Godlover

Godlover – Dinar Guru   I would not be concerned if the food security law is passed with the general budget, but it would be concerning to me if the food security law passed without the budget. This would tell me they expect the general budget not to pass for some time. Side note: I do however expect this new law will coexist with the general budget once passed. [Post 2 of 2]

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Mountain Goat

Mountain Goat – Dinar Guru   We can already see…al-Sadr is our champion along with Al-Kazemi and Saleh. There are many more patriotic members of parliament too who will fight to keep Iraq free and sovereign. With this freedom and sovereignty comes our RV.

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Militiaman

Militiaman – Dinar Guru   “the current financial abundance achieved from the increase in oil prices needs a legal cover for the disbursement of funds under the Food Security Law, while there will be an entitlement to the oil-producing governorates under the petrodollar item.”  This reeks of the HCL.. IMO … FOOD SECURITY… Comes PURCHASE POWER… They are using the FOOD SECURITY as a cover, IMO..

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Kaperoni

Kaperoni – Dinar Guru   My personal view is I still believe that Iraq will float the dinar allowing it to gradually appreciate as the economy in Iraq prosperous. Which means it’ll be gradually over time and it’s going to take a while.  I firmly believe only with the success of Iraq’s economy can the dinar appreciate in value.

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Pimpy

Pimpy – Dinar Guru  Things are really starting to look good for Iraq in many different ways.  If they could just get past this political blockage, get a government formed…stick to the white papers – then I think they’re going to do really good.  The World Bank and IMF have been making some really strong predictions for Iraq’s economy and if they can stick to where they are it’s going to be really good for them…Iraq is recovering way faster than they thought.  I haven’t changed my mind, when Iraqi dinar goes up it’s going to go up in increments

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Mountain Goat

Mountain Goat – Dinar Guru  Article:  “THE MINISTRY OF FINANCE CLARIFIES ABOUT RESTORING THE DOLLAR PRICE TO 120
THOUSAND IN THE 2022 BUDGET
”  Quote:  “There is no truth to the news circulating on social media and attributed to the Undersecretary of the Ministry of Finance about the existence of ongoing discussions to re-reduce the price of the dollar to 120 thousand dinars within the 2022 budget”  I have told everyone over and over again that the RV is NOT in the budget nor will it ever be in the budget.

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Petra

Petra – Dinar Guru  I suspect after seeing the UST, WB, IMF, Deputy Prime Minister, Alawi, in meetings of late, is a sign… A big one…many players …at the “End Game!” IMO

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Clare

Clare – Dinar Guru   Question  “Do I remember correctly that the caretaker gov’t can become the seated gov’t by Kazemi making it so?”  YES, THE GOVERNMENT DOES NOT NECESSARILY HAVE TO CHANGE AS THE ARTICLES HAVE SAID THEY MAY AGREE TO KEEP KAZEMI, BUT WE NEED THE OFFICIAL ANNOUNCEMENT OF THE NEW GOV. EVEN WITH KAZEMI…THERE NEEDS TO BE CONFIDENCE IN THEIR GOV. IMO

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Samson

Samson – Dinar Guru   Article:  “Iraq… Ambiguity surrounding the 2022 budget”  Quote:  “one of the most important priorities of the upcoming budget, according to global oil prices, is to adjust the value of the dinar against the dollar,“…

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Pimpy

Pimpy – Dinar Guru   Article:  “70 private banks in Iraq – and the World Bank expects it to be ranked first in the Arab world in growth”  Yes, the World Bank is saying that Iraq is going to be #1 in terms of GDP growth verse the rest of the Arab world which is outstanding news…this is exactly what you want, huge growth, stable government, a bigger private sector, less reliant on oil.  This is great news.  This looks very good as long as they can stick to reforms, don’t rush the exchange because if you do it could be a setback and they will end up waiting years.

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Militiaman

Militiaman – Dinar Guru  Article:  “Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?”  My view is that it is possible that the Care Taker governments can and may have this sorted already and we will find out in short order to support that fact again, imo.  The UST, IMF-WB meetings…over the last week imo will bare fruit and likely large fruit. So plentiful that the citizens will be fed for generations to come… Imo I.E.. 2022 Budget with new exchange rate to be exposed back to a previous era.

