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Pimpy – Dinar Guru  Community Comment: ” ‘In country’ and ‘out of Iraq’ are two different scenarios.”  What do you mean two different scenarios?  No two different scenarios.  Once you change the exchange rate it goes worldwide.  There’s not two different scenarios period.

Sandy Ingram – Dinar Guru   Iraq is on the Forex market… but not in the same way as major global currencies like the US dollar, Euro or British pound.  The IQD is not freely convertible internationally.  You can’t walk into a bank or forex platform in the United States or Europe and easily trade IQD.  Most major Forex brokers do not list the Iraqi dinar for retail trading because it is a non-convertible restricted currency.  Its trading is confined mainly to inside Iraq or in niche physical currency exchanges abroad, often for speculative purposes.

Mountain Goat – Dinar Guru   So, again more…talk…about some $2 rate in the country of Iraq and rolling out the newer lower denominations. I can guarantee you that…There is NOT $2 rate in Iraq. They are still using the official CBI rate of 1320. This is also bullshit about lower denominations being out in Kurdistan or elsewhere…Trust me, when the CBI does bring out the newer lower denominations, articles will proceed it in the news…My CBI contact has told me months ago that the news articles are already designed and ready to go, given the proper timing. It is not yet!  It will not be and cannot be some secret information only told to a few.  …I have a contact that works directly on this project to delete the zeros in the CBI and I would know if any new rate comes out.

Pimpy – Dinar Guru  Look, there’s no saying for sure they’re going to take the zeros off.  Common sense tells you that they are but they might surprise us.  All we got to do is cross our fingers.  Let’s hope they keep the zeros on and they give us a new rate…

Samson – Dinar Guru  Article:   “Iraq joins the club of advanced countries in electronic payments with 22 million bank cards.“

Militia Man – Dinar Guru They’re going cash less.  That’s just the way it’s going to be.  They’re not going to need much cash.  When they revalue their currency to a different denomination and they apply a real effective exchange rate, they’re not going to have big notes anymore.  It’s going to be less cash.

Clare – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’  ” Quote:  “Al-Tamimi explained that the government seeks to reduce demand for cash by converting transactions into digital electronic formats, which will ease pressure on the public treasury.”

Samson – Dinar Guru  Article: “The era of the digital republic has begun – Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country’ “

Kaperoni – Dinar Guru  Article: “The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the ‘ruler of the country.’ “

Mountain Goat – Dinar Guru  …Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area…

Sandy Ingram – Dinar Guru  For decades Iraq has relied almost entirely on oil sales to support its economy.  But now the government is working to create a second source of income by getting involved in the global carbon market…Iraq also plans to raise money through carbon bonds which are investments tied to projects that lower emissions.  This shift not only helps Iraq cut pollution…but also attracts new investors and supports long-term financial stability.  This is excellent news for Iraq and for IQD investors. 

Clare – Dinar Guru  Article: “The currency printed in Iraq is at its lowest level since a year.” Quote:  “Data showed Central Bank of Iraq The value of the issued currency, “printed” in Iraq Currently at its lowest level in a year.”

Pimpy – Dinar Guru  Question:  “Does Pimpy hold dinar?”  Yes, Pimpy has 5 million dinars.

Sandy Ingram – Dinar Guru   As long as there is positive movement in Iraq [we] feel obligated to keep going…

Militia Man – Dinar Guru  Iraq is under sanctions and is not actively traded globally at any significant means.  But when they are, when they do have a real effective exchange rate, there’s going to be an impact to all [their] trading partners…When Iraq hits the Forex they’re going to be monitoring all those [trading] countries to play by the rules with a level playing field…They’re going to have to play fair with real fundamentals…They’re not going to want anybody taking advantage of when Iraq has a real effective exchange rate.  They want a stable exchange rate.

Kaperoni – Dinar Guru   Article:   “Al-Atwani: Iraq’s integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy.”

Pimpy – Dinar Guru   What we’re hoping they’ll do is make it where the central bank digital currency is being used for digital banking but still allow customers to come in and be able to take out physical cash.  Doesn’t sound like it.  All the articles I’m reading, it’s not going to happen.  So still looking into this because I’m not sure 100% what that means…for people who are holding on to the dinar as an investment.  Are we going to be able to swap it for our cash or do we have to find some form of wallet so we can swap it for the CBDC? 

