These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Intel Guru Frank26 :
“I don’t think the 1 to 1 exchange rate is a good idea. The government had previously stated their desire to achieve parity with the US dollar and then move away from being pegged to the dollar to a basket of currencies. In this basket, the dollar would be paired with many other currencies. This is part of their monetary reform plan and they have communicated this to us. However, in my opinion, we should take inflation factors into account when calculating the exchange rate. The current exchange rate of 1 to 1 is not reasonable, it’s ridiculous.”
According to Iraqi Dinar Intel Guru MarkZ :
According to a source via PDK, the Central Bank of Iraq has taken a positive step towards regulating foreign trade. Additionally, the CBI recently held meetings with the US Treasury and the Federal Reserve to discuss Iraq’s status of becoming an international entity. It seems that the changes made by Iraq have been satisfactory, and they are on track to being fully recognized internationally.
According to Newshound Guru Breitling :
“There are a lot of articles circulating that claim starting from January 1st, commercial transactions will only be allowed in dinar. The question is, how significant is this development? Well, it is a very significant development indeed. This is because it marks, at the very least, the beginning of the end of Iraq’s currency value depreciation. In fact, it is expected to be the starting point for the appreciation of the dinar.”
According to Iraqi Dinar Newshound Guru Jeff :
“You can exchange your dinar at the 53rd Bank on the east coast. I have already consulted with them and confirmed that there will be no fees charged for the exchange of your foreign currency.”
According to Newshound Guru Clare :
Iraq and the UAE have agreed to launch financial transfer operations and trade financing between the two countries. The Central Bank of Iraq issued a statement stating that its Governor, Ali Mohsen Al-Alaq, met with Hana Al Rostamani, Chairman of the First Abu Dhabi Bank Group, in Dubai. During this meeting, they agreed to finance trade and imports between the two countries using the UAE dirham currency through First Abu Dhabi Bank.
According to Iraqi Dinar Newshound Guru Militia Man :
Iraq has been expressing its intention of going international for quite some time now. In fact, they have been working towards this goal for an extended period of time and seem to be finally making progress. Recently, they have publicly announced that they will start spending money, which is expected to happen around the 20th of this month. Additionally, they have also implemented a taxation system that uses dinar. All these smaller details and timelines that they have shared with us will gradually come together, and we will soon see how they play out. This is an incredible process that is currently underway.
According to Intel Guru MarkZ :
Most of the Iraqi people and my banking contacts believe that we are only a couple of days away. However, we are still uncertain about the exact timing. Nevertheless, I am thrilled about the prospects.
According to Iraqi Dinar Intel Guru Frank26 :
I always believed that the rate would increase within a year, but now I think it could happen anywhere within 3 to 6 months, in my opinion.
According to Newshound Guru Samson :
The Central Bank Governor visits the International Development Bank branch in Dubai.
According to Iraqi Dinar Newshound/Intel Guru Walkingstick :
“Why are they only spending 20% of their budget in 11 months? In my opinion, they might be waiting for a new exchange rate. They plan to use their currency, which will reduce the pressure on citizens by adding value to their currency. They have announced that they will stop using the dollar on January 1, 2024 because education on monetary reform is key and they want to keep everyone informed about the current status of the process.”
According to Newshound Guru Pimpy :
“When this event occurs, and it is likely to happen, we cannot predict its occurrence in 2024. However, this does not imply that it cannot happen in 2024. I expect a change in the exchange rate to occur in the first quarter as the use of the dollar is phased out and the dinar is increasingly used in business transactions with countries that have done a currency swap. As a result of the increased demand for dinar, its value is expected to rise.”
According to Iraqi Dinar Intel Guru Frank26 :
In the Bank Story, a lady went to the wealth department of a Chase bank branch in Beaver, West Virginia. She asked the lady at the bank if they could exchange her foreign currency, including the Iraqi dinar. The bank representative was polite and informed her that they were not yet ready to exchange the dinar, but should be able to do so a week from the following Friday. The lady at the bank assured her that they would be able to exchange the currency and asked her to come back on the 21st or 22nd. The conversation was positive and respectful, and the lady at the bank promised to take care of her.
According to Newshound/Intel Guru Mnt Goat :
According to my source, we now know when the plan was first discussed and it is still possible to execute it, depending on the outcome of the US bombing issue. However, my contact emphasized that the process is irreversible and must proceed. The US has already given their assurance that they will not withdraw support if the CBI moves forward. So, for now, we should stay patient and observe what happens in the coming week.[Post 2 of 2]
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat :
“I asked my contact at CBI about the next steps for the Iraqi dinar. They informed me that the committee is currently unaware of the next targeted steps and has been instructed to standby, while the CBI tries to push the process forward. Apparently, the IMF is negotiating the new peg for the dinar, which will impact all countries involved. The negotiations are almost completed and expected to be finalized by the end of this week. The plan was for the currency swap to begin next week, but it has been delayed until further notice.” [Post 1 of 2….stay tuned]
According to Intel Guru RayRen98 :
According to Babysmom, the IMF has released everything related to the RV to individual countries, which means they are done with it. WOOHOO!
According to Iraqi Dinar Intel Guru Bruce :
According to a message received via WiserNow, it seems that something significant is going to happen before Christmas. The message suggests that recent developments indicate that this event could occur very soon. The writer believes that they are on the brink of this happening and that it will be a positive experience. They express hope that this event will result in a prosperous new year.
