Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-22-2023)

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

According to Newshound Guru Pimpy :

The government doesn’t seem to care about dinar holders as the average dinar holder only holds 250,000 dinars. Even if there was a revaluation tomorrow, only a few people would become rich. However, most individuals who suddenly come into a large sum of money often end up losing it all within a year. This would give a boost to the economy, but the government doesn’t seem to care because the money would ultimately return to them. It appears that the government is not concerned about dinar holders.

According to Iraqi Dinar Newshound Guru Desert Advisor :

According to a Central Bank official, Iraq will no longer allow cash withdrawals in dollars after Jan. 1, 2024. This is a significant move and means that it will no longer be possible to withdraw dollars from banks in Iraq.

According to Newshound Guru Sandy Ingram :

According to a Central Bank official, Iraq is planning to stop all dollar cash withdrawals by January 1, 2024. This means that from that date forward, the Central Bank of Iraq will only be providing banking services to Iraqi citizens using the Iraqi dinar. This move is a positive step towards stabilizing the country’s economy and ensuring that it is in the hands of its citizens.

According to Iraqi Dinar Newshound Guru Pimpy :

There is a lot of confusion surrounding the situation of banks in Iraq and whether or not they are under sanctions, and how this is affecting the exchange rate. I came across an article titled “The Reality of US ‘Sanctions’ on Iraqi Banks”, which explains that while there are reports suggesting that these banks are under sanctions, they are not officially listed on the sanction list on the official website. This creates a grey area. Technically, the banks are under sanctions, but not officially. It’s more like they have been put on a “time-out”.

According to Newshound Guru Militia Man :

According to the article, the decision to collect fees in Iraqi dinars at border crossings is an important one as it aims to preserve hard currency and strengthen the Iraqi dinar. The ultimate goal is to stop using the dollar and switch to the Iraqi dinar at customs borders. This is expected to generate a lot of revenue. The article states that anyone who fails to adhere to this decision will face punishment as the authorities are getting strict.

According to Iraqi Dinar Intel Guru Frank26 :

It is important to note that major powerful countries are entering Iraq, which will inevitably affect their currency exchange rate. The float will likely skyrocket, so it is crucial to be astute and keep a close eye on the rate. Knowing when to hold or fold, when to back off, and when to make a move is essential in this situation.

According to Newshound Guru Samson :

Al-Alaq emphasizes the importance of stabilizing the dollar price and calls for changes to the trade system.

According to Iraqi Dinar Newshound Guru Pimpy :

Starting from the beginning of January, the use of the US dollar will be discontinued. This change is expected to have a positive impact on the Iraqi dinar. It is anticipated that soon after this change, we will notice an increase in the exchange rate of the Iraqi dinar.

According to Intel Guru MarkZ :

There are some interesting articles from Iraq, particularly one regarding the teachers in Iraqi Kurdistan who are currently on strike due to delayed salaries. This issue is connected to the HCL (Hydrocarbon Law) and the money that is supposed to be flowing to the Kurdish region. It is urgent that this matter is resolved so that the Kurdish government can meet their obligations and take care of their people. Fortunately, the new government in Iraq is committed to improving the living conditions of its citizens, and they are working hard to address these issues.

According to Iraqi Dinar Intel Guru Bruce :

According to WiserNow, the known currencies are performing well and trading upward. The Dinar is reported to be doing particularly well. However, the Dong’s performance has been inconsistent. Nevertheless, it is encouraging to witness positive developments in the currency market.