These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Newshound Guru Pimpy :
A community member commented, “Pimpy last month said he believed the dinar will revalue in 3 years so I stopped listening…”. However, I would like to clarify that I did not say that the dinar would revalue in 3 years. What I meant was that the value of dinar would gradually increase over a period of three years. There is a significant difference between these two statements.
According to Newshound Guru Kaperoni :
“I hope that everyone involved in this investment will find success, although it may take some time. It could even take 1 to 5 years, although I hope it won’t. However, I do believe there’s a chance that things could happen quickly over the next 36 to 48 months. Ultimately, it all depends on the situation in Iraq.”
According to Iraqi Dinar Guru Nader From The Mid East :
Don’t worry about the budget. Its impact on interest rates is limited, although it does play a role in strengthening the economy.
According to Newshound Guru Pimpy :
You’re forgetting that Iraq relies heavily on oil revenues to fund their budget, which must be addressed before any major changes can be made to the Iraqi dinar exchange rate.
According to Iraqi Dinar Intel Guru MarkZ :
There is a lot of anticipation for the next few days as everything still appears to be on track. There is a big push to get the US military out of Iraq immediately, and Iraq’s PM has stated that the government is working towards ending the presence of US-led coalition forces in the country. In the past, Donald Trump said that they would not completely leave the country until they had been paid for the war effort, so the fact that there is a push to get them out in the “next coming days” could be a sign that the RV (revaluation) needs to happen soon. Additionally, Iraq has indicated that the problems with the parallel or black market selling of the dollar will be resolved by the first of the month. We may not make it by the first, but it is believed that it will be very close. Buckle up for this week!
According to Newshound/Intel Guru Walkingstick :
The current exchange rate of 1310 IQD to 1 USD is actually a good rate. This is because it allows the Central Bank of Iraq (CBI) to maintain control over the exchange rate of the IQD and prevent any profiteering. By holding the rate steady at 1310, there is no incentive for people to steal or hoard dinars. Additionally, the CBI’s management of the IQD exchange rate also affects the value of the USD against the IQD, giving the CBI even more control over the dinar’s value.
According to Iraqi Dinar Newshound Guru Militia Man :
The proof is in the pudding. Anyone who claims it won’t happen hasn’t done their research. I believe it’s reckless when people do that.
According to Intel Guru Frank26 :
“I want to clarify that this is not an RV, as some people mistakenly believe. This is a reinstatement, specifically relating to the numbers involved in the reinstatement of the fils. The amount of information being shared is mind-blowing, and it seems that we have finally reached the point of monetary reform. In my opinion, the reason for the urgency in conveying so much information in a short amount of time is because January 1st is fast approaching.”
According to Iraqi Dinar Newshound Guru Pimpy :
According to an article, Parliament is currently waiting for the schedules of the 2024 budget and is preparing for major changes in numbers. As I mentioned earlier, if there is going to be any change in the exchange rate, it would most likely happen at the end of this year or before the beginning of the next year, i.e., 2024. The reason for this is that businesses in Iraq have to prepare their budgets based on what the government in Iraq decides to do. The fact that they are reconsidering the total revenues and expenditures for the year makes me wonder what they have planned. There are no guarantees, but if they are going to change the exchange rate, this would be the ideal time to do it.
According to Newshound/Intel Guru Mnt Goat :
It appears that Iraq is slowly returning to a state of financial normalcy, which includes complying with international banking standards. However, implementing these reforms involves more than just setting up the required systems and mechanisms- it requires consistent and sustained effort, which we have seen over the past few years. Despite the slow progress, it’s important to remember that Iraq is still under the supervision of the US Treasury and is working closely with them at their own pace. This is a positive development since we want the US to support this process and give the “green light” when it’s time. This is why the US Treasury has made several visits to Iraq recently.
According to Iraqi Dinar Intel Guru MarkZ :
[via PDK] Question: What do you think the dong rate will be? MarkZ: I am still looking at $2 or $2.25…but my bank contacts think this is low. They think it may be as high as the $3+ range.
