Intel Guru MarkZ
[via PDK] There hasn’t been much news from Iraq overnight, but all the news coming out of the country this week has been overwhelmingly positive. I understand that waiting for a historic event like this can be difficult, but it’s hard to predict the exact timing of such a once-in-a-millennium event. However, we can be sure that it’s on its way.
Newshound Guru Sandy Ingram
The Central Bank of Iraq has reported a decline in the inflation rate for the year 2023 as compared to 2022. As per the latest announcement, the inflation rate in Iraq has dropped from 4.4% in August 2022 to approximately 3.7% in August 2023. It is worth noting that Iraq’s current inflation rate is much lower when compared to other countries, where it has reached as high as 30% or 40%.
Newshound Guru Pimpy
It seems that Iraq is taking steps towards asserting its monetary independence. An article titled “Iraq is moving towards applying the principle of monetary sovereignty. What does that mean?” suggests that Iraq is finally taking action to become financially independent from the United States. This is great news, as it is something that has been suggested for a while. Essentially, Iraq wants to take control of its own financial decisions and not rely on the US for guidance. It’s like a child wanting to become an adult and make its own choices. However, it is important that the people in charge of the Iraqi dinar make smart decisions to ensure a successful transition to complete financial independence.
Intel Guru Frank26
It is noteworthy that even those who were previously opposed to the dinar/monetary reform, such as the parliament, are now expressing their support and admiration for the upcoming changes. Every day, they come up with new ways to express this positivity. One recent article quoted an advisor to the prime minister, who stated that Iraq’s economic policy is moving towards implementing the principle of monetary sovereignty, which is essentially another way of saying that a new currency is on the horizon.
Intel Guru Bruce
I have been told that we should expect notifications early Thursday morning. We may even wake up to them. Let’s wait and see what happens.
Newshound/Intel Gurus Militia Man & Markz
[via PDK] Militia Man: Iraq is making significant strides towards international recognition. The country is considered to be one of the wealthiest in the world, with vast reserves of oil, natural gas, sulfur, and precious metals, among other resources. This abundance of resources has allowed Iraq to accumulate the funds necessary to establish a new, effective exchange rate. Moreover, the recent discovery of rare earth minerals indicates that Iraq’s worth has increased significantly since the days when its currency was valued at $3.22 over 20 years ago.
Intel Guru Goldilocks
Bonds can boost the demand for a country’s national currency, thus increasing its value. In line with this, Iraq has started issuing bonds to its citizens and investors as a means of encouraging participation in the growth of its economy, which is backed by gold and the dinar. By doing so, Iraq hopes to achieve a self-sustaining economy in the long run, relying solely on the dinar to achieve this goal.