Iraqi Dinar Guru Update (07-27-2023)

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

According to Iraqi Dinar Guru Newshound Guru Militia Man:

To eliminate the black market, the Federal Reserve is urging Iraq to take action. One solution is to increase the value of the dinar higher than that of the dollar, which would make it less appealing for illegal trading.

According to  Intel Guru MarkZ :

[via PDK] The statement “Deleting the 3 zero project” is misleading. The project is still under discussion and hasn’t been deleted yet. However, it doesn’t mean that the 3 zero notes will be taken off. Rather, the plan is to introduce lower denominations and phase out the need for 3 zero notes. This indicates that the currency is being revalued, which is a positive development. It’s good to see this news circulating again.

According to Iraqi Dinar Guru Nader From The Mid East:

There is speculation that the dinar may rise towards the end of this week or the beginning of next week. Some predict it could reach 1700, but it’s worth noting that the dinar has been decreasing in value globally. The Biden Administration is reportedly punishing Iraq due to their payment to Iran with US dollars, resulting in 14 banks being punished. If it weren’t for these circumstances, the rate may have already changed and potentially even reached 1000.

According to Intel Guru Frank26:

FIREFLY: There is talk on the streets about removing Alaq from his position at CBI as he is not fulfilling his duties as requested by parliament members. It is believed that Alaq is merely a figurehead who listens to the directives of the CBI board of directors and echoes their words.

According to Iraqi Dinar Intel Guru MarkZ:

[via PDK] I have been hearing a lot of talk about the situation on the Iraqi front. Apparently, there is a 72-hour deadline to address the changes in prices after yesterday’s protests. It seems to align with everything else I am hearing. Keep an eye on things from last night until Monday night.

According to Newshound Guru Militia Man:

Article: Many people doubted that the project to delete the zeros and the rise in the exchange rate would ever happen. However, recent headlines have confirmed that the project is still ongoing. It’s important to note that when they refer to the “deletion of the zeros”, they are not talking about removing three zeros from the currency notes themselves. Rather, they are referring to removing three zeros from the exchange rate. This is a significant distinction.

According to Iraqi Dinar Newshound Guru CANDYKISSES:

Article: On Thursday, a government insider disclosed that Baghdad and Erbil have signed an agreement committing to fully implement the provisions of the general budget law. The agreement also stipulates that the regional government will provide oil to the Federal Ministry of Oil.

According to Intel Guru Frank26:

According to the article, the printing of the 20,000 dinar category has been stopped due to the presence of a 25,000 dinar category. The authorities do not intend to introduce any new categories as they are currently working on a project to remove zeros. The goal is to collect more 25,000 dinar notes to eventually remove three zeros from the currency. This is seen as a positive development by the Central Bank of Iraq.

According to Iraqi Dinar Newshound Guru Clare:

According to an article, Ali Al-Alaq, the governor of the Central Bank, has stated that the recent increase in the exchange rate of the dollar is only temporary. Additionally, he has clarified that there is no indication from the American side to include new banks within the sanctions. However, he did confirm that the project to delete zeros from the currency is still ongoing.

According to Intel Guru Bruce:

According to WiserNow, it has been reported that the Iraqi dinar is currently trading at a higher rate. The redemption center screens are displaying significant and high rates which will be offered to us as well. Additionally, the dong’s value has also been increasing. A representative from the redemption center has informed us that notification for exchanges may begin on Thursday or possibly Friday.

According to Iraqi Dinar Intel Guru MarkZ:

I received a news update regarding Iraq through PDK. According to the news, bank owners and citizens are protesting against the decline of the Iraqi dinar after the US imposed a ban on Iraqi banks. There is speculation in Iraq that Al Sadr and Sudani are under immense pressure to resolve the issue quickly. Meanwhile, the US is reportedly losing its influence in Iraq, which has caused extreme pressure on them. There is a great push to act now, and some sources suggest that action might be taken within 48 hours. However, it’s not certain if this will happen as similar rumors have been heard before.