Iraqi Dinar Guru Update (09-25-2023)

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dinar guru

 Newshound Guru Jeff

It may be worthwhile to investigate when Kuwait reinstated the value of their currency, as history could repeat itself with Iraq following suit. It is speculated that Iraq will revalue their currency on the same day of the month that Kuwait did.

Intel Guru MarkZ

[via PDK]  According to a report from Bloomberg, the Iraqi Central Bank is planning to limit internal trades to the Dinar currency, which implies that they are moving towards de-dollarization. This means that payments will only be accepted in Dinar, which could be challenging for the country to handle trades unless the Dinar currency gains more international recognition and value. It has been reported that the official announcement regarding this decision is expected to be made on October 4th. There are speculations that this move indicates the need for a new value for the Dinar currency by October 4th. Many sources are suggesting that the Dinar rate change is expected to happen by this date.

 Newshound Guru Pimpy

I am interested in the potential reversal of the Authorization for Military use, which may be completed next week. I am curious about how this will impact the sanctions against Iraq’s currency, as the reversal could be a significant development for Iraq and the Iraqi dinar.

Newshound/Intel Guru Walkingstick

The tender has brought Kurdistan and Erbil banks in line with the reform process, making them the last ones to join. The requested currency and coins for the release of the new exchange rate, including their count and value, have been fulfilled through the tender.

 Intel Guru Suzie

I believe that the “Jolly Farm’s” ride will come to an end soon. There have been numerous meetings with the UST, WTO, and AMF, as well as frequent travel between countries and contracts being signed. Countries are eager to do business with Iraq, and it is expected to become a leader in the Middle East. However, this cannot drag on for much longer. As an international business, delays will not be tolerated. I hope to see a resolution soon, rather than months down the road.

 Guru Nader From The Mid East

The payment period for HCL starts tomorrow and lasts from the 28th of September to the 8th of October, covering a period of 10 days during which people will receive payment.

Intel Guru MarkZ

 [via PDK] Many articles and comments suggest that Iraq will make an announcement on Tuesday regarding how they plan to handle the exchange rate. It’s unclear if this means they are still dealing with issues in the parallel market or if it’s a full-blown revaluation. However, we anticipate an announcement regarding the Iraqi dinar’s value in relation to the US dollar.

 Newshound Guru Militia Man

Al-Sudani returned home from the United States of America and presented his work in a highly professional manner. He impressed people worldwide and was considered a statesman. Regarding the tripartite budget at 1310, my opinion is that the answer is most likely a firm no.

 Newshound Guru Pimpy

Al-Sudani has concluded his visit to the United Nations General Assembly. Although he was scheduled to meet with Biden, my understanding is that they did not meet. However, he did have conversations with a few of Biden’s staff members. At this point, he likely has an idea of how Thursday’s vote will go regarding the reversal of military authorization in Baghdad. I am curious if any agreements or stipulations were made during these discussions, but we will have to wait until next week to find out.

Intel Guru yada

Prime Minister Muhammad Shia Al-Sudani attended a meeting on Sunday, September 24, 2023, where he received a detailed presentation on the implementation process for the unified treasury account and electronic payment system in Iraq. He emphasized that these measures are crucial for financial, banking, and economic reforms in the country. The unified treasury account acts as a central repository for all funds, while electronic payment facilitates banking transactions. It is an important development that requires attention.

 Intel Guru MarkZ

[via PDK]  It’s great news that Iraq is planning to reopen its embassy in Vietnam, indicating the strong relationship between the two countries. Both Vietnam and Iraq are important trading partners, and it’s possible that their currencies will revalue simultaneously. Reopening embassies is a crucial step for Iraq to become a significant global player, and they’ll need to adopt an “International Currency” for this purpose.

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