These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Intel Guru Reset Intelligence :
In Iraq, the budget law incorporates the exchange rate. The 2023 statute has the 1,300 rate; no subsequent legislation has superseded it. The next number must be included in a document that is now being developed and is scheduled to be presented to parliament in September.The rate is not determined by the budget legislation; rather, it is recorded. The law caught up four months after the rate changed by decision on a typical morning in February 2023. Iraq is required to present a figure on paper in September. Any morning before it, the decision may be made. Keep an eye on the window rather than the calendar.
According to Iraqi Dinar Newshound Guru Militia Man :
Eliminating the zeros from the dinar is primarily a bookkeeping measure… It does not inherently strengthen the currency… A robust currency is a result of a strong economy and reliable institutions… The removal of zeros could have been executed years ago. If they intended to implement a lop… why was it not done in the past? They had the opportunity to do this years ago if that was their intention. This is not the essence of the plan… A stable exchange rate will rely on a Real Effective Exchange Rate, which reflects true fundamentals. Implementing a lop is ineffective and lacks rationale… [Stay tuned to dinaropinions.com as other experts share their insights on what Drop the Zeros signifies for your dinar.]
According to Intel Guru Frank26 :
We are increasing the worth of your currency, Iraqi folks repeat after me. The three zeros are being removed from your exchange rate. A 25 dinar note will replace the 25K note. $100 is equivalent to almost 150,000 dinars. We are undergoing a redenomination of our currency. It’s to make transactions easier and boost Iraqi residents’ trust in your currency. [Stay tuned to dinaropinions.com as the other experts provide their thoughts on the implications of Drop the Zeros for your dinar.]
According to Iraqi Dinar Newshound Guru Walkingstick :
[Update on Iraqi bank buddy Aki] WALKINGSCICK: Do you have any LDs, Aki? AKI: I don’t have any lower denominations. Lower denominations are not necessary for me. WALKINGSTICK: You will take my dinars and deposit American dollars into my account when I visit your bank, correct? AKI: I will handle your electrical conversion, yes. I’ll exchange your IQDs for US dollars.
According to Newshound Guru Stephen :
According to the CBI website, the Iraqi dinar is now worth 1310 dinars for every US dollar. Anyone claiming that the rate has changed, that they are heading to the bank, or that they have already converted their dinar into US dollars is just lying to you.If anything is untrue or a falsehood, I will face it head-on.No particular set of individuals will cash out or trade their dinar before anybody else.We will all have the equal chance to visit the bank and exchange our notes, regardless of whether you have a single 25,000 dinar note or several million.
According to Iraqi Dinar Newshound Guru Pimpy :
The article: “Will the Federal Government Remove Three Zeros from the Iraqi Dinar?” That is not what we want to occur. You want the zeros to remain in any Iraqi dinar that you currently hold.”Well, that’s in country,” I was told. Once people take this action, it occurs all over the planet.It is impossible for it to occur domestically and not abroad as then individuals would be purchasing currency and selling it abroad to make more money. Does that make sense? [Stay tuned to dinaropinions.com as the other experts provide their thoughts on the implications of Drop the Zeros for your dinar.]
According to Newshound Guru Jeff :
The money supply exists both within Iraq and abroad, totaling around 100 trillion. However, the majority of this amount is located outside of Iraq. It’s important to note that the dinar is not tradable; therefore, when it is outside Iraq, the central bank shows little interest in it. They disregard it because it cannot be traded or utilized for any purpose. The funds located outside Iraq were used to settle debts with other nations for their assistance. The United States holds approximately half of Iraq’s money supply. Iraq’s primary concern is the dinar that remains within its borders, which is estimated to be between 20 and 40 trillion dinar. When the exchange rate is adjusted, three zeros are removed from this amount, effectively reducing the money supply from 20 to 40 trillion down to 20 to 40 billion.
According to Iraqi Dinar Intel Guru Reset Intelligence :
This week, US Senator Rand Paul entered Fort Knox, the world’s most renowned vault, and resolved a fifty-year dispute by saying, “The gold is there.” The metal did not move in any of the 147 million ounces. In any case, the dollar lost 85% of its worth. That’s what happens to unbacked money. The damage was caused by Nixon’s moment and the never-ending printing.The gold is currently being counted once again. The United States is in the forefront of the global return to the gold standard. The budget law that determines the dinar’s future rate is already being written by Baghdad, 175 tons deep.
According to Newshound/Intel Guru Mnt Goat :
The CBI constantly strives for an RV objective, but there are always a number of obstacles to overcome. Hopefully, they can succeed.Our “saving grace” for a future reinstatement, in my opinion, lies on the Development Road Project’s growth and non-oil earnings. Economic diversification with non-oil revenue is on the horizon and is currently progressing. The negotiations between Turkey and the United States (Trump) and, more recently, between Turkey and Iraq, provide proof of this.
According to Iraqi Dinar Intel/Newshound Guru MarkZ :
They would have removed the zeros long ago if they were planning to do so. They have already informed us of their plan to increase the value and take the bigger currency off the market as it will no longer be useful or necessary. How does the purchasing power increase when a 25k note is reduced to a 25 note? In order to remove the three zero notes, they explicitly stated that they would increase the purchasing power.
