Clare

Clare – Dinar Guru  Article: “The Iraqi Parliament receives the 2024 budget schedules”

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We buy (and sell) Dinar!!

We buy (and sell) Dinar!! 

We Buy Iraqi Dinar (and Dong) at the highest rate in the industry & are very quick on turn around times.

Our current Dinar Buy-Back rate is, essentially, the OFFICIAL CBI rate as offered in Baghdad.

615-509-6256

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Pimpy

Pimpy – Dinar Guru  Article:  “A reading in the fiscal and monetary policies of the IMF report – May 2024”   This is not good, mostly because they rely so much on oil revenues and they need to develop the private sector more...Yes Iraq is taking huge leaps and bounds but…there’s a lot of things that still have to be done.

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Kaperoni

Kaperoni – Dinar Guru  Article: “Specialists: Economic integration and job opportunities await development”  Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we’re beginning to see such steps.

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Follow us on DinarUpdates:

on Twitter – @DinarUpdates – https://twitter.com/DinarUpdates

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Clare

Clare – Dinar Guru  Article:  “The Central Bank begins the second phase of its banking reform strategy”  Quote: “what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably

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Pimpy

Pimpy – Dinar Guru   Article: “Floating the Iraqi dinar.  A solution to fill a ‘gap’ whose volatile price against the dollar”  If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I’m out of there!  Seriously, I will sell my currency…The cool thing about this is there’s no talk about a redenomination.  So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate?  …Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it.  I wouldn’t procrastinate or gamble with it.

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Mountain Goat

Mountain Goat – Dinar Guru  Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or…export more products

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Pimpy

Pimpy – Dinar Guru  Question:  “Is it true the USA invested $60 billion into IQD?”  No.  That’s a rumor.  That’s been going on for years and years and years.  Nobody and I mean absolutely nobody out there has any proof that that’s true.  It’s just a rumor…just like the rumor about Trump owns it and before that we heard Obama owned IQD and before that Bush owned IQD.  Every time there’s a new president we hear that president owns IQD… There’s no proof out there anywhere.  I made that challenge many time for people to show me any proof that any president or any individual has invested in the IQD specifically. It’s just a rumor that’s been going around.  That’s all it is.

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Kaperoni

Kaperoni – Dinar Guru    …No need for any lower denominations at the current time…

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Clare

Clare – Dinar Guru  Article Quote:  “Members of the Security Council support ending the mission of the UNAMI mission in Iraq”  Quote:   “A number of members of the UN Security Council – including Russia and China – yesterday, Thursday, supported Baghdad’s request to end the mission of the United Nations Mission in Iraq (UNAMI) by next year, but Washington did not immediately provide its support for this step.

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Samson

Samson – Dinar Guru  Article: ”The Security Council supports Iraq’s request to end UNAMI’s mission… and an ambiguous American position

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Militia Man

Militia Man – Dinar Guru  Saleh says if you do a float it’s dangerous, it’s going to turn out to be unruly...He also said he’s going to have a mixed or managed float, which is going be stabilizing…They had about 4 articles about that…Why are  they saying it and giving one specific option?  Because that’s what they’re going to do…All the different ways of doing it were  negative but the one [positive one] was a managed float.  That’s a mix between a floating currency and a fixed.  They manage it and  that’s the most stable…

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Clare

Clare – Dinar Guru  Article “Adjourning the session to elect the Speaker of Parliament until further notice”   Quote  “It is noteworthy that a quarrel and fistfight occurred between representatives Muthanna Al-Samarrai and Haibat Al-Halbousi inside the House of Representatives hall during the third round of electing the president, creating massive chaos, which prompted the postponement of the decision-making session until further notice.”

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Clare

Clare – Dinar Guru Article: “Floating the Iraqi dinar…a solution to fill the “gap” of its troubled price against the dollar”  Quote: “The flotation scenario also means “the withdrawal of the monetary authority as the main central offerer of foreign currency, and its replacement by new forces of free market makers, which certainly have only a weak, limited supply of foreign exchange, according to Saleh.”

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Samson

Samson – Dinar Guru   Article 1:  “Floating the Iraqi dinar…a solution to fill the “gap” of its troubled price against the dollar  Article 2: “The persistence of the dollar gap disturbs the Sudanese government’s service successes..’Newspaper’ analysis

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Mountain Goat

Mountain Goat – Dinar Guru   Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time…The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan… I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty.

