Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (11-27-2023)

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These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions

According to Iraqi Dinar Newshound Guru Militia Man :

The shift away from the US dollar is currently in progress. As the Oil and Gas Law is expected to be passed soon, along with the distribution of allocations for the 2023 budget and investment projects, a new exchange rate is likely to emerge. It is anticipated that the newest exchange rate will be Article VIII compliant and will be the focus of attention. The exchange rate is expected to play a crucial role in all these developments.

According to Newshound Guru Pimpy :

An Iraqi delegation is scheduled to visit Turkey tomorrow to discuss the possibility of opening correspondent accounts for Iraqi banks. The purpose of the meeting is to finalize the details of the currency swap agreement that we have been discussing for the past couple of weeks. As part of the agreement, Turkey will hold Iraqi dinar while Iraq will hold the currency of Turkey. This is a positive development for both countries and the currency swap is expected to bring several benefits.

According to Iraqi Dinar Intel Guru MarkZ :

According to reports from Iraq, there is a lot of excitement about the country’s currency. Rumors suggest that new lower denominations are being introduced and people are being educated about them. These denominations are said to be more visible in the Kurdish region. Additionally, several ministers have claimed that the “parallel market” will be fixed in the coming days, possibly through a revaluation of the currency.

According to Newshound Guru Kaperoni :

It would be problematic for the value of the dinar to significantly increase to its face value with 90 trillion dinars in circulation, as it would be six times more than the entire wealth of the country. This is why I have emphasized that if the dinar ever increases in value, it should happen gradually over time to reduce the dinar money supply. However, this can only happen if Iraq’s economy starts to improve significantly.

According to Iraqi Dinar Newshound Guru Clare :

According to the Central Bank, there is no shortage of dinar stocks and the monetary supply currently exceeds 100 trillion. About 70% of the monetary mass or the exported currency is in circulation.

According to Intel Guru Frank26 :

It has been reported that JP Morgan Chase is now involved with the Iraqi dinar. While there may be some doubts, the bank is said to be providing guidance on the matter. The CEO of Chase, Mr. Diamond, recently released a statement indicating that the bank is fully supporting the Iraqi dinar and is even building Chase Banks in Iraq. However, the employees of Chase are not fully informed about the situation in order to protect the corporation. It is believed that the bank will soon be exchanging the Iraqi dinar in America.

According to Iraqi Dinar Intel Guru MarkZ :

[via PDK] A lot is happening in Iraq and it seems like the next few days will be interesting. An article reports that an Iraqi financial delegation is heading to Ankara to discuss trade with Turkey. This shows that Iraq is becoming more active on the international scene and is functioning as if it is already a member of the World Trade Organization. They are also busy forming regional alliances.

According to Newshound Guru Militia Man :

The banks have now gained liquidity due to the completion of various currency swaps. Meetings have been held with different countries to discuss these swaps, which are remarkable because they will allow the Iraqi dinar to be cleared with currencies that comply with Article VIII.

According to Iraqi Dinar Guru Nader From The Mid East :

I have some great news to share! This morning, a delegation left the country to discuss exchange rates with other countries. Their first stop will be Turkey. According to an article, the delegation will head to Ankara tomorrow (Monday) to discuss the regulation of trade exchange between Iraq and Turkey.

According to Newshound Guru Pimpy :

There was a content creator who misinterpreted an article about the Iraqi dinar. We need to clarify the mistakes that were made so that people don’t panic. The article titled “We are not thinking of returning the dollar to its previous price and the problem began under Saddam – Central Bank” did not mention anywhere that the Iraqi dinar would be returned to its previous rate of $3.22. It only said that it would be returned to its previous price, which is 1450 dinar. This means that the Central Bank is not going to devalue the Iraqi dinar.

According to Iraqi Dinar Intel Guru MarkZ :

According to reports from PDK, Iraq has shifted its business dealings from the dollar to other currencies as an effort to stabilize the dinar. This is known as “de-dollarization” and their goal is to be completely free from the dollar by January 1st. The plan is to create a basket of currencies that will support the dinar and provide an alternative to the dollar. This move is seen as a step to measure economic progress against other currencies, rather than just the dollar.