Iraqi Dinar Guru opinions 9-26-2023
Iraqi Dinar Guru opinions 9-26-2023
9-26-2023 Newshound Guru Sandy Ingram Major news coming out of Iraq. Article: “Iraq to restrict all internal trade to dinars form next year” This move aims to help control the black market exchange rate. The policy will stop transactions from being conducted in U.S. dollars was announced following a meeting between the central bank governor and representatives of private banks…the US Federal Reserve has agreed to this change…These actions are seen as a positive step in building up the strength of the Iraqi dinar…
9-26-2023 Newshound Guru Pimpy Article: “Central Bank of Iraq approves new system for external transfer” They’re turning more and more to the Iraqi dinar for use than the US dollar which is exactly what you want. This will definitely strengthen the Iraqi dinar and as it becomes stronger, the value in the exchange between US dollar and Iraqi dinar will strengthen – They will have more value. We will see an increase in the exchange for the Iraqi dinar.
9-26-2023 Newshound Guru butterfly Article: “Iraq: New law allows foreign companies to own oil output” Quote: “As a founding member of OPEC, Iraq possesses approximately 145 billion barrels of recoverable crude deposits, making it one of the world’s largest oil reserves. With this new law, Iraq seeks to leverage its oil wealth to attract foreign investment and enhance the development of its oil and gas industry, potentially transforming its economic landscape for years to come.”
9-26-2023 Intel Guru MarkZ [via PDK] Question: What about the oil for dinar program…Is that still happening? MarkZ Answer: I am told that is still happening. That is how we should get more than the street rate.
9-25-2023 Newshound Guru Pimpy After the past week we’re seeing a lot of things happening fairly quick over there in Iraq…You guys want to know if I’m excited about what’s going on? Of course I am. Is it good news? Of course it is. But what do I always say? Stay grounded because when it comes to Iraq they have a habit of doing a lot of great things and doing something that screws it all up. But this time around I’m more optimistic than I am pessimistic.
9-25-2023 Newshound Guru Militia Man Article: “The invitation to the organization to attend the introductory symposium on Iraq’s entry into the World Trade Organization which is being held on 4th of October” The showcasing of them having had an international exchange rate has got to be coming because the WTO is not going to allow IMO ascension to the WTO without having a valuation of their country…
9-25-2023 Newshound Guru Jeff You might want to go see what day of the month Kuwait reinstated the value of their currency because history is about to repeat itself between Iraq and Kuwait…they’re going to revalue on the same day of the month that Kuwait did.
9-25-2023 Intel Guru MarkZ [via PDK] “Iraqi Central Bank to restrict internal trades to Dinar” From Bloomberg…. They are de-dollarizing. Payments in dinar only …they cannot do that and handle trades without the dinar having a more meaningful value and is international…also they are expected to formally announce this on October 4th. There is a lot happening on Oct 4th. To me this means they need a new value by October 4th. I am hearing they really do expect that dinar rate change by Oct. 4th.
9-25-2023 Newshound Guru Pimpy The reverse of the Authorization for Military use that can actually be done by next week. I’m looking forward to that because I’m curious to see how that’s going to work out, how that affects the sanctions that are against the currency of Iraq. Because if we can get those reversed that’s going to be a major step for Iraq and Iraqi dinar…
9-25-2023 Newshound/Intel Guru Walkingstick The tender that put Kurdistan and Erbil, the last remaining banks that are outside the reform process, inline… The tender for the currency and coins has been met per request, meaning the needed currency and coins, the count and the value, for the release of the new exchange rate has been fulfilled.
9-25-2023 Intel Guru Suzie I would like to think this “Jolly Farm’s” ride is about to come to an end soon. With all the meetings with the UST, WTO, AMF, travels back and forth between countries, contracts being signed, countries pouring in to do business, Iraq to be the leader in the middle east and so on and so forth, this cannot drag out…I’m personally looking for this soon, not months down the road, as international business, if all true, won’t stand for it.
9-25-2023 Guru Nader From The Mid East The HCL they start payment tomorrow and it goes all the way to 28th to 8th of October for 10 days. They’re gonna pay people.
9-25-2023 Intel Guru MarkZ [via PDK] There are a number of articles and comments that we are to expect some kind of announcement out of Iraq on Tuesday…on how they plan to handle the exchange rate. Perhaps this means they are still fighting the rate in the parallel market…or perhaps it is our full blown revaluation. But we are expecting some kind of announcement on the value of the Iraqi dinar to the US dollar.
9-25-2023 Newshound Guru Militia Man Al-Sudani came home from the United States of America. He showcased his presentation. He did it very very well, professionally, turns out people felt he was a statesman all around the world. When it comes down to it are you going to do a tripartite budget at 1310? The answer is probably 100% IMO no…
9-25-2023 Newshound Guru Pimpy Al-Sudani wraps up his visit with the United Nations General Assembly…He was supposed to meet with Biden but my understand is that they did not meet but he did speak with a couple of his staff members. I’m sure by now he must have some kind of idea how this [Thursday’s] vote’s gonna go…on whether or not they reverse the authorization of military use over there in Baghdad. I’m wondering if there was any kind of stipulations or agreements that were made one way or the other but next week we’re going to find out.
9-25-2023 Intel Guru yada Article: “Al-Sudani listens to a comprehensive presentation on the steps for implementing the unified treasury account” Article Quote: “Prime Minister Muhammad Shia Al-Sudani confirmed today, Sunday (September 24, 2023), during a special meeting to follow up on the implementation of the unified treasury account and electronic payment that these steps are among the most important financial, banking and economic reform measures in Iraq.” A follow up “on the implementation”…The Unifird Treasury Account is the account where all the money is stored and the electronic payment is the tool they are using their banking. Stuffs taking place folks…
9-25-2023 Intel Guru MarkZ [via PDK] “Iraq to reopen embassy in Vietnam”. This is good news and showing their ties. Vietnam and Iraq are both major trading partners and of course we expect both currencies to revalue at the same time…Reopening embassies is important… If Iraq is going to be international player…they are going to need an “International Currency”…