Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-18-2023)

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

According to Intel Guru Frank26 :

[Iraq boots-on-the-ground report] During a conversation between FIREFLY and FRANK, they discussed the expected changes in the revenues of the three budgets. FRANK explained that the changes in revenue are due to the upcoming monetary reform, which includes a change in the exchange rate and the new national currency that will replace the three zero notes. It is important to note that these terms are not commonly used in articles today and are meant for Iraqi citizens. Therefore, the citizens are advised to listen carefully and understand the communication related to the monetary reform.

According to Iraqi Dinar Newshound Guru Pimpy :

Al-Sudani has been doing a good job of remaining neutral, as he should. Iraq should avoid getting involved in any unnecessary conflicts and stay focused on progressing forward. It’s important to prioritize the needs of the people and make sure that all projects are properly funded and executed. It’s crucial to prevent any kind of corruption and ensure that the country’s economy keeps growing. By maintaining good relationships with other countries, Iraq’s economy can thrive and the value of the Iraqi dinar can increase.

According to Newshound/Intel Guru Walkingstick :

The CBI doesn’t need to convince you or me that they will change the rate. Their task is to convey this information to the citizens of Iraq and make sure they understand it. The success of the monetary reform is dependent on the support from the Iraqi citizens. Any failure in gaining their trust will result in the collapse of the entire reform process. Therefore, the CBI’s primary focus is to gain the trust of the Iraqi citizens and not ours.

According to Iraqi Dinar Newshound Guru Militia Man :

It is their aim to reduce the reliance on the dollar in the country and they have been working towards this goal for quite some time now. Their role is not to announce specific rate changes on a particular day, say, next Thursday. Such announcements are unlikely to happen, and everyone should have grasped this fact by now.

According to Intel Guru Bruce :

According to WiserNow, the speaker hopes that they will receive notification, schedule their appointments, and begin on Thursday. They mention that they have been in a similar situation before, where they thought they were close to a particular outcome. However, they express optimism that this time, things will work out as they hope.

According to Iraqi Dinar Intel Guru Frank26 :

Iraq has recently raised its interest rate to 7.5%, and there are reports that the Economic Council is considering further increases. It is believed that this move is aimed at raising the value of the Iraqi Dinar (IQD).

According to Newshound Guru Sandy Ingram :

According to the IMF, Iraq’s economy outlook for 2024 is not promising. The reason for this is that other countries with currencies pegged to the US dollar have followed the US Federal Reserve’s lead and adjusted interest rates accordingly, but Iraq’s central bank did not. As a result, the IMF predicts that Iraq’s inflation rate in 2024 will be around 9%, which is significantly higher than the 3.5% rate announced by the Iraqi minister of planning. This 5.5% difference is a cause for concern.

According to Iraqi Dinar Intel Guru MarkZ :

[via PDK] They are ensuring that all transactions are conducted only in dinar going forward, even for government functions. Other currencies will not be accepted. There is a question as to whether a new Speaker of the House is needed before Iraq can progress, but the ball is currently in Iraq’s court. Regarding the inquiry about whether we are close, MarkZ responded by saying that it certainly feels like we are.

According to Newshound Guru Pimpy :

The article discusses the decision to increase the interest rate in Iraq. The Prime Minister’s directive to implement banking reforms has led the Central Bank of Iraq to increase the interest rate to stimulate financial movement and encourage citizens to deposit their money in banks. The ultimate goal is to reduce the exchange rate of the dollar against the Iraqi dinar. This move is expected to attract more people to deposit their money in banks, thereby activating the banking system within Iraq. In case this measure fails to achieve the desired results, other measures will be taken to close the gap between the parallel market and the set rate of 1320 dinar. In America, a similar move by a bank to offer an interest rate of 7.5% would definitely attract a lot of customers.

According to Iraqi Dinar Newshound Guru Samson :

The Kurdistan Regional Government has announced that it will now accept payments for customs duties in Iraqi dinars instead of US dollars.

According to Newshound/Intel Guru Mnt Goat :

The story surrounding the Iraqi dinar revaluation only gets more interesting with each passing month. Various pieces of the puzzle are falling into place, making it increasingly likely that the dinar will soon be revalued and reinstated. It’s no longer a question of whether these events will happen, but rather a matter of when.

According to Iraqi Dinar Intel Guru MarkZ :

[via PDK] I believe this piece of news is significant. Iraq has raised the savings interest rate to 7.5%, and the economic council is considering a further increase. This is not the borrowing rate, but the rate paid by banks to customers who deposit their money in the bank. The move has a couple of benefits: it stabilizes the economy and benefits the citizens, rather than just the government. With the money in the banks, it also streamlines the process of any rate changes, eliminating the need to worry about money changers on the street. This development makes it easier to do a revaluation.