Pimpy – Dinar Guru We all agree that it appears Iraq is headed in the right direction. That’s always a good sign.
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Jeff
Dinar Investor – Jeff Back in mid-September Sudani went to the UN meeting in New York. He stressed and put a huge emphasis on…cleaning, tackling and removing corruption. Since that point they’ve had a lot of articles coming out talking about combating corruption…This is what you’re waiting on for the rate change…This is the central banks absolute #1 requirement in order to revalue…
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Militia Man
Militia Man – Dinar Guru Iraq’s assistance for ascension is a key indicator especially when they’re talking about post ascension. That is powerful because if they’re talking about post ascension it gives you the heads up that the game’s on – They’re ready to finish it…
Pimpy
Pimpy – Dinar Guru Articles that we spoke about pertaining to the importing of foreign currencies is a great thing for Iraq but they need more than just that to move forward with increasing the Iraqi dinar. Now, having said that, that is a great huge first step. That isn’t a small thing. That’s big. The other things are making sure your government and economy are stable. That is something within their grasp if they could just work together.
Clare
Clare – Dinar Guru Article: “Intensive Iraqi-American meetings in the Emirates result in important decisions regarding external transfers of the dollar” Quote: “The official Iraqi News Agency quoted a government source as saying that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating procedures. Regarding external transfers related to imports through the foreign currency sales window.”
Pimpy
Pimpy – Dinar Guru I believe the dinar is going to go up in value in such a way that it’s going to create a bunch of millionaires.
Militia Man
Militia Man – Dinar Guru At the moment we’re at 1310. If you drop 3 zeros you have a number…The dinar at 1000…drop the 3 zeros, what are you at? You’re at 1 to 1. That’s the project to delete the zeros off the exchange rate. Not the currency. The exchange rate.
Clare
Clare – Dinar Guru Article: “Central Bank: Inflation rates in Iraq are low and their percentage is acceptable compared to countries in the region”
Militia Man
Militia Man – Dinar Guru The second workshop the UNCTAD will put on through 11-14 November 2023. It is for Iraq’s on going preparation for WTO accession… They are in it to the end now. They are in a place where they can have accession at anytime that the check boxes are checked…They are not waiting on any distant time frame. It is all a part of the process that they have to go through and the completion stage they are in…Just note, post assistance for Iraq and for after accession is a key indicator that they are in the completion phase..
Pimpy
Pimpy – Dinar Guru Importing of foreign exchange, that was a huge step for Iraq but don’t count chickens before they hatch. Hopefully they don’t do anything to mess it up… There’s somebody in there challenging this…On the face of things with everything that’s going on with Iraq…trying to open up to the international community…trying to bring prosperity to the people…trying to get rid of the United States as a babysitter, them wanting their own sovereignty back, I just don’t understand how anybody would ever think about challenging this. [Post 1 of 2]
Pimpy
Pimpy – Dinar Guru The only people I could think of would be the corrupt people. As long as there’s a black market well then they get to make a lot of money off of it. IMO it’s most likely somebody with the political party, I don’t want to name no names, Maliki, but I’m guessing it’s got to be somebody from the Coordinating Framework that is opposing this. Because if you do allow them to import foreign exchanges and the currencies are coming into the bank it makes it really hard for there to be a black market especially if the Iraqi dinar starts going up in value…No need to panic…Positive Juju…come on everybody, positive Juju. Everything is going to go according to plan… [Post 2 of 2]
Militia Man
Militia Man – Dinar Guru Article quote: “It’s not possible to import the dollar and secure in the local market without registering the dinar in the basket of Arab and international currencies.” Bing! Wow, what did they just say? …That’s like going back to where they were in the past, that ‘previous era’…
Clare
Clare – Dinar Guru Article: “Economist: It is not possible to mint an Iraqi coin currently, and inflation is a thousand times high ”
Militia Man
Militia Man – Dinar Guru They just told you their natural resource wealth is just phenomenal. They’re telling you their taxes and tariffs at the border have been activated…tourism…all of that. What do you really know about what you own. Pay attention to that.
