Iraqi Dinar Guru opinions 7-25-2023

Iraqi Dinar Guru opinions 7-25-2023

7-25-2023 Newshound/Intel Guru Mnt Goat On Thursday, the Central Bank of Iraq issued instructions to all licensed banks and non-bank financial institutions not to deal in dollars with 14 of the Iraqi banks. I can see that if these illegal dollar cash transactions continue the CBI will close down these banks. It’s coming and this will help tremendously in bringing down and keeping down the value of the dollar against the dinar. This may be the last step in the banking sector that needs to be addressed. The diversification of banking practices to make profits with products outside of currency exchange spreads, will come naturally once the free market economy kicks in. The 3 year budget is now open and the money is being dispersed to the districts for projects.

7-25-2023 Intel Guru MarkZ [via PDK] From Iraq: “The crisis of the rise of the dollar returns to the fore…and an upcoming parliamentary procedure” We are starting to see this number…this parallel price of 1132 for the dinar against the dollar. It is not trending there yet but is part of what they have been doing the last few days…They are doing this in articles all the time. They list the rate one way…then in the same article its listed another. The important part is they are trying to get to the parallel rate. I have been told repeatedly that when they do they are ready for the big rate change. At least this is progress…This thing is going to take however long it’s going to take whether we like it or not…It’s going to happen guys.

7-24-2023 Intel Guru Frank26 I said before they make a grand move there’s probably going to be about 3 more rate changes…It was 1460. Then it went to 1320. Then it went to 1300. It’s been at 1132…in 2nd set of books, behind closed doors, contracts, whatever you want to say. These exchange rates are being presented by the Central Bank of Iraq as official rates…1460 to 1320 to 1300 to 1132 – I wonder if the next rate change they show you will be 1100 or 1000 that I’m looking for.

7-24-2023 Newshound Guru Militia Man We’re waiting to see what happens and ultimately the goal is the 2023, 24, 25 budget. We’ve talked about is all about going to a market economy and …[Al-Sudani] confirms Article Quote: “The development Road Project will turn Iraq into a country that is open to the world”. Almost sounds like an announcement, ‘We’re going International.’ The prime minister says that. …when we see these things coming from the Prime Minister it’s massive.

7-24-2023 Newshound Guru Kaperoni World Trade Organization – If you’re going to buy and sell or import or export merchandise around the world you have to trade in your currency. That can’t happen unless your banking system is in compliance and other banks respect their ability to perform those transactions.

7-24-2023 Newshound Guru Sandy Ingram What is holding up the revalue? …Before the IMF will sign off or support a change in the currency’s value, Iraq needs more reliable income income streams outside of the oil industry.

7-24-2023 Intel Guru Frank26 Article: “A parliamentary committee is awaiting a meeting with the President of the Kurdistan Region regarding the oil and gas law, which the Sudanese insist on approving”. THE HCL EQUALS A NEW EXCHANGE RATE & EVERYTHING IS WAITING FOR THE NEW EXCHANGE RATE.

7-24-2023 Newshound Guru Militia Man The banks need to attract real capital. If they can’t do that they’re not going to be able to employ out into the new economic world. The Central bank is tightening up…There is a large difference between the official rate and what’s on the parallel market. It’s because the parallel market is illegal. They’re going to to curb it and it’s going to go away. I think the quickest way for them to do that is to change the value of their exchange rate and move forward into an international world market economy.

7-24-2023 Intel Guru MarkZ [via PDK] It was fairly quiet over the weekend. Finally got a message yesterday from a redemption contact that just said “working today” and nothing else. Are they preparing for us or just doing stuff for wealth management? I know in some locations they are setting things up after construction with cubicles…that I find interesting… I’m sure you guys have seen that all over the news, on facebook etc…that many banks are switching to more “wealth management” services.

7-24-2023 Newshound Guru Clare Article “The Baghdad and Erbil stock exchanges closed at a new high in dollar prices” Quote: “News agency reporter said that the dollar prices rose with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, to record 153,700 Iraqi dinars against 100 dollars, while the prices this morning were 151,650 dinars against 100 dollars.” [NOTE: The dinar number going UP in this instance is bad for dinar holders.]

7-24-2023 Newshound Guru Samson Article: “Baghdad The exchange rates of the dollar against the dinar rose to unprecedented levels for months…” The dollar is “losing its mind” and is accelerating upward. Customers of “banned banks” flock to the parallel market…

7-24-2023 Intel Guru Bruce [via WiserNow] …the funds that are moving for us…are in place at the banks. They did disseminate the funds from Treasury to have them available for us to go in for exchanges…our understanding is that everything, as far as we know is ready… rates are going up. We did get an update…and the rates are the least of your worries. Don’t worry about it. They’re gonna be fine…

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