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New to the Iraqi Dinar? Start Here: Biggest Dinar Myths & Secrets Exposed
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate: 1310 IQD to 1 USD Dinar Market Rate:1475.14 IQD to 1 USD - Are Rates IMF 2% Rule Compliant for 90 Days: NO (maintained market rate: Mar. 15, 2018 to 4-20-2020 | 12-20-2020 to 5-26-21 | 6-16-2021 to Unknown date) Dinar Guru "RV" Meters
( Updated: )
Dinar Gurus who feel Dinar will RV within days...
26% Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished...
74% Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
37% Dinar Gurus' Official Master List of Possible Major " To Do's ":
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3-18-2024 Intel Guru Frank26 I was excited when Sudani suggested 1.32 but now I am crazy excited to see Alaq the governor of the Central Bank of Iraq suggesting the same thing.
3-18-2024 Newshound Guru Pimpy Vietnam became the 150th member of the World Trade Organization back in 2007...with the same icky exchange rate. Not only that but...Vietnam is currently trading on the Forex...In addition to that Vietnam is on the Swift System...When you try to look up Iraq there is no Iraq because they're not on the Swift System. So you have Vietnam with a way worse exchange rate than Iraq part of the World Trade Organization...on Swift and they're trading on the Forex...If Vietnam is there with their current exchange rate then there's no doubt...Iraq...can be on these programs as well [at their current exchange rate]. 3-18-2024 Intel Guru MarkZ ...There is a tremendous amount of chatter from my contacts with expectations for the next day or 2...we will see but I think that may be a little premature...I do feel really good about where we are. 3-18-2024 Newshound Guru Militia Man Al-Sudani talked about having $1.00 equaling 1.32 dinars...I believe in my view is when they drop the three zeros from the exchange rate, what you'll have is about .76 USD. Then they apply the Real Effect Exchange Rate to that. And that's going to be based off of their assets... 3-18-2024 Newshound Guru Samson Article: ”Al-Sudani: There are those who want to obstruct reconstruction, and they will not discourage the government from proceeding with its plans" 3-18-2024 Newshound/Intel Guru Walkingstick WTO means currency restriction free, therefore all members can use multiple foreign currencies to buy, sell and trade but Iraq has decided...all...contracts that have been recently signed with Sudani must be converted into Iraqi dinars. 3-18-2024 Newshound Guru Clare Article: "Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars" Quote: "The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars." 3-18-2024 Intel Guru Frank26 The Prime Minister is going to Washington DC ...He's going to talk to the U.S. Treasury about the new exchange rate...He's talking to it with everybody. 3-18-2024 Newshound/Intel Guru Fnu Lnu On the issue of Old Notes (circulated) versus New Notes (uncirculated) I can tell you this. The "Oil for Dinar" program is very real and those are called Private Placements. They require ONLY uncirculated notes to participate. Otherwise, if you aren't in such a Private Placement exchange then it doesn't matter at all. Also, new uncirculated notes of certain serial numbers are going to be used as Bonds. The new Dinar have all the info needed to be used as bonds and it was planned this way before the new notes were printed. They will be used on the unregulated trading platforms in Shanghai as part of certain trading packages. 3-18-2024 Intel Guru MarkZ [via PDK] I think things are in a mad dash to the finish line… We have an impending visit from Sudani here in the Us... We have Sudani on Friday mentioning the rate of $1.32…which is very specific... Comment: The $1.32 rate is actually .76 cents US for each dinar…. Al Sudani promised the Iraqi people the dinar would be stronger than the dollar. . 76 cents is NOT stronger. MarkZ: They may be floating the rates of $1.32 and .76 cents to get people ready for a change. I still think it will be more in the $3 or $4 range…but I could be wrong. IMO $1.32 and .76 cents rates would still be fantastic.. 3-18-2024 Newshound Guru Pimpy Everyone is excited that Iraq has completed all the requirements to join the World Trade Organization but the bigger question is what's next for Iraq? ...There's this impression going on around the Iraqi dinar community that this is going to happen next week or next month. Is this true or could the process take longer? ...What's remaining for Iraq? Approval by the general council...which is composed of all WTO members. ...As of now they don't appear to be on the calendar to be voted in...We got between now and June to see if indeed Iraq is added to the calendar...unless for some reason the WTO holds a special session... 3-18-2024 Newshound Guru Militia Man Article: "Parliamentary Finance: The federal budget is in the corridors of the Council of Ministers, and there is no specific date for sending it" Quote: "On June 12, 2023, the Iraqi Parliament approved the tripartite budget law for the years 2023, 2024, and 2025. Last year’s total budget amounted to 197 billion dinars, which is the largest in the country’s history." Take note that they used 197 Billion Dinars. That is a little over $150 million USD at the current exchange rate of 1,310 IQD... Seriously? I do not think so, unless they have done something we have yet to see. 3-18-2024 Intel Guru Frank26 ...JP Morgan representatives at a Chase Banks, why are they there? And why do they have all of these cubicles that they're setting up? ...They don't even say it's not a scam, they simply say when it happens we're ready for you. The whole mantra/attitude is changing but it doesn't change all at once. It's a slow process. It travels from the east to the west...north to the south. That information is slowly being given to everybody that is going to be involved in this exchange process. 3-18-2024 Newshound/Intel Guru Mnt Goat So according to Shafaq News/ The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar. I quote from the article – “to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” Folks I don’t know about you but this article was WOW!
