Iraqi Dinar Guru opinions 6-3-2024

Iraqi Dinar Guru opinions 6-3-2024

6-3-2024 Newshound Guru Militia Man Article: “Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the schedules” Quote: “Parliament decided, according to the agenda, to hold its twenty-seventh regular session next Monday…” I am not sure how long voting will take on the paragraph. But, if they are going to vote to do a budget at 1310 that would have a deficit of 64 trillion that would not be good for the people and they want to see another term in office they’ll need the 3 zeros to be removed from the exchange rate. If there isn’t a removal by Al-alaq they’ll be in a pickle be sure.

6-3-2024 Newshound Guru Samson Article: “Sudanese Advisor: Ending the UNAMI mission represents a ‘historic achievement’ for Iraq”

6-3-2024 Newshound Guru Clare Article: “Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations.” Quote: “The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday.”

6-3-2024 Newshound/Intel Guru Mnt Goat “The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed…the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week.” Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.

6-2-2024 Newshound Guru Jeff The budget will not be approved Monday. It’s going to be another failed attempt…Nothing will happen with the budget on Monday. It’s going to be a failed attempt to approve it.

6-2-2024 Newshound Guru Pimpy Article: “Iraqi Dinar: IBBC issues Major New Paper on De-Dollarisation of Iraq” It isn’t just about the de-dollization, this paper covers the banking reforms, the state of politics…the state of security. It also covers what Iraq needs to do to increase the exchange rate. It also talks about what Iraq needs to avoid to keep from having to devalue the currency even more. It isn’t just as easy as, ‘Hey increase the exchange rate so we can end all of your problems.’ …It’s 30 something pages long…There was a lot of information in there that I was shocked about.

6-2-2024 Newshound Guru Militia Man They’re talking about a massive deficit…$210 trillion budget…It’s insane. They don’t have that kind of money. What are they doing? Now they’re going to increase it?!?…And these guys have it on “agenda for a confirmed and imminent completion” of it [the budget]. There’s something up folks because 1310 doesn’t work.

6-2-2024 Newshound Guru Kaperoni …The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.

6-2-2024 Guru Nader From The Mid East ‘Nader you said it was going to happen in June.’ No I didn’t say in June happen. I said June they’re a possibility for them to work on the dinar because each time they worked on him it’s between June and August…They created a new white paper. They’re going to start working on the exchange rate and I think from here to the 8th of July. We’ll see what’s going to happen.

6-2-2024 Newshound Guru Deepwoodz Question: “Don’t they have a deadline for these budget things by June 9th?” I think June 9th was slated as the end of their legislative session post extension. Time will tell as to the importance of it.

6-2-2024 Newshound Guru Jeff If you’re excited about the budget being approved Monday you’re an uninformed investor. What that means is the rate is not changing because budgets are calculated off the value of the currency whatever it is. The budget was calculated against the dinar at 1310…The next window of opportunity that the rate could change would have to be either midyear (September or October) or the next budget period of 2025. In order for them to do that they have to suspend that year’s budget monies and consider re-amending the budget.

6-2-2024 Newshound Guru Pimpy Article: “The document..The House of Representatives votes next Monday on the budget schedules” Finally after all this time. There was a huge delay.

6-2-2024 Newshound Guru Militia Man That vote [scheduled Monday 3:00pm Baghdad time vote on the 2024 budget tables] is prior to markets opening in the United States in New York. Will they vote? Will they do it? We’re going to find out.

6-2-2024 Intel Guru yada The value of the restored dinar will have more assets and less debt than most countries. To the extent it will be on the level of Dubai. To think the dinar will have 4x more value than the dollar is awesome.

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