Iraqi Dinar Guru opinions 6-22-2023
Iraqi Dinar Guru opinions 6-22-2023
6-22-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: President approves the budget. It’s in our media news…We now have the budget. The Minister of Trade is on the news Channel One saying Iraq is in the process of doing all that is needed to become members of the WTO. The news is also showing anti-money laundering committees…talking about ways to deter corruption and also talking about the dollar exchange rate…
6-22-2023 Intel Guru MarkZ [via PDK] “Iraq’s president ratifies record $152 Billion budget-criticized by IMF for too rosy projections” In other words unless there is a change in value –Iraq cannot pay those bills. It is clear to me Iraq is expecting a substantial change in value…also…an article that they were signing the HCL law today…It was a big, big day in Iraq.
6-22-2023 Guest Guru General Flynn [Retired US Army Lieutenant General] The writing that’s on the wall is this shift to a central bank digital currency system is going to change the very nature of the strength of the U.S. dollar globally…I see this happening in the next 90 days not the next 20 years. I think this is going to happen very quickly. What Iraq is saying, Look in order for our sovereignty to be maintained we’ve got to strengthen the dinar (their version of the dollar) and lower the value of the U.S. dollar and we’ve got to stop using the US dollar as the currency of choice when we do trade agreements, when we do business.
6-21-2023 Newshound Guru Pimpy Article: “Iraq Pays Its WTO Membership Amounts” This is good news. Iraq has finally paid their membership dues and they can continue to move forward doing what they need to do to ascend into membership with the World Trade Organization.
6-21-2023 Intel Guru Frank26 The key to the new exchange rate is the budget…The key to be a member of the WTO is what’s inside that budget.
6-21-2023 Newshound Guru Paulette The CBI has a lot to accomplish prior to Budget funds being disbursed. Look at how busy Alak was this [past] weekend. Hopefully, we see the implementation of the “Delete the Zeros Project” prior to the Budget becoming law and certainly hope before any funds are disbursed. Simultaneously or shortly after the implementation of the “Delete the Zeros Project”, hopefully the IMF launches the Reinstatement of the IQD magnifying the purchasing power of the budget disbursements allowing for all those rebuilding projects to be funded…. If we are to see the RI this year, we have a huuuuuge window ahead…
6-21-2023 Newshound Guru Militia Man They’re talking about establishing a city that’s a financial and business center in Iraq…Could you imagine one square square mile or a half a mile of high-rise buildings all for a financial district on the amount of money that’s going to cost? The amount of materials it’s going to take to do that kind of endeavor? They don’t have enough dinar at 1310 to ever do that.
6-21-2023 Newshound/Intel Guru Walkingstick [via Frank26] Question: “What do you think about the WTO?” I think the WTO is a big telltale sign. Member of the WTO can have multiple currencies to buy, sell and trade with but it really is not a smart thing to do. I know Vietnam uses multiple currencies. I know they keep their rate down but I also know they don’t really have that much trade like they want. They’re growing globally but to be a member of the WTO you can use multiple currencies. Iraq has decided to only use their currency…Powerful that is for the international world…
6-21-2023 Newshound Guru Pimpy About a year and a half ago Iraq mentioned they wanted to remove the 50,000 and 25,000 dinars out of circulation and use them specifically for bank transaction or large business transactions…What he’s not understanding is if they go to redenominate/remove zeros off them that doesn’t mean they won’t keep the large denominations to do business transactions…But if you’re carrying around 25,000 and 50,000 dinars as a civilian you’re going to have to trade those in or you might risk the chance of losing out…because it becomes obsolete.
6-21-2023 Newshound Guru Pimpy So will they continue to use the 50 and 25,000 dinars to do large bank transactions? Of course that’s possible. Will the dinar note look the same as we know today? Heck no. Those notes will no longer be any good. He’s mixing two things up. He’s talking about the banknotes where they delete the zeros or LOP off the zeros and the exchange rate… Wikipedia Quote: “Redenomination itself is considered symbolic as it does not have any impact on a country’s exchange rate in relation to other currencies. It may however have a psychological impact on the population…” So it has nothing to do with the exchange rate.
6-21-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The central Bank Governor talked about raising the rate of daily transactions and he talked about hard currency abroad. FRANK: Hard currency is your new national currency. The program rate is not hard currency. FIREFLY: He’s also talking about there’s another campaign to straighten the dinar with us Iraqi citizens. He saying how the dinar’s strength will grow. FRANK: What do you think that is? A new exchange rate, the lowering of the American dollar in your country…they are educating you on the monetary reform.
6-21-2023 Newshound Guru Militia Man The 25k notes – if they change the value – that value goes with it because you can’t have 2 exchange rates with an international currency. It’s not going to work. Never has been even suggested…the project to delete the zeros is real. It’s not off the currency it’s off the exchange rate…
6-21-2023 Intel Guru MarkZ [via PDK] The budget was signed today…“the President of the Republic of Iraq announces the ratification of the budget law.” …one of the massive steps we were waiting on is now complete. There is nothing holding them back at this point…as we understand it. The Kurds are happy…the banks are happy…everybody is happy. We just don’t have a rate yet…With the budget signed I think we could go at a “any moment” scenario.
6-21-2023 Intel Guru Babysmom PRESIDENT OF THE REPUBLIC HAS APPROVED THE BUDGET. WE ARE WAITING ON NEXT STEP INFORMATION…
6-21-2023 Newshound Guru Clare “urgent… The President of the Republic ratifies the budget law” Quote: “Today, Wednesday, the President of the Republic, Abdul Latif Rashid, ratified the Federal Public Financial Budget Law…approving the budget is a turning point for the government to implement its program, which includes securing the necessary needs of citizens, providing basic services such as health and education, rehabilitating the infrastructure and initiating vital and strategic projects that will positively reflect on the reality of the situation daily life of the citizens.”
6-21-2023 Newshound Guru Clare Article: “Al-Kalabi: The President of the Republic did not sign the budget in order to study it well, and he has “15” days” Quote: “he has a validity of 15 days, and if it is not approved this week, it will take place after 15 days, 7/1, the budget will be launched, God willing.”
6-21-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said when the new security laws are passed that will allow the private sector to explode and Iraq could legally go international with the currency or may float or to reinstate. But parliament is on a month break… FRANK: …Security law does need approval. It will happen. There’s a good chance it’ll be passed after they open the budget but remember Sudani can always call parliament back early if he chooses. I believe they’re going to use the full 15 days.
6-21-2023 Newshound/Intel Guru Mnt Goat I feel we have been in a critical period of the currency reform program since January of this year 2023. Now we are in a “vital” period since the three-year budget has been passed on Sunday June 11th. … I quote from today’s article – “The budget needs formal approval from the Presidency of the Republic within 15 days and after publication in the Official Fact Sheet to be effective”. Now we wait for the president of Iraq to ratify the budget. He has told us he is going to “take his time and review it carefully” …According to the Iraqi constitution he has 15 days from the date it was delivered to his desk (June 15) to ratify it, that brings deadline to