Iraqi Dinar Guru Update (07-25-2023)

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These are some Iraqi Dinar Guru Updates, Opinions, and News By Dinar Opinions

According to Iraqi Dinar Intel Guru Frank26  :

Around two weeks ago, the focus was solely on IMF. Last week, it was all about the government of Iraq. And now, this week, the spotlight is on the CBI. The CBI took the microphone and declared, “Get out of our way!” But who are they referring to? Essentially, themselves. The CBI is responsible for monetary reform and the GOI will receive the new exchange rate. Alaq, the governor of the CBI and Sudani, the PM of Iraq, are leading the charge and making it clear that they will not tolerate any interference. The main source of opposition comes from Iran, whose influence over the parliament in Iraq is evident.

According to Newshound Guru Clare  :

Article: On Monday, an economic expert named Abd al-Hasan al-Shammari issued a warning that Iraq may be subject to sanctions and revert back to Chapter VII due to banking violations of the Swift system. He emphasized the need for diversifying the country’s economy and trading with capitalist nations.

According to Iraqi Dinar Intel Guru MarkZ  :

[via PDK] Throughout the afternoon, I’ve been receiving numerous calls and messages regarding Chase Bank. There are rumors circulating about system issues, branch closures, and the addition of virtual branches. It’s all quite interesting as Chase Bank prepares for their new system. According to the official statement, they are downsizing banking due to the increasing number of people opting for electronic banking. This move towards automation is an attempt to reduce labor costs. However, some employees are sharing an unofficial story that suggests Chase Bank is preparing to cater to a new affluent clientele. They seem to be moving towards wealth management.

According to Newshound/Intel Guru Walkingstick  :

I think it’s important to consider all angles of the situation before coming to a conclusion. While it may seem like Iran is being stubborn by continuing to take advantage of Iraq’s resources, there could be other factors at play that are not immediately apparent. It’s always best to approach these types of issues with an open mind and a willingness to listen to all sides.

According to Iraqi Dinar Guru Nader From The Mid East  :

The United States government, Iraqi government, and the CBI are all able to provide assistance. However, the ultimate decision rests with the Treasury, Forex, and various international financial organizations such as the World Bank. The CBI can improve its performance and financial reserves to increase the value of the dinar. As Iraq continues to progress, the value of the dinar will also increase.  [Post 2 of 2]

According to Guru Nader From The Mid East  :

Since December 2021, the country has begun to rebuild its economy, private sector, and banking system. They are also addressing issues with the international system and the exchange rate between the dollar and the dinar. However, there are still some work left to be done. As I mentioned before, whoever caused the dinar to decrease in value will be the one to bring it back up. This responsibility does not rest solely on the Central Bank of Iraq or the governments of Iraq or the United States. Stay tuned for more updates. [Post 1 of 2]

According to Iraqi Dinar Intel Guru Frank26  :

Here is an on-the-ground report from Iraq. According to the CBI, banks are being advised to avoid using the US dollar. They can instead use the dinar or other international currencies, excluding the dollar, that are available outside of Iraq.

According to Newshound Guru Pimpy  :

Today’s focus in the news is on the exchange rate, particularly in relation to the Iraqi Dinar. The issue has been previously discussed and there were concerns about the potential impact of the deal between Iraq and Iran on US sanctions. Now, we are beginning to see the effects of the sanctions on the banks, which are impacting the exchange rate.

According to Iraqi Dinar Newshound Guru Militia Man  :

The parallel market has been causing issues, but steps are being taken to address them. The dollar and Dinar are currently being used in the country, despite regulations against multi-currency practices. While there are valid reasons for using the dollar, the Dinar is the official currency designated by the central bank and is mandated by law.

According to Iraqi Dinar Intel Guru MarkZ  :

There are currently widespread rumors circulating that suggest today will be a momentous day, with tomorrow promising to be equally remarkable. There has been a lot of talk about the 27th over the past few days, with some claiming that there is a considerable amount of money involved. However, I have yet to see any concrete evidence to support these claims. I have noticed that many people appear to be under non-disclosure agreements or are being silenced in some way, which is making me feel somewhat uneasy.

According to Intel Guru Frank26 :

According to the Central Bank of Iraq’s Board of Directors resolution, which the Council of Ministers authorized, the “parallel price” refers to the dollar’s exchange rate in markets and exchange offices rather than the official rate, which is 1132 dinars per dollar.
The CBI is currently aiming for that rate. They are stating that their official rate is 1132 to the entire world, the citizens, and you. Yet 1320 is what you see on the CBI website. Why? Mostly because they want to de-dollarize. Why? So that they can introduce new money, new value, and new exchange rate. Why? Because only by doing so will Iraq be able to defend itself from Iran, which steals its money.

According to Newshound/Intel Guru Mnt Goat  :

It has come to my attention that the Central Bank of Iraq recently issued instructions to licensed banks and non-bank financial institutions, prohibiting them from engaging in dollar transactions with 14 Iraqi banks. It is possible that continued illegal dollar transactions could lead to the closure of these banks by the CBI. This action could significantly contribute to the reduction and maintenance of the dollar’s value against the dinar. Addressing the banking sector in this way may be the final step necessary. Once the free market economy takes effect, diversification of banking practices to generate profits outside of currency exchange spreads will likely occur naturally. Additionally, the 3-year budget is now open, and funds are being distributed to districts for project development.

According to Iraqi Dinar Intel Guru MarkZ  :

[via PDK] A report from Iraq indicates that the issue of the rise of the dollar is once again a concern, with a parliamentary procedure upcoming. The dinar is currently listed at a parallel price of 1132 against the dollar, though this is not yet a trend. However, articles are consistently listing the rate in different ways, with the goal of reaching the parallel rate. This is seen as a step forward towards a major rate change, which has been repeatedly suggested as imminent. Regardless of how long it takes, this change is inevitable.