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Mountain Goat

Mountain Goat – Dinar Guru   It looks like there is finally a breakthrough in forming the new government …The announcement has not yet happened and is very close. I am told it will happen this week and Saleh and Kazemi will remain in place. This is fantastic news…Not only Sadr but Kazemi and Saleh both support the anti-corruption efforts. WOW! Folks this is our path to the reinstatement…

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Petra

Petra – Dinar Guru  Press Release “U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi”  I’m having a hard time with that Food Security Law. With the budget imminent, what’s the need for it? UNLESS…it’s a COVER for something else??? ...I think we can all agree that the “actions” we are seeing clearly delineate a game plan and a strategic execution of timing and global input for Iraq ‘s next move. With food prices skyrocketing they clearly only have one move to protect their citizenry. A global Force Play!

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Pimpy

Pimpy – Dinar Guru  Video “Why Foreign Currency Reserves Are Important”    Quote “holding foreign currency reserves…influence the exchange rate.  With large foreign exchange reserves a country can target a certain exchange rate.  For example, suppose a country wanted to increase the value of its currency, it could sell its dollar reserves to buy its own currency on the foreign exchange markets.  The increased demand for this currency would appreciate its value.” …a few years back Iraq was taking I think $1.5 billion a month from their oil revenues and buying their own currency back off the market… [Post 1 of 2]

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Pimpy

Pimpy – Dinar Guru  Article “Central Bank: cash reserves exceeded 70 billion dollars”  ...The Central bank has reserves exceed $70 Billion.  This is good.  Iraq continues to build up the reserves…the more Iraq continues to build up their reserves the easier it is for them to stabilize their own currency...with these reserves they can…increase the value of the exchange rate by buying more of their own currency off the market… Iraq ‘s foreign reserves are increasing.  It’s just another step in strengthening the Iraqi dinar and then eventually moving up in the exchange rate.  [Post 2 of 2]

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Samson

Samson – Dinar Guru  Article:  “The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014”  Article:  “The Central Bank: Our cash reserves exceeded $70 billion”

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Militiaman

Militiaman – Dinar Guru   Press Release:  “U.S. Department of the Treasury: Under Secretary Brian Nelson’s Meeting with Iraqi Deputy Prime Minister and Minister of Finance, Ali Allawi”  The food law, as they are calling it is a necessity of the citizens. They have been talking about the GOI and the 2022 Budget, i.e., a new exchange rate too IMO.  Quote:  “They discussed challenges facing Iraq, including inflation and pressure on supplies of food and other commodities as spillovers from Russia’s invasion of Ukraine – food prices in Iraq have increased by double digits since the start of the war.”  A new exchange rate is imo all that is needed to curb inflation and bring purchase power…Lets see what the day(s) bring…I like this a lot. It is a very timely piece from the UST…

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Pimpy

Pimpy – Dinar Guru   Everybody’s wanting to know about the Iraqi rate change.  I’m going to tell you right now, until the government is formed, the budget is passed, more money is invested into the private sector – that is not going to happen.  I know that’s not a popular thing to say but…we stay grounded.  I’m not here to blow smoke up your butt.  I’m here to just be realistic about this investment…

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Clare

Clare – Dinar Guru   Question:   “Will the IQD be asset backed when there is a change in rate?”  YES, BECAUSE IT IS ASSET BACKED ALREADY BECAUSE THE AMOUNT OF WEALTH IRAQ HOLDS IS AMAZING!!! IMO  THE CBI RESERVES ARE VERY HIGH!  COUNTRIES HAVE INVESTED &  CURRENCY SWAPS HAVE TAKEN PLACE  … BECAUSE THEY KNOW WHAT IS GOING TO HAPPEN IN  IRAQ!

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Frank26

Frank26 – Dinar Guru    Article: “The Dollar Exchange Rate That Will Be Approved In The 2022 Budget ”   WHY DO YOU NEED TO APPROVE THE EXCHANGE RATE FOR THE 2022 BUDGET… WHEN YOU ALREADY HAVE AN EXCHANGE RATE… UNLESS YOU’RE GOING TO CHANGE IT.

