Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (01-04-2024)

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These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion

According to Newshound Guru Pimpy :

Community Comment: “Only individuals living abroad are able to exchange, not the Iraqi people who live there.” This is what would transpire. The people in Iraq would have far more purchasing power even though we would convert our dinars to the new exchange rate.

According to Iraqi Dinar Guru Nader From The Mid East :

I get a lot of emails from folks concerning 2026. It is unlikely that they will wait until 2026. I don’t think the person who gave you this explanation misread it.It will move quickly if it begins to float. All we have to do is float it.Things would move quickly if they followed their word and removed the dollar from the marketplace and the streets.Although I agree with them that it will increase gradually, it won’t take two or three years to achieve one to one.

According to Intel Guru Angel1 :

They may also add value at the moment when they trade their bigs for their smalls. This is another method they might accomplish it. Thus, it’s not simply a re-denomination; it’s also a simultaneous reinstatement. Then, according to IMF law, they have 72 hours to display it globally. They can maintain something in the nation for a little bit longer than the 72 hours if they re-denomination occurs without changing the value. [Page 2 of 2]

According to Iraqi Dinar Intel Guru Angel1 :

One way that a country can restructure its currency is by doing a re-denomination. In a re-denomination, a new set of currency with smaller denominations is introduced, while the value of the currency remains the same. For example, a 25,000 note can be exchanged for a 25 note. During this process, a certain time frame is given, usually 10 to 20 days, when people can exchange their larger notes for smaller ones. After the exchange period, the prices in the market change and the currency becomes international. This is known as a re-denomination or a LOP (Lowest Order Preference).[Post 1 of 2….stay tuned]

According to Newshound Guru Sandy Ingram :

The Iraqi dinar, along with the Vietnamese dong, are considered exotic currencies and are not yet available on the Forex market. Currencies are typically traded in pairs on the Forex market, with three main categories: majors, minors, and exotics. The more liquid an asset, the easier and more efficient it is to convert it back into cash. Major currency pairs have the highest trading volume, while exotic currencies are rarely traded. Due to the lack of technical analysis or data available to support trading decisions for exotic currencies, they are considered more risky to trade.

According to Iraqi Dinar Intel Guru MarkZ :

Several banking contacts have been saying to “stay calm- it’s coming”. Iraq says it will push forward with its economic reforms in January. Let’s wait and see.

According to Newshound/Intel Guru Walkingstick :

The closer we get to this monetary reform, much more will be revealed. So much is already being revealed and put in print, but as we get closer, you will see much more.

According to Iraqi Dinar Newshound Guru Pimpy :

“Could you provide more information about the deletion of the zeros for those of us who are still unclear about it?” Some people get annoyed when others mention an article that talks about the deletion of three zeros. It is important to pay attention to the wording in the article, which only specifies the removal of three zeros from the currency’s banknote. The article does not mention anything about the exchange rate. This means that the banknote will have fewer zeros, but the exchange rate may remain the same or change. It is not a complicated concept. However, the worst case scenario would be if they removed the zeros and then changed the exchange rate afterward. Although it is not certain that they will do this, it is still a possibility. It is more likely that they will change the exchange rate gradually over time.

According to Intel/Newshound Gurus MarkZ & Militia Man :

Question: What would happen if Iraq printed new notes and the dinars we currently hold became invalid? MarkZ responded that such an action would not be accepted by the international community. It would require a closed economy, like North Korea, to do that. It cannot be done to the international world. Militia Man explained that the people behind this issue are the WTO, IMF, World Bank, BIS, Federal Reserve Bank, and various countries like the US, Canada, and the UK that hold dinars in their foreign reserves. Iraq cannot simply say, “Sorry guys, we aren’t paying you.” This is because we are talking trillions here. For instance, the US embassy in Iraq is one of the largest in the world, and one of our presidents said that we will get paid back for this. Big things are being planned by Iraq over the next few months, and they need an exchange rate to match. Sudani has been moving rapidly to get this done.

According to Iraqi Dinar Intel Guru Frank26 :

Regarding the question of whether the war in the Middle East will negatively affect the rate and float, in my opinion, the war is mainly affecting the relationships between countries in the region. As far as it concerns the monetary reform of the Iraqi dinar, it is like a sealed envelope, figuratively speaking, and has nothing to do with the war. However, once that envelope is opened, it could potentially have a cause and effect on the float in the basket, since the countries in those baskets could be affected. Nevertheless, I do not think it will have a negative impact. In fact, war tends to speed things up.