These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Newshound Guru Militia Man :
Iraq is going to establish a Real Effective Exchange Rate, which is different from a Nominal Effective Exchange Rate. The World Trade Organization, the United Nations, the United States Treasury, and the Bank of International Settlements are going to be aware of this development. Everyone will be paying close attention to the amount of money that will be flowing out of Iraq as a result of this change.
According to Newshound Guru Pimpy :
There are many factors that can increase the value of a currency, but one significant factor is importing foreign exchange. This can open doors for other opportunities…
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Question: “So, are we making appointments tomorrow?” MarkZ replied that this continues to be a rumor from some banking sources. He added that they would have to kick it into massive overdrive for that to happen.
According to Newshound Guru Clare :
An agreement has been reached between Iraq and America to strengthen the balance of Iraqi banks in US dollars, yuan, and Indian rupees. As a result of recent meetings between the Central Bank and the American side, ten banks are now able to directly strengthen their balance in US dollars. Five of these banks will be working with Citi Bank, while the other five will be working with JP Morgan Bank.
According to Iraqi Dinar Newshound Guru Sandy Ingram :
Iraq is facing the same issues with mattress banking as Zimbabwe. To tackle this problem, Iraq has introduced a digital currency called POS (Point of Sale), which is helping to eliminate cash transactions. Starting from January 1, 2024, Iraq will also stop using the US dollar in all public transactions. This move will allow Iraq to have more control over its currency. As investors, we need to figure out how we can participate in this digital money transfer without having to travel to the Middle East, which is currently not a safe destination.
According to Newshound Guru Militia Man :
It is necessary to determine the exchange rate for salaries, oil, and gas. The exchange rate is also important for the 2023, 24, and 25 budgets as well as for all housing contracts. These adjustments are crucial to complete all pending tasks. The exchange rate is the only missing piece of the puzzle. The reason for the delay is that they are waiting for four people to agree on a specific rate.
According to Iraqi Dinar Newshound Guru Samson :
CBI and Federal Reserve sign deals to facilitate forex transfers from Iraq after intensive meetings in UAE, according to an official source.
According to Intel Guru Frank26 :
Currently, the monetary reform plan suggests that we will become a member of the World Trade Organization. While our currency doesn’t necessarily need to increase in value, we do need to ensure that there are no restrictions on its use, allowing it to be accepted internationally. This way, our currency can be included in an international basket and be able to float in the international market.
According to Iraqi Dinar Intel Guru MarkZ :
I don’t expect us to wait much longer via PDK. The chatter is huge. Some still think we will start tomorrow to set appointments. We shall see. Nobody knows the exact timing.
According to Newshound Guru Militia Man :
According to an article, the CBI and the Federal Reserve have signed agreements to make Forex transfers from Iraq easier. After holding intensive meetings in the UAE, they have agreed to start the process in the coming days. The goal is to conduct trade in internationally recognized currencies. This is great news and a phenomenal step forward.
According to Iraqi Dinar Newshound Guru Pimpy :
The news seems to keep improving with time. An article about JP Morgan strengthening five Iraqi banks is a positive development. Similarly, there is another article with good news. While it’s exciting to hear such news, it is important to stay grounded and not get overly hyped. Nonetheless, the situation is looking very good.
According to Newshound Guru Clare :
According to a government source, after a meeting between the Central Bank and the American side, it has been decided to increase the advance balance of five Iraqi banks in their dollar accounts with Jordanian banks. The transfers will be made via JP Morgan, and any issues related to rejected transfers have been resolved.
According to Iraqi Dinar Intel Guru yada :
It is clear that we are witnessing a process playing out before us. The checks and balances that were put in place have resulted in the stopping of the dollar’s use in the country. This decline of the dollar usage was necessary to plant the seed and allow for growth to begin. Now, the growth is breaking the surface, and we will soon begin to benefit from it. Recent articles have revealed that this changeover is not in vain, and it is happening right now.
According to Intel Guru MarkZ :
According to PDK, Lego’s factory in southern Vietnam, which has a value of 1 billion dollars, is currently 26% complete. This development is significant because it shows that international businesses are starting to view Vietnam as a secure and stable location for investment. The factory will employ up to 4,000 people, which is a positive sign for the country’s economy. All in all, this is a great development for Vietnam.
According to Iraqi Dinar Intel Guru Bruce :
According to WiserNow, people who think that there are no 800 numbers are misinformed. Our contacts are located at the redemption centers, and we are aware of what’s happening. We have the knowledge that the bank screens are showing a very good dinar rate, and it will soon be visible on the front screen of the banks. However, it’s important to note that the redemption center rates will be higher than the regular bank screens. This is because bank screens are linked to the Forex, whereas redemption centers have their own rates and offer the best and highest rates for us.
