Iraqi Dinar Guru opinions 6-19-2024
6-19-2024 Newshound Guru Clare Article: “Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?” Quote: “Iraq’s budget for the current year 2024 allocated an amount of up to 4.9 billion dollars to establish a pipeline extending from Basra in the far south of Iraq on the waters of the Gulf, to the city of Haditha, located in the far west of Iraq within the Anbar Governorate”
6-19-2024 Intel Guru MarkZ [via PDK] I do not think we will see the Iraqi dinar float. I believe they have been clear they want to retain value and peg it to assets. But, I could be wrong.
6-19-2024 Newshound/Intel Guru Mnt Goat ..the “icing on the cake” for today’s news…It’s about the huge ATM installation and testing going on in Iraq. Why is this so important? We were told by the CBI not too long ago the significance of that the ATMs role will play in the Project to Delete the Zeros…its all interconnected…To get petty cash they will need the ATM machines. At this time the petty cash will be set to the newer lower denominations post delete the zeros.
6-18-2024 Newshound Guru Pimpy There’s been many people saying come on Pimpy tell me what is your gut feeling about the Iraqi dinar? I said look, I tell you guys the truth…I’m not going to lie about it…That drives people crazy, I’m not going to blow smoke up your guys’ ass. I think it’s a great investment. My fingers are crossed that they will increase the exchange rate without removing the zeros…Is that realistic? I don’t think so but we’re going to find out…
6-18-2024 Intel Guru MarkZ [via PDK] I did hear more from Iraq sources today confirming about the ATM installations and training.
6-18-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television showing Saleh and other leaders of the financial services saying soon the parallel market will be gone…The only way we see this [happening] is that they give us our dinar and give us a real rate for that dinar, then that would make the parallel rate go away in what we think. FRANK: Iraqi citizens know what is happening. They know the next step.
6-18-2024 Newshound Guru Sandy Ingram Countries could require that their oil be paid for in their currency. This would greatly affect the Iraqi dinar in a good way for investors.
6-18-2024 Newshound Guru Clare Article: “The European Union mission expresses its readiness to cooperate with the Iraqi banking sector”
6-18-2024 Intel Guru MarkZ Iraqi PM Sudani has announced on Iraqi RV that before the end of the holiday, which was this Wed. 19, June, that the Iraqi citizens will have their new exchange rate, access to new ATM’s and the lower denominations.
6-18-2024 Newshound Guru Samson Article: ”China acknowledges: Iraq is our largest trading partner and must actively participate in the “Belt and Road” and “Development Road” plans.”
6-18-2024 Newshound/Intel Guru Mnt Goat Article: “DETAILS OF THE MEMORANDUM OF UNDERSTANDING SIGNED BETWEEN IRAQ AND HONEYWELL OF AMERICA” Quote: “The memorandum that was signed aims to develop projects for developing refineries…noting that “raising the refinery capacity to 40 percent will add value to the crude oil produced and lead to raise financial returns and thus support the national economy.” Folks, they just told us they will be expanding their oil capacity…Iraq will also be selling these refined oil products to the rest of the middle east and probably Europe and the US. How much more revenue will Iraq generate before they finally give us the new rate? …Yes, there is a plan in place…all the signs are pointing now to much, much sooner than later. I certainly hope its June…
6-18-2024 Newshound Guru Pimpy Sudani is really doing a remarkable job. …This project [oil pipeline] he’s getting ready to fund, if it’s successful and he pulls this off, this is really going to change the landscape for Iraq, especially against other oil powerhouses in the region…This is going to be a pretty big move.
6-18-2024 Newshound/Intel Guru Walkingstick [Iraqi bank friend] Aki in Dearborn…he’s got one [new ATM machine like the ones delivered in Iraq].
6-18-2024 Newshound Guru Militia Man All we’re looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts – was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don’t. But we know our time is short…Once the amendments are passed into law, we’d like to think that prior to that they’re going to expose the new real effective exchange rate and probably mention they’ve done the project to delete the zeros which get you the nominal effective exchange rate.
6-18-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Oil experts are saying Saudi Arabia did not resign up their agreement to deal oil in US dollars. It was an 80 year agreement…They’re telling us Iraqi citizens on our television this will strengthen the local currency. Basically they’re saying that it is a float of the Iraqi dinar that is helping us get away from the American dollar so the Iraqi currency will be stronger. FRANK: The next step is to float.
6-18-2024 Intel Guru MarkZ [via PDK] Question: Are all currencies going to float? IQD, dong…etc…? MarkZ: I would not look for much of a float because we are supposed to peg to assets…
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