Iraqi Dinar Guru Update (08-08-2023)

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Newshound Guru Militia Man

In my opinion, the black market will disappear once Iraq increases its exchange rate to surpass that of the dollar.

Intel Guru MarkZ

[via PDK] The situation in Iraq involves the demand by Al Musawi for public trials of those who participated in the theft of 2 and a half billion dollars by government officials, with Al Kazemi being the current leader. The people of Iraq want full disclosure and transparency regarding this matter, and they believe that holding these trials is a necessary step towards preventing such incidents from occurring in the future. This move is seen as a significant and healing step towards ensuring safety and transparency in the government.

Intel Guru Frank26

[Iraq boots-on-the-ground report] FIREFLY: I met with a friend at the bank who shared their opinion that the official exchange rate may decrease from 1320 to around 1100 or 1000. Rumors suggest that this rate change is necessary. FRANK reminded me that we had previously predicted a third exchange rate between 1200 and 1000, making it easier to remove three zeros from the currency. In my opinion, the IQD will likely be the next currency to go through this process.

Newshound Guru Pimpy

There is no distinction between the in-country exchange rate and the exchange rate for outside the country. We receive the same information about the exchange rate as the Iraqis do, and they do not receive any advance notice.

Guru Nader From The Mid East

Iraq needs a fair exchange rate of 1 to 1, which is not unreasonable as the country is rich with resources such as oil and gas. With an influx of tourism and manufacturing, Iraq will have many opportunities to grow and prosper like any other country. Therefore, it is imperative that Iraq receives a new exchange rate that is on par with other nations, and it is likely to happen in the near future.

Newshound/Intel Guru Walkingstick 

The instructions of the budget and monetary reforms next step indicate a decrease from 1200 to 1000. This change affects the exchange rate, which is always a component of the budget. However, the new exchange rate has not yet been published in the Gazette. The budget law, which includes the exchange rate, has been published, making the exchange rate visible to the public. We are still waiting to see if the exchange rate will differ from the previous rate of 1320.

Newshound Guru Militia Man

It seems that they are emphasizing the importance of their dinar as a symbol of their sovereignty. It’s time to take action and make it happen. From what I can gather, they are moving forward with their plans quite swiftly. We may witness significant developments in the near future, whether it’s this week or later. They seem to be actively working towards their goals and not slowing down.

 Intel Guru MarkZ 

  [via PDK]  Member comment:  According to reports, a customer asked a banker about the purpose of new offices and was informed that they were meant for currency exchanges. When the customer inquired about the exchange rates, the banker mentioned that the rate for the Vietnamese dong would be $3 per unit. MarkZ also shared that similar incidents had occurred in various locations.

 Intel Guru Frank26

 [Iraq boots-on-the-ground report]   FIREFLY: We heard on TV that the budget is now active as the instructions have been given. Frank informed me that my budget is now open, but there are some issues with amendments and appeals being added to it at the moment. Once those are resolved, I will be able to access more of my presents on Christmas Day.

Newshound Guru Clare

Article: According to a quote from Hanan Munther Nassif, the Director General of the Iraqi Gazette, the instructions for the tripartite budget law were published in the Iraqi Al-Waqi newspaper on Monday and have since gone into effect. The publication of these instructions in the Official Gazette marks an important step forward for the implementation of the tripartite budget.

Newshound Guru CANDYKISSES

Article: A campaign titled “Our Dinar” has been proposed to bring the dollar exchange rates back to normal. The campaign emphasizes the need for collaboration between government institutions, the private sector, and the media to support the use of dinars exclusively and discourage the use of dollars. This will help raise the value of the dinar and stabilize the market, making it an important step towards achieving this goal.

Intel Guru MarkZ

[via PDK] I have been repeatedly informed that the Non-Disclosure Agreement (NDA) will pertain to the rate. We are allowed to disclose that we exchanged dinar, but we must refrain from revealing the exact rate we received. This information was relayed to me, and it seems reasonable.

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