level of authority in Iraq has said no.

5-2-2024 Newshound Guru Pimpy Some of the bigger points we see inside the Iraqi dinar community such as, ‘Let them reinstate the exchange rate to $3.22 the old rate.’ That’s not the old rate. That’s been a myth for a long time…The $3.22 rate was there but that was not the one they left when it became a devalued currency. It was something like $1.52. The other one [myth] is the
hydrocarbon law that once it passes then the Iraq citizens are going to get payments. They’re not going to get payments. Read the law, nowhere does it say they’re going to get payments.

5-2-2024 Newshound Guru Militia Man Everything is falling in line for Iraq to go international. You haven’t see the salaries paid yet…you haven’t seen the oil start pumping yet into Turkey…Why? Because they haven’t shown us or exposed an international real effective exchange rate. That’s my view on it.

5-2-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency. He says Iraq now has a soft peg and…the float is not necessarily as a fixed rate… FRANK: The monetary reform education is explaining the reason why you don’t need a basket…They are also expressing you don’t need a float. That’s because your reserves are so powerful…But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level. They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar.

5-2-2024 Intel Guru MarkZ [via PDK] Well some chatter from another different contractor that is hearing the same as the previous contractors. So, multiple confirmations that are hearing a range of rates from the mid to upper $3.s…They work in different industry’s in different companies….and they think it will be extremely soon

dinarguru.com