These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Intel Guru MarkZ :
I have an interesting bank story to share with you. To protect her identity, I will not mention her name. I visited a JP Morgan Chase bank today and the teller confirmed that they are currently undergoing training and changing their systems. I noticed a 13-foot LED screen advertising “Foreign Currency Exchange” which confirmed what MarkZ and others like Frank have been telling us. The visit left us feeling happy and satisfied.
According to Iraqi Dinar Newshound Guru Militia Man :
We’re hoping Iraq will demonstrate compliance with Article VIII soon. Let’s wait and see…
According to Newshound Guru Clare :
It has been estimated by Samir Al-Nusairi, the advisor to the Iraqi Banks Association, that the value of the US dollar is likely to decrease to 1,400 dinars during the first quarter of next year.
According to Iraqi Dinar Intel Guru Frank26 :
If you have lost your receipt for your dinar, try to reach out to the person who sold it to you. They may have records and be able to help you retrieve a copy. However, if you are unable to get the receipt, it can become a financial problem for you. To hold your currency for a year is important because it affects your tax bracket. If you don’t have a receipt or if you don’t hold onto it for a year and you go to exchange, you may end up in a different tax bracket which will result in a higher tax rate. The difference between a 40% tax and a 20% tax can be substantial. Therefore, it’s crucial to consult with your tax professionals to determine the proper tax rate for your unique circumstances.
According to Intel Guru MarkZ :
[via PDK] Question: What is your gut feeling today Mark? MarkZ: My gut is telling me that we are on the cusp… I think my Iraqi contacts are correct and we will see it before December 1st.
According to Iraqi Dinar Guru Nader From The Mid East :
The facts presented are accurate and the changes mentioned are true. However, the numbers being circulated are not correct and Iraq cannot afford the current rate anymore. Please do not believe any rumors about a rate of 1400 or any other similar claims. A revaluation of the Iraqi currency is inevitable and it will happen soon. The process will not stop and will continue to be pushed until it happens.
According to Newshound Guru Pimpy :
The article discusses the recent changes in business dealings in Iraq, stating that the country has decided to replace the US dollar with other currencies to stabilize the dinar. While this decision is certainly a positive development, it will take some time for it to be fully implemented. I am eager to see how Iraq fares in the first quarter of next year, as by then any issues with the new programs should have been resolved, and we can expect to see tangible results by the start of 2024.
According to Iraqi Dinar Newshound Guru Militia Man :
An article from MeetMeOnline quotes the World Bank saying that the easing of global commodity prices, the revaluation of the dinar, and continued price subsidies are expected to prevent inflation from rising. The revaluation of the dinar is seen as crucial in this regard. The World Bank is optimistic that the revaluation will enable various benefits to the economy.
According to Intel Guru MarkZ :
Over the weekend, several redemption center contacts have reported that they were working to train new personnel to fill out their teams instead of redeeming people. This is significant news, as it is believed that they were training individuals at the teller level in foreign currency and exchange procedures for the upcoming exchange. This indicates that we are very close to the event. It’s exciting to know that the redemption center staff spent their Saturday and Sunday preparing for the exchange.
According to Iraqi Dinar Newshound Guru Clare :
The dollar crisis has become a policy issue due to the American sanctions and the continuous devaluation of the dollar by private banks, which are protected by influential people. Unfortunately, the citizens bear the brunt of this conflict. However, there are solutions available. During our tenure at the Ministry of Finance (2006-2010), we were able to increase the value of the dinar from 1,500 dinars to the dollar to 1,170 dinars to the dollar. Our plan was to further increase its value to reach 1,000 dinars to the dollar, and then remove the zeros from the currency so that it would be equal to the dollar. Baqir Jabr Al-Zubaidi, the former Minister of Finance, has written extensively on this issue.
According to Intel Guru Frank26 :
It has been recently announced that the Iraqi dinar is going to be added to a basket of currencies that float, which is why the Central Bank of Iraq has been discussing coins and the basket. All their talks are centered around the exchange rate of the Iraqi dinar, and how it will help eliminate the black market. The only way to achieve this is by introducing a new exchange rate and currency that matches it. The government is currently preparing its citizens for this change. This marks the highest point of monetary reform in Iraq.
According to Iraqi Dinar Intel Guru MarkZ :
According to a report via PDK, the Iraqi Prime Minister has ordered reforms to the country’s banking sector. He also addressed exchange rates, with a financial expert predicting a decline in the dollar exchange rate. The expert expects the Iraqi dinar to continue gaining strength against the US dollar. In addition, BRICS countries have reportedly agreed to allow Iraq to use their own currency for the importation of goods, with a discount offered for such products. This is part of Iraq’s efforts towards de-dollarization, with plans to establish a free trade zone for selling local goods in their own currency.
