Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (01-05-2024)

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

According to Iraqi Dinar Intel Guru Frank26 :

The dollar exchange rate is falling like an anvil in the midst of the Pacific Ocean. (Source: “Dollar exchange rates in local markets recorded a decline today…this list”).

According to Newshound Guru Pimpy :

The article title reads, “Central Bank: Non-oil deficit exceeds 80% and poses a threat to the financial situation of the state”. The situation seems alarming. It highlights the importance of developing and enhancing the non-oil sector of the economy so that the country is not solely reliant on oil.

According to Iraqi Dinar Intel Guru Bruce :

According to a message from WiserNow, the bank screens are now displaying solid rates on the front and back screens, however, the front screens are still flashing intermittently. It is believed that once the front screens stop flashing and display solid rates, it will be the signal to proceed. The redemption center screens are also showing solid rates on the back screen. It is speculated that the green light will be given once the Treasury confirms the rates, until then the front screens will keep flashing.

According to Intel Guru MarkZ :

“I read an article today in which the Central Bank of Iraq announced that they have implemented measures and decisions to support the Dinar. This is aimed at maintaining its strength against other currencies and measures that may affect the exchange rate. In my opinion, it seems that the Iraqi citizens are being encouraged to use the Dinar instead of the US dollar before a revaluation takes place. This will benefit them greatly once the revaluation occurs. Additionally, this move is a part of the de-dollarization process and will strengthen the Dinar. In my view, this is a significant development.”

According to Iraqi Dinar Newshound Guru Kaperoni :

If the Central Bank of Iraq decides to increase the value of the Iraqi dinar, it is likely to happen gradually, based on the success and growth of Iraq’s own economy, as well as an increase in GDP.

According to Newshound Guru Sandy Ingram :

What would it take for the US dollar to lose value in relation to the Iraqi dinar? Stability and economic growth hold the key to the solution. The Development Road Project seeks to increase economic development, attract foreign investment, and improve infrastructure in order to increase Iraq’s GDP.The dinar’s story can only get more compelling with the correct actions and further expansion.

According to Iraqi Dinar Newshound Guru Militia Man :

The wider introduction of the budget will cause the dollar exchange rate to normalize.

According to Intel/Newshound Gurus MarkZ & Militia Man :

MarkZ: Without a better exchange rate, they have no future… Man in Militia: If their Real Effective Exchange Rate, or REER, is based on actual values, thenit will be great in terms of oil, natural gas, borders, tourism, taxes, and tariffs.and they are focusing on it. As we watch it all come together, I believe that everyone should be thrilled. Everybody should be certain that the things they have put in are paying off. That is what I think—everything is very good.

According to Iraqi Dinar Intel Guru Frank26 :

We are in the stage of waiting. only at the waiting stage. That’s it. There isn’t; there are tasks that must be completed, like crossing out a T and dotting an I. No. We are in the stage of waiting.

According to Newshound/Intel Guru Walkingstick :

All the systems required for the monetary reform have been set up, but they are not yet linked. The uplink is not activated yet. The Central Bank of Iraq (CBI) informed the banks many months ago that they should be ready by January 1, 2024, as all the banking systems would be in place before that year. At present, the authorities are informing the citizens about the next steps of the monetary reform. Once the lower denominations are announced, the exchange process inside Iraq will accelerate even more rapidly, through a float. The citizens are eager for this movement to occur as they want to have more purchasing power.

According to Iraqi Dinar Newshound Guru Pimpy :

Exchange rate of 12 to 1. Nobody was talking about it. I presented an article—theirs, not mine—that stated they were thinking about the 12 to 1 exchange rate, but they wouldn’t think about it until…2026. I did not fabricate it. Just bringing this up in an article, really.Between now and 2026, I think they will increase gradually. That’s precisely what I think.

According to Intel Guru Bruce :

[via WiserNow]…Iraq has already begun exchanging goods at its new currency rate. They were informed that the US dollar, or fiat money, will cease to exist on January 1st. They urge them to switch entirely to the new, lesser denominations of the Iraqi dinar, which are found in the ATMs, as it is no longer functional and has vanished. They are in Iraqi stores and banks. They are in the stores and companies.

According to Iraqi Dinar Intel Guru MarkZ :

[via PDK] Is it true that Iraq cannot build its RV only on oil? What goods did Iraq export under Saddam when the dinar was worth $3.48, besides oil? MarkZ: When their dinar was the highest in the world, their economy was significantly less diverse and weaker than it is today. They used to burn up their natural gas, but these days it’s a very valuable resource. Furthermore, the earth contains valuable and uncommon minerals. and the tourism sector, which includes trips to all the historical places. They were formerly the region’s breadbasket and are situated between several of the biggest rivers. They are substantially better off now than they were when their currency increased dramatically.