Militia Man

Militia Man – Dinar Guru  Article:  “Iraq achieves the largest purchase of US Treasury bonds in 10 years”  Iraq holding US Treasury Bonds doesn’t suggest their is an issue with the value of the Dollar or they wouldn’t be net buyers. They know what the UST has in foreign reserves.. As in IQD, being one of the largest. All boats rise with the tide, Iraq included..

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Nader

Nader – Dinar Guru  Two things you’re gonna see.  When they stop selling and buying [dinars] at the banks for a week or two.  When you see new very small currency come out – 1, 5, 10, 20 maybe 25, 50, 100.  Now you can smile and say they made it.

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Pimpy

Pimpy – Dinar Guru  The news as usual has to do with the dinar exchange rate.  Every day one to two articles about changes to the exchange rate, thought about changes to the exchange rate, Central Bank of Iraq saying there’s no change to the exchange rate, Stock exchange playing havoc on the exchange rate, one thing or another is in the news about the exchange rate and this causes a lot of confusion

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Clare

Clare – Dinar Guru  Article:  “The volume of trade exchange between China and the Arab countries amounted to 300 billion dollars”  WHAT WE ARE WITNESSING IS HISTORIC!…THAT IS A LOT OF MONEY AND A HUGE “SHIFT” IS TAKING PLACE RIGHT BEFORE OUR EYES!

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Pimpy

Pimpy – Dinar Guru  Article:  “Sudanese advisor explains about (fluctuations) the exchange rate of the dollar”  The paragraph caught my attention… “The collection of foreign currency is increasing to meet the requirements of foreign trade and is achieved immediately.”  It looks like Iraq is close to stepping on the international scene and playing a much bigger role here sooner than later, which is exactly what we want.  But it doesn’t help that Iraq has to finish with infrastructure, help build up the private and public sectors and get away from relying so much on oil…they appear to be on track…

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Mountain Goat

Mountain Goat – Dinar Guru   Article:  “WHAT IS MEANT BY CURRENCY FLOAT? WHAT ARE ITS ADVANTAGES AND DISADVANTAGES?”  This article is a VERY GOOD lesson in what it means to FLOAT a currency. ...they can’t float the dinar in the program rate with the currency auctions and must reinstate it to the global markets. Mainly it’s because hint hint…to float you need access to the markets and traders. This will be when we go the bank to exchange…floating the IQD on FOREX can solve much of the issues with the dinar monetary policy in Iraq. This once again proves the move to FOREX should have happened a decade ago when Dr Shabibi, then the CBI director, lined up the dinar to go to FOREX in January 2013…I ask, why now publish such an article?

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Paulette

Paulette – Dinar Guru  IMSO, the rate will have to apply to both new and old currency as the CBI has stated the 3 000’s will coexist with the NSCN’s for at least two years and upwards of ten years.  A few weeks back, the CBI again stated that they are not going to remove any currency denominations when they unveil the 20,000…I hope I am right as the release of the 20 absent a 20,000 is another indication that the new rate will directly apply to all.

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Militia Man

Militia Man – Dinar Guru  The move by the US Federal Reserve Bank has their [Iraq’s] attention…What the USFED did was to put a fire under the bus with them in it. The reduction in the dollar sales has had a huge impact on what we are witnessing. The USFED told us they are not backing down. The CBI is obliged to meet their requirements now…We have heard there is an urgency to get this over the line. I am fairly sure the fire is stoked enough to do so.. imo This is good.

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Mountain Goat

Mountain Goat – Dinar Guru  As we end 2022 the news is heating up over what to do with the Iraqi dinar and save Iraq. We have been reading articles for over a year now on how to fix it and increase the purchasing power of the dinar. But the CBI had other plans in the White Paper and they needed to reach historic levels of reserves in order to make their next move. Yes, there is some pain the process but better to suffer a little now and then later celebrate when the prosperity and abundance comes.

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Clare

Clare – Dinar Guru  Article: “Fixing the dollar and oil in the 2023 budget and the truth about US sanctions.. “Sami’s Spectrum” reveals the details” Quote:  “The price of a barrel of oil, which has been set so far in the general budget, amounted to 65 dollars…while the dollar exchange rate has been fixed at 1450.

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Sandy Ingram

Sandy Ingram – Dinar Guru   In 2004 the CBI set up the foreign currency auctions as a way to control the rate on the black market.  Now we understand it is the black market that has control and the Iraqi people are not concerned with what the CBI is doing. They’re only concerned with the black market…

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Militia Man

Militia Man – Dinar Guru  The UST has Iraq’s CBI in a position to make a exchange rate change, imo.. They are likely at a point now there is no looking back in not doing so.  Show time? It looks that way. There were meetings today with the CBI Governor.

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Mountain Goat

Mountain Goat – Dinar Guru  We are told in an article…that the budget will be in parliament ready for review and vote in two weeks. …That pushes it to early January 2023 to begin the voting process. …So, sit back and hang on. The news is about to get really good….

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Clare

Clare – Dinar Guru  Article “Central Bank Governor: The measures taken will contribute to achieving monetary stability” Quote “Wednesday, an emergency session of the Ministerial Council of Economy….The session was attended by the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, who reviewed the measures taken by the bank’s administration to control monetary policy, and limit the rise in the exchange rate of the dollar in the local markets.”

