Iraqi Dinar Guru Update (08-15-2023)

Iraqi Dinar Guru
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Newshound/Intel Guru Walkingstick

I see no concern with the HCL in relation to the Kurds and Baghdad. In my opinion, the budget is equivalent to the HCL, and the HCL is equivalent to the new exchange rate.

Newshound Guru Militia Man

Article Quote: The parliamentary economic committee is united with the government and the central bank in their efforts to combat speculators involved in the exchange rate. The consensus is that the parallel market needs to be eliminated, but the question remains: how can we achieve this? A possible solution is to alter the exchange rates to a Real Effective Exchange Rate, which would effectively shut down the parallel market. This seems to be the underlying message of their statements.

Intel Guru Frank26

[Iraq boots-on-the-ground report] FIREFLY: A friend of mine who works at the bank shared some rumors with me. Apparently, there will be another push to round up the heads of corruption soon. This is expected to be the final push, and they will be scrutinizing the budget and money flow closely. However, it’s important to note that this is all just hearsay at the moment.

Intel Guru MarkZ

[via PDK] Question: We are unfamiliar with RVs, so what can we anticipate? Although we haven’t experienced a worldwide event, there have been numerous RVs. For example, we observed one in China during the 90s, Kuwait underwent one in 91, and Iraq had one in the 1970s. Japan went through this after World War 2, and Germany went through it twice, once after World War 1 and again after World War 2. Therefore, this occurrence is not unprecedented.

Intel Guru MarkZ

[via PDK] Comment:  Someone named Nader suggested that corruption was causing a delay in the Iraqi dinar revaluation, as there is no budget or Hydrocarbon Law (HCL) in place. This was mentioned in a post on August 14, 2023. MarkZ commented that similar stories have been seen before significant currency revaluations, such as in Kuwait and China. While there is a possibility of further delay, MarkZ believes that they are in a desperate situation and need to move forward with the revaluation.


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