Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-16-2023)

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These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions

According to Newshound Guru Pimpy :

It’s important to note that there are no numbers on the back screen and no 1-800 number to call. You also don’t have to participate in a so-called humanity project. Don’t get me wrong, I encourage people to do good and give back if they come out of this with a lot of money. However, it’s not a requirement in order for you to receive your winnings. There are no redemption centers or numbers on the back screen. All of that is simply not true.

According to Iraqi Dinar Newshound Guru Militia Man :

Al-Sudani expressed his interest in BRICS, but he clarified that he won’t be attending the meeting at 1310.

According to Intel Guru MarkZ :

[via PDK] I have received confirmation from several banks that they are ready to exchange currencies, even those that are not normally redeeming. They are observing frequent rate changes and holds on them, and have been prepared for this eventuality. Several bank presidents, even from smaller banks, have mentioned that they are aware of the upcoming exchange and are telling their staff to wait for the “go-ahead”. A regional bank president informed me that they anticipate being able to exchange within this week, and I hope that this information is accurate. My other banking contacts have indicated that they are “on notice” and believe that it could happen at any moment, and they are ready for it.

According to Iraqi Dinar Intel Guru Frank26 :

Regarding the recent news about Auctions changing and no USD withdrawals in January, someone asked if this means the currency will revalue after the 1st of the year. However, it’s important to understand that this is not a revaluation, but rather an RI or reinstatement. It has been explained many times before, but it seems like some people still confuse the two terms. As for the wait until January, there is really no need to panic or get upset about it.

According to Newshound Guru Kaperoni :

I believe that it is crucial for Iraq to transition to Article VIII. With the support of a large corporation like JP Morgan, Iraq will be motivated to make the necessary changes when the conditions are met. I am confident that JP Morgan will be there to help them during this transition.

According to Iraqi Dinar Newshound Guru Sandy Ingram :

“Shutdown of Iraq-Turkey oil pipeline has hurt state and oil companies, causing $35 million in daily losses. Turkey has notified Iraq that the pipeline is ready to reopen, potentially ending $7 billion USD in total losses.”

According to Newshound Guru Pimpy :

Can you explain the concept of “dirty float” in monetary policies? Essentially, a dirty float is a flexible exchange rate system where the government has the power to interfere and make adjustments as they see fit.

According to Iraqi Dinar Newshound Guru Clare :

According to a Sudanese advisor, approximately 70% of Iraq’s imports are sourced from BRICS countries – Brazil, Russia, India, China, and South Africa. Iraq has expressed its desire to join the BRICS group, citing its close economic connections with the markets of the BRICS countries. These connections are reflected in the current account of Iraq’s balance of payments with the countries of the BRICS group, which includes some of the strongest emerging markets in the world.

According to Intel Guru MarkZ :

[via PDK] There are several interesting articles about de-dollarization in Iraq, such as the recent announcement that the Kurdish region in northern Iraq will only collect customs fees in dinar. This move indicates their commitment to the de-dollarization effort. It is worth noting that all the ATMs in Iraq have already been emptied of dollars and now only dispense dinar. MarkZ, a notable source, confirms that this is part of the larger de-dollarization trend. Additionally, Kuwait followed a similar path before their RV’d, requiring all fees and transactions to be paid in Kuwaiti dinar. This development suggests that we may be nearing the end of this process.

According to Iraqi Dinar Newshound Guru Militia Man :

Article: All representatives have agreed on the importance of passing the HCL law, as it ensures the fair distribution of wealth to all Iraqis. This includes everyone in parliament, so it is unlikely that anyone will miss the vote. However, despite the consensus, the law hasn’t been passed yet. We are waiting to see if there is a new valuation for the law based on the new international exchange rate, which could be the reason for the delay.

According to Intel Guru Frank26 :

Article: Boots on the ground update from Erbil: The Central Bank has issued a decision to stop withdrawing dollars via ATM machines. This decision had been made three months ago and banks are committed to implementing it. Other banks have also shown their commitment to the decision. This update is in reference to a report by Supergirl from last week.

According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :

Article quote: The speaker, Al-Najjar, expressed hope that the Central Bank will remain independent and resist pressure and rumors. They also hope that the Bank will continue implementing international standards and prudent measures which can help stabilize and improve Iraq’s economy and exchange rate. Al-Najjar highlighted the presence of major corruption within certain banks and companies which has led to the smuggling of dollars. They believe that some people do not want the currency reform to be completed as they fear losing their profits. However, Al-Najjar is confident that the corruption will not continue and that the reinstatement process will continue to the end and move quickly. They claim to know more about the situation than they can reveal, but emphasize that the reinstatement process will soon come to an end.