These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Newshound Guru Militia Man:
There is currently some turmoil in Kuwait regarding demarcations, particularly maritime borders, which are a sovereign right. However, the most important issue at hand is the ‘unspoken Chapter VII’. I believe the reason it is unspoken is because of their currency exchange rate. Chapter VII is related to the UN, and until Kuwait is released and allowed to become Article VIII compliant with the IMF, ascend to the World Trade Organization, and establish a valuation for their oil and gas law, they will be unable to proceed. To achieve this, they will need to adopt an internationally accepted exchange rate.
According to Iraqi Dinar Intel Guru Bruce:
[via WiserNow] Iraq did not publish the rate in the Gazette on Wednesday and our Iraqi sources anticipate a possible release on Saturday. Let’s wait and see if Saturday brings any news.
According to Newshound Guru Pimpy:
I believe that the value of the Iraqi dinar will increase gradually. I am expecting it to happen at least once before the end of this year. It appears that they have no other option left, and I am curious to know what their next move will be.
According to Iraqi Dinar Intel Guru Frank26:
Sudani is making numerous arrests daily in an effort to eradicate corruption and create a safer environment for the new exchange rate.
According to Newshound Guru Militia Man:
The article quote mentions Visa Direct, which is a service aimed at transforming global money movements between Iraq and the rest of the world. This is exactly what we need for facilitating international trade through an international exchange rate. In my view, without a universally accepted currency, international trade will not be possible.
According to Iraqi Dinar Newshound Guru Samson:
The Central Bank of Iraq has launched a new electronic money transfer service called “Visa Direct” to combat corruption and illegal funding. The service will provide a secure and fast way to transfer money electronically.
According to Intel Guru Bruce:
We received some important information today from a credible military source. Our notifications are expected to be released from after 5 pm on Friday, when the markets are closed and the banks are about to close, through to mid-morning on Tuesday.
According to Iraqi Dinar Intel Guru MarkZ:
[via PDK] It’s been pretty quiet in Iraq this morning. A number of leaders who have been in place since last week think this might be it. Bankers are excited for the weekend.
According to Guru Nader From The Mid East:
The other day, I overheard a debate about whether Iraqi citizens care about the exchange rate or not. The regular people, including individuals like you and me, do not pay attention or care about it because it does not affect them much. However, big organizations like exchange companies, governments, and offices are concerned about the exchange rate as they deal with large sums of money. Personally, I care about the exchange rate because it would make it easier for me to pay people and receive payments from others.
According to Iraqi Dinar Newshound Guru Pimpy:
There are many things happening in Iraq, including upcoming elections. Al-Sudani has taken many positive steps, which may warrant an opportunity to become the Prime Minister again. However, if he doesn’t control the currency, it may destabilize the economy and the currency itself. This could lead to a negative reaction from the people of Iraq. If Al-Sudani increases the value of the Iraqi dinar, it will give the people of Iraq more purchasing power, as well as stabilize the currency. This could also help to close the gap between the fixed exchange rate and the parallel rate.
According to Intel Guru MarkZ:
[Via PDK] My gut tells me we’ll cross the finish line in the next few days or week. My analytical mind, looking at documents, governments, and articles, suggests we’ll have it by Jan 1st.
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat:
Two articles were recently published, one reporting that Iraqi oil revenues reached nearly ten billion dollars last month, while the other stated that Iraq has one of the largest gold reserves among Arab countries, according to international statistics from 2023. Despite this, the Iraqi dinar remains at a value of 1/6 of a penny, which is outrageous given the apparent manipulation of the dollar in Iraq. It remains to be seen what will happen in January when the Central Bank of Iraq has reported its plan to cut off all dollars for imports, which could lead to a shortage of dollars. Thus, Iraqis should prepare for any possible impact.
