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…
6-10-2024 Newshound/Intel Guru Mnt Goat Iraq…when ready, they will drop the three zeros and give the citizens so many days to turn them in the old three zero notes for exchange of the new lower currency denominations. This exchange will most likely be electronic. It will be a 1:1 exchange but not like many think…I DO NOT mean one dollar for one dinar. I mean, for instance, a 25k note for a new 25 note. This is the 1:1 the CBI has talked about many times. Yes, the dinar may revalue first in-country to just over a dollar, but this is still not what the CBI meant by 1:1 in the past…the VALUE of the dinar has always been there…only when they drop the three zeros it becomes more manageable and nominal. The VALUE is still the same.
6-10-2024 Newshound Guru Jeff At this time the budget is not published in the Gazette. The budget has not been implemented because it can’t be implemented until the court finishes their appeals on it.
6-9-2024 Intel Guru Frank26 You know the only reason why we don’t have the new exchange rate and the new lower notes yet is why? Because terrorism from Iran, the Iranian politicians inside of the GOI, inside of the CBI, steal the dinar for decades. Then all of a sudden here comes the Lone Ranger… Sudani.
6-9-2024 Newshound Guru Kaperoni It’s already stated Iraq plans to end the currency auctions by the end of 2024…In several articles…they also mentioned that Iraqi banks will have to establish banking relationships with the global and regional banking sector. This can only happen if Iraq accepts IMF Article VIII.
6-9-2024 Newshound/Intel Guru Walkingstick Question: “What is Phase Three?” The introduction of the new lower notes to the Iraqi citizens. Question: “Not to the banks?” That was done months ago.
6-9-2024 Newshound Guru Clare Question: “Wonder if the budget made it into the Gazette?” NO IT WAS NOT IN THE GAZETTE TODAY [Saturday].
6-9-2024 Newshound Guru Militia Man Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up. They’re going to have lots of different little things happen to them that are going to be painful. Anybody that’s holding the dollar when they change the exchange rate…those exchange companies, 197 banks that got tagged by the central bank…they’re going to have a painful experience because if you’re not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation… They’ve been warned. They’ve been open about stopping the dollar auctions in Iraq for this year…
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.
6-9-2024 Newshound/Intel Guru Mnt Goat The electronic systems are taking hold…This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros…a critical part of it…I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass…if you shrink down the monetary mass than what is left will be worth more.
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