These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Intel Guru Frank26 :
The statement suggests that the dinar will be introduced globally, and the speaker doesn’t mind if its value remains at 1132, as long as it gains international recognition. The speaker defines international recognition as a state where there are no restrictions on its usage. According to the speaker, the next step for the Iraqi dinar is to become globally acknowledged, which will lead to an increase in its exchange rate.
According to Iraqi Dinar Newshound/Intel Guru Walkingstick :
[Iraqi banking friend Aki update] I’m sorry, but you cannot bring dinars to deposit in my bank. As a bank in the United States of America, I am bound to follow international laws and can only accept American dollars. Although I work with the CBI, I still adhere to American international laws.
According to Intel Guru MarkZ :
[via PDK] There is a lot of buzz on the Iraqi side with high expectations for the weekend. Most people are anticipating some sort of announcement from Iraq, possibly on late Saturday or early Sunday.
According to Iraqi Dinar Newshound Guru Pimpy :
It is likely that you will see an increase in the value, but it will happen gradually. It may take two or three years for it to come close to a one-to-one ratio. I understand that this may not be what you want to hear, but I am confident that we will reach this point in the next three years. I believe that many positive developments are taking place in the Middle East.
According to Intel Guru Bruce :
[via WiserNow] It seems that the rates are being traded up and Iraq has done what was necessary for them to proceed. They are in good shape and have already started distributing funds from the hydrocarbon law, which is related to sharing profits from oil and gas in Iraq. We may receive notification on Saturday or Monday afternoon, but regardless, we are moving forward towards achieving our final objective.
According to Iraqi Dinar Newshound Guru Militia Man :
The parallel market operates as a black market and is illegal. It is not authorized to conduct trade in currencies other than dinar. The country is expected to de-dollarize at some point in the future, which will eliminate illicit and fraudulent activities such as money laundering. To achieve this goal, dinar needs to gain value as, currently, a dollar is worth significantly more than a dinar.
According to Newshound Guru Jeff :
An important article was recently published, stating that Iraq will prohibit cash withdrawals in US dollars starting from January 1, 2024. This move is aimed at preventing the misuse of the country’s hard currency reserves in financial crimes. However, it is difficult to determine whether this news is positive or negative. It is important to note that this announcement is not related to the rate change in January. The exchange rate will remain the same and this decision only affects cash transactions in US dollars.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Based on the information I received from my sources, it seems like our day is coming up soon. Some even believe that it’s before Monday and Monday is when we start receiving the payouts. They are expecting something big to happen this weekend. While I am not completely sure if it’s happening or not, I am optimistic about the potential outcome. There is no negative news or information to report at this time.
According to Intel Guru Frank26 :
[Iraq boots-on-the-ground report] Firefly reported that the electronic transfer formation would take its first step within two weeks. Frank was confused as to how this was possible since it was supposed to have started on the 28th of last month. He questioned the Central Bank of Iraq about their intentions for the upcoming two weeks and what they planned to send across their international borders.
According to Iraqi Dinar Newshound Guru Sandy :
Article: Iraq is planning to put an end to all cash withdrawals in US dollars by January 1, 2024, according to a Central Bank official. This decision is aimed at curbing the misuse of hard currency reserves in financial crimes and evading US sanctions on Iraq. The move is expected to eliminate the illicit use of nearly 50% of the $10 billion US dollars that Iraq imports in cash from the New York Federal Reserve each year. This is a significant development in Iraq’s financial landscape, and it could have far-reaching implications.
According to Newshound Guru Clare :
Article: According to a senior official in the Central Bank of Iraq, the country has decided to prohibit cash withdrawals and transactions in US dollars starting from January 1, 2024. This move has been initiated to curb financial crimes and prevent the misuse of hard currency reserves. As per the new policy, any deposited dollars in 2024 can only be withdrawn in the local currency at the official exchange rate of 1,320 dinars to the dollar.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] I have received information from multiple sources within the banking industry, indicating that some banks have placed their operations on “stand by”. This is an unusual occurrence, and even more so, I have never received such reports from several un-related top-tier banks in different states. It appears that this is a widespread issue across multiple states and banks.
