Iraqi Dinar Guru opinions 5-5-2024

Iraqi Dinar Guru opinions 5-5-2024

5-5-2024 Intel Guru Frank26 Article: “Specialist: Floating the dinar is economic suicide” Economists are saying to the Iraqi citizens that a flotation is detrimental whereas the CBI Saleh, the advisor, the Financial Ministers, all these people are saying the complete opposite, ‘we’re about to float…why do you think we have all this stuff set up? Why are we following international laws? Why do you think we’re article VIII? Why do you think we’re going to be WTO is 7 more days?’ Floating the dinar is suicidal? No it’s suicidal for you.

5-5-2024 Intel Guru MarkZ [via PDK] “National bank of Iraq uses Temenos for core banking and payments” They have put into effect a well used banking AP from around the world. And they have gone digital at a record pace in their banking system. We were told this was necessary so they could pull the trigger – BAM. They want us to know they have updated their banking system. This is important to the process and here we see that it is done!

5-5-2024 Newshound/Intel Guru Mnt Goat I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks.

5-4-2024 Intel Guru Frank26 1 to 1 is not even worth talking about anymore. It may come at $1.30 to 1 or $1.50 to 1. I believe the cap of the REER may be around $4.25. Let’s see what happens to my opinion.

5-4-2024 Newshound Guru Kaperoni It is highly unlikely that any bank will have anything to do with the dinar for quite some time. Banks are conservative by nature and the dinar could be quite volatile once they begin to float. In the past we have talked about market makers and ECNs. These could end up being the method to facilitate your currency investment or through an established financial institution such as JP Morgan. Time will answer these questions.

5-4-2024 Intel Guru MarkZ [via PDK] Float = Raise. There has been debate over the translation and about whether it will be a soft peg, a managed float or whether it will actually be a float at all. I think they have been clear they are going to peg it. But, it is confusing.

5-4-2024 Newshound Guru Pimpy My personal feeling is they are going to take the zeros off. Do I want Iraq to take the zeros off? No. I would hope they would leave it on and then revalue it with a higher exchange rate. That’s what I’m hoping for.

5-4-2024 Newshound Guru Militia Man Rebuilding the country is not going to happen anytime soon with 1310…Obviously they’ve got something else in mind because they’ve already said they’ve launched the projects, therefore there’s contracts involved. What the rates are with the contracts that’s private information…They know how to keep things quiet until the right time…

5-4-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on television and he says it’s time to float the dinar and get rid of the parallel market. FRANK: Well thank you Saleh! …Sudani says get out there and clean this [we’re not going to float] mess up…Of course we’re going to float. FIREFLY: He says we have 10x the amount to support a new rate. FRANK: This is the man Sudani sent to you…He’s telling these economists …don’t understand the agreement the CBI made with the US Treasury concerning the new exchange rate or they are being paid by you know who to put out false information.

5-4-2024 Newshound Guru Kaperoni I remind everyone just two weeks ago the Central Bank of Iraq announced that they plan to end the currency auctions by the end of the year. If that is the plan, they must have a replacement which is the float.

5-4-2024 Intel Guru MarkZ [via PDK] I think there is an excellent shot we will be done by the 9th… Comment: I hear tomorrow will be. a BIG day. MarkZ: I know a lot of people are expecting it on Sun or Mon… I don’t know if it will be tomorrow or not, but there is a tremendous amount of chatter…I am not hearing anything negative…everything is positive…All my contacts in Iraq are saying the trigger is now with the CBI and they are going to pull it soon. They are informing people …they are educating people and telling Iraqi citizens to be prepared for a change in value…

5-4-2024 Newshound Guru Clare Article: “Specialist: Floating the dinar is economic suicide” Quote: “Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate…adding that floating the exchange rate in the presence of a parallel market and large speculators, and the presence of people who own billions of dinars and others who own billions of dollars, will lead to a sharp decline in the value of the currency, high levels of inflation, and rising prices”

5-4-2024 Newshound Guru Paulette Article: “Specialist: Floating the dinar is economic suicide” As Saleh was stating but only stronger wording.

5-4-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The economists here are saying with so much on the line from the budget funding all types of investment in our economy they’re saying the exchange rate will be fixed. It’s not going to float because there’s too many bad things that can happen with a float…Now we have another guy coming on the news saying floating the dinar is suicidal. FRANK: Hey, you don’t want us to do that because that’s what Sudani wants…because that’s what the CBI agreed with the US Treasury.

5-4-2024 Intel Guru MarkZ [via PDK] …they have started paying their retirees and disabled, welfare etc…they finally have money moving where it is supposed to on all those fronts. And all the progress they have made getting CBI salaries to people. They are completing everything they need for world trade and ascension, and all the settlements they have made to get out of chapter 8 after the invasion of Kuwait. Phenomenal progress has been made… Progress over the last 16 months has been stunning.

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