These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Newshound Guru Militia Man :
What effect does the usage of electronic payments have on the Iraqi dinar? The government will be able to remove the public’s access to cash bulk thanks in part to the electronic payment system.” The image is in black and white.This is not a novel concept. It was February 25th at the time.They’ve spent a good deal of time working on this.That’s 1.6 trillion, folks. It’s confirmation that they have been on schedule to lower the number of notes. That’s what they did.
According to Iraqi Dinar Newshound Guru Pimpy :
Redenomination occurs when the zeros are removed. It is not Iraq’s place to undertake a redenomination. This implies that a brand-new law must be created. They keep saying it’s just the currency rate, I know, but they’re not right.The exchange rate has not increased. I had hoped that by now, things would start to increase gradually, but that hasn’t even started to happen yet.
According to Intel Guru MarkZ :
[via PDK] On bank displays, several rates continue to appear. Several financial sources have expressed their view that the dong is now trading at $2.86. If this is a spot saver, we don’t know. However, I’m hoping that’s the rate for it. IQD is more than $4+ in their view.
According to Iraqi Dinar Newshound Guru Samson :
News Release: “The International Monetary Fund praises the actions of the Iraqi Central Bank, the stability of the national currency, and the control of monetary inflation”
According to Guest Guru GameofPatience :
Therefore, there is no change in the rate; the budget is authorized at the current dinar value of 1,310. What comes next will be intriguing to see. Amending a law is the sole means to update or modify it. Therefore, in order to alter the currency value, they would have to amend the 2024 budget at a later date.
According to Iraqi Dinar Newshound Guru Clare :
Announcement: “Announcement of capability” quote: “The National Bank of Iraq declares the launch of agreement work for the place of money analyst, gave that candidates to these positions are as per the circumstances expressed later…”
According to Newshound Guru Militia Man :
They got it [the budget] done…What does it need to do? It must go to the Gazette…whether that is going be on Wednesday which is 24 or 48 hours or is it will be Saturday or will it go as far as possible out…15 days. We will find out.
According to Iraqi Dinar Newshound Guru Jeff :
The Central Bank’s currency rate of 1310 dinar per dollar was used to approve the budget. That is not a change in rate, and no, it cannot simply float up to 1 to 1 in its current configuration by magic. Do not forget that the budget is a law.The budget legislation would need to be revised in order to change the currency value. If they wanted to modify the rate, they would have to wait until the following budget period or adjust it sometime within the budget year. That’s the current situation that we find ourselves in.The budget has some points of contention. To determine if they will…appeal the budget, we must give those arguments a few days to settle.
According to Intel Guru MarkZ :
[via PDK] Is it accurate to say that the rate has no bearing on the budget? Is it reliant on petroleum? MarkZ: Both yes and no.A mechanism for a revaluation based on rates and oil output was left in the budget. ….Does it make sense to implement the budget without changing the rates? NO, since they have been operating at a deficit of more than 30% annually.
According to Iraqi Dinar Newshound Guru Pimpy :
They just passed the spending plan and tragically they didn’t expand the trade rate…There was no sign out there at all that they planned to change the swapping scale…
According to Intel Guru MarkZ :
[via PDK] In an attempt to discover a rate, I have not been able to locate a comprehensive copy of the approved budget for Iraq. I don’t believe the recently approved budget includes the increased rate. However, they have a system in place to alter the pace. Thus, they are free to alter the rate at any moment.The official rate of 1310 is still displayed by them. This likewise occurred in Kuwait, despite the fact that the RV process had already begun. For a long, Kuwait continued to display the official rate. Comment: Perhaps they’re holding off on publishing the new tariff in the Gazette until Wednesday or Saturday? MarkZ: It’s quite likely.
According to Iraqi Dinar Newshound Guru tishwash :
The schedules are headed to the gazette. Article: “The House of Representatives sends the 2024 budget schedules to the Ministry of Justice – The Iraqi Facts”
According to Newshound Guru Samson :
The article: “Finance Committee after voting on the budget tables: There is financial abundance for the governorates and ministries”
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
Article statement: “The financial plan isn’t impacted by the ascent or decrease in dollar trade rates, since Iraq will get the dollar from the commodity of oil, and running against the norm, incomes increment as dollar costs increment universally,” The pace of the dollar to the dinar Won’t ever be in the budget…NOT GOINGTO Occur! … The financial plan is reliant upon the cost of oil.
