These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Iraqi Dinar Newshound Guru Pimpy :
In which location do you swap money? It will take place at the [bank] branch closest to you. Redeeming facilities don’t exist. Certain locations waive fees based on the amount. A few of them charge a fixed fee.
According to Intel Guru Frank26 :
What is the frequency of usage for the term “electronic payment platform”? …We hear that all the time because that’s where the monetary reform is at the moment. It is getting ready for the car that will be loaded with dinar and driven from the nation into a foreign market, where supply and demand will push up the value of the Iraqi dinar.
According to Iraqi Dinar Newshound Guru Sandy Ingram :
Moreover, given Iraq’s stronger currency, surrounding nations may respond with tariffs or other restrictions.An abrupt revaluation can cause other currencies to become unstable.Iraq may have a cascading effect on the economy and exchange rates of nations such as the United States, China, and Russia, as these own substantial reserves of dinar.There is a lot of pressure on the Iraqi central bank to adjust its currency in order to fit in. [Page 2 of 2]
According to Newshound Guru Sandy Ingram :
These are a few of the main factors delaying the Iraqi dinar’s revaluation.Many things are on the line…First, Iraq’s economy is based mostly on oil exports.In an attempt to maintain the value of its currency, Iraq’s foreign exchange reserves may be depleted if oil prices dropped abruptly.Second, the political stability and security concerns in Iraq… Investors find it difficult to put their confidence in uncertain situations, which makes them reluctant to purchase dinar.Thirdly, their exports and trade balances can suffer from an abrupt and large increase in the value of their currency. Inflation might potentially result from it. One of the most important considerations when choosing and carrying out a currency revaluation is balancing exports and trade revenue. [Post 1 of 2….stay tuned]
According to Iraqi Dinar Newshound Guru Clare :
The article: “A government advisor details indicators of the efficiency of foreign reserves: Iraq is in the best financial condition” According to the quote: “…The financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed indicators of the efficiency of foreign reserves, while confirming that they indicate that Iraq today is better off in its financial history”
According to Newshound Guru Pimpy :
Their goal is to conduct a research on the removal of zeros. In order to be in a position to proceed with taking the zeros out of the Iraqi dinar—the money, not the exchange rate—they are attempting to ascertain how this would impact Iraq. Because once they make that choice, there will be a minor disruption to the economy, some confusion among the populace, and companies that will need to adjust their prices and bookkeeping across all of Iraq.The Iraqi people need to be made aware of what’s happening.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Upon leaving Iraq: “New residential city near Baghdad signs contract” will consist of about 100,000 pieces. They are occupied building homes for their folks. This is a substantial project with a high financial stake. How will they be able to afford it?
According to Newshound/Intel Guru Walkingstick :
[Update from Iraqi Bank Friend Aki] For the month of January 1 through January 31, Aki’s directives were to set up all the electronic components for the monetary reform and to export the IQD overseas either via 1. a floating basket 2. Exchange for Stocks. 3. Supply and demand worldwide. Aki is prepared for his duty, which is rigidly divided into three sections. 1. Gather the IQDs so the CBI may destroy them. 2. Convert the 3-zero notes into US dollars. 3. He will not issue lower denoms. It is not feasible mathematically.
According to Iraqi Dinar Newshound Guru Militia Man :
The Article: “Postponing Electronic Application for Housing Funds” They declared their intention to construct hundreds of thousands of houses. They chose to delay the loans they were supposed to have available for them. Quotation “…until new loan-obtaining procedures are authorized…'” What does it have to do with? Although you put it for a “mechanism,” you were going to open up loans for hundreds of thousands of homes. How do they define a mechanism? They don’t mention it, but we have to consider that it would be problematic to write out a mortgage at an exchange rate of 1310 and have it alter the next day.They must be aware of the amount.
According to Newshound Guru Pimpy :
We are aware that Iraq is making every effort to regain its footing and the goodwill of the international community. The issue is that they share a border with Iran, which frequently brings various forms of strife into their nation.Iran, Turkey, and the United States have all bombed areas of Iraq. It goes against their sovereignty in every way. These are military actions. Iraq is limited in what it can do about it.The last thing you want to see is Iraq get unstable out of nowhere.
According to Iraqi Dinar Intel Guru Frank26 :
Suppose you have 10-20 million dinars and you take it to a bank and you trade it. No bank in the US of America will hold your millions in their bank. You can’t store that much money in an American bank, either physically or probably electronically. You might need to trade your cash in stages. You need to track down security for you cash. The bank won’t let you put in more money than they can cover in their bank; other banks might change that and say that they can cover it. Ask the bank… [Look into] Depository Securities, annuities…trust reserves, property…precious metals…I’m going to variety in these and numerous others. [ NOTE: Counsel your monetary guides at the fitting time about a broadening system that is ideal for your interesting trade sums and circumstances.]
