Dinar Investor – Jeff Iraq has already revealed to you they’ll be revaluing their currency specifically within the month of March. It’s not even a secret.
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We sell Iraqi Dinar & are very quick on turn around times.
We Buy-back currencies as well.
Militia Man – Dinar Guru The Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies. To do what? Clearing and settlement in the system with accurate and facial data. Those two things right here are solidifying that there’s something happening…
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Pimpy – Dinar Guru Article: “Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars” That’s perfect because…the more reserves you have the easier it is to protect your exchange rate.
Mountain Goat – Dinar Guru Article quote: “Does deleting the currency’s zeros affect its value?…” I called my CBI contact…and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW! Then…out pops this article, then another and…yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so…It is now on the radar scope for the CBI for the very near future? [Post 1 of 2]
Mountain Goat – Dinar Guru remember…the difference between RATE and VALUE…the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate…Economic expert, Durgham Muhammad, said to the citizens and I quote – “that deleting the currency’s zeros does not conflict with its value”…Okay, so…we all know the rate is being artificially suppressed …Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. [post 2 of 2]
Pimpy – Dinar Guru When we’re talking about the deletion of the zeros, it comes off the bank note only. It isn’t going to change the exchange rate. The exchange rate is going to be equal in value…You got people out there saying that deleting the zeros does not mean the currency, it only means the exchange rate. That’s not accurate… The 25,000 dinar has the same value as a 25 dinar…25,000 dinar times .00076 gives you $19. So when we delete the zeros…25 x .76 is the same exchange rate [$19]…Delete the zeros…is not increasing the exchange rate against other currencies.
Pimpy – Dinar Guru On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That’s not reflected in there. It’s not really 101 trillion Iraqi dinars in circulation. That’s what they put out in circulation but not what’s actually in circulation.
Militia Man – Dinar Guru Merchants will now be able to use the dinar to pay for foreign currency to buy international products…I would imagine there will be changes to Iraq’s currency that will be reflective of the real value of the IQD…They haven’t been using Iraq dinar at 1310 to purchase other foreign currencies. They’ve never done that before at 1310. Now they’re saying they can do that…1310 exchange rate has never been an international exchange rate…That’s coming from the Central Bank of Iraq so obviously something is happening because they’ve never done it before. I think it’s really good.
Sandy Ingram – Dinar Guru 10 weakest currencies in the world: The value of a currency depends on supply and demand while some are pegged, meaning the currency is valued at an agreed rate. The foreign exchange rate is an indicator of a country’s economic wealth. #10 The Iraqi dinar – inflation and political instability are the given reasons. #9 Ugandan shilling (USH)… #8 Paraguayan Guarani (PYG)…land locked in South America #7 Guinean Franc (GNF)… #6 Uzbekistani Som (UZS) 1 USD = 12,501 UZS #5 Indonesian Rupiah (IDR) #4 Laotian Kip (LAK)…only land locked country in Southeast Asia. #3 Sierra Leonean Leone (SLL). #2 Vietnam Dong (VND) #1 Iranian Rial (IRR)
Pimpy – Dinar Guru Article: “The central bank announces the increase in the size of its reserves to more than $100 billion…” That’s adding a lot of money to the amount they already had… This is awesome for Iraq because having those foreign currency receivers does a great job in stabilizing your currency, supporting it and making it stronger…
Samson – Dinar Guru Article: “The central bank announces the increase in the size of its reserves to more than $100 billion.”
