Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-28-2023)

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

According to Iraqi Dinar Intel Guru MarkZ :

There is some news coming out of Iraq regarding their currency. There seems to be a lot of anticipation building up between now and November 1st, with a lot of chatter suggesting that there will be a rate change by then. Iraq has set a goal to de-dollarize their economy by January 1st, and in order to do that, they need to have a currency with a higher value. They are moving quickly towards this goal. Despite all the uncertainties, it is believed that the revaluation will happen before the end of the year. There are several positive global developments that seem to be pointing towards this direction, indicating that we are getting closer to the event.

According to Newshound Guru Pimpy :

My community college is offering a class on the Dinar Guru, which is one semester long and provides two credits. I will receive my certificate on November 20th.

According to Iraqi Dinar Intel Guru Frank26 :

What are we currently searching for? Is it just the exchange rate, or both the exchange rate and the new small category notes?

According to Newshound Guru Clare :

Parliamentarian collects signatures to close the US embassy in Baghdad in response to Al-Sadr’s call.

According to Iraqi Dinar Newshound Guru Militia Man :

There are a lot of different things that happen behind the scenes that the average person is unaware of. Everyone is looking forward to when things will happen, but the process is quite complex. However, what we are seeing both publicly and privately indicates that progress is being made quickly and effectively. It’s an exciting time.

According to Intel Guru Frank26 :

Why is the world suddenly interested in investing in Iraq, despite the country still being under economic sanctions? The reason is that Sudani is demonstrating to them a monetary reform mechanism that includes a new exchange rate for a new national currency, in my opinion.

According to Iraqi Dinar Newshound Guru Pimpy :

The situation has become unstable as the parallel markets have gone out of control. Currently, citizens can get 1630 dinars for every US dollar on the black market compared to 1300 dinars on the official market. This has created a problem because people can get more dinars on the black market than they can through the bank, which offers the official rate. As the US dollar is much stronger in Iraq than the Iraqi dinar, there is no incentive for citizens to avoid the black market. Therefore, the only way to tackle this problem is to find ways to strengthen the dinar so that it can compete with the US dollar.[Post 2 of 2]

According to Newshound Guru Pimpy :

There is some buzz about Al-Sudani taking some action that would help improve the dinar exchange rate. According to an article, “Sudani will announce next week a banking service that leads to the decline of the dollar.” I have been trying to figure out what exactly Al-Sudani is planning to do. The only thing that comes to my mind is that Al-Sudani must be taking some measures to control the exchange rate as Iraq has limited options. Last time, they increased the exchange rate from 1450 dinars per dollar due to the unregulated parallel exchange rate. [Post 1 of 2….stay tuned]

According to Iraqi Dinar Newshound Guru Samson :

Al-Sudani Bank to launch new service leading to decline of dollar, says Al-Shamri

According to Intel Guru Bruce :

New Iraqi Dinar rate expected to be published in the Gazette on Friday or Saturday, October 27th or 28th. The international Iraqi Dinar rate is also expected to be high, as is the Dong.

According to Iraqi Dinar Intel Guru Frank26 :

I have a report from Iraq about the current situation there. According to Firefly, the stabilization process is expected to be completed by January 1st. Frank mentioned that there is a two-week phase between November and December, during which significant developments are likely to take place. So, even if the process is completed before January 1st, it could still be announced and released during this time frame. Sudani is apparently informing the Iraqi citizens that they have achieved stability.

According to Newshound Guru Clare :

Next week, Sudanese banks will introduce a new service expected to decrease demand for US dollars, says Al-Shammari.

According to Iraqi Dinar Intel Guru MarkZ :

According to PDK, Iraq is currently discussing the implementation of “Electronic Payment Support” and upgrading their banking system to bring it in line with modern standards. There is also evidence of their intention to join the World Trade Organization, but they have yet to announce a specific timeline for this. However, they cannot become a member without an unrestricted international currency. The situation is intentionally complex, but Iraqi contacts suggest that an announcement may be made over the coming weekend.