These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Newshound Guru Jeff :
“Can Iraq be a sovereign country October 1st without changing the rate?” Jeff: I’m not sure. A nation must have complete authority and independence over its finances and what it is permitted to do with them in order to be considered sovereign.Therefore, in order to be sovereign, they must have complete authority over their nation and financial resources.
According to Iraqi Dinar Newshound Guru Stephen :
The redenomination has been the subject of much discussion in the dinar community. The whole dinar world has been engulfed in controversy since last week, with claims that Iraq will eliminate three zeros, that the event will be net neutral, and that dinar investors will be stuck with essentially what they initially paid for their dinar. Then there is the revaluation or reinstatement side, which says, “No, no, this is fantastic news because any kind of revaluation or reinstatement has to be accompanied by some sort of redenomination, issuing lower denominations that have increased value.” I’m in that camp. I’m hoping you’re also in that group.
According to Newshound Guru Sandy Ingram :
In order to swap the new Iraqi dinars for the old banknotes, I personally hope and search for foreign currency brokers in the United States. They will demand a fee, which is probably going to be rather high. Your IQD should not be sent or shipped to anybody. As a result, you might need to go to specific US locations in order to trade. [I] Will keep you informed about the exchange process’s progress and timeline. I want you not to be concerned.
According to Iraqi Dinar Newshound Guru Thom :
A redenomination without a new REER, in my opinion, would be just as devastating for Iraq as it was for Mexico when they did it to the peso in the middle of the 1990s.
According to Newshound Guru Militia Man :
What distinguishes Purchasing Power? Purchasing power refers to the actual value of a dinar in terms of the goods, services, and foreign currency it can acquire. This is influenced by fundamental factors such as the reliability of monetary policy and the market’s readiness to retain the currency instead of abandoning it. A coordinated adjustment of the Real Effective Exchange Rate (REER), overseen by the central bank in collaboration with key stakeholders, aims to establish a rate that accurately reflects these fundamentals and to protect it. This process is not merely superficial; it necessitates a political commitment to allow the rate to fluctuate in a controlled manner and to maintain it thereafter. A REER trajectory is more challenging, gradual, and credible. This is the path that Iraq has chosen, although a definitive decision has yet to be made. No specific date has been announced, and they will not publicize it.
According to Iraqi Dinar Newshound Guru Militia Man :
Purchasing power versus redenomination – What distinguishes the two? In a redenomination, purchasing power remains unchanged. It primarily enhances “ease of use.” A straightforward redenomination involves removing zeros and issuing new currency notes; for instance, 1,000 old dinars convert to 1 new dinar, or 10,000 to 10, depending on the number of zeros eliminated. It’s that straightforward. Prices, salaries, and contracts are adjusted by the same factor on paper. However, this process does not inherently improve the economy’s productive capacity, export revenues, reserve coverage, or institutional confidence. Redenomination does not address these issues. If the fundamental economic conditions are weak, the new currency can depreciate just as the old currency did. History is replete with instances of zero removal, where inflation persisted despite the new currency. I don’t believe Iraq is an exception to this trend. [Post 1 of 2]
According to Boot-On-The-Ground Guru Omar :
The opening of the exchange rate review has been formally announced by the CBI. Since the rate was altered in 2023, this rate has been closed. We are at least aware that a modification is being reviewed. Compared to last week, this is really positive.We are at least aware that the file is open.
According to Iraqi Dinar Newshound Guru Stephen :
Over the past few months, we have witnessed an unprecedented acceleration period.We have made more progress than we have in the past twenty-three years put together. What we’ve witnessed over the past three months is just amazing.Things are happening at a breakneck pace.We have no idea how long this will last. Personally, I’m thrilled.Is it September, October, November, or December? Nobody is aware…
According to Newshound Guru Jeff :
From October to December, the budget is being submitted to parliament for approval. Before then, all of the US forces must [leave] and the rate must shift. According to Trump, we must be compensated before all of the troops and equipment [leave]. According to those two possibilities, it’s most likely to happen in the middle to second part of September.This isn’t all that far away in the end. What matters is that it’s pretty near.
According to Iraqi Dinar Intel Guru Reset Intelligence :
Iraq shifted the currency issue from committee rooms to the nightly news over the course of a weekend. The head of the central bank informed parliament that the present monetary policy is a “gradual transition.” Iraqi press channels focused the weekend’s programming around a single question: would the dinar rise or fall when the zeros are removed?No state can control a collapse by doing what Iraq is doing.A nation that anticipates the demise of its economy does not educate its citizens on how money functions; instead, it rations, denies, and places blame. The contrary is what Iraq did throughout these three days.The public is now educated on the distinction between anchoring value and eliminating zeros.The currency that receives the greatest attention worldwide is the Iraqi dinar.
According to Intel Guru Frank26 :
[Boots-on-the-ground report on Iraq] OMAR: The TV keeps saying, “They’re going to delete the zeros.” They do not explain how we will obtain purchasing power through the smaller denominations in the next section. Additionally, they constantly inform us that once it leaves our borders, the zeros will be removed, leaving us with no worth.They assure us that it’s only a cosmetic repair. FRANK: Lifting the three zeros will undoubtedly increase the value of your currency to at least 76 cents, therefore I disagree with the television.After that, we will convert it to a dollar, $3.22, or $4.25 outside of your nation. Your objective is 1 to 1 inside.
According to Iraqi Dinar Guest Guru Jon Dowling :
Iraq Currency Update: The Significance of September 15th…The Kurdistan Regional Government’s (KRG) Finance Ministry has formally submitted its 2027 budget plan to Baghdad, marking a significant milestone in the stability of the Middle East economy. The anticipated mid-September policy choices may give blockchain businesses, institutional investors, and digital asset platforms much-needed legal stability.
According to Newshound/Intel Guru Mnt Goat :
Question: “As holders of dinar outside of Iraq, do we have any guarantees that our 3 zero notes will still be accepted after the deadline for turning them in within Iraq?” Mnt Goat: …the only information we have comes from the CBI’s 2011 plan. According to my current contact at the CBI, they plan to adhere to this strategy… our three zero notes located OUTSIDE the country will be utilized for interbank transactions… There are two distinct paths – one focuses on retrieving the vast amounts of currency within Iraq, while the other addresses the collection of our dinar. These are separate approaches. The key takeaway is that all our notes will continue to be recognized as legal tender. Do not let anyone dissuade you. I have been involved in this for 20 years and understand their intentions. If there are any changes, my CBI contact will inform me. That is the crucial aspect.
According to Iraqi Dinar Guest Guru Judy Byington :
Internal banking systems are already displaying the IQD and VND exchange rates at levels that are hidden from the general public. Because they are not following this path, public forex platforms are lagging behind. Tier 4B operates independently and is reportedly already transferring funds.
