Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 6-21-2024

Iraqi Dinar Guru opinions 6-21-2024

6-21-2024 Intel Guru Frank26 $3.22 is the actual reinstatement…They’re not going to reinstate it…but it would be enough to launch it into the float, let the float take care of it. The float will take it up to…$3.86…$4.25…$4.72. Inflation is the reason why they have been doing this RV that’s leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested… Read more…

Iraqi Dinar Guru opinions 6-20-2024

Iraqi Dinar Guru opinions 6-20-2024

6-20-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
My bank guy said…Sudani…sent Alaq out in February…to announce to everybody that we were going to have a change in our exchange rate. Then Sudani comes out and talks to us about it as well…in March…considering a change in our currency to 1.32 from 1320. Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. FRANK: They keep the exchange rate at 1320 to give you more purchasing power…They are about to give this power to you. Read more…

Iraqi Dinar Guru opinions 6-19-2024

Iraqi Dinar Guru opinions 6-19-2024

6-19-2024 Newshound Guru Clare Article: “Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?” Quote: “Iraq’s budget for the current year 2024 allocated an amount of up to 4.9 billion dollars to establish a pipeline extending from Basra in the far south of Iraq on the waters of the Gulf, to the city of Haditha, located in the far west of Iraq within the Anbar Governorate” Read more…

Iraqi Dinar Guru opinions 6-18-2024

Iraqi Dinar Guru opinions 6-18-2024

6-18-2024 Newshound Guru Militia Man All we’re looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts – was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don’t. But we know our time is short…Once the amendments are passed into law, we’d like to think that prior to that they’re going to expose the new real effective exchange rate and probably mention they’ve done the project to delete the zeros which get you the nominal effective exchange rate. Read more…

Are the reserves of the Central Bank of Iraq in danger?

Are the reserves of the Central Bank of Iraq in danger?

2024-06-18 06:34

Experts’ statements revealed a decline in the value of the foreign reserves of the Central Bank of Iraq by 2.4%, while gold reserves increased by 16%.

Monetary reserves of foreign currencies are an extremely important issue for the economies of any country to confront Read more…

Iraqi Dinar Guru opinions 6-17-2024

Iraqi Dinar Guru opinions 6-17-2024

6-17-2024 Newshound/Intel Guru Walkingstick When they load or if they have loaded them up [new ATMs], the note count has already been determined. The note count for each individual machine has already been accounted for…These machines will be the state of the art…State of the art has nothing to do with a program rate. If it was they would have had the state-or-the-art with the program rate for the last 20 years…The CBI is desperately trying to put out the least amount of currency at the onset before they release the new exchange rate. Because once they do this, if needed, they will be able to add to this note count as the value is needed. Read more…

Iraqi Dinar Guru opinions 6-16-2024

Iraqi Dinar Guru opinions 6-16-2024

6-16-2024 Guru Nader From The Mid East Article: “Iraq Bulks Up Gold Reserves, Inch Up World Rankings” Quote: “Their holdings have grown to 145.7 tons, a bump of over 3 tons compared to 142.6 tons the previous month. This increase…is enough to nudge Iraq one spot higher in the WGC’s global ranking, landing them 31st place out of 100 countries.” Read more…

Iraqi Dinar Guru opinions 6-15-2024

Iraqi Dinar Guru opinions 6-15-2024

6-15-2024 Intel Guru Frank26 They went on televisions and they’re showing us…Rafadin Bank…brought in all of this equipment…It’s in these crates. They’re telling us they are deploying the latest ATM machines in all banks today. They said the next step they would follow up with are the commercial areas…They also said they’re going to release all of these ATM machines in malls and many other locations. They’re saying these ATM machines have the latest technology and are state of the art. FRANK: These ATM machines have the new software…for the lower notes and that’s why the CBI is positioning them for you right now. Read more…

Iraqi Dinar Guru opinions 6-14-2024

Iraqi Dinar Guru opinions 6-14-2024

6-14-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They told us…due to typo errors in the printing of the budget it will be reaudited and sent back to gazette…after EID holiday…All sound little fishy to us…An Iranian proxy saying budget is under appeal but we see nothing official of that…We trust it is going to be in gazette after EID holiday… FRANK: They know what you are about to receive – your purchasing power. They know it’s going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing… Read more…

Iraqi Dinar/US Dollar auction results for today 6-13-2024

Iraqi Dinar/US Dollar auction results for today 6-13-2024

Results of the foreign currency selling window for Thursday 6/13/2024
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Iraqi Dinar Guru opinions 6-12-2024

Iraqi Dinar Guru opinions 6-12-2024

6-12-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament is saying we’re going to pass the investment law. You’re going to see it very soon… Read more…

Iraqi Dinar/US Dollar auction results for today 6-12-2024

Iraqi Dinar/US Dollar auction results for today 6-12-2024

Results of the foreign currency selling window for Wednesday 6/12/2024
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Iraqi Dinar Guru opinions 6-11-2024

Iraqi Dinar Guru opinions 6-11-2024

6-11-2024 Newshound Guru Jeff You don’t want the budget to be approved because if it’s approved, it’s approved with dinar at today’s Central Bank value, 1310. What you want is the court to overturn the approval. Read more…

Iraqi Dinar/US Dollar auction results for today 6-11-2024

Iraqi Dinar/US Dollar auction results for today 6-11-2024

Results of the foreign currency selling window for Tuesday 6/11/2024
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Iraqi Dinar Guru opinions 6-10-2024

Iraqi Dinar Guru opinions 6-10-2024

6-10-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: We don’t see the budget in the Gazette. We have not had a single word from parliament…Parliament said it was to be sent to be published in the Gazette… Read more…

Iraqi Dinar/US Dollar auction results for today 6-10-2024

Iraqi Dinar/US Dollar auction results for today 6-10-2024

Results of the foreign currency selling window for Monday 6/10/2024
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Iraqi Dinar Guru opinions 6-9-2024

Iraqi Dinar Guru opinions 6-9-2024

6-9-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq said Iraq returning to the glory days and it will surpass those days. FRANK: This caught me off guard. They’re talking to them a lot. We told you they would…They’re releasing the videos, we told you they would. Alaq is telling the people, look I got a mechanism, you know what it is, it’s a new exchange rate… ‘Iraq is returning to the glory day…and will surpass those glory days.’ I told you, you would never see 1 to 1. There’s a reason they kept it at 1310 and they’re going to return back to the glory days which was $3.22 because this is an RI, reinstatement…IMO this is happening. Read more…

Iraqi Dinar/US Dollar auction results for today 6-9-2024

Iraqi Dinar/US Dollar auction results for today 6-9-2024

Results of the foreign currency selling window for Sunday 6/9/2024
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Iraqi Dinar Guru opinions 6-8-2024

Iraqi Dinar Guru opinions 6-8-2024

6-8-2024 Intel Guru Frank26 The third phase of the monetary reform is being introduced…There are 7 parts to Phase 3… Article: “They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform” Quote: “…include the ability to issue medium and long-term securities… increase gold reserves and offer new issuance of high quality currency.” It doesn’t get any better than that… Read more…

An expert identifies weaknesses and the budget deficit gap

An expert identifies weaknesses and the budget deficit gap

06/08/2024

Today, Saturday, the economic expert, Nabil Al-Marsoumi, identified the weak points and the deficit gap in the 2024 budget.

Al-Marsoumi said {to Al-Furat News} that: “We do not expect that the instructions for the 2024 budget schedules will take time to implement, especially since Read more…