Iraqi Dinar Guru Update (08-02-2023)

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Intel Guru Bruce stated that :

[via WiserNow] Based on the information we have, it appears that all banking matters have been taken care of. I am eagerly anticipating receiving a notification regarding this. I hope to receive it tomorrow. The person who informed me must have had confidence in their statement. It seems that progress is being made. We will wait and see what unfolds.

Intel Guru Frank26 stated that :

Currently, there seem to be no problems with Kurdistan or the monetary reform. However, Iranian politicians are trying to steal and are constantly being caught, arrested, and kicked out of Iraq. As a result, they are losing their merchants and banks, which is a positive development as it is preventing the release of the new exchange rate of the Iraqi dinar and the new lower denoms and coins.

Newshound Guru Kaperoni stated that :

When people refer to “deleting the zeros,” they are actually discussing a redenomination or LOP, which is not what we are hoping for.

Newshound Guru Militia Man stated that :

Looking back over the past few months, there has definitely been progress made. While it may seem like they are constantly postponing decisions, it’s important to consider that the circumstances are constantly changing and require constant adjustments. There is a lot of work happening behind the scenes that we may not be aware of.

Newshound/Intel Guru Walkingstick stated that :

It seems that the articles on monetary reform are not accurately reflecting its current state. In reality, the reform has advanced much further than what is being reported. The budget is fully prepared and includes the new exchange rate as one of its top priorities. This is why many believe that once the budget law is passed, the value of the dinar will increase.

Newshound Guru Clare stated that :

Article: It has been reported that the State Council will be releasing instructions for implementing the financial budget for the next three years in the upcoming week. The auditing process was completed with the presence of the Minister of Finance, Taif Sami, and other relevant authorities from the Ministry of Planning. This was done with the intention of making the implementation of the budget as smooth and easy as possible.

Intel Guru Frank26 stated that :

FIREFLY: According to the US ambassador, the CBI has taken appropriate actions against banks dealing in dollars, resulting in the removal of sanctions on those banks. This news has already caused a decrease in the street market and an overall improvement.

Intel Guru MarkZ stated that :

[via PDK] Iraq and Kuwait are currently in talks to resolve any unresolved territorial and maritime border issues stemming from the Iraqi invasion of Kuwait during Saddam Hussein’s regime. Both countries are dedicated to settling any outstanding disputes, including those concerning joint oilfields. The updates from Iraq are continuously positive.

Newshound Guru Samson stated that :

Article: According to Al-Sudani, the guidelines for the general budget law will be released this week in the Iraqi Gazette.

Newshound Guru Pimpy stated that :

Many of us are eagerly anticipating the passage of the budget law. While we have heard that it has been passed, we are now in need of clear instructions on how to allocate the budget. Unfortunately, this situation is not uncommon in Iraq and it’s frustrating to see the government struggle to get things done. The law passed some time ago and went through the proper channels, but it has since been halted due to the lack of clear instructions on how to distribute the money. It’s a frustrating and perplexing situation.

Newshound Guru Samson stated that :

This week, the instructions of the general budget law will be published in the Iraqi Gazette, according to Al-Sudani.

Newshound/Intel Guru Mnt Goat stated that :

It seems like there is a lot of information that is being kept from us, and it’s possible that we won’t know the full story until one day we wake up to find that the FOREX has been updated and the dinar has been reinstated. However, we should keep in mind that this process can’t just happen overnight – there are steps that need to be taken, such as deleting zeros. While the RV is on its way, I want to avoid getting too excited or spreading false information. It’s important that we remain calm and let things unfold naturally.

Intel Guru Frank26 stated that :

FIREFLY: According to recent news from parliament, the budget law will have a positive impact on the value of the dinar. It has been announced that the budget will be implemented in the next few days and a committee has been formed to monitor the exchanges.

Intel Guru MarkZ stated that :

[via PDK]   I am aware of several well-connected individuals who are currently traveling to their destinations and will arrive by Friday. It is my hope that this indicates the situation is reaching its conclusion, although it remains uncertain. However, the significant number of reports from those who were requested to travel and be present is quite promising. Please remain composed, but it is certainly becoming more intriguing.

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