Iraqi Dinar Guru Update (11-08-2024)

Intel Guru Frank26
 

[Report on boots-on-the-ground Iraq] FIREFLY: Sudani was speaking to us about ways to improve a currency. They are discussing currency stabilisation.

Newshound Guru Sandy Ingram

Most people agree Iraq will have to raise the value of its currency if it is to fully benefit from the international transport hub [Development Road Project].

Intel Guru MarkZ 

 [via PDK]  …my expected window opens today…(11th through the 15th).

Newshound Guru Pimpy 

They have to act regarding the parallel market. Its success can be attributed to people’s inclination to, if possible, acquire US dollars. Selling US dollars for more Iraqi dinars, more than the official exchange rate will not trouble companies or consumers seeking more bang for their money. It sets Iraq in a bind.Do they drop the rate of the Iraqi dinar or increase it?

Newshound/Intel Guru Fnu Lnu

[Reaction to Article “The parallel market will be overturned” in response to Guru Pimpy’s 9–10–2024 study below. PIMPY: That’s bad for us when they say hike the dollar exchange rate. The dollar is so strengthening versus the dinar…]. FNU LNUs: The answer is so plain and fundamental it runs counter to this hand wringing. Why is it such a puzzle? Raising the damned official rate will help you to regulate the “parallel market” so that profit margin is not possible. I will keep that this is only a red herring and some kind of stall strategy.

Newshound Guru Clare

“Iraq’s financial revenues exceed 77 trillion dinars in 7 months of 2024”, article says Quote: “The Ministry of Finance revealed on Tuesday that the size of Iraqi revenues in the federal budget during 7 months exceeded 77 trillion dinars, confirming that the oil contribution to the budget remains approximatively 89%.”

Intel Guru RayRen98

Okay, we didn’t wake up rich.least not yET. They claim to have done, but I do not see it anywhere, not here, not there! Laughing Out Loud

Newshound Guru Militia Man

Understanding between the Kurdistan Regional Government and the Iraq Federal Government… You have two entities joining together.In the past, they underwent great upheaval. They have now arrived to an understanding.The highest executive authority in Iraq, the Ministerial Council of Economics, planning, trade, interior, central bank of Iraq, legal, financial, oil department, a sizable group from Iraq has visited the Kurdistan region. With their counterparts from the Kurdistan region figuring it out, the total list was enormous and screams of national reconciliation.I can see Iraq going far if they achieve National Reconciliation. It’s amazing; reconciliation has a historic background.

Intel Guru Frank26

Alaq, he is back. Friday brought him back.He would go where? Direct towards Erbil.By the way, he seems delighted.His step is full of vigor.Given what they have to offer [Iraqi people], the purchasing power, I would be on cloud 9 right now as well. Your economic transformation is going to go nuclear. With its new monetary reform, your nation will be leading the world. The beauty is known to everyone in the planet. And everyone else wants it fiercely as well.

Newshound/Intel Guru Mnt Goat

They recently informed us that corruption and money laundering are now all ending and must halt or else we would not see any reinstatement. This electronic platform is also disappearing at the end of 2024. Electronic banking methods provide the tool for this. Not a bad thing, but rather a very positive thing is having the US Treasury inside Iraq assisting with all these banking changes. It will definitely challenge the RV procedure we follow.We might even argue that it is the last piece needed in the RV puzzle to properly view the end of this RV narrative.

Intel Guru MarkZ 

[Using PDK] Is your gut screaming between the eleventh and the fifteenth still? Mark Z: Absolutely, it is. I have heard some amazing Iraqi conversation.