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Paulette

Paulette – Dinar Guru   Iraq’s CBI has clearly told us their plans to Re-denominate their currency including adding denominations all the way to 25 Fils (1/40th of an IQD).  This logically requires a change in rate.  As long as that new rate directly applies to the current notes, we will have the windfall we all hope for.

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Henig

Henig – Dinar Guru  Article: “Economist: Central Bank policy failed and printed 40 trillion dinars of a new category Quote: “He stressed that the strategic vision of monetary policy is wrong, and the Central Bank has printed 40 trillion dinars of the new paper currency of the category of 20 thousand dinars.

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Sandy Ingram

Sandy Ingram – Dinar Guru  Why the IQD/USD exchange rate matters to people in Iraq – Iraqis who are paid in dollars have more purchasing power…people paid in dinars have less purchasing power since imports and exports are paid in dollars (including oil revenue)…the new prime minister of Iraq says he wants to increase the value of the Iraqi dinar

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Pimpy

Pimpy – Dinar Guru  Right now in Iraq the major news is…what the markets are determining is the value of the IQD versus the U.S. dollar.  The IQD continues to lose value…this is why we saw some banks start allowing the Iraqi citizens to purchase dollars…I think I know what it is Iraq’s trying to do.  They’re trying to purchase as many of the Iraqi dinars as possible to destroy them.  You have less currency in circulation.  Think supply and demand.  The less you have of something that people want the more demand there is for it, the more valuable it becomes.

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Clare

Clare – Dinar Guru  Article:  “After years of delay and disagreement, an agreement was reached by the “majority” to pass the oil and gas law”  Quote:  “there is a political agreement between all political blocs and parties to pass the oil and gas law because of its importance, with the start of the new legislative term of the House of Representatives.”

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Paulette

Paulette – Dinar Guru  It is an interesting dichotomy happening right now as not only did the banks stop buying as much USD but the money changers have also in spite of the rate being at its worst since I have followed.  Why are the Money Changers reportedly being cautious with any purchases of USD when they could resell at a larger profit than they have been able to attain since the move to 1460.  It is totally illogical unless they know that they don’t want to be moving IQD to USD out of fear of being on the wrong side of an economic move by the CBI.

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Samson

Samson – Dinar Guru  Article:  “After years of delay and disagreement… an agreement by the “majority” to pass the Oil and Gas Law”

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Clare

Clare – Dinar Guru  Article:  MP Al-Qaisi: The government is able to rein in the dollar at any moment it wants”  Quote:   “With the hundred billions stacked in the Central Bank’s accounts, and with the tons of gold stored in them; in addition to the treasury bonds in the US Federal Bank, controlling the market is subject to a government decision capable of curbing the dollar at any moment the government wants.  He added, wondering: But when will you take this step!?

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Sandy Ingram

Sandy Ingram – Dinar Guru   All this talk about revaluing the currency is only about taking the currency from 1500 IQD back 1150 IQD approximately to 1 US dollar.  All this commotion does not include the revalue we are looking for.  At least not yet.

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Mountain Goat

Mountain Goat – Dinar    Remember that January is the CBI’s most opportune time to change the rate of their currency to start off their new fiscal year. This is why they push also for getting the budget done by then. I am convinced this is now a factor too. Also we hear, as usual, that the latest HCL changes are going to be accepted and passed. …This is all excellent news.

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Clare

Clare – Dinar Guru  Article: “Sudanese advisor: Exchange rate fluctuations are temporary and there is no concern about Iraq’s capabilities to impose stability”  Quote: “Salih revealed…foreign reserves have become the strongest in Iraq’s financial history, and its balance has perhaps exceeded one hundred billion dollars, which means there is no fear or concern about Iraq’s financial capabilities in imposing stability in the dinar exchange rates as long as the matter is related to administrative and organizational affairs in dealing with external transfer and foreign currency trading.”

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Kaperoni

Kaperoni – Dinar Guru  Question: “Can you explain why Libya has the same kind of economy as Iraq and an even less structured government and their Dinar is worth 17 cents to the dollar.”  The key point with Libya is they only have 32 billion dinar in circulation compared to Iraq who has over 80 trillion dinar. It [Iraqi dinar] will remain weak until they reduce the money supply by removing the currency as Iraq ‘s economy prospers…

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Pimpy

Pimpy – Dinar Guru  If the restriction on Iraqi dinar were lifted and all of a sudden the exchange rate jumped up high make no doubt about it…you would see me hauling butt down to the bank!

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Breitling

Breitling – Dinar Guru   I don’t see anything negative going on in Iraq…as far as the Iraqi dinar is concerned…like the United States they can screw up a lot and still maintain its markets.  Iraq has that room also because they have a resource everybody needs.  We’re not living off solar panels and Teslas – yet…it’s a long ways away.

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Clare

Clare – Dinar Guru  Article:  “The Sleeping Wool Shelf” pushes the price of the dollar in Iraq to about 160,000 dinars”  Quote: “Nassif wrote, in a tweet…via Twitter, on the occasion of the rise of the dollar to 154,000 dinars and its direction towards 160, we say, Sleeping, Sharif al-Sawf, and the dollar is suffocating your people.

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Kaperoni

Kaperoni – Dinar Guru   The key for Iraq is for them to build a strong diverse economy. In order for them to do that they need outside financial assistance from the world meaning they need to pass laws, create a suitable business environment and encourage investment to facilitate such an economy.  This is the preferred method as it builds a sound economy with a currency and exchange rate supported globally by the world’s financial system.

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