Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (12-23-2023)

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

According to Iraqi Dinar Intel Guru Frank26 :

The value of the dollar is gradually declining in Iraq. As a result, Iraqi citizens are increasingly avoiding its usage in commercial transactions like business or market dealings, and instead using their own currency as directed. This shift in behavior is causing the Iraqi dinar to gain ground while the value of the dollar continues to fall.

According to Newshound Guru Militia Man :

“I believe that Iraq should have a managed float system, where the exchange rate is fixed at a certain ratio, say 1 to 1, 2 to 1, 3 to 1, or 4 to 1, depending on what they decide. The higher the exchange rate, the easier it is to defend. It’s important to have a stable budget for at least three years, as this helps to maintain price stability. Anyone who thinks that the exchange rate will fluctuate from a low to a high range over time doesn’t understand how it works. According to Saleh, who is an advisor, the exchange rate will be fixed, especially since it’s been fixed in the federal budget law for three years. Therefore, talking about a float system doesn’t make sense.”

According to Iraqi Dinar Newshound Guru Clare :

The article titled “CBI Governor: Int’l welcome to the Iraqi banking sector’s commitment to compliance rules” includes a quote from the governor stating that Iraq is experiencing a reorganization of the external transfer process. This process is now being conducted through correspondent banks rather than the Central Bank or the Federal Bank being the executive interface for this process. This marks the first time such a change has been implemented in Iraq.

According to Newshound Guru Kaperoni :

It is widely known that progress in Iraq is slow. In order to achieve success, Iraq must undertake a lot of work. Firstly, over 100 stalled laws need to be passed through Parliament to encourage investment in the country. Additionally, the Central Bank of Iraq must continue the reforms to the banking system, including digitalization, and apply monetary tools to meet compliance.

According to Iraqi Dinar Guru Nader From The Mid East :

“That’s what’s slowing down the whole process. It’s because people are still using the dollar in Iraq, including me. When I was there last week, I used a dollar in Iraq. Why? Because it’s much more convenient. It’s smaller in size and you don’t have to carry a lot. You can carry $500, $600, $700 or up to $1000 at max. If I didn’t have the dollar and had to carry dinar instead, it would be a lot in my pockets.”

According to Intel Guru MarkZ :

According to one of my sources, there hasn’t been much news from Iraq today. The reason for this could be that the local elections had an impact on our timing and the ballot counting is currently underway. If my source is correct, the counting should be completed in the next day or so, possibly as early as today. Another source in Iraq believes that the rates will be released in the country soon after the new electees are seated, which could happen in a day or so, or even as early as today.

According to Iraqi Dinar Newshound Guru Pimpy :

The ultimate goal is to transition into a cashless society. However, the decision to eliminate the US dollar has no direct impact on the Iraqi dinar exchange rate. In my opinion, there is a possibility of a slight increase in the exchange rate during the first quarter or beginning of the second quarter due to supply and demand. If the use of Iraqi dinar becomes more prevalent within the country, it will boost the currency’s strength. Additionally, as the dollar becomes obsolete, the demand for the Iraqi dinar will grow, leading to a surge in its exchange rate.

According to Intel Guru Frank26 :

[Report from troops on the ground in Iraq] FIREFLY: A television show claims that we want to be independent of the dollar in terms of money. FRANK: We couldn’t get much more direct and to the point than that. Money is what people mean when they use the term “monetary.”They desire the dominance of your money…They have informed you that you will only be able to use your sovereign national currency after January 1st. That sounds to me like a currency that is really proud to be revealed to the public. a currency whose value is about to increase. It doesn’t seem like the rate that has been consistently authorized and scheduled to rob you folks of your future…

According to Iraqi Dinar Newshound Guru Militia Man :

“They have announced that there will be only one currency by the beginning of next year. Additionally, they have stated that taxation will be implemented on the dinar, customs, and borders this year. However, it is crucial for them to educate the citizens effectively about these changes in the next 10 days. We will have to observe and see how it unfolds.”