These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Newshound Guru Pimpy :
The positive news keeps pouring in – that’s what we want to hear and see.
According to Newshound Guru Militia Man :
Can you please clarify the exchange rate crisis? The rate has been at 1310 since early 2023, but then they devalued it to 1460 and adjusted it by 10%. Can you explain why this adjustment is a positive sign and how it helped stave off inflation? Despite the challenges, there are some positive aspects to these changes, as revaluations are sometimes necessary to keep things in check.
According to Iraqi Dinar Intel Guru RayRen98 :
[via Babysmom] TURKEY DAY UPDATE: “Some currency regulator types are reporting to work later tonight, working the ‘holiday’ night shift, looking for something to happen before the sun rises. Time will tell.”
According to Intel Guru Frank26 :
When will this end? When will we receive our blessing? When will the new exchange rate be released? The likelihood of these events occurring has improved by 99% compared to any previous date.
According to Iraqi Dinar Newshound Guru Kaperoni :
If Iraq starts diversifying its economy, it can gradually withdraw some of the larger notes from circulation and increase the value of the currency to counter inflation. Over time, smaller notes can replace the larger ones as the currency appreciates. However, this process must happen gradually to reduce the money supply, which is currently over 90 trillion.
According to Intel Guru MarkZ :
According to PDK, as of this morning, none of their redemption center contacts have been called in yet. However, they are on call for the day, and they are being closely monitored, which is unusual for a holiday weekend.
According to Iraqi Dinar Newshound Guru Pimpy :
Every decision made regarding the Iraqi dinar has a significant impact on the country’s economy. Before deciding whether to devalue or increase the value of the currency, policymakers must carefully consider its effects on the economy. Since Iraq mostly relies on imports, an increase in the value of the Iraqi dinar would make imported goods more affordable, which would be a boon for the country’s economy. Furthermore, Iraq is still in the process of rebuilding, and an increase in the exchange rate value would provide a much-needed boost. It would give the country more purchasing power, making imports more affordable and helping Iraq to progress further.
According to Newshound Guru Militia Man :
The article quotes that many countries across the world have expressed a desire to participate in Iraq’s Development Road Project since it will provide a cost-effective and efficient way of transporting goods between Asia and Europe. Given the project’s potential to become a major global hub, it seems illogical to think that Iraq cannot revalue its currency. In fact, it is quite likely to happen given the news and the project’s significance.
According to Iraqi Dinar Guru Nader From The Mid East :
It has been three days since I’ve been trying to access the CBI website but it has been unavailable intermittently. I am uncertain whether the website has been hacked or they are performing updates. Yesterday, I encountered multiple errors and today, the website is completely blank.
According to Intel Guru Frank26 :
A recent report from Iraq shows a new video that lasts for 10 minutes, which is being broadcasted every day this week. The video is dedicated to keeping the Iraqi citizens informed about the changes in the banks’ new monetary system reform. It will provide daily updates on the new financial news. According to Frank, the video will be shown every day during the financial report of Iraq Channel One, and they will talk more about monetary reform. This is in line with what they previously promised, and it’s a great initiative to keep the citizens informed.
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
According to our sources, the U.S. Treasury Department is the reason behind the delay in reinstating the currency. The CBI has informed us that January is the most appropriate time to reinstate it, as it coincides with the start of their new fiscal year. We urge you to be patient, as we expect the reinstatement to take place in January 2024. This is great news indeed! Finally!!! [Post 3 of 3]
According to Newshound/Intel Guru Mnt Goat :
It has been reported that since January, Iraq has been undertaking a massive “de-dollarization” program, which was supposed to take six years but they have decided to complete it in just one year, by 2023. The question is, why the rush? It is worth noting that the value of the Iraqi Dinar (IQD) without any further economic development is more than what it was in the pre-1991 era, which was $3.22. However, it is still valued at just 1/6 of a penny. It is also worth mentioning that Iraq now pumps 2/3 more oil than it did in the pre-1991 era and has announced 132+ tons of gold reserves. This year, Iraq is pushing harder than ever before for the passing of the Oil and Gas law. The question is, why now? [Post 2 of 3….stay tuned]
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
As investors in the IQD, we are eager to know how long we have to wait until Iraq is allowed to liberate its own currency. The question arises, why not now? It’s been confirmed that Iraq is completely out of Chapter VII sanctions since December 2022, so why not treat them accordingly? We are aware that Iraq desires the release of its funds (nearly USD 115+ billion) from the NY banks and have plans to manage them as they see fit. Furthermore, we know that Iraq is currently making agreements for currency swaps and will no longer use the US dollar in Iraq after January 1st, 2024. The country is planning on investing its reserves in more Sovereign Funds, which is a positive sign for investors. [Post 1 of 3….stay tuned]
