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Live New York Time
Live Baghdad Time
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD
Dinar Market Rate:
(CBI last reported 12-13-2018)
1195.665 IQD to 1 USD
- Rates Are Within IMF 2% Rule: YES
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12-14-2018 Newshound Guru Bloodloch [Guru] Breitling is perfectly hinting at what I believe (opinion) to be the only way they can make this work while maintaining and even moderately enhancing purchasing power for the Iraqi citizens, making their money worth more as promised. Nice. Price-freezing may be needed for a bit, but that's okay until the dust settles. Now that's in-country, folks, which must be addressed before anything international is considered. [Reference Guru Breitling post 1-13-2018]
12-13-2018 Intel Guru Frank26 [This is getting down right silly. International everything but the rate. Lol] WE DO NOT CARE ABOUT THE RATE...WE CARE TO SEE THE CBI SAY THEY ARE ARTICLE 8...TO ADMIT IT!!! THE INTERNATIONAL STATUS WILL TAKE CARE OF THE RATE.
12-13-2018 Newshound/Intel Guru Mnt Goat ...the USA is going to have a real impact and is teaming up with Iraq. This by the way is also very good for our investment... Do you think the USA is going to invest billions if they can’t get their profits out of Iraq? And how about transferring funds in and out of Iraq for other purposes in the process? Yes, Iraq will need to have an international tradable currency. I luv it…!! I am excited. [post 3 of 3]
12-13-2018 Newshound/Intel Guru Mnt Goat ...it has been months now already in getting these last remaining 8 ministers in place, the minister of the interior now being the most critical. Why is this one particular minister so critical? ...This ministry will be the disbursing agent for the Iraqi govt for the funding for the projects funded by the donor countries for this 5 year reconstruction plan. ...the US has stepped up and agreed to assist in providing a sound mechanism for disbursing the projects funded by the donor countries acting much like the Interior minister but officially (of course) only in an advisory capacity... [post 2 of 3....stay tuned]
12-13-2018 Newshound/Intel Guru Mnt Goat ...we see a sudden shift in the news media from Iraq to reporting now mainly on the RECONSTRUCTION EFFORTS being of the main topics. Why? The reason why is because this is the main efforts now by the GOI. ...We definitely, more importantly, see a very sudden shift in the US strategy and willingness for participation in this reconstruction effort. ...We see much more support and willingness now to assist the Iraqi state. We also know too that the timing is now right. With the setback caused by the ISIS war and the election basically over, Iraq is now ready to go on like a runner at the starting gate, they are ready to take off. [post 1 of 3....stay tuned]
12-13-2018 Newshound Guru Breitling There has been countries that have taken zeros off their currency and then the currency gains value later on down the road. So let’s say they do do a LOP on the currency you and I have. That doesn’t take it out of play to revalue. Worse case scenario let’s say it did LOP it will still gain value so it’s never been a threat to me at all. If you look at the definition of these countries on how they lopped and what their economy was at and what they were trying to do was completely different than Iraq. Remember the Iraqi dinar is not at a real market rate. It’s completely manipulated. They can do anything they want with it but their intent from the CBI is to add value to it… [Post 2 of 2]
12-13-2018 Newshound Guru Breitling Questions: “A LOP. What the heck does that mean and why we don’t see it as being a real possibility? By definition a lop is taking the zeros off the notes and pretending they’re not there and using the same notes. It’s funny that someone says it’s going to be a lop and at the same time talks about other notes being printed…well if they’re going to lop and pretend there are three zeros missing then they don’t need to print more currency do they. So it doesn’t fit…here’s the thing… Post 1 of 2]
12-13-2018 Intel Guru Delta "US Chamber of Commerce in Iraq to discuss investment opportunities" Quotes: "This forum is being attended by more than 50 leading American companies and more than 100 business leaders..."; "We at the Iraqi Bank for Trade communicate between Iraq and the countries of the world through the network of correspondent banks, which facilitates the entry of these companies through the provision of guarantees or requirements for funding from these projects." VERY ...ENCOURAGING...WOW 50 AMERICAN COMPANIES... HUGE...IRAQI BANK READY TO GO...
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12-12-2018 Newshound Guru MilitiaMan Trade Exchange can be product to product or on Stock Exchange... We know they didn't start work yesterday, the process has been underway for years... Timing is looking so very good imo...Citi Bank is the facilitator and they are no small entity. Capable of moving large amounts of goods, products and services. ..imo...Also, working with the Arab Union of Banks is regional. They talk about them back then and again now... WE have learned the basket may be in the AMF / AAD... IF that is the way it rolls out... I like it... imo. [post 2 of 2]
12-12-2018 Newshound Guru MilitiaMan Articles from 2017: "Iraqi Banks Are Looking With The US Treasury To Open Relations With Foreign Banks" and "The largest US banks… Praise the performance of Iraqi banks" The 2017 article[s] showing who was in Iraq, when they were there and what they were promoting to do. Fast forward to yesterday with the same entities as the UST, IMF, WB and Arab Union of Banks in country...Top it off with Silliman [United States Ambassador to Iraq] in talks with Iraq to develop trade exchange and...have 50 major investment companies in country now. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru chattels The language of "lop" is undeniable in my view. Even if there is a "lop", such does not preclude a concurrent increase in the value of the IQD from what I am able to discern.
12-12-2018 Intel Guru RayRen98 A MEMBER REPORTED A BANK SCREEN RATE OF $2.49 IQD, BUT THE BANK COULDN'T PROCESS IT. FURTHER INVESTIGATION REVEALED THAT IT "SHOULD" BE LIVE, BUT SOME INTERNAL ISSUES NEEDED TO BE RESOLVED. TIME WILL TELL!
12-12-2018 Intel Guru Bruce ...you guys remember back years ago we talked about the US Department of Commerce and the meeting that was held in Washington DC where DR. Shabibi was in attendance and was asked by someone that we knew of in the community how much is the rate of the Iraqi Dinar going to be. Dr Shabibi said “We believe that Iraqi Dinar has the ability to sustain a rate of $16. ...I thought Wow, $16! Is it there now? No. Not yet, but it is at a very decent rate, and I am hearing it could make it to that number by around Saturday. [post 2 of 2]
12-12-2018 Intel Guru Bruce We know Iraq has completed what it is they needed to complete which did drag out...They put everything they needed to put in the Gazette last Saturday. There is a rate for the Iraqi dinar on the back screens being traded as of this past Sunday. ...what I have heard so far is pointing to us having a wonderful week this week. Now, this has been a tough thing to guess, or to call, or to say I know the day or the time. We don’t. We still don’t. We know approximately what their intentions are, what their plans are...the 6.5 million or so of us that are paying attention to this online, through calls, through blogs, etc. ...We will receive our blessing by all