Iraqi Dinar Guru Update (08-30-2023)

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Iraqi Dinar Guru
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Newshound Guru Militia Man

Article:  The Kurdistan Presidency Office has expressed their disappointment with Baghdad’s failure to send financial dues to the region, stating that it is unfair. However, there may be more to this situation than meets the eye. It is important that the salaries are provided promptly to avoid any potential issues. It is possible that the delay is due to the need for a new exchange rate to be allocated. These factors should be taken into consideration when evaluating the situation.

Guest Guru Suzie

Article: “Basra Oil announces the activation of four Total contracts”. This suggests a forthcoming rate change, as Total previously stated they would not enter these contracts at a “tp” rate.

Intel Guru Frank26

 [Iraq boots-on-the-ground report]   FIREFLY: It seems that there are frequent meetings taking place with high-ranking bank officials from various organizations, including the World Bank and the CBI. It’s been two consecutive days of such meetings. According to Frank, they are discussing the new exchange rate. Sudani is promoting Iraq as a lucrative investment opportunity for foreign investors and encouraging them to invest within the country.

Newshound/Intel Guru Mnt Goat

It is necessary for lower denominations to be issued to facilitate the process. Once the program rate reaches approximately 1000, the plan is to eliminate the zeros. This can be achieved by moving the decimal place three places to the left. The in-country RV rate is not expected to last for a long time. After a certain period, they will transition to FOREX while accounting for inflation, as per Dr. Shabibi’s plan. Each country, such as the USA, will have its own exchange rate for the dinar, based on the strength of their economy and currency. [post 3 of 3]

Newshound/Intel Guru Mnt Goat 

Years ago, the IMF and CBI announced that they will not exchange the older 3 zero notes for newer, lower denominations at a reduced value. Instead, the 3 zero notes will remain as “legal tender” for up to a decade, but they will not be generally circulated and will primarily be used for interbank transactions. This is referred to as “institutional” use by banks, while general circulation is known as “public” use. [post 2 of 3….stay tuned]

Newshound/Intel Guru Mnt Goat

In the past, I discussed with you the potential scenarios regarding the three zero notes. Currently, the rate is nearly 1:1, but the currency now has three extra zeros. As a result, we cannot make any significant profit as investors until the zeros are removed and new notes are issued. However, our current notes will still be valid currency, so we can multiply the new rate by the face value of our notes to determine their value.  [post 1 of 3….stay tuned]

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