Iraqi Dinar Guru Update (09-21-2023)

Iraqi Dinar Guru Update
Iraqi Dinar Guru Update (09-21-2023)

Intel Guru Frank26

Report from Iraq with First-hand Accounts FIREFLY reported that a new restaurant called Johnny Rockets is opening in Iraq. It’s a burger joint. FRANK expressed his opinion that the world is pouring into Iraq, and he thinks that the places coming into the country are either foolish or have a good understanding of what the monetary reform will do for them and for the Iraqi citizens.

Newshound Guru Pimpy

Over the next couple of three years, I believe the value of the dinar will continue to increase gradually. However, we will not witness any significant changes until the sanctions are lifted. Furthermore, it is crucial for Iraq to find other means of generating revenue besides oil. Despite these challenges, I am optimistic that Iraq is moving in the right direction.

Newshound Guru Sandy Ingram

Investors holding IQD outside of Iraq may face difficulties exchanging the currency due to limited access to IQD banking facilities. Furthermore, it is possible that the IQD may not be available on the Forex market, making it difficult for US banks to exchange it. However, the US Federal Bank may come up with a plan that includes various countries around the world while excluding individuals holding Iraqi dinar. It is imperative that we stay informed about possible exchange procedure updates by subscribing to the Dinar Guru Alert list, which is free of cost. Failure to address this issue may lead to complications in exchanging IQD for USD.

Newshound Guru Militia Man

The Iraqi-Saudi coordination council has played a significant role in enhancing their bilateral relations. In recent news, Iraq has been acting as a mediator, earning it the reputation as the Switzerland of the Middle East. It’s worth acknowledging the efforts of Al-Sudani and his team for their commendable work in this regard.

Intel Guru Frank26

The ultimate objective is to achieve a one-to-one exchange rate between currencies for what purpose? To increase the purchasing power of the Iraqi currency. The key lies in enhancing the purchasing power of the Iraqi currency, not in making Iraqi citizens wealthy. The aim is to enable the citizens to buy goods and services with their currency more efficiently.

Newshound Guru Pimpy

I recently came across a Reuters article that I missed when it was first released. It states that Iraq is planning to stop all dollar cash withdrawals by January 1, 2024, according to a central bank official. This development could have an impact on the value of the Iraqi dinar, which may increase in small increments by 2024. Although the increase may not be significant, it is a positive move towards strengthening the Iraqi dinar as the country stops relying on the US dollar.

Intel Guru Bruce

According to a source called WiserNow, there seems to have been a shift in the currency market. Apparently, currency sellers who used to sell currencies like dinar and Dong have been advised not to sell them anymore as they have gone up in value. This was announced to currency sellers at 11:59 pm Central time on Friday night, after which all currency sales will be shut off. This is great news for those who have these currencies as it indicates that they may now be able to sell them at a higher value.

Intel Guru MarkZ

There has been a lot of talk coming out of Iraq lately about a major project aimed at addressing their housing crisis. The project is called “Bismayah New City” and is part of the national housing program. It is a massive new city located about 10 miles north of Baghdad that will house a potential 600,000 people with a mix of houses, high rises, and entertainment facilities. It’s unclear where the funding is coming from for this huge project, but it’s clear that Iraq is planning for a prosperous future. In my opinion, they will need to adjust the exchange rate in order to justify such a massive undertaking.


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