Iraqi Dinar Guru opinions 6-4-2024
6-4-2024 Newshound/Intel Guru Mnt Goat Article quote: “The budget is not affected by the rise or decline in dollar exchange rates, because Iraq will receive the dollar from the export of oil, and on the contrary, revenues increase as dollar prices increase globally,” The rate of the dollar to the dinar will NEVER be in the budget…NOT GOINGTO HAPPEN! …The budget is dependent on the price of oil.
6-4-2024 Newshound Guru tishwash Article: “The House of Representatives sends the 2024 budget schedules to the Ministry of Justice – The Iraqi Facts” the schedules are on the way to the gazette
6-4-2024 Newshound Guru Samson Article: “Finance Committee after voting on the budget tables: There is financial abundance for the governorates and ministries”
6-4-2024 Intel Guru MarkZ [via PDK] I have been unable to find a complete copy of Iraq’s budget that was passed to look for a rate. I do not think the new rate is in the budget that was passed …yet. They have the mechanism for changing the rate in there though. So they can do that rate change at anytime…They are still showing the official rate of 1310…. It happened like
this in Kuwait also…that although they had started the RV process. Kuwait was still showing the official rate for awhile. Comment: Maybe they are waiting to put the new rate in the Gazette- either Wed or Sat? MarkZ: That is very possible.
6-3-2024 Newshound Guru Pimpy Everything seems to be ending around 2025. The tripartite budget will end by 2025, the United Nations Security Council mission to Iraq will end by then. Also the end of 2025 is the projected end of the time for Saudi Arabia to end all their major projects that they got going on over there with those big lavish cities for the ultra rich to go hang out…
6-3-2024 Intel Guru MarkZ [via PDK] We are seeing some crazy things. A few of my banking contacts saw the same…they were showing a little over $4 for the dinar…over $3 for the dong…we are seeing some crazy stuff…
6-3-2024 Newshound Guru Samson Article: “Al-Moussawi calls on Al-Sudani to end Washington’s control over the national economy and liberate the frozen funds”
6-3-2024 Newshound Guru Militia Man Article: “The delete the Iraqi dinar zeros reoccurring invitation and existing challenges” That was February 25, 2024. It’s sill in the the news this year. July 26, 2023 Al-Alaq said the project still existed… Quote: “When this is done correctly we can expect Iraq to become a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980.” That’s a pretty big deal…
6-3-2024 Newshound Guru Kaperoni Article: “Iraq welcomes UN Security Council’s decision to terminate UNAMI mission” Quote: “On Friday, the Iraqi government welcomed the UN Security Council’s unanimous decision No. 2734 to end the mandate and mission of the United Nations Assistance Mission for Iraq (UNAMI) by December 31, 2025.”
6-3-2024 Newshound Guru Sandy Ingram No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy. It’s just a matter of maximizing, investing and building the infrastructure for long-term wealth…It’s only a matter of time before Iraq opens the gates to massive success.
6-3-2024 Newshound Guru Pimpy Article: “UN Security Council extends mission in Iraq for last time” The United Nations Security Council voted to end the Iraq mission by the end of next year, 2025. The UN will not be babysitting Iraq anymore. That goes a long ways towards them establishing their sovereignty.
6-3-2024 Newshound Guru Deepwoodz We have a quorum and a vote. Confirmation that they are all ready to spend spend spend.
6-3-2024 Newshound Guru Clare Article: “Al-Mandalawi after voting on the budget tables: Parliament will follow up on disbursing the specified financial amounts”. The Acting Speaker of the House of Representatives, Mr. Mohsen Al-Mandalawi, congratulated the approval of the federal general budget schedules for the current year, stressing that the presidency made great efforts with the Parliamentary Finance Committee to expedite its completion and vote on it during the current legislative term, due to its importance in terms of its direct connection to the lives of citizens and its relevance. The document includes strategic, investment and service projects.”
6-3-2024 Newshound Guru Samson Article: “Sudanese Advisor: Ending the UNAMI mission represents a ‘historic achievement’ for Iraq”
6-3-2024 Newshound Guru Clare Article: “Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations.” Quote: “The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday.”
6-3-2024 Newshound/Intel Guru Mnt Goat “The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed…the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week.” Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.
6-3-2024 Newshound Guru Militia Man Article: “Parliamentary Finance resumes its meetings regarding the budget in preparation for voting on the schedules” Quote: “Parliament decided, according to the agenda, to hold its twenty-seventh regular session next Monday…” I am not sure how long voting will take on the paragraph. But, if they are going to vote to do a budget at 1310 that would have a deficit of 64 trillion that would not be good for the people and they want to see another term in office they’ll need the 3 zeros to be removed from the exchange rate. If there isn’t a removal by Al-alaq they’ll be in a pickle be sure.
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