Iraqi Dinar Guru Update (07-22-2023)

According to Newshound Guru Clare  :

Article: The issue of the strengthening of the dollar is becoming prominent again, with an upcoming parliamentary action. The Parliamentary Finance Committee has announced its plan to invite the Governor of the Central Bank and the Minister of Finance next week to discuss the reasons behind the uncontrolled parallel exchange rate.

According to Iraqi Dinar Intel Guru Frank26  :

Article Quote: The parallel price denotes the market exchange rate of the dollar, which differs from the official rate set by the Central Bank of Iraq at 1132 dinars per dollar, as approved by the Council of Ministers. It is unclear when the announcement will be made, but the exchange rate has suddenly changed, which contradicts the government’s previous information that the rate was 1320.As a user, I had hoped for a decrease in the exchange rate to 1100 or even 1000, which would enable the removal of zeros and establish a 1 to 1 rate.

According to Newshound/Intel Guru Mnt Goat  :

Article: Iraq needs to pass crucial legislation, including the Oil and Gas Law, to finalize their budget. The Oil and Gas Law is closely connected to Article 140, which increases its significance, which further strengthens its importance. The laws are interconnected and cannot be easily isolated from one another.

According to Iraqi Dinar Newshound Guru Militia Man  :

[via PDK] In the near future, we are eagerly anticipating certain developments. Specifically, I am interested in the budget allocations for 2023, 24, and 25, as it is important for funds to be invested in various projects. Hopefully, we will witness tangible progress soon. It is an intriguing period for us, with many individuals eager to participate in business transactions using a previously established exchange rate that is internationally accepted in the region. Iraq is currently attracting a lot of attention. These are exciting times and I am feeling optimistic.