3-17-2024 Newshound Guru Pimpy I warned you guys about this...that if you get together in a group you can negotiate a different rate. No, no you can't. That's false.
3-17-2024 Intel Guru Frank26 Article: "An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel" THE ONLY SOLUTION IS A NEW EXCHANGE RATE WITH LOWER NOTES... AND THAT'S EXACTLY WHAT SUDANI & ALAQ ARE SAYING TO THE CITIZENS OF IRAQ! 3-17-2024 Newshound/Intel Guru Walkingstick Iraq is indeed ready but the USA still has multiple conditions for release in the region which are presently being satisfied. We are getting to the end of the game which could monetarily finish as Iraq is going public to force a potential release. It is any minute, any second time frame. 3-17-2024 Newshound Guru Samson Article: "Al-Sudani faces American pressure to resolve problems with the Kurds before visiting Washington" Quote: "Iraqi Prime Minister Muhammad Shia al-Sudani is expected to make his first official visit to the White House in April since taking power" 3-17-2024 Newshound Guru Pimpy Everybody thought Iraq was at the end of becoming a member with the World Trade Organization...Come to find out they're just barely at the beginning stages. What does this mean for Iraq? How long is this going to take? Wikipedia quote: "An offer of accession is given once consensus is reached among members. The process takes about five years on average but can take some countries almost a decade...The shortest accession negotiation was...2 years and 10 months. The longest were that of Russia lasting 19 years and 2 months." 3-17-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq was on TV Channel One talking...with the United States Treasury on reconsidering sanctions on our banks. FRANK: He's going over there to tell them about the new exchange rate... 3-17-2024 Newshound Guru Sandy Ingram Iraq has completed the necessary prerequisites to join the World Trade Organization WTO. This pivotal development reported by Gulf News marks new chapter in Iraq's economic journey...Joining the WTO is not a mere formality, it necessitates a commitment to aligning with WTO rules by enhancing private sector performance and overhauling trade policies.... Membership in the WTO is a significant milestone for any country. 3-17-2024 Newshound Guru Jeff They have suspended currency auctions from this point forward, through the remainder of March...giving them eligibility to revalue this weekend - having this weekend being the earliest point throughout this entire year to be able to revalue...Iraq was not even eligible to revalue before this weekend... 3-17-2024 Newshound Guru Pimpy If you go to 1.32, it actually comes out to $0.76. So if I take my 5 million dinars times $0.76 oh yeah! $3.8 million, we'll take it! But...if this is moving the decimal place over 3 positions coming out to 1.320 for every US dollar...they need to change their currency...That's the deletion of the zeros. Your 25,000 dinar becomes 25 dinar. So if I take my 5 million and remove the three zeros and multiply $0.76 - 5,000 dinars x $.76 = $3,800. Yeah, that's what it comes down to...When Al-Sudani was talking about he would love to have an exchange rate of 1.32...he was talking about the deletion of the zeros. I said that's what we need to avoid...You do not want the deletion of the zeros but it looks now like it's inevitable. 3-17-2024 Newshound/Intel Guru Mnt Goat I have to say that the CBI cannot turn back from all the progress already made. Also remember that the citizens of Iraq are reading all these articles too about increasing the value of the dinar and so it is way beyond the point of returning to the same old, same old...Remember two things if nothing else: 1. It’s not IF but WHEN this event is going to happen and; 2. It has to happen and soon. 3-17-2024 Intel Guru Frank26 We know Sudani came out, it's no longer a secret...We know the monetary reform is coming. We know they are suggesting 1.32. I suggested higher, but who knows. All of a sudden... parliament came out and said, 'Oh...we look forward to our currency to have value, put on to it...we're passing the laws.' That was interesting. Those that for decades have stopped the possibility of a new exchange rate to come out for the currency of Iraq are now finally saying, Uncle...! Even those that were against the Monetary Reform are now forced to tell the truth! 3-17-2024 Intel Guru RayRen98 ...WE HAVE A DATE... IT'S COMING SHORTLY. Get caught up on past updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only takes a sec...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now.
