These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinions
According to Iraqi Dinar Intel Guru Frank26:
The idea that we don’t have to pay taxes on dinar exchange is completely false. It is important to understand that in the history of the United States, there has never been a time when the government said that people didn’t have to pay taxes on their income. If you believe that you can avoid paying taxes on your dinar exchange, you are deceiving yourself. It’s important to remember that paying taxes is a part of being a responsible and honest citizen. Don’t fall into the trap of thinking that you can avoid paying taxes, because the government will do everything in its power to ensure that you pay what you owe.[NOTE: Consult your tax professionals at the appropriate time to determinate proper tax for your unique circ*mstances]
According to Newshound Guru Militia Man:
They need to establish an exchange rate for the HCL. That’s my opinion.
According to Iraqi Dinar Newshound Guru Jeff:
It was necessary for Iraq to publicly post the budget operating instructions in the Gazette for the implementation of the 2023 budget. However, this was never done, and the step was completely skipped. This is the reason why Iraq has not yet implemented its 2023 budget and has been resorting to financing salaries since July. If an active budget was in place, there would have been no need for financing.
According to Newshound/Intel Guru Walkingstick:
Sudani informed Iraqis that their currency would soon be the world’s strongest, not just in the Middle East.
According to Iraqi Dinar Newshound Guru Pimpy:
The recent months have been very favorable for Iraq. They have been making significant progress and moving in the right direction. Iraq is taking all the necessary steps to regain acceptance in the international community and regaining privileges that they had lost before. It won’t be long before they achieve their sovereignty. Iraq is currently working on joining the World Trade Organization and their banks are now capable of performing international foreign exchange transfers. Additionally, they are engaged in currency swaps with other countries. The good news doesn’t stop there, there is more to come.
According to Intel Guru MarkZ:
According to the PDK, there is big news that the Parliament has called for a special session as the alliance has nominated three candidates to replace Al-Halibousi, who was considered a major roadblock on the issue of the HCL law. The Kurds and Baghdad were particularly affected by his stance. From reliable sources, it is believed that Al-Halibousi was indeed the main obstacle to passing the HCL law, and his removal is a positive development towards achieving this goal. The replacement is expected to be finalized by December 1st. Let’s hope and pray that this timeline is accurate.
According to Iraqi Dinar Intel Guru Frank26:
I currently live in Spain and last Friday I visited the Bank of Spain branch located in Barcelona. This is the Central Bank of Spain and there are only two branches in our country. During my visit, I presented a 50K dinar bill to the man at the counter, hoping to exchange it. However, he informed me that they couldn’t change the bill at that location. He did, however, provide me with information that Banco Santander and BBVA are the two largest banks in Spain and will 100% be involved in exchanging this currency. He even took the time to explain the process of exchanging the bill, the maximum amount of cash that I could legally withdraw, and which banks to go to. It was evident that he knew what bill it was and where it was from. It’s reassuring to know that the banks in Spain are paying attention to what’s going on and what’s going to happen in the near future. In Spain, they take these things seriously, and the banks are well-informed about everything.
According to Newshound Guru Clare:
Private banks and exchange companies are reportedly making concerted efforts to reduce the exchange rate of the dollar. According to sources, these financial institutions are working together in coordination to lower the price of the dollar.
According to Iraqi Dinar Newshound Guru Militia Man:
The Federal Reserve Bank, German Central Bank, Central Bank of Italy, Central Bank of Spain, People’s Bank of China, Kuwait Finance House, Riad Bank, Saudi Arabia, First Abu Dhabi Bank and other prominent banks are scheduled to attend meetings. These meetings will result in the publication of working papers, which will outline how to respond to economic shocks. Essentially, they are warning that a document will be released that will guide countries on how to respond to economic shocks. It’s intriguing because it suggests that something significant is going to happen.
According to Intel Guru Frank26:
After the HCL IMO is seen, the new exchange rate appears almost immediately.
According to Iraqi Dinar Newshound/Intel Guru Mnt Goat:
According to recent news, Iraq is finally moving towards standard protocols in money exchange. This is fantastic news as by January 2024, program rates will be eliminated and no merchant in Iraq will accept dollars anymore. However, I asked about the timing of the switchover, and it appears that it will not be sudden as many of us anticipated. Rather, it will be a gradual process that has already begun. It seems that there is no turning back now. Based on my recent conversation with my CBI contact, it is possible that they may plan to RV before January. I am pleased to say that this is the best information I have received so far.[Post 2 of 2]
According to Newshound/Intel Guru Mnt Goat:
Wednesday intel call to my contact at the CBI: A TV media output broadcast recently informed the citizens that the official rate of the dinar would be over $1 in the upcoming days. PM Al-Sudani explained most of it in a speech format, which is part of the educational process. This indicates that the revaluation process has started, and they plan to distribute the newer lower denominations to the banks in exchange for the larger 3 zero notes. When the new lower denominations are released to the public for circulation, they will start at the airports first. By January 1st, 2024, Iraq will only use dinars exclusively, which is why banks are now allowed to hold foreign currencies besides dollars.[Post 1 of 2….stay tuned]
According to Iraqi Dinar Intel Guru MarkZ:
According to sources from Iraq, the final three paragraphs of the HCL have been completed 100%, and the World Trade Organization Iraq ascension is expected within a few days. They are confident that they will reach their goal by December 1st. Some sources suggest that it may even happen before Thanksgiving. All in all, things are looking very promising.
