These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion
According to Intel Guru Bruce :
[via WiserNow] I’m thrilled because we received information from five or six unrelated sources that said we were prepared to move forward.Anticipating notification from you…It might continue till and through the weekend.Later in the weekend, possibly on Sunday or even on Monday, I’m hearing.
According to Iraqi Dinar Newshound Guru Walkingstick :
Since the Iraqi dinar will be determined by the market, it is not a float at first. The value will be driven immediately by the supply and demand that will be placed on the new currency with the new IQD rate. Rather than being 1 to 1 or even a float, the real effective exchange rate will be determined by supply and demand.
According to Newshound/Intel Guru Fnu Lnu :
The article states, “Iraq views recent US sanctions against Iraqi enities, including the Muhandis General Company [Sharakat al-Muhandis al-Amma], as deeply regrettable,” Trump isn’t wasting any time. Once more, sanctions have been placed on Iraqi assets. Are you beginning to realize that Iraq has a lot of issues to deal with and that their tendency to break the law has hindered, if not reversed, the necessary changes to re-join the WTO and have its currency listed on international trading platforms such as FOREX? For another one to two years, the RV will not take place.
According to Iraqi Dinar Intel Guru Frank26 :
If they float, you only need to be concerned about the ninety days [to exchange your dinar after the rate change]. If they don’t float, what then? Then, they most likely launch at $3.22 and up by 20% or more.
According to Intel Guru Frank26 :
[Report from boots on the ground in Iraq] FIREFLY: The Kuwaiti dinar is now broadcast on television. It has been trading at $3.27 for a long time, and they are telling us that it is strong and leading as a currency. It’s interesting to hear Kuwaitis discuss the dinar now. FRANK: This is intentional, gentlemen. There’s a reason for this. It would have been disastrous if they had just thrown this at you.They are attempting to convey a message to us.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Question: According to the article, zeros will be deleted, but don’t count on a float. What occurs if there is no rate float? MarkZ: They would follow our instructions and arrive at a predetermined value. Rates would be insane with a float. It would be a “managed float” with no erratic swings if they did permit a float.
According to Intel Guru MarkZ :
[via PDK] Do the lower denoms have left Iraq yet? MarkZ: I haven’t been able to locate any in circulation yet, but they are displaying cut sheets (samples of the new LDs) once more and discussing it in the press.
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
Article titled “GOVERNMENT ADVISOR: MONETARY POLICY HAS ACHIEVED STABILITY IN THE EXCHANGE RATE AND INFLATION.” During their consultations, the IMF informed Iraq that they required a stable currency rate and low inflation. According to the report, Iraq’s inflation rate has never been lower. Indeed, they referred to it as “unprecedented stability in prices and inflation.” Additionally, the CBI has maintained the dinar’s official exchange rate at 1320 for nearly three years. Then, where is the RV?
According to Newshound Guru Jeff :
According to the article, “There is no intention to float the exchange rate of the dinar.” Why are they unable to accomplish that? The currency value is used to compute the budget.They would have to adjust the budget if there was a substantial shift in the currency’s value, say more than 20%. They will stop making changes to the budget.
According to Iraqi Dinar Guru Nader From The Mid East :
“Can you tell me why there are three zeros?” How are you going to swap them? It will be precisely ninety days.Similar to their previous practice of exchanging little and large categories, they allowed us ninety days to convert Saddam’s money into the new currency we currently use, which we refer to as the new currency.That, in my opinion, is the norm for all central banks.
According to Newshound/Intel Guru Fnu Lnu :
I stated that there would be no float several months ago. You folks will understand I’m linked one day. I bring the receipts.
According to Iraqi Dinar Intel Guru Frank26 :
[Report from troops on the ground in Iraq] OMAR In the nation, the zeros will be eliminated, lower notes will be added, and the three zero notes will cohabit simultaneously and at the same pace. Since the exchange rate is tied to a basket, we will see our actual rate when all of it has been removed. FRANK: Yes, as it’s a RI once it’s in the basket. The true effective exchange rate will then be reached by an RV in the basket. You can’t touch the dollar, thus it’s not a 1 to 1. You’re coming out at $3.22, then. I propose capping it at $4.25.
According to Intel Guru Bruce :
[via WiserNow] The screens at the redemption centers are blank, as far as I can determine [Tuesday]. There are no rates displayed on the displays.A few days ago, we did have a rate on the Dong at the redemption center, and it was really nice. I still stand by my statement that the dinar would be provided to us at a contract cost. I suppose the most important thing is that we keep our eyes open.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Article: “IMF projects 3.6% growth in Iraq’s economy next year.” The country’s long-term health facilitates currency exchange.
