Iraqi Dinar Guru opinions 5-26-2024
5-26-2024 Newshound Guru Militia Man If they change the value of their currency they’re going to have more surpluses…The oil price is about $70 in the 2023 budget. That hasn’t changed for ’24 or ’25 because that’s a tripartite budget. They got a surplus. Oil is somewhere around $80. It’s been as high as $91ish. The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel…Iraq is going to be sitting pretty good…They have phosphates…sulfur…natural gas…Those non-oil revenue streams…taxes and tariffs are going to come online…Iraq has a good foundation for Alaq to do what he’s supposed to do.
5-26-2024 Intel Guru Bruce [via WiserNow] …We have Memorial Day on Monday — It looks like we probably will not get…the 800 numbers to call in until Tuesday — when everybody’s back at the redemption centers back to the call centers. I believe we’re gonna get those on Tuesday and exchange if we get them early enough, either on Tuesday afternoon or on Wednesday…That’s where I’ve been led from these sources that we have.
5-26-2024 Intel Guru MarkZ [via PDK] did hear some interesting things from military contacts. One in particular kinda surprised me overnight…don’t panic because they do their best to cloud the timing…He said “Do not worry- it will be before July 4th.” We will have it all before July 4th. Actually a couple military contacts gave me that same time frame. I still have great hopes for sooner…it is interesting they have plans to have it completed by July 4th…For all we know it could happen tomorrow…nobody knows the timing.
5-25-2025 Newshound Guru Militia Man If they were reducing the note count all this time, for years, is that 90 trillion outside the [central] bank for real?
5-25-2025 Intel Guru Frank26 In order to go from trillions to billions a country must go through a re-denomination of their currency. Iraq will do it by lifting the three zeros and introducing lower notes…
5-25-2024 Newshound Guru Kaperoni Community Comment: “Hopefully in the next 5 yrs we will see an appreciation of the currency price, based on the last year of progress.” I agree! Iraq has an excellent opportunity now to diversify their economy and develop the banking system.
5-25-2024 Newshound Guru Pimpy There’s this misconception that the World Bank, IMF and the BIS get to tell countries what to do. They don’t…They facilitate. They make recommendations but they don’t control a country’s bank…
5-25-2024 Newshound Guru Samson Article: “Iraq at the current stage is unable to exit the policies of the US Federal Reserve,”
5-25-2024 Intel Guru MarkZ [via PDK] Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started? I do not know.
5-25-2024 Newshound Guru PompeyPeter If for one second the new rate had been shown the Council of Ministers, the parliamentary Finance Committee or the House of Representatives we would have heard them singing and dancing and cheering from Iraq. We certainly would have seen it from the CBI first. What happened then? …As they’ve said, the amendments were viewed and passed by the Council of Ministers, the amendments of the 2024 budget were then passed to HOR via the Parliamentary Finance Committee…We definitely know the rate hasn’t been exposed.
5-25-2025 Newshound Guru Militia Man Iraq is moving forward. They’ve got huge reserves…increased their gold, they’re going to have the private sector, their stock exchange is going to be one to reckon with. It’s an emerging market and a lot of money is going to be start flowing…
5-25-2025 Intel Guru Frank26 Question: “What is the price of a bottle of co*ke in Iraq?” Way too much and that’s why the prices are being adjusted and a new exchange rate will come out to match the new or lower denominations.
5-25-2024 Intel Guru RayRen98 [via Babysmom] “US BANK STAFFERS HAVE RECEIVED MEMOS INDICATING TO BE PREPARED AN INFLUX OF CUSTOMERS HAPPENING SOON”
5-25-2024 Intel Guru MarkZ [via PDK] I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure – everything from hospitals to power grid to roads etc… And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
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