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.
6-11-2024 Intel Guru MarkZ [via PDK] Iraq had a good sit down meeting this weekend with the International Finance Corporation. They are on the world stage now. Everything is going really well in Iraq… There is still an excellent chance we will get to quietly go and exchange before the rate is published in the Gazette. They are certainly trying to keep it quiet…just like they did with Kuwait when they silenced communication out of Kuwait for over a week before the rest of the world got to know…. But I don’t think this could happen in today’s world and the internet.
6-11-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: I talked to my bank friend…He said when we do drop the zeros, we the citizens will have a certain number of days to return for new lower currency. This will be the 1 to 1. Not 1 dollar for 1 dinar but 25k note for a 25 note. It will revalue in country above a dollar…We will probably see dinar in country just over $1. FRANK: Now do you see why they kept it at 1320? FIREFLY: The 1 to 1 will be dropping off the three zeros from our exchange rate, from our currency…a 25k note will be a 25 note…This is for inside of country, not outside of country.
6-11-2024 Newshound/Intel Guru Mnt Goat …the IMF is not going “lop” the Iraqi dinar. A “lop” is a tool the IMF uses to restart a currency from massive inflation. …We also have articles for Iraq telling us they WILL NOT lop the dinar. They do not have massive inflation and so this tool of a lop is not necessary. That is why they call it the “project to delete the zeros” and not a ”lop”.
6-10-2024 Newshound Guru Militia Man Article: “Iraq bids farewell to the list of high-risk countries” We already heard talk about them going from a black list to a gray list. Quote: “Iraq’s exit from the list of high risk countries that was officially announced by the international task force last week…This step will will also make Iraq a destination and a source of interest for major International Development and investment companies.” Iraq is on the runway and ready to go, take off.
6-10-2024 Intel Guru MarkZ [via PDK] Question: Did you hear from your Bond Contacts? MarkZ: I do have a couple more who were told to expect theirs tomorrow…they were told today that those appointments for tomorrow are still set…and the expectations are that they will complete this time. I find this very encouraging. If we see that – I believe we can then be excited…and all bets are off on timing. Question: How long after the bonds go will we go? MarkZ: Most of my sources believe we will go within 3 days. That is why I watch the historic bonds and am hopeful this time.
6-10-2024 Newshound Guru Jeff The budget is approved with the dinar valued at today’s Central Bank value, 1310…That’s not a rate change…What brings the rate change in is for the current budget approval to be overturned. That’s what you’re looking for, the court’s ruling to overturn the approval which welcomes a rate change.
6-10-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani’s making another speech…He said something very interesting. My cousin caught it…Something very interesting before, he said the dinar will be stronger than the dollar. FRANK: That’s right. Remember? How many times have they been saying that over and over. FIREFLY: However, in today’s talk he said to us Iraqi citizens the dinar is stronger than the dollar…
6-10-2024 Newshound Guru Pimpy Let’s go ahead and address a rumor that’s going around…the exchange rate is going to be $28 to 1…When I heard that I damn near fell out of my chair…There’s so many people kind of getting excited about…going is this real? You should ask yourself which currency out there currently is the most valuable? That’d be the Kuwaiti dinar…I don’t think it’s $3.22…You think it’s [the Iraqi dinar] is going to come out with an exchange rate of $28 to 1? Yikes.
6-10-2024 Intel Guru MarkZ [via PDK] I have a number of historic bond contacts apts. starting late this afternoon through Wednesday morning. They expect a 1% payment. There are a lot of expectations. Question: If Bond people get their 1% as rumored, how would you see it rolling out for us briefly hypothetically? MarkZ: If they get their 1% this means things are well underway and we should have a better idea on what to expect for the currency side. The news throughout the weekend remains positive. We are playing the “wait and see” game to see if those bond dollars start to move.
6-10-2024 Newshound Guru Clare Article: “Iraq bids farewell to the list of high-risk countries” Quote: “Observers and specialists in political affairs expressed their optimism about Iraq’s exit from the list of ‘high-risk countries’ that was officially announced by the International Task Force (FATF) last week, noting that the international declaration represents an important step in the correct path that the Sudanese government is taking in achieving reforms. Financial and economic along with political stability.”
6-10-2024 Newshound Guru Samson Article: “Including transfers and attracting investors.. The Supreme Judiciary determines the advantages of removing Iraq from the gray list” Quote: “The Supreme Judicial Council identified the advantages of removing Iraq from the list of high-risk countries…”
6-10-2024 Guru Nader From The Mid East Somebody says I said the exchange rate is going to change on the budget. I never said that. I never said the budget has an exchange rate. Never said. Somebody else though been telling you that, not me. I never said that. I will never say it cuz…I don’t know if the exchange rate is in the budget or not. I don’t know. I cannot tell you, no, it is not and I cannot say, yes, it is…I never said in the budget there’s a rate change. I don’t believe in that in the first place.
6-10-2024 Intel Guru MarkZ [via PDK] “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals” These are things to develop a very robust Iraq economy.
6-10-2024 Newshound Guru Militia Man You kind of need the IMF article VIII compliance and that’s what we’re waiting for which is a real effective exchange rate. I think these guys are about ready to expose that. I think al-Sudani…Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly…
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.
6-10-2024 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.
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