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Militia Man

Militia Man – Dinar Guru  Article:  “The Finance Committee ‘knows nothing’ about the budget tables”  Al-Sudani has been holding his cards so ever close to the chest. The looks of it now is that he will not expose the 2024 schedule data until after there is an exchange rate change that will reduce the deficit Will that be after the vote for the Speaker of the House of Representatives in the HoR and or before extraordinary session for Sunday by the Prime Minister of Iraq, Al-Sudani.. Time will tell. But, since the CoM nor the HoR have yet to receive the 2024 Budget schedules we can deduce, it is going to be a very tight window for events to occur.

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Pimpy

Pimpy – Dinar Guru  We are seeing a renaissance take place over in Iraq. But the same issues that are keeping it from really taking off and giving Iraq the type of boom it really needs in its economy and its growth is being held down by the same corrupt politicians that have been holding Iraq back for the past 20 plus years...But overall the report from Jeanine Plasschaert was very very uplifting and praising.  It showed a lot of positive things taking place in Iraq so don’t let the bad things overshadow all the progress Iraq has made…We look forward to Sudani continuing this for at least another four years we hope.

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Militia Man

Militia Man – Dinar Guru  Article:  “Securities Commission: We are studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges”  Get ready because each and every one of us that have a brokerage account may in the future have the potential to buy stock in Iraq….You might find some fascinating companies.  There could be some index funds that you want to try to tap into…

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Kaperoni

Kaperoni – Dinar Guru  Article:   “IMF Executive Board Concludes 2024 Article IV Consultation with Iraq”  My preliminary review are the Article IV Consultation clearly emphasizes the urgency to diversify their economy in raising non-oil revenue…There’s also significant discussion encouraging Iraq to continue to develop their banking system and remove excess liquidity.   [Post 1 of 2]

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Kaperoni

Kaperoni – Dinar Guru   These comments from the IMF are obviously meant to encourage them that the opportunity is now to develop and accelerate economic growth…as well as to take significant steps forward with their banking system engaging with banks outside of Iraq.  From these documents, it is very clear that Iraq still has a lot of work to do. And I do not see in the near future any change in monetary policy until progress is made.  Again, creating the conditions for economic  growth appears to be the focus.     [Post 2 of 2]

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Clare

Clare – Dinar Guru Article: “Iraq increases its possession of gold by more than three tons, bringing the total to 145,661”  Quote “Iraq’s gold reserves witnessed a noticeable increase during the month of February 2024, as International Monetary Fund data showed that Iraq has increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.”

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Pimpy

Pimpy – Dinar Guru  I said it a million times.  I’m saying the deletion of the zeros is a possibility.  I want the same thing you do.  I own Iraqi dinar.  I’d rather they keep the zeros on and change the exchange rate to $3.  I would love that.  Or even 1 to 1.  I want the same thing you do.  What I’m saying to you is you guys should understand that there’s another possibility that’s likely to happen.

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Sandy Ingram

Sandy Ingram – Dinar Guru  It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue.  It appears until Iraq updated its banking system the country could not participate in the global financial platformsThe bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.

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Militia Man

Militia Man – Dinar Guru  Article:  “Sudani directed the extraordinary session of the council for next Sunday, the federal budget schedules for the year of 2024”  We have the vote for the  speaker of the House of Representatives on Saturday and then we have a special session about the 2024 budget schedules with the Council of Ministers then they go to the HOR…

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Mnt Goat

Mnt Goat  – Dinar Guru Article:  “THE DOLLAR IS REELING FROM A FATAL BLOW AND THERE ARE FEARS OF A COLLAPSE OF THE DINAR”  …let me say with 1000% certainty the dinar is NOT going to collapse…

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Sandy Ingram

Sandy Ingram – Dinar Guru  The World Bank is working with the Iraqi Finance Minister to implement banking reform as quickly as possible…things are happening fast.

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Pimpy

Pimpy – Dinar Guru  There are a ton of reforms especially in the banking sector.  They’re getting there but they’re not 100% there yet as far as confidence in the currency.  Nobody has confidence in it besides those who are invested in it.  It’s not that they have confidence in Iraqi dinar, they’re hoping there’s a big difference…There’s years and years of history shows you Iraq constantly screws up and ends up back on square one.  You can’t blame people for being negative. IMO Iraq has taken all the steps necessary to get there but they’re not there yet.  Give it time…

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Kaperoni

Kaperoni – Dinar Guru   It…is preposterous to think that you’re going to walk into a bank and exchange Iraqi dinar for US cash. It is a fact that most Emerging Market countries are very volatile, banks by nature are very conservative.  Not happening…Market makers, ECNs or established financial institutions would make more sense to manage incremental gains.

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