Iraqi Dinar Guru opinions 5-7-2024

Iraqi Dinar Guru opinions 5-7-2024

5-7-2024 Newshound Guru Militia Man Article: “Iraqi Council of Ministers approves the 2024 budget schedules” The next step would be to take those schedules and deliver them to the House of Representatives. If we see that, that’s going to be powerful because everybody’s gonna be biting their nails because it could very well suggest something could happen prior to that happening. It’s a nail biter…

5-7-2024 Intel Guru Frank26 It’s going to float. It’s just that there’s no basket, that’s all.

5-7-2024 Intel Guru yada …this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves. And the non-revenue income that will decrease Iraq dependence on oil from 95% do about 55%. Just one rate adjustment will have this impact.

5-7-2024 Intel Guru MarkZ [via PDK] Community Comment: I heard the dong [Vietnam] could be as high as $3.60. MarkZ: I heard that too…but I think it will be somewhere in the mid $2 range.

5-7-2024 Intel Guru MarkZ [via PDK] I am…getting more confirmations from different banks that are testing to make sure their systems are ready…There are different banks practicing…even have some reports that they are practicing the call in process for us to make appointments. That is confirmed from a couple places. I’m talking they are training with full blown, sit down role playing process for exchanging as well…I feel we are much closer now that the rank and file in banks are learning this process and training as well. For those who think this is never going to happen…Why would they be training their staff on how to read, understand the currencies we hold and to exchange them if it weren’t going to happen?

5-6-2024 Intel Guru Frank26 I just don’t see that it’s going to be in a basket. I think it’ll be a fixed rate…What would it be? Well they want 1 to 1. IMO maybe $1.50 to 1 or $1.30 to 1. That’s a fixed rate. But that fixed rate is going to be put in the international markets – Forex. Because of supply and demand, using, buying and trading with it, the value internationally is going to go up…The CBI seeks what’s called a REER, Real Effective Exchange Rate.

5-6-2024 Newshound Guru Kaperoni Question: “So would the CBI set the initial float rate?” When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that time. Supply and demand then takes over from there.

5-6-2024 Intel Guru MarkZ [via PDK] I did have multiple bankers over the weekend get notified and are beginning training today. They are “Training to handle foreign currency exchanges”. Some of the currencies mentioned are exactly what we are holding…And they are being trained on them…They need to know the security features on the various bills in order to verify them on site. That is what they are training on… NOW – THIS WEEK-IMMEDIATELY!!! These are banking people who have never been trained before…these are some of the ones the banks had told them “No, this is never going to happen” and now suddenly the banks come to them and say “You have got to get trained now – this week – immediately”…Gave me a good warm and fuzzy feeling today.

5-6-2024 Newshound Guru Pimpy If the dinar were to go free floating that means the rate it will adopt is going to be the one that we see on the parallel market…

5-6-2024 Newshound Guru Paulette Community Comment: “On May 9th it has been announced that Iraq will become a FULL member of the WTO.” I have not seen where Iraq has participated in the Third Round of negotiations…It took Iraq since 2004 to complete everything assigned in the First Round of negotiations. It was only earlier this year that they completed those requirements. They were given tasks in the Second Rd of Negotiations which they are in process of completing. They may be given tasks in the Third Rd of Negotiations also. The Third Rd is scheduled for “mid-year”. I believe the only countries that have completed everything for the May 9th Ascension Ceremony are Comoros and East Timor….

5-6-2024 Intel Guru Frank26 What the budget needs is for parliament to view the amendments that Sudani made and I pray one of those amendment is a new line item with a new exchange rate.

5-6-2024 Newshound/Intel Guru Walkingstick The main reason why they’re going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, ‘Hey, maybe I should invest in this currency.’ …The float is to build confidence in the country and in the currency of Iraq.

5-6-2024 Newshound Guru Kaperoni Article: “Al-Rayes: The path of development is the first gateway to sustainable economic advancement” If and when the Iraqi dinar begins to float supply and demand based on Iraq’s economic success will take over. Only with the success and growth of Iraq’s own economy can the dinar go up in value. How fast and the pace are determined by those factors.

5-6-2024 Intel Guru MarkZ [via PDK] There was interesting money movement over the weekend according to my best group contacts. It is clearly positioned to go…

5-6-2024 Newshound Guru Militia Man Article: “Specialist: Floating the dinar is economic suicide” Them bringing up exchange regimes obviously…they’re going to do something because why talk about it if it’s not going to change. You don’t.

5-6-2024 Intel Guru Frank26 There’s no set date for this to happen. That’s just the way it is. I’m sorry if you can’t tolerate that, you should move on. But if you can tolerate what a speculative investment brings into you your life then you understand, oh my gosh…[Saleh] just told the Iraqis the Iraqi citizens that the exchange rate for our currency it’s almost reached the official rate and once it does we’re calling upon it to float…

5-6-2024 Intel Guru Wolverine Looks like all things are geared up for this coming week…the green light has been given. We will have a glorious upcoming week, and the notifications are coming out any day now…

5-6-2024 Newshound/Intel Guru Mnt Goat Article: IRAQ TALKS ABOUT PRODUCING ONE MILLION LITERS OF GASOLINE DAILY Quote: “increase refining capacity production rates and improve production in national refineries to reach self-sufficiency and gradually shift to exporting them to global markets…” Well…well…its about time that Iraq got these refineries up and running. Lots of articles about this effort over the last ten years. Did I hear of another export product here?

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