Iraqi Dinar Guru opinions 7-4-2023
Iraqi Dinar Guru opinions 7-4-2023
7-4-2023 Intel Guru Frank26 The budget is not officially open to the world just yet…Sudani is working on the inners, is working on the exchange rate…the program rate is not enough gas in the tank to get the $63 trillion worth of projects done. Absolutely not. There’s just no way possible.
7-4-2023 Intel Guru MarkZ [via PDK] From Iraq: “Parliamentary work-no increase in social benefit salaries and 600 thousand families will be included” What they are meaning is – in their budget they are going to increase the salaries for people on disability etc…so they haven’t increased the salaries yet but have added 600 thousand new families…this math does not work without a value change. We are watching as they are rolling out their new projects in Iraq and they are going to need the new rate.
7-4-2023 Newshound/Intel Guru Mnt Goat I am attempting to stay in close contact with the CBI during this revaluation process. …we still have not see any real news from the CBI (Ali Al-Alaq) itself on the project to delete the zeros. This project is pivotal in the revaluation and then the reinstatement…so why is the CBI staying so quite if they plan to reinstate the dinar anytime soon… I can’t figure out why the reinstatement has not already occurred. All the outward signs are way too obvious now. Is there still something to do? Since my contact in the CBI assured me the “green light” has been given a week ago why are we still sitting here? …My only guess is that maybe the CBI wants to revalue one more time…closer to 1000?
7-3-2023 Intel Guru Frank26 Question “We’re gonna see the 800 number soon Frank?” There is no 800 number…you want an 800 number? Take your credit cared, turn it around…there’s the 800 number for your bank. Call them when this thing happens and see what their rate is. Want a universal 800#? Call the U.S. Treasury…don’t do it now! Wait till it happens. But for there to be 1 number for every bank, every exchange institution, that’s an insanity even to consider.
7-3-2023 Newshound Guru Pimpy I agree it would be nice if they had a stronger currency. I think it’d be more helpful. They just don’t have the right things in place in order for them to jump up to a high exchange rate. That’s why I said you’re going to see them doing it in increments. It’s impossible for them to jump right into $3.22…All it takes is one small thing to happen within the oil market and it would totally collapse the entire economy.
7-3-2023 Newshound Guru Kaperoni We expect the dinar to rise gradually as a result of the success and growth of their economy as a result of the private sector investment and the increase in their own GDP Iraq would make the dinar the main currency in Iraq which they’re beginning to do. They need to continue this transition to the digital dinar…
7-3-2023 Newshound/Intel Guru Walkingstick [via Frank26] It is unlikely this budget is 65 trillion dinars. It’s more in the billions. We simply wait for the budget to show us a new exchange rate…it’s all in the accounting. They can change the rate at a moments notice just like that and they’re prepared to do it…if you don’t see a new exchange rate in the budget yet no worries. But the budget is impossible at a program rate. We know this for a fact.
7-3-2023 Newshound Guru Clare “Exchange companies are preparing for a major demonstration tomorrow, Monday ” Quote: “The owners of exchange companies announced that they will stage a demonstration on the third of July in front of the Central Bank gate on Al-Rasheed Street, to demand a change in the bank’s policy, which they described as wrong.”
7-3-2023 Newshound Guru Militia Man There’s some squabbling going on who’s going to control the Iraq exchange rate that’s been going on in the parallel market…they have to change some things because it hasn’t been quite working …What would cure the parallel market is obvious to everybody. It’s an exchange rate change. Something significantly stronger than the dollar would clear it up…They’ve said yesterday the situation has become more urgent to adopt new approaches that focus on blocking illegal channels and providing the facilities and flexibility required for legitimate currency trading markets.
7-3-2023 Intel Guru MarkZ …everyone is sitting at the ready…and the anticipation on the banking side as of yesterday they are still expecting some kind of announcement this week…they don’t know what that means as to when we go in…but, they have anticipation. We all hope it is accurate. …I think its highly “doable” and reasonable we see an announcement this week.
7-3-2023 Intel Guru Frank26 All of you that are going to exchange your dinars into American dollars, where are those dinars going? Into our U.S. Treasury. You think we can pay off the deficit? Yeah in a blink of an eye…
7-3-2023 Newshound Guru Pimpy In the 1930’s…You used to be able to get $4.86 for every Iraqi dinar you had. This continued on up until…1950’s. Then all of a sudden the value started to go down for decades. Once you got to about 1971…$2.80…Then it went back up…$3.22…Then in 1973…$3.39. This continued to about 1980…and has been in a steady decline ever since…
7-3-2023 Intel Guru yada Fear not! This currency will change because the demands of the budget will require it. It will not and can not operate successfully at 1300-1.
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