These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Iraqi Dinar Newshound Guru Militia Man :
It is not a rate move to print additional dinars to pay wages. More local money is being used against the same amount of money. Higher pricing and a weaker dinar are typically the results. Eliminating zeros does not make a nation wealthier. The new notes have the same value.It makes things easier to use, but it won’t strengthen the economy.The official rate that matches the actual economy is called a REER adjustment.”Adjustment” refers to correcting the mismatch.The Effective rate: Iraq’s commerce is not limited to the US. Turkey, China, the Gulf, Europe, Iran, and other countries are among its trading partners. These partners are weighted by trade share in the effective rate.
According to Guest Guru David :
Question: “You believe that the United States is exploiting Iraq [Dinar] as a test bed for other nations. Are you trying to say that? David: Indeed, including ours. That’s the objective. Next is Venezuela.
According to Iraqi Dinar Intel Guru Frank26 :
In order to have a 1 to 1 rate, the official rate and the illicit market must cooperate.It’s being worked on.
According to Newshound Guru Sandy Ingram :
The subject of altering Iraq’s currency and removing the zeros has finally been officially addressed by the governor of the Central Bank of Iraq.There seem to be two different topics under discussion. 1) The governor claims that the Central Bank of Iraq has the power to alter the currency. 2) The governor claims that removing the zeros would necessitate legislation from the Iraqi parliament.It implies that the central bank may be able to print, replace, or alter currency. However, parliament would need to become involved if Iraq truly wanted to proceed with eliminating the zeros.If a real legislative proposal addressing the removal of the zeros is ever presented, it may be a considerably bigger move than the conversations and declarations we have been listening to.
According to Iraqi Dinar Newshound Guru Reset Intelligence :
Iraq had to deal with the cleanup’s first bank run.Demanding their money back, depositors flocked to Al-Taif Islamic Bank in Baghdad. Reporters were informed by one woman that she had 220 million dinars, or around $168,000, locked inside. At the bank’s Basra branch, a second group of people gathered. Social media in Iraq referred to it as the beginning of a collapse.The state anticipated it. The Central Bank of Iraq released a written guaranty of the nation’s deposits the day before the throng arrived at the door.The only situation in which a currency operation cannot endure is a bank run. So let’s put the ministers and missiles away for a little today and see how Iraq dealt with its first one. [Post 2 of 2]
According to Newshound Guru Reset Intelligence :
Today, the [currency] operation underwent its initial stress test… A currency transition has a single vulnerability. Forget about the printing, the paperwork, and the parliament. The vulnerability lies in the moment each citizen chooses whether to approach a [bank] counter or to turn away from it… The [banking] infrastructure relies on millions of Iraqis willingly bringing their assets into a bank. A public that avoids banks will not enter them with their life savings. On Sunday, a few hundred Iraqis lined up to withdraw their funds, and the state’s response was already documented… a written guarantee… a named deposit insurer… When the actual announcement is made, all of Iraq will form a line outside a bank. This week served as a rehearsal for how the state manages a queue… [Post 1 of 2]
According to Iraqi Dinar Newshound Guru Stephen :
Article: “Central Bank Governor: As of today there are no international sanctions on the Iraqi banking sector” Could you state that the currency is traded and accepted internationally? Ding, ding, ding. This is a critical article.The background of the larger financial reform is now provided by an official CBI statement.This certifies that limitations and penalties have been removed. We have always needed to see Iraq start to function and act on a global scale on the international scene. This is really, really thrilling.
According to Newshound Guru tishwash :
The new information is consistent with earlier remarks made by Iraqi Communications Minister Mustafa Sanad, who stated in August that a decision to remove zeros and change the currency had been made at the political level and connected the action to releasing hoarded money and reintroducing it into the banking system and economic cycle.
According to Iraqi Dinar Intel Guru Bruce :
[via Wiser]The issue now is: Have we advanced to the point where the RV and exchanges will be finished by the end of September? I’m hearing that now. By the end of September, all swaps will be completed, redemption centers will be open and closed, and everything will be operational.