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Mountain Goat

Mountain Goat – Dinar Guru   …All the news is very good. …the CBI once again announced that the monetary reserves are very high. We know the IMF requires just 45 billion for financial stability and they just announced reserves of 70 billion. We know for a fact the reserves are actually around 90-100 billion as they sometimes include the gold reserves valuation in the total and sometimes they don’t.

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Kaperoni

Kaperoni – Dinar Guru    [Re: ‘Discovered new dinar research document”   If this event occurs, Iraq will make citizens exchange 1,000 current Iraqi dinars for one new Iraqi dinar. That one new Iraqi dinar would be worth approximately $0.50. In other words, about $500 per million of the current dinar.  The research paper published and proposed to the central bank for the currency change in Iraq discusses the specific conditions for the implementation. Those conditions are met therefore it recommends the beginning of 2023.  This plan is a neutral currency swap at 1000 current dinar to 1 new dinar.  Iraq is discussing a new currency, in essence a re-denomination.  Not a RV!

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Pimpy

Pimpy – Dinar Guru  The faster they get away from depending so much on oil the faster they can create more jobs for the Iraqi people, the faster they can get more people off government assistance the better.  Then if they get to stabilize their government I don’t think it’ll be too long after that we’ll see something change in the dinar rate…

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MilitiaMan

MilitiaMan – Dinar Guru  Article:  “Iraq.. Expose the reasons for the demands to withdraw the hand of the director of customs”    No wonder there is movement on the borders to get compliance, the ISO20022 [electronic data interchange between financial institutions] is in the making already. It has been long over due. This article supports that the time is now not next year…The world is not looking back nor are they waiting much longer for significant change. There no more procrastination and Iraq has shown they know it and have had to react. This is a very good sign… imo..

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Samson

Samson – Dinar Guru   Article:   “The Central Bank announces an increase in cash reserves to 70 billion dollars”

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Pimpy

Pimpy – Dinar Guru  …more rate change conversation.  They’re out there talking about their rate exchange again…This seems to be the talk of the town.  Article: “Finance responses to news of its discussion to reduce the dollar exchange rate”  Before we had a lot of discussion about the rate change.  That’s obviously died down a little but I think it was interesting that there was article after article talking about a rate change given the fact that oil prices we up in a big way...$150/barrel that’s supposed to be happening shortly.  If the projections are correct then Iraq is going to have a lot more money than they had anticipated…which is what you want

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Kaperoni

Kaperoni – Dinar Guru  This is proposed and of course it directly is related to Iraq forming a new government prior…the Central Bank of Iraq would have to accept the proposal.  But considering this proposal is public, and symposiums are being held to educate the citizens, it appears to be what is being pushed forward to be implemented.   [Post 2 of 2]

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Kaperoni

Kaperoni – Dinar Guru  [Follow up to Guru Kaperoi’s ‘Discovered new dinar research document” Post 4-15-2022]  …what is being talked about and proposed in Iraq for the beginning of 2023 is a currency exchange (LOP).  At least two public events must happen before this currency exchange could occur.  Parliament must vote and approve of the new currency and implementation and they must officially notify the citizens.  The proposed implementation is at the beginning of 2023. [Post 1 of 2]

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Clare

Clare – Dinar Guru  Article:  “Overtaking Qatar, Saudi Arabia and the UAE… Iraq is the first in terms of GDP growth and per capita”  THIS IS REALLY GREAT!  IMO AND THIS IS FOR 2022… ACCORDING TO THE ARTICLE.

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Pimpy

Pimpy – Dinar Guru  Article: “Cities of Iraq witness demonstrations calling for the speedy formation of the government”  When people are going ‘Oh man we got all kinds of money coming in Iraq.  We’re going to do the rate change!’  No, No you’re not…you have to have a stable government, a stable economy and there has to be peace there not civil unrest.  Until all this stuff gets squashed and we move forward with a government that’s formed, a budget that’s passed and the people are not protesting, you’re not going to see a rate change…

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