Militia Man – Dinar Guru There’s a quietness from the WTO when it comes to Iraq…Why did they do that? We can speculate on that. The truth be told is Iraq…would have more impact on the economic situation in the global financial system…It’s a big thing, a very big thing that the WTO lifted up two of the smallest lower developed countries in the world but they didn’t talk about one that was going to fix the financial system in the world. They didn’t talk about Iraq…Why? The shocks that the World Bank talked about. You can’t go and shock the whole world…and not have everybody ready because that’s going to cause chaos…
Pimpy – Dinar Guru Yeah, I know, we’re all doing the pee-pee dance. But don’t get overly excited because Iraq has a way of letting people down sometimes. Let’s stay grounded. There are other issues out there that we still got to tackle. But for the most part a big chunk of what we were hoping would happen is starting to happen now…Everything is looking really good. The next thing we got to wait for is the member states to vote Iraq back into the World Trade Organization and see what it’s going to take to get them on Forex…
Clare – Dinar Guru Article: “Iraq is looking forward to joining the World Trade Organization” Quote “riday, the Ministry of Commerce confirmed the government’s aspiration to join the World Trade Organization, especially after the Saudi representative in the organization, Saqr Al-Muqbel, was named to manage Iraq’s accession file, noting that his recent visit to Baghdad contributed to addressing a number of important files”
Militia Man – Dinar Guru They’re holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time…
Samson – Dinar Guru Article: “Iraq is looking forward to joining the World Trade Organization”
Kaperoni – Dinar Guru If Iraq is ever going to raise the value of the dinar they need to do it gradually over time so they can reduce the money supply. As well, a gradual increase reflects the economic growth of the economy.
Pimpy – Dinar Guru Article: “Sudani: Investment environment in Iraq is promising and open” Remember they have to be able to draw in foreign investors. As long as the country appears to be stable, the economy looks to be stable, the exchange rate looks to be stable, the currency looks to be stable, it’s all promising…this is all great news. This is one hell of a day for Iraq…
Clare – Dinar Guru Article: “Iraq is looking forward to joining the World Trade Organization“ Quote: “Iraq has today become a major economic player on the world level and needs to harmonize Iraqi laws with international laws.“
Pimpy – Dinar Guru Today easily has got to be one of the best days of news for Iraq I’ve seen in a long time. They have been busting their asses to get their country in line to get back out and do business on the international market…One great article after another…
Harlequinc3 – Dinar Guru Question: “I don’t have any receipts of currency i bought 14 years ago…is that a problem to exchange it when the event happens?” Only in the event of an audit for taxation. The bank won’t care in the slightest when and where you got your dinar — as long as it’s valid currency. All the receipt proves is WHEN you bought your dinar — which only matters to entities like the IRS, because the tax bracket for capital gains changes depending on how LONG you’ve had the asset.
Clare – Dinar Guru Article quote: “Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq”
Sandy Ingram – Dinar Guru US Department of State Website Article: “Secretary Antony J. Blinken and Kurdistan Regional Government Prime Minister Masrour Barzani Before Their Meeting” The Iraqi Kurdistan prime minister has not been in Iraq at all for several days, but in Washington DC, meeting with Secretary Blinken. They are discussing what went down in the first quarter of this year in Iraq.
Militia Man – Dinar Guru Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than…the WTO, We have the World Bank…the ITC…Saudi Arabia….Armenia, the International Foundation for Corporations…What do they need with that? They need freedom of capital movement. That’s article VIII compliance…What a time to be an investor in the Iraqi dinar…
Pimpy – Dinar Guru Here’s the biggie everybody is celebrating. We’re not there yet but very close. Article: “Iraq has completed requirements to join WTO: Minister” We have to wait till they get voted in. Yes they completed all the steps. Let’s hope they keep their nose out of trouble and finally get accepted…Iraq is right there at the cusp, man, it really is. This is big news.
Mountain Goat – Dinar Guru some…recent…very interesting and informative news articles we can use to help connect the dots about what is going on with the Project to Delete the Zeros…all fantastic news but just news for now. The actual execution part is coming VERY SOON but not yet! …I am still staying VERY excited but remember Iraq does not work on our schedule…Just relax it is coming and we must just follow the news and see what happens next…
Militia Man – Dinar Guru Iraq is going to have a lot of inflows. They’re going to need to make things stable…To be able to defend their currency they’re going to need to keep pricing stable…All these guys, the World Trade Organization all know that.
Pimpy – Dinar Guru We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars…If that bank…buys and sell foreign currencies they would keep it on their books as an asset. If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books. [Post 1 of 2….stay tuned]