Iraqi Dinar Guru Update (12-08-2024)

Newshound Guru Clare

Article: “Parliamentary Committee to Nina: A government team is preparing a new draft of the Oil and Gas Bill ” Quote: “Prime Minister Mohammed Shia al-Sudani has assigned a” tripartite ministerial team “to prepare a new final draft that will be presented first within the Council of Ministers for approval, and then sent to the House of Representatives later”

Newshound Guru Jeff

This budget is going to be overturned by the court, probably in mid-September, and will be deemed unconstitutional. Absolutely nothing is going to happen in Iraq until this budget gets overturned by the court. The budget is not published in the Gazette yet. That’s still outstanding.

 Intel Guru MarkZ 

The bond side was quieter today than I had anticipated. So far, I don’t have any verification of people sitting with dollars. I do have one that had a conference call today and is expecting funding tomorrow mid-day. I hope they get it.

Intel Guru Frank26

All this time that we have waited for the new exchange rate to come out, we’ve waited since the beginning of this year, nothing. What’s going on? It’s scheduled. We got the budget, it’s ready to go, what’s going on? The problem is the thievery, those that steal. The bad politicians in the government of Iraq that steal the money through the CBI.
Auctions have been tamed…. Now all the decisions are taken by the US Treasury….

Newshound Guru Pimpy

Pretty soon, we are going to see Iraq here and talking to people in Washington about what they need to do to get back in good graces, have sanctions lifted on some of the banks, and allowing Iraq to move forward with reform without looking for excuses to penalize them every time Iraq does something that pisses off the Biden Administration.

Newshound Guru Militia Man

The Central Bank of Iraq is working hard. They have been working in conjunction with the US Treasury and Federal Reserve to put Iraq in compliance with international standards …If you’re doing nefarious deals you’re going to have a problem….

Newshound Guru Breitling

The key for Iraq is not depending on the dollar. If they have an economy 100% energy-based, then they are going to be 100% dependent on the US dollar. How do they get their currency outside of that? They’ve got to open up to doing business in completely different sectors because if they don’t do that, then they will have nothing to attach any part of the economy to the Iraqi dinar. They can add value to the dinar at will. Well, that is always what we are looking for—the underlying goal of what we want Iraq to do.

 Intel Guru MarkZ 

Article: “Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains” Quote: “There are calls to float the exchange rate in Iraq.Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors, supply and demand, to determine its value without any form of intervention by the economic authority.There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy.”

Newshound Guru Clare

Article: “Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains” Quote: “There are calls to float the exchange rate in Iraq.Floating the currency means that the process depends on the liberalization of the exchange rate and leaving it to market factors represented by supply and demand, to determine its value without any form of interference or intervention by the economic authority.The kinds of floating are divided into two: the first is absolute floating, and the second type is managed floating, meaning the type where the central bank interferes to steer the exchange rate up or down, as it deems appropriate, to serve the interests of the national economy”.

Newshound Guru Jeff

The Supreme Judicial Council has decided it’s time for the present central bank governor to retire. Remember, this was his second term. In the first term, back in the year 2018, that is when he had printed the new lower smaller category denomination notes with his signature on them. But the only reason they put him back in for a second term was to commission the rate change. Now they’re saying he’s going to be forced into retirement. No date for retirement has been given, though.

Intel Guru Frank26 

Sudani is working with the United States Treasury. In my opinion, the Untied States Treasury is sitting in the chair of the CBI governor where Alaq normally sits.I find this to be a catalyst to see the Untied States Treasury there. I’m very excited about what’s going on.

Newshound Guru Pimpy 

Should he stay or should he go? There’s a lot of rumors and stories out there about Alaq resigning or he is being pushed out because he is old age, it’s time for him to retire. Then you got people out there saying, ‘Oh, this is all fake news.’ Or maybe it is just the fact that there are some corrupt people still in government trying to grab control.of the Central Bank of Iraq, and one of the steps they have to first do is force Alaq out.Is it possible these stories are circulating because they want Alaq out? Did he really commit some of these crimes? All kinds of different scenarios took place. That’s the deal with Iraq, you’re not always 100% sure what really goes on.

Newshound Guru Militia Man

Article: “Referring Al-Alaq to retirement: a legal step or settling political scores?” It’s been ongoing for the last few days there’s been a suggestion that he was going to resign. There wasn’t any meat and potatoes to that.Then they went after his age. They said he was too old. Now they are talking as if there are some political scores doing this battle and using bad publicity.Certain people out there.have made a lot of money, and they’re not going to make any more from the dollar auctions. They did it for a very long time.

Newshound/Intel Guru Mnt Goat

Yet again, we have other articles about the banking reforms now in motion, just as I was told would take place… Yes, measures are put in place, just as my contact told me would happen, and the situation with the banks is going to be resolved, and soon.