These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi DinarIntel Guru Frank26:
Alaq and Sudani are doing a good job. However, when I look at Maliki, Abadi, and Kudami, I don’t see them as equivalent to Sudani. All three of these prime ministers were bad.
According to Newshound Guru Pimpy:
In my opinion, Iraq has the ability to do a controlled free float of their currency. People often wonder why the Iraqi dinar doesn’t free float, and the answer is that it could be very risky. However, if they did float their currency, they could benefit from it and move in the right direction. This could make people think that Iraq has something valuable to offer and that it has a bright and strong future. I personally believe that Iraq could benefit from being on the Forex, but first, they need to remove the restrictions on their currency. Currently, the Iraqi dinar is only on the local Forex, but not on the big Forex.
According to Iraqi DinarNewshound Guru Breitling:
It’s important to note that if Iraq is planning to increase the value of their currency, they wouldn’t need to take drastic measures such as shutting off the dollar in their country or reducing their money supply. They also wouldn’t need to eliminate the 50 dinar note or pass new banking laws. All they have stated is that they want to add value to their currency, and that’s their primary goal.
According to Newshound Guru Militia Man:
They plan to build roads, railways, residential and industrial cities. Will it be compliant with Article VIII?
According to Iraqi DinarIntel Guru Frank26:
[Iraq boots-on-the-ground report]FIREFLY reported on television that the CBI governor stated that the reason for the lack of funding for the budget instructions is internal and not related to the exchange rate. However, FRANK corrected this statement by pointing out that it is actually due to the relationship between the dinar and the American dollar, which is the exchange rate they are referring to. It was noted that the CBI is working to eliminate terrorism within the organization. This is necessary to ensure the success of the monetary reform plan, which is progressing smoothly.
According to Intel Guru Bruce:
[via WiserNow] Today’s report informs us that the rates are exceptionally good. We have observed that the dinar’s value increased on Forex yesterday and is now available for trading on both Forex and bank screens. The rates are currently very favorable.
According to Iraqi DinarNewshound Guru Sandy Ingram:
Many people are not aware that Iraq has a valuable secret asset – the ancient city of Babylon, which is only 54 miles away from the capital city of Baghdad. Though the country had been busy drilling for oil, the gold deposits have remained unchanged. As per reports, the value of gold production could someday rival or even exceed that of oil production. Today, Iraq still holds a massive amount of gold in the eastern Baghdad region, the western desert, and the Kurdistan area, all of which have been discovered to have enormous gold deposits. Currently, mining operations are underway to extract this valuable resource.
According to Newshound Guru Pimpy:
There are still issues with the exchange rate. Currently, the solution proposed is to increase interest rates for customers who deposit their money and leave it in the bank. With a 7.5% interest rate, it is a good deal for those who choose to leave their funds in the bank account. In the past, we had similar options available, but unfortunately, they are no longer available.
According to Iraqi DinarIntel Guru Frank26:
Report from the Ground in Iraq Firefly mentioned that the news on TV said that the banking sector in Iraq would benefit from the decision to raise the interest rate. In response, Frank pointed out that the reason behind the conversation about raising the interest rate is the expected increase in the value of the exchange rate.
According to Newshound/Intel Guru Mnt Goat:
We have received information that the Global System for the Automation and Modernization of Customs (ASYCUDA) project is progressing well. The project requires a link to the International Currency Exchange to provide up-to-date currency rates for accurate conversions between different countries. The system is designed to accept any international currency, not just the US dollar, for payment of customs duties and tariffs. This is part of a larger plan to establish Iraq as a central hub for commerce in the Middle East. According to sources, the revenue generated from this project has the potential to rival the revenue generated from oil. The ASYCUDA system is expected to go live in January 2024. We ask for your patience as the reinstatement process is underway.
According to Iraqi DinarIntel Guru MarkZ:
[via PDK] Question: What is your current rate expectation for the dong? MarkZ: I expect it to be in the low $2 range, around $2.25. However, most of my sources suggest it could be closer to $3. We will have to wait and see.
