These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion‘
According to Iraqi Dinar Newshound Guru Pimpy :
A member of the community commented, “The downside would be when you deduct taxes from it.” This refers to the fact that capital gains tax will likely apply when dealing with foreign currencies as an investment. It’s important to consult with a tax professional to determine the specific tax implications for your individual situation.
According to Intel Guru Frank26 :
“Please keep in mind that the receipt you receive is important in case of an audit. The receipt will determine whether you will be taxed at a rate of 40% or 20%. Please note that this is a taxable event and you will be required to pay taxes. If anyone tells you otherwise, please be cautious. It is important to consult with your tax professionals to determine the correct tax rate for your unique circumstances.”
According to Iraqi Dinar Newshound/Intel Guru Walkingstick :
Just because something isn’t seen, heard, or read doesn’t mean it hasn’t happened or is not happening.
According to Newshound Guru Militia Man :
“They have announced that they will stop using multiple currencies. When you go to the grocery store or pay your bills within the country, you will use the dinar as your currency. You won’t be using the dollar, yuan, yen, or any other currency. Only one currency will be used.”
According to Iraqi Dinar Intel Guru MarkZ :
According to a report via PDK, Iraq has expressed its desire to remove the US military from its soil, particularly after a militia leader was killed by the US military last week. This aligns with what Donald Trump had said in the past, which was that the US would exit Iraq as soon as they were paid for all their economic interests and investments in the country. This recent development could be seen as a positive sign for those waiting for the revaluation of the Iraqi Dinar. Iraq’s urgency to have the US military leave their country may indicate that the RV is imminent.
According to Newshound Guru Sandy Ingram :
Iraq is known to have abundant oil reserves that are yet to be extracted. It is estimated that there are millions of barrels of oil still underground. In 2023, Iraq successfully drilled and reclaimed more than 190 oil wells, which is an additional good news.
According to Iraqi Dinar Newshound Guru Pimpy :
No, there won’t be any appreciable shift in the Iraqi dinar. That just isn’t something I can see occurring very soon. They rely on oil far too much. Iraq is improving the situation for both its citizens and those who still hold onto Iraqi dinars in general. You cannot spend 95% of your money on oil. That nation, guess what, also crashes if oil prices drop. Clearly.
According to Newshound Guru Samson :
The Central Bank is set to release decisions in support of the Iraqi dinar.
According to Iraqi Dinar Intel Guru Frank26 :
[Iraq boots-on-the-ground report] Firefly mentioned that the Central Bank of Iraq (CBI) has announced that it has taken certain measures and decisions to support the Dinar and maintain its value against other currencies in the world. CBI has expressed its full support for the Dinar and stated that it will hold its own against other currencies, which will have a positive impact on its exchange rate. Frank expressed excitement about the deeper information being given regarding the monetary reform and how it will add value to the currency. He also mentioned that CBI has been using the phrase “in the coming days,” and he is looking forward to seeing what happens around January 15th.
According to Newshound/Intel Guru Mnt Goat :
“I have been informed that the Central Bank of Iraq (CBI) is keeping a close eye on the parallel exchange rate. It is expected that the parallel rate will decrease in early January and will be at least equal to the CBI’s “official” rate. Once this happens, the CBI will revalue the “official” rate to be much closer to 1000 and the parallel market will follow suit. This process may take some time, but my CBI contact has assured me that it will take weeks, not months to complete. Finally, with the opening and spending of the 2024 budget and currency swaps with neighboring countries for trade, the parallel market is expected to break and come to an end.”
According to Iraqi Dinar Intel Guru MarkZ :
I received a message stating that there are important meetings taking place worldwide concerning Iraq between the 12th and 19th of this month. According to the banking side, everything is already taken care of, and we should be able to witness the results soon. The only issue is that I am not sure what “soon” means anymore.
