Iraqi Dinar Guru opinions 7-14-2023

Iraqi Dinar Guru opinions 7-14-2023

7-14-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani on news saying Iraq is pursuing reforms in financial and banking sectors. FRANK: He is talking to you about the monetary reforms. That’s fantastic. Exactly what we told you – the monetary reform education to you.

7-14-2023 Newshound/Intel Guru Mnt Goat Article: “THE DOLLAR RATE WILL FALL AGAINST THE DINAR AFTER THE IMPLEMENTATION OF THE PROVISIONS OF THE FEDERAL GENERAL BUDGET” I also believe there are provisions in the budget for the project to delete the zeros and we will need the budget opened to get this work done and move ahead.

7-14-2023 Intel Guru MarkZ [via PDK] We heard a banking story yesterday From California – somebody went into a Wealth Management location where they were building separate private cubicles…the person straight up asked them if this was for the QFS. The bank manager knew all about the QFS and said “Yes, we will be doing currency things here” and they are expecting a lot of new, wealthy people. There was another similar story from Charlotte, NC and from Arizona – all in the last few days. Banks are getting outfitted and banks are being trained. To me this tells us how close we are.

7-13-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is telling us our population here in Iraq has swelled to 43 million. They’re talking about the mechanisms to help support the dinar and how to get away from the dollar. FRANK26: …You know what the mechanism is. To support the dinar, a program rate is not a mechanism. The program rate cannot support the dinar. And to get away from the dollar – so they can introduce the new mechanism, the new exchange rate.

7-13-2023 Intel Guru MarkZ [via PDK] Member Comment: [Guru] Walkingstick owns a bank in Iraq…said that big CBI meeting with the big three took place today or yesterday. They were given the timing of the release. Value, Note count and type of denominations. MarkZ Response: That would certainly explain why there is a sudden flurry and conversations over the last couple of hours…Rumors that “a dam has broken” in a good way… Contacts are giddy about the 15th through the 18th. So this news would make sense. I can’t say if its accurate or not but it would explain all the chatter that has suddenly erupted within a short time…

7-13-2023 Newshound Guru Enorrste Article Quote: “JP Morgan had previously handled the process of financial transactions for Iraqi trade with China…” Isn’t that amazing. China and the United States, two of the biggest trade people into entire plant, and Morgan has invested China to participate with America to go into Iraq. It doesn’t get bigger than that. That’s the two biggest traders in the world. Wow.

7-13-2023 Guru Nader From The Mid East Economy, Economy, economy, that’s what’s going to drive the dinar up.

7-13-2023 Newshound/Intel Guru Walkingstick That CBI meeting with the big three took place today [yesterday]…they were given the timing of the release, value, note count and type of denominations.

7-13-2023 Intel Guru yada Article quote: “…Through our follow-up with the Ministry of Finance, next Sunday, allocations to the governorates and ministries will be launched to implement the 2023 budget and send instructions for implementing the budget, its schedules, texts and agreed items…” The instructions, is another name for the Rates.

7-13-2023 Newshound Guru Militia Man The Iraqi Central Bank has many measures, packages as they put it, in place and have been in place to curb the illegal parallel market that everybody seems to talk about. The bottom line is if they adjust their exchange rate to be and exceed the US dollar that pretty much is going to go away.

7-13-2023 Intel Guru MarkZ [via PDK] We do know Iraq is moving forward and dotting all the I’s and crossing all the T’s and trying to get from under the US thumb so they can change their value of the IQD. I am hearing very positive stuff for Sunday…But, that doesn’t mean that is when it’s going to happen…but that’s when they plan on opening all the coffers from the budget. That is when most of my contacts think it could go.

7-13-2023 Newshound Guru Kaperoni [Follow up to yesterday’s Kaperoni community comment post below – 1300 IQD to $1 USD vs. 1 Jordanian dinar to $1.41 USD] Also want to remind you that Iraq has trillions of dinar in circulation vs Jordan who has millions. Big difference. Iraq could never afford to significantly raise the value without reducing the money supply.

7-13-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Breaking news Parliamentary Finance… FRANK: Parliament Finance? Boo! Okay what about them? FIREFLY: Says next Sunday they will start the allocations of the funds for the budget and instructions on certain projects. FRANK: 6 days they’re going to give you instructions on the budget? …the new exchange rate that is the instructions for all the projects that’s inside of that budget for the next 3 years…everything waits for the new exchange rate.

7-13-2023 Newshound Guru Clare Article: “Parliamentary Finance: The price of the dollar will decrease after the implementation of the budget” Quote: “The Iraqi dinar will gradually recover and decrease dramatically against the price of the dollar…He added, The exchange rate of the dollar in the parallel markets depends on the principle of supply and demand, and the start of implementation of the 2023 budget will mean the release of large sums of money that will lead to a greater increase in the purchase of the dollar.”

7-13-2023 Newshound/Intel Guru Mnt Goat Article: “AL-NUSIRI: IRAQ’S ACCESSION TO THE WORLD TRADE ORGANIZATION CONTRIBUTES TO THE DEVELOPMENT OF THE FINANCIAL AND BANKING SYSTEM” Quote: “one of the most important returns and benefit achieved by the financial and banking system in Iraq from Iraq’s accession to the full membership in the World Trade Organization is regularity in the global financial system…” come’on folks can it get any better than this?

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