Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-21-2023)

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

According to Newshound Guru Militia Man :

“When people express that there is not much progress happening, it is important to realize that some things simply take time to develop. However, many of these projects are currently coming into fruition as we speak.”

According to Iraqi Dinar Intel Guru Frank26 :

The question was asked whether Dr. Shabibi’s statement from years ago, stating that the dinar would be able to support up to $16, still holds true for the RI. The answer is no, as it has been a long time since that statement was made. However, it would be unwise to come out with a high value such as $16 or $28 for the RI. This is because a margin is needed for the float, and it is unnecessary to show off. Kuwait made this mistake in the past, and as a result, they had to bring the value back down quickly. This gave an opportunity for opportunistic traders to make a lot of money, and it was done on purpose. The IMF does not allow such manipulations to happen again.

According to Newshound Guru Pimpy :

It is important to note that the concept of humanitarian projects linked to the 800#s, numbers on the back screens and magical codes for redemption centers are misleading and should not be taken seriously. While it’s not wrong to participate in a humanitarian project, it is not a prerequisite for exchanging your dinars. It is rather encouraged that people engage in humanitarian projects, but it is not compulsory. However, there is likely to be an overwhelming desire to participate in humanitarian projects as soon as the opportunity arises.

According to Iraqi Dinar Newshound Guru Breitling :

Iraq has recognized the potential to increase its energy sales by selling in different currencies. The United States is supportive of Iraq’s plan to expand its markets and is not concerned about losing market share. In the past, selling in other currencies may have affected the U.S. market share, but that is not the case anymore. Iraq has developed a plan to sell to as many customers as possible, which will add value to its currency. This approach benefits both Iraq and the United States.

According to Intel Guru Frank26 :

Report from Iraq with soldiers’ comments: Firefly informs that a new restaurant named Johnny Rockets is opening up in Iraq that serves burgers. Frank states that numerous businesses are coming into the country either because they’re oblivious to the situation or they know the potential monetary benefits of the impending reform for both themselves and the citizens of Iraq.

According to Iraqi Dinar Newshound Guru Pimpy :

Over the next couple of years, I believe that the value of the dinar will continue to increase gradually. However, we may not witness any significant changes until the sanctions are lifted. It is important to note that Iraq is looking for alternative sources of revenue generation aside from oil. All in all, Iraq is making progress in the right direction.

According to Newshound Guru Sandy Ingram :

It may be difficult for individuals outside of Iraq to exchange IQD currency due to a lack of access to IQD banking. Additionally, IQD may not be available on the Forex market, making it non-exchangeable by US banks. It is possible that the US Federal Bank could collaborate with Iraq to find a solution that excludes individuals with Iraqi dinar, but includes other countries around the world. If we do not address this issue, there is a real possibility that exchanging IQD for USD could become a challenge. To stay informed about possible exchange procedure updates, make sure to sign up for the Dinar Guru Alert list, which is free and located at the top of this page in a blue box.

According to Iraqi Dinar Newshound Guru Militia Man :

The Iraqi-Saudi coordination council has played a crucial role in maintaining strong bilateral relations between the two countries. In recent news, Iraq has been praised for its effective mediation efforts, earning it a reputation as the “Switzerland of the Middle East”. Al-Sudani deserves recognition for their contributions to this achievement.

According to Intel Guru Frank26 :

The reason for wanting to achieve a 1 to 1 exchange rate is to increase the purchasing power of the Iraqi currency. It’s not about making Iraqi citizens rich, but about enabling them to buy goods and services with their currency.

According to Iraqi Dinar Newshound Guru Pimpy :

I recently came across an article by Reuters that I had missed earlier. According to the article, a central-bank official has said that Iraq will stop all dollar cash withdrawals by January 1, 2024. This is a significant move that could impact the value of the Iraqi dinar. I believe that we may start seeing increments happening by 2024, which although not large, will at least be heading in the right direction. Stopping the use of the US dollar is a major step towards strengthening the Iraqi dinar.

According to Intel Guru Bruce :

According to a source named WiserNow, it has been confirmed by three different currency sellers that they have received instructions to stop selling certain currencies such as dinar and Dong. This change came into effect at 11:59pm Central time on Friday night. Furthermore, it has been reported that a number of other currencies are also increasing in value. This is good news for those who hold these currencies and are looking to sell as the new restrictions on sales set a benchmark for the start of trading.

According to Iraqi Dinar Intel Guru MarkZ :

According to sources via PDK, there is still a lot of talk coming out of Iraq about a major project to address the housing crisis there. The project is called “Bismayah New City” and is part of the national housing program. It is a massive new city located about 10 miles north of Baghdad and has already broken ground. The city is expected to accommodate up to 600,000 people and will include houses, high-rises, entertainment facilities, and much more. It’s unclear where the funding for this project is coming from, but it’s clear that Iraq is looking towards a prosperous future. However, it is likely that a new exchange rate will be needed to justify the construction of this city.