These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Newshound Guru Pimpy :
Iraq’s infrastructure investments are gaining momentum, which is expected to create a significant number of jobs and boost the country’s economy. The progress made so far is encouraging, and we can only hope that nothing disrupts this positive trend.
According Intel Guru Frank26 :
“If you only have a small amount of dinars, would you go to the bank manager to exchange them?” Yes, if you have a small amount, like 100,000 or a quarter of a million, you can go to the teller and they will take care of you. They won’t help you at the counter, but they will move you over to a cubicle. That’s why they are building these cubicles all over the place.”
According to Iraqi Dinar Newshound Guru Sandy Ingram :
Foreign reserves are funds that countries keep in reserve as a backup in case their national currency loses its value or becomes worthless. Central banks of various countries around the world hold large amounts of reserves of foreign exchange, mostly in US dollars, since it is the most traded currency globally. The amount of money a country holds in its reserves significantly affects its currency rate. Iraq currently has the largest foreign currency reserves in its history.
According Newshound Guru Jeff :
The reason why there is no news coming out of Iraq is that they have completed everything that was needed to revalue their currency. They are ready to revalue, but they cannot do it immediately because they have to eliminate corruption first. A recent article reported that the former President of Iraq, Halabousi, is facing four criminal charges. This news is significant as it may help in cleaning up corruption in the country.
According to Iraqi Dinar Newshound Guru Pimpy :
Next week, Iraqi banks will begin to straighten their accounts using UAE dirhams through a currency swap. They are also working on a similar swap with India, which is necessary for conducting business between the countries. However, it may take the rest of the year to fully implement these swaps and see any significant results. The end of the first quarter of 2024 is when we can expect to see some tangible outcomes.
According Newshound Guru Samson :
According to a source, Iraqi banks will start bolstering their accounts in UAE dirhams starting next week.
According to Iraqi Dinar Intel Guru RayRen98 :
According to Babysmom, the guys with 3 LTR are uncertain about whether “it” will happen this morning or after the market opens later today, but they are leaning toward today. They have confirmed that everything is in order and they have received the green light to proceed. There are no delays expected. Time will tell.
According to Intel Guru Frank26 :
In the experiment conducted with the bank, around 300 individuals were contacted. Out of them, half of them informed me that they believed it was a scam. On the other hand, the remaining half provided me with detailed information, which exceeded my expectations. The experiment proved to be successful. Instead of providing a phone number for a bank, I gave an 800 number for Chase Financial call center. By analyzing almost 300 phone calls, we were able to identify a pattern, particularly the names of the operators. We identified those operators who had a negative attitude. However, we also found operators who were knowledgeable or perhaps students of the Iraqi dinar. They suggested speaking with their Wealth Management Department and were willing to transfer the call immediately. Overall, the experiment was a success! [See yesterday’s Spain Bank Story Below 11-18-2023]
According to Iraqi Dinar Newshound Guru Militia Man :
The meeting is being held under highly complex economic conditions. The attendees are discussing various aspects related to the role of monetary policy in managing the risks that could arise from possible macroeconomic shocks. In simpler terms, they are warning the largest entities in the world that they may face risks resulting from the repercussions of any potential macroeconomic shocks. Therefore, if something happens in a small country, it could have a domino effect on larger countries. If the Bank of International Settlements is sharing this information with other central banks, then those who need to know this information have just been informed that something is up. [Post 2 of 2]
According to Newshound Guru Militia Man :
The Bank of International Settlements is considered the central bank of all central banks, and is known to have a significant impact on financial markets. Commercial traders often fear central banks due to their ability to affect the markets with large sums of money. The Bank of International Settlements uses a unique language that is unfamiliar to many traders, due to the importance of being cautious in their statements so as not to cause market volatility. The recent article about the Arab Monetary Fund of the International Settlements organizing a meeting on November 15th and 16th, 2023, was not released until the 16th, which raised questions about why the meeting was not announced earlier. The way central banks communicate can have a significant impact on people’s financial gains or losses.[Post 1 of 2….stay tuned]
According to Iraqi Dinar Intel Guru MarkZ :
According to a report via PDK, Iraq has joined the European Bank for Reconstruction and Development (EBRD) as its 74th shareholder. The foreign ministry has announced this significant move, which is expected to have a far-reaching impact. The EBRD is a major worldwide organization and bank, and Iraq’s membership is a significant development. It is worth noting that Iraq applied to be a member in 2018, but its membership was confirmed only now. Many analysts believe that this could indicate an imminent currency change, as Iraq would need an international currency if it is to join an international organization.
