These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Newshound Guru Pimpy :
“I think it is incorrect to tell people that the new budget cannot pass with the current exchange rate. Iraq has been working on various development projects for the past 23 years, including the construction of the new Central Bank of Iraq building which cost tens of millions of dollars. They did not have to wait for a new exchange rate to complete this project since it was already taken into account when calculating the budget. Similarly, the new highways, dams, and other infrastructure projects have also been completed despite the poor exchange rate. It is important to keep this in mind and not mislead people with such statements.”
According to Iraqi Dinar Newshound Guru Militia Man :
It’s important that we take this matter seriously and go beyond just acknowledging that it was supposed to happen yesterday. All the information we have is factual and verifiable, and we closely follow it. It’s not just news but actual documents that can be obtained from credible sources such as the World Trade Organization, the United States Treasury, the IMF, and the Middle East Institute. By examining this data, we can see that what we’re discussing has strong support and is not just a baseless claim.
According to Intel Guru Frank26 :
Time seems to fly by quickly, even when we are not enjoying ourselves. Some people may argue that things are taking too long, especially when waiting for a blessing or a positive outcome. However, we should be grateful for the opportunity to invest our time and effort into something meaningful. Regardless of how long it takes, we should appreciate that we have the chance to be involved in it.
According to Iraqi Dinar Newshound Guru Samson :
Article: “Sudanese participate in the World Economic Forum in Davos, Switzerland.”
According to Newshound Guru Paulette :
Saleh informed us early last year that they needed to bring the parallel market rate to the “Required Two Percent” as part of the IMF requirement for full compliance with Article VIII. Based on recent updates, it appears that the target rate is 1350 or less, even though 2% should be 1346.4. At the moment, I am keeping an eye on the market rate, which has slightly decreased since Wednesday and is currently at 1540 in Baghdad and 1530 in Kurdistan. Saleh mentioned that they aim to reach 1350 (135,000 to $100) soon, and hopefully, it will be a matter of weeks instead of months. In my opinion, if they re-denominate (RD) and show the revaluation (RV) just over a USD, they could quickly achieve the market rate within the Required 2% and proceed with a revaluation (RI). This could be their plan.
According to Iraqi Dinar Newshound Guru Pimpy :
The article states that Iraq and four other Arab countries possess over 1 million tons of global gold reserves. This is because having large reserves of gold is crucial to strengthening a local currency. Gold is more liquid than other assets and helps to ensure currency stability. Therefore, it’s important to maintain a significant amount of gold reserves, along with foreign reserve assets, to keep the currency strong.
According to Intel Guru Wolverine :
It has been announced that the Iraqi Prime Minister, Al Sudani, and the Governor of the Central Bank of Iraq, Al Allaq, will be attending the World Economic Forum in Davos, Switzerland from January 14th to 19th. Sudani has stated that many people are expecting the RV to occur on Sunday, January 14th. The IMF, responsible for timing, has said that it could happen anytime from Friday to Sunday. Everything is set and ready to go, so all we have to do is wait for the Green Light.
According to Iraqi Dinar Newshound Guru Militia Man :
It seems that the Central Bank of Iraq will not handle all the banking operations. Instead, banks like JP Morgan Chase and CitiBank will take care of the correspondent work involving cross-border payments and trade. This is what everyone has been waiting for, and it appears that international institutions have been given the green light to proceed. The timeline looks quite promising.
According to Intel Guru Frank26 :
“We would like to know if the Central Bank of Iraq (CBI) would wait for the black market rate to get close to the official rate of 1320 before moving to 1000, or would it quickly make the next move to 1000? Our expectation is that there will be another exchange rate movement, somewhere between 1,200 or 1,000 to 1. However, we may not get to witness it due to the fast pace of events currently underway.”
According to Iraqi Dinar Intel Guru Bruce :
According to a source called WiserNow, some of the sources they had previously relied on for information have stopped providing them with intel. This is due to new NDAs and gag orders that they are bound by. As a result, they are not getting as much information as they would like. However, this situation also indicates that they are close to a significant development, as certain parties involved in an exchange procedure want to keep things quiet and prevent leaks from certain portions of the process. This is a good sign, despite the lack of information.
