Iraqi Dinar Guru Update (08-20-2023)

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Intel Guru Frank26 

Community Comment:  It’s crucial that we get this right the first time. Making a mistake in a monetary reform is not an option, as it can’t be fixed. Math plays a significant role in this process, and even a small mistake can lead to the entire system collapsing. In addition, any errors made in dealing with Iraqi citizens by Sudani/Alaq could cause the monetary reform to fail.

 Newshound Guru Kaperoni

There are frequent discussions about Iraq’s potential membership in the WTO, but currently, it is not a viable option. This is due to the fact that Iraq needs to expand its economy and produce exportable goods before joining the organization. Therefore, it would not be accurate to say that Iraq is on the verge of joining the WTO.

Newshound Guru Breitling

Article quote:  After researching, I discovered that floating the dinar in Iraq is not feasible due to the lack of various foreign currency sources. This is surprising because some have suggested a float versus a hard revaluation or manipulation, which is what is currently happening. However, the reality is that Iraq does not have access to a foreign currency reserve like other countries do, which means a hard revaluation is their only option. There are no threats involved, and this is significant because a float is not necessary.

Newshound Guru Pimpy

The upcoming meetings will have a significant impact on Iraq’s future. To find a solution, they should collaborate with the United States and find a compromise regarding the exchange rate. This way, they can increase it without causing significant issues. Additionally, the United States can promise to bring in a certain amount of U.S. dollars to minimize the gap between the official rate and the parallel exchange rate, which is currently causing problems.

Newshound Guru Clare

The US ambassador recently commented on the increasing value of the dollar compared to the Iraqi dinar. Alina Romansky, the ambassador to Baghdad, suggested that the adoption of a legitimate banking system by Iraq could ensure a stable exchange rate for the dollar.

Newshound Guru Militia Man

To those on the internet who are doubting the feasibility of this, I must warn you to be cautious before making any definitive statements. Without knowledge of the extent of monetary damage, your calculations may not be accurate. It is important to consider the opinions of the Central Bank of Iraq, the Finance Ministry, the World Bank, the U.S. Treasury, and other authoritative sources that contradict your doubts. Therefore, I urge you to conduct a fair analysis before reaching any conclusions. [Post 2 of 2]

 Newshound Guru Militia Man

We watched a documentary that showcased the reduction of note count and destruction of money by a certain group. It is unclear how much money they have destroyed, but it is likely that they will disclose this information when they expand internationally, as people will be curious about their money supply. Ultimately, they were destroying and creating pellets out of perfectly good money. [Post 1 of 2….stay tuned]

Newshound/Intel Guru Mnt Goat

We are eagerly awaiting updates on the advancement of the currency reforms that are being put into place by the CBI. The second “official” rate change to approximately 1000 is anticipated, but it has not yet occurred. With the budget now released, we expect this change to happen soon. If inflation does occur, the CBI will need to implement additional reform measures to counter it. Additionally, the Project to Delete the Zeros must be carried out simultaneously with the RV for the redenomination to take effect. There is no doubt that the CBI is following its plan with precision.

Intel Guru MarkZ

[via PDK]  Question:  …Can you give me your prediction on whether we will experience a revaluation by the end of 2023? MarkZ replied saying that he cannot guarantee anything for August, but he remains optimistic that 2023 will be a year of significant change.

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