These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Intel Guru Frank26 :
We’re interested in hearing Sudani and Alaq’s thoughts on the new exchange rate, and not concerned about anything else. Why don’t we care about other things? It’s because the new exchange rate is the only thing that matters to us at the moment.
According to Intel Guru MarkZ :
I received a message via PDK that there is a lot of commotion going on today. I am surprised to hear from some of my colleagues in foreign currency and wealth management. I refer to them as redemption contacts. They will be on call tomorrow, which will be their first major holiday where they will be required to be available in case of an emergency. This is a big deal in my opinion and it’s a first for me as well.
According to Iraqi Dinar Newshound/Intel Guru Walkingstick :
An update has been received from Aki Iraqi Bank regarding a recent meeting held by the Central Bank of Iraq (CBI). Aki’s boss, Number 1, informed Aki that the CBI held an “all hands on meeting” with the upper management of every bank in Iraq, without any politicians. It is believed that during this meeting, the new exchange rate of the Iraqi dinar and the new small category notes were discussed. Aki predicted that the exchange rate would change from 1,200 to 1, while WALKINGSTICK suggested that it would likely be more in the range of 1,000 to 1. Once this exchange rate is achieved, the three zeros can be lifted.
According to Newshound Guru Pimpy :
In recent news, it has been reported that Iraq has engaged in another currency swap. The announcement of their intention to prepare for currency swaps with the UAE is a significant development. The more frequently Iraq engages in currency swaps with other countries, the stronger the Iraqi dinar becomes. This is due to the principles of supply and demand. In order to conduct a currency swap, both parties must exchange their respective currencies. As more countries engage in currency swaps with Iraq, the demand for Iraqi dinars increases, thus driving up its value.
According to Iraqi Dinar Newshound Guru Militia Man :
In an article dated July 26, 2023, Alaq talked about the rise in the exchange rate during his tenure and the ongoing project to delete the zeros from the currency. The plan is still in progress and has not undergone any changes. The financial landscape is constantly evolving, and we have already seen the Bank of International Settlements warn people about the complex financial transactions and potential shocks. It seems like there are some significant events unfolding in the background.
According to Intel Guru MarkZ :
It seems like you’re asking about the difference between RV and RI. According to my understanding, RI means that they are reinstating the old value, while RV is revaluing it at a different rate. Both options can be beneficial, but in case of RI, the rate is expected to be around $3.30, whereas in RV, it could be different. In either case, there is a possibility of additional value being added for inflation, which could further raise the rate to around $4 or more. I hope this explanation helps you.
According to Iraqi Dinar Newshound Guru Clare :
An upcoming meeting is scheduled between the Iraqi Central Bank and the US Treasury next week. During the last meeting, which took place on September 19 in New York, Iraqi Prime Minister Muhammad Shia al-Sudani informed the US Treasury Under Secretary about the efforts his government has made in reducing money laundering operations. The Under Secretary indicated that the confidence of global financial institutions had been restored. The focus of the new meeting is expected to be on the use of the dollar in Iraq.
According to Newshound/Intel Guru Mnt Goat :
It seems like the saga surrounding the Iraqi dinar RV is getting more interesting as time passes. We are almost at the end of this long journey, and recent developments have provided more clarity about the situation. It no longer seems like a matter of “if” this event will occur but “when”. Iraq has shared some useful information that supports our assumptions about the situation.
According to Iraqi Dinar Newshound Guru Samson :
An upcoming meeting between the Iraqi Central Bank and the US Treasury is scheduled for next week.
According to Intel Guru Frank26 :
During our tenure at the Ministry of Finance from 2006 to 2010, we were successful in raising 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 1,000 Dinars to the dollar and then remove the zeros so that the Dinar would be equal to the dollar. This is the final step towards achieving our goal. In my opinion, the Central Bank of Iraq will be meeting with the US Treasury next week, which is exactly what we have been waiting for. [Post 2 of 2]
According to Iraqi Dinar Intel Guru Frank26 :
Around two months ago, there was a sudden and significant change in the exchange rate of the Iraqi dinar, causing it to move from 1460 to 1320. At that time, it was expected that the next step would be taken. I mentioned that with this change, going from 1320 to 1, the next logical step would be 1,000 to 1, which would position them to remove three zeros from the currency and allow it to float in a basket. [Post 1 of 2….stay tuned]
