These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Newshound Guru Pimpy :
We are hoping for a smoother election this time around, given the events of the last election. We don’t want to jinx it, but we’re optimistic.
According to Newshound Guru Militia Man :
In July, the Central Bank governor, Alaq, announced that the project to remove the zeros from the currency exchange rate is still ongoing.
According to Iraqi Dinar Intel Guru MarkZ :
According to a source via PDK, Iraq has informed us that there will be no budget deficit in 2024. The budget for next year will commence on January 1st. However, without a revalued currency, their deficit is expected to be over $100 billion dollars. Therefore, the only way they can avoid a budget deficit is by changing the value of their currency. This is significant news that is worth reporting. Additionally, Iraq has stated that they will be completely de-dollarized by January 1st, which means they are taking steps to move away from using the US dollar.
According to Newshound Guru Clare :
The government has started implementing the banking arrangements agreement with Turkey. The Central Bank has provided an initial payment of tens of millions of euros to cover imports from Turkey.
According to Iraqi Dinar Newshound/Intel Guru Walkingstick :
There is a meeting taking place in Dubai to finalize the exchange rate for the Iraqi Bank Friend Aki. They have the currency in position and are working on getting the exchange rate in position as well.
According to Intel Guru Frank26 :
You are now on the RD property, and you will shortly enter the float. These are the actions. Whether you realize it or not, this is the trip you have undertaken. The monetary reform is proceeding rather nicely.
According to Iraqi Dinar Newshound Guru Breitling :
In Iraq, the issue is not whether more dollars are entering the country, but rather whether the average citizens have access to them. This is the problem they are trying to address. They aim to reduce the use of the dollar so that the supply of the dinar increases in relation to its velocity.
According to Newshound Guru Pimpy :
“There are no 800 numbers, redemption centers, or pay stations for IQD. These are all false claims. IQD can be bought and sold just like any other currency. You can visit any currency exchange location to swap or buy currencies. International airports also have currency exchange centers. There are no special stations around the world specifically for IQD.”
According to Iraqi Dinar Newshound Guru Pimpy :
“I heard someone say that there are pay stations across the country where you can exchange your dinars. But I don’t think that’s true. Are pay stations the same as redemption centers? It doesn’t make sense to me. How do people deal with other international currencies? Why would Iraq be any different? After all, other currencies have been devalued and revalued in the past. I think all international currencies are exchanged in the same way.” [Post 1 or 2…stay tuned]
According to Intel Guru MarkZ :
Someone asked a question via PDK about how to maintain faith when every day feels the same. MarkZ responded by saying that the problem is that people are trying to predict the timing of a historic event. He explained that they are analyzing all the pieces and attempting to guess when it will happen. However, he emphasized that it is important to remember that the event is already in motion and that all the greatest economic voices are saying that it is coming. So, even though they have not yet crossed the finish line, it is not a never-ending cycle of repetition.
According to Iraqi Dinar Newshound Guru Militia Man:
the World Bank article mentions an interesting point that caught your attention: “…an expected influx of imports driven by the dinar revaluation and the significant increase in government expenditures…” If we think about it, when citizens have more purchasing power, they tend to spend more on various things like buying a new car, carpets, painting their house, or building an addition to their home. This leads to an increase in imports. The World Bank expects this influx of imports due to the dinar revaluation.
According to intel Guru Frank26 :
I can help you rewrite the text you provided to make it clearer. Here’s the revised version:”Iraq boots-on-the-ground report: Firefly mentioned that the TV news reported that the country is moving towards monetary sovereignty. Frank explained that this is because they are planning to introduce a new national currency that will replace the current 3-zero notes, which are worthless, as well as the American dollar. He emphasized that this is not a secret and everything is out in the open.”
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
I was informed by a contact from the CBI that the rate of the Iraqi Dinar is going to increase soon and not decrease. This means that the value of the Dinar will go up. As an investor, I was told that I will be pleased with the final rate. The contact emphasized that there will be an in-country rate (close to USD 1 to IQD 1) during the swap-out of the three zero notes in Iraq. Later, a new rate will be established once the Dinar is liberated back to the foreign currency exchanges and re-pegged. At this point, the in-country rate will no longer be valid. It was made clear to me that there will never be two rates. This is the process that will be followed. When the in-country rate is released, there will be little we can do as investors to exchange our dinars. Our turn-out will come later if we choose to give up our dinars.
