These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Newshound Guru Militia Man :
They’re saying it’s done. I think you should be happy because if all the currency swaps are taken care of, it could be a precursor to an exchange rate change in the future.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Many financial experts hope to see the RV by Dec 1st, which is their goal. Iraq has been clear it needs it done by Jan 1st.
According to Newshound Guru Pimpy :
There are significant differences in the economic situations of Kuwait and Iraq. According to World Bank data, in 2019, Kuwait had a GDP per capita of about $29,000, while Iraq was at $5,000. One reason for this difference is that Kuwait shares its wealth with its citizens, while Iraq does not. Although this clearly indicates that Kuwait is wealthier on a per-person basis than Iraq, it doesn’t necessarily mean that Iraq cannot improve its economic situation. Once the Iraqi people become prosperous, they could quickly surpass Kuwait in terms of economic prosperity. Therefore, it is important for Iraq to follow Kuwait’s example and work towards improving their economic conditions for the benefit of their citizens. [Post 2 of 2]
According to Iraqi Dinar Newshound Guru Pimpy :
[Response to Guru Nader below] It is my belief that Iraq has the potential to be much wealthier than Kuwait, and could even have a more valuable currency than the Kuwaiti dinar. According to the guru Nader, Iraq is not just a little richer than Kuwait, but 1000 times richer. I have compared the two nations side-by-side and found that Iraq has much more of what makes Kuwait a rich nation. However, there are some factors that are holding Iraq back. One major factor is their reliance solely on oil exports as their primary source of income. While Kuwait also relies heavily on oil exports, they have diversified their economy with other sources of revenue. In conclusion, Nader is right – Iraq has a lot more oil than Kuwait, but Kuwait has other sources of income that contribute to its overall wealth. [Post 1 of 2….stay tuned]
According to Guru Nader From The Mid East :
It is important to understand that Iraq’s assets need to be revalued. If you compare the assets of Iraq and Kuwait, you will notice that Kuwait has very little to offer; no significant agriculture, and only a small tourism industry. Kuwait is not usually top of mind when thinking about prosperous nations. However, the reality is that Iraq is much richer than Kuwait, about 100 to 1000 times richer. This is because Iraq is a much larger country. Therefore, when the head of state claims that the dinar is stronger than the dollar, it is important to believe him. This is because the dinar is indeed stronger.
According to Iraqi Dinar Intel Guru MarkZ :
According to sources, there is no official exchange rate posted for Iraq yet. However, there are strong indications that positive developments are on the horizon and it is likely that the rate will be announced soon. Although the exact timing remains unknown, it seems like the window of opportunity for this currency exchange is still open and waiting for the green light to proceed.
According to Newshound Guru Clare :
The Central Bank of Iraq has increased the number of banks that can directly enhance their dollar balance to 10 banks, five of which are through Citibank, and the other five are through JP Morgan Bank. The decision came after recent meetings held between the Central Bank of Iraq and the American side. This move has been approved by the US and is expected to benefit the Iraqi banks.
According to Iraqi Dinar Newshound Guru Pimpy :
I was thinking about Iraq’s current situation. Currently, Iraq is heavily reliant on imports. During such times, a country would normally want to increase their exchange rate. This would give them more purchasing power. However, Iraq is not taking this step. I was wondering why they don’t just increase the exchange rate. This would increase their purchasing power and help them deal with the deficit. If the exchange rate is higher, it would increase the value of the Iraqi dinar, allowing them to purchase more goods at a cheaper rate.