3-16-2024 Newshound Guru Pimpy People always think I'm being negative about the Iraqi dinar. I'm not. I'm trying to make sure people are grounded...I tell you guys this is what we need to look for, this is what we need to deal with and we don't want the deletion of the zeros. We do want the Iraqi dinar to continue to increase in value without deleting the zeros. That's how you're going to make your money.
3-16-2024 Intel Guru Frank26 It sure looks like it's happening in the next five minutes doesn't it? I need you to be realistic. This is the Middle East. Yes, what you're reading [Articles] is past tense. What they're doing is implementing it with the banks around the world. 3-16-2024 Newshound Guru Sandy Ingram Do not purchase any currency with Saddam's face on it unless you purchase it as a collector. Purchase currency that is now in circulation in Iraq. 3-16-2024 Newshound Guru Clare Article: "The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates 'illegal trade' " 3-16-2024 Newshound Guru Samson Article: "Central Bank Governor Announces Understanding with US Treasury to Review Sanctions on Banks" 3-16-2024 Intel Guru MarkZ It's been exceptionally quiet on the RV front overnight...Some have anticipation for this weekend...I hope they are right. 3-16-2024 Newshound Guru Pimpy I was hoping you guys caught this part of this paragraph... Article quote: "The Iraqi government is currently weighing the question of changing the currency." That should have told you everything you should have known right then and there...They're talking about deletion of the zeros. If they're deleting the zeros off of this (1.32) then they're also deleting the zeros off the currency...That's exactly doing critical thinking which is what you're going to need in order to get through this process. 3-16-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FRANK: You are within arms length of receiving your new exchange rate with your lower notes because it is in print. More importantly these words come from the right people that you can trust...Coming to you with the holy solemn oath promised that your prime minister bears witness that you will receive purchasing power and lower notes... FIREFLY: Yes...it is exciting. When we saw Alaq come on television and talk to us we knew we were going to be told more... 3-16-2024 Intel/Newshound Guru Babysmom THE ONLY DIFFERENCE BETWEEN CIRCULATED AND UNCIRCULATED CURRENCY REALLY ONLY APPEALS TO COLLECTORS. COLLECTORS WANT UNCIRCULATED CURRENCY BECAUSE IT'S IN PRISTINE CONDITION AND THEY CAN FRAME IT. FOR OUR PURPOSES WE ARE GOING TO BE EXCHANGING IT WITH THE BANK SO IT DOESN'T MATTER IF YOU PURCHASE CIRCULATED OR UNCIRCULATED AND OFTEN CIRCULATED IS LESS EXPENSIVE TO PURCHASE. 3-16-2024 Newshound/Intel Guru Walkingstick There were a few statements released by the GOI officials regarding their currency. The coming value at the onset of the release was revealed. That value was disclosed at/in negotiations... 3-16-2024 Newshound Guru Militia Man Iraq is going to go through that industrial revolution because they're going to rebuild the country. The evidence is quite clear. The fascinating part about it is we had Al-Sudani/his government say they were going to do the project to delete the zeros...They were going to have the Iraqi dinar be worth 1.32 dinars to the dollar. That equates to about $0.76. Those folks that talk about a LOP, how do they explain that? They can't because that's not what it is. 3-16-2024 Newshound Guru Pimpy It [the article] doesn't say the exchange rate is $1.32, more likely what it is Al-Sudani will change the exchange rate where you can buy 132 dinar for $1. That's a 90% increase. I don't know about you but I'd be pretty happy with that. I'd be content with that. I know a lot of you are expecting million, that doesn't mean it can't happen but if we're allowed to keep this currency that we have right now with all the zero and they change the exchange rate I'm going to count my blessing and sell them because I'm not going to take the risk of hoping for a higher exchange rate and then turn around and delete the zeros. $37,000 is not too bad for less than a $2,000 investment. 3-16-2024 Intel Guru Frank26 I made a mistake...$0.76 was correct. I apologized...It's 1.32 to $1 which comes out to the $0.76. 3-16-2024 Intel Guru MarkZ [via PDK] Comment: There is currently a bond crisis brewing. MarkZ: Yes there is…and years ago one of the key players in the RV told us to keep our eyes on the bond market and when it finally gasps its last breath…that is when we go... It is certainly troubled enough to gasp its last breath. 3-16-2024 Newshound/Intel Guru Mnt Goat ...the Chairman of the Finance Committee stressed, and I quote: “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” What they are basically telling the CBI is to follow up and move more aggressively on this issue of increasing the value of the dinar...I believe there is enormous pressure to get the dinar revalued and conduct the 3 zero note changeout (The Project to Delete the Zeros). |