Pimpy
Pimpy – Dinar Guru I still think it’s going to go up in increments. That’s because there’s too many factors that have to be looked at in order for an RI to actually happen. Now I’m not saying it’s impossible…Know a lot of you out there get pissy about what I say. Look, it’s just my option and I share why I come up with that opinion. For all I know tomorrow we wake up and they reinstated a $3.22 rate. That would be awesome and people are like well, well pimpy was wrong…That’s one time I won’t be depressed about being wrong…
Clare
Clare – Dinar Guru Article: “Misdemeanor Integrity Court: Iraq has come a long way to get off the money laundering blacklist“
Militia Man
Militia Man – Dinar Guru You can’t vote on the hydrocarbon law for the citizens without revaluation. You have to have value…Just like the World Trade Organization. You have to have a value for ascension. That’s my view….I think it’s falling into place. It’s really looking kind of cool…
Pimpy
Pimpy – Dinar Guru Now that Iraq is doing this with the Central Bank, the import of Foreign Exchange does that help the currency at all? …This is a sanction that was lifted. This is opening the door for Iraq to start doing trade again with the international community…
Mountain Goat
Mountain Goat – Dinar Guru The CBI and the Finance Committee are really tightening their restrictions on the dollar. They need to get this de-dollarization process ended…Why not just make the dinar much more valuable than the dollar “officially” by raising the rate? …we can see the CBI wants to follow up on this outcome…we know they first have to create the demand for the IQD outside of Iraq…That is the hurdle the CBI is now working on. They must now get agreements in place to accept the dinar in trade transactions with other Arabic countries and other developed nations trading partners.
Mountain Goat
Mountain Goat – Dinar Guru …We can see many events in-line with January 2024. I want to bring you up to date on my latest conversation with my CBI contact… It was told to me that the re-education campaign is still going forward but not yet rolled out as of yet. There is talk in the CBI it may be postponed due to the Gaza strip conflict, but no action or direction has been given to signify this as of yet…
Pimpy
Pimpy – Dinar Guru I still think they’re going to go in increments but that doesn’t mean you won’t wake up one day and all of a sudden you find out the damn exchange rate’s been reinstated…
Militia Man
Militia Man – Dinar Guru Back at the U.N. assembly they talked about the fact that Iraq was going to be bringing confidence to banks like JP Morgan and they effectively fix the financial system of the world. Iraq is going to be one of those countries that’s going to help do that and I’m looking forward to it and I hope you guys are too…
Sandy Ingram
Sandy Ingram – Dinar Guru Just because the value increases against the US dollar does not mean the currency will be on the Forex market and just because the Iraqi currency increases in value also does not mean we as investors will have access to the currency.
Samson
Samson – Dinar Guru Article: “The Iraqi Central Bank is moving towards the US Federal Reserve to increase its dollar transfers”
Militia Man
Militia Man – Dinar Guru Things are happening on the banking side… Article Quote: “Visa Direct tool…simple transfers for the citizens. The tool facilitates the demand for foreign currencies.” Not just the dinar, Not just the dollar…They’re talking about 160 currencies. That’s what they said. It’s not my words…That’s a lot. That’s phenomenal. That means what? Iraq is going international with up to 160 currencies...
Mountain Goat
Mountain Goat – Dinar Guru …in the news is yet more de-dollarization efforts as they convert the remaining of the border crossing stations all to “all dinars” only for custom fees. The Parliamentary Finance Committee renewed on Tuesday, its support for the Central Bank’s measures to control the exchange rate and address any obstacles...we learned that the new government of Al-Sudani made promises in his administrations curriculum to bring back the dinar stronger than the dollar. Is this why he has openly in public stated the dinar is already stronger than the dollar? Well then…where is it? As investors we wait for it.
Pimpy
Pimpy – Dinar Guru Things are still looking really good for Iraq. They still manage to be keeping their nose out of what’s going on over there in the Middle East even though it starting to escalate…
Militia Man
Militia Man – Dinar Guru There’s a little bit of turmoil going on with Kuwait…when it comes to demarcations …Maritime borders are sovereign right too but the most important one is the ‘unspoken Chapter VII’. I believe the unspoken one is because of their currency exchange rate…Chapter VII has to do with the UN and until they are released and allowed to go Article VIII compliant with the IMF…ascend to the World Trade Organization…be able to have a valuation for their oil and gas law…That’s what’s in play right now…They are going to need an internationally accepted exchange rate…
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