Sandy Ingram – Dinar Guru  The implications of [the Iran] negotiations extend beyond Iran and Israel…A successful deal could lead to regional stability potentially boosting Iraq’s economy and security…Iraq’s government must…foster positive relations with both the US and Iran.  The value of the Iraqi dinar is also susceptible to the outcomes of these negations.  A successful agreement…could stabilize oil markets benefiting oil dependent economies like Iraq.  This stability might strengthen the IQD… However renewed sanctions or military conflict could disrupt oil exports and regional trade exerting downward pressure on the IQD…The stakes remain high.  

Pimpy – Dinar Guru  We all want the same thing trust me.  You think I want to see them delete the zeros and then change the exchange rate? No, not at all!  I want them to keep the zeros on there and change the exchange rate.  Who doesn’t want to be rich?  I’m just saying to you what is more realistic to happen.  They’re talking about delete the zeros all the time. In addition to that, now their talking about the central bank digital currency which I don’t like…It gives the country way more control over you.

Sandy Ingram – Dinar Guru  Here is another reason we believe something is happening behind the curtains.  First it was Facebook representatives meeting with the Iraqi prime minister and now it’s Elon Musk’s Space X.  These mega corporation would not be meeting with Iraq unless there are mega bucks attached to the deals.

Pimpy – Dinar Guru  Community comment: “Our [Iraqi bank] notes are worthless.”  I wouldn’t say worthless.  Keep in mind we don’t know what the hell Iraq is going to do.  Hold on to them.  Keep your fingers crossed that they leave the zeros on there and change the exchange rate.  The probability is not high but you never know.  Just hang tight and let’s see what’ happens.

Militia Man – Dinar Guru  Article quote:  “Protect investors against certain risks such as political instability, expropriations or currency inconvertibility.”  Isn’t that interesting?  ‘Inconvertibility’.  In other words Iraq’s currency at the moment isn’t quite convertible just yet.  Is it expected to be convertible on the Forex.  I think it is.

Mountain Goat – Dinar Guru  where…are…we…with the RV saga… The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc.  …Many of these plans are already accomplished, some now in motion and some still in the planning stages…They do not have to implement all of these plans to get there…Later this wealth will sustain the value of the dinar once reinstated…all trains eventually make it to the end of track. This end is coming

Samson – Dinar Guru   Article:   “Among them are Meta and Google.. The Minister of Communications: International companies are interested in the Iraqi digital corridor project“

Militia Man – Dinar Guru  These guys are really gearing to integrate into the international world.  Are they going to do it at 1310?  Well if they were going to why didn’t they do that 2 years ago or back in 2018.  We don’t know.  The bottom line is they probably weren’t going to because it just wouldn’t work.

Clare – Dinar Guru  Article: “Al-Ghariri: Iraq is getting closer to membership in the World Trade Organization.”  Quote: “Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.“

Pimpy – Dinar Guru  A couple good moves in Iraq that’s going to help those who are invited in the Iraqi stock exchange and also do a little bit to strengthen up the Iraqi dinar…If you’re invested in Iraqi stock this is big news for you. Article:  “Iraqi activates the TIR system booking international trade and security says IRU head”  Basically it’s going to help streamline goods being transported on the road.  This is going to be awesome for Iraq’s economy without a doubt.  These are the types of steps we like to see Iraq take.

Samson – Dinar Guru  Article:  “The Central Bank is exploring the possibility of opening branches of Turkish banks in Nineveh Governorate.”

Mountain Goat – Dinar Guru   Article: “ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION”.  Quote:  “…This is within the framework of the strategic directions of the Iraqi government’s program to diversify sources of national income…” …Sounds to me that when they ramp up this effort into high-gear, Iraq could see this revenue stream almost, if not equaling the oil revenues. So, again we see Iraq beating it’s chest as they are proud of their wealth…Basel requirements state the currency should reflect the value of the assets of that nation…All I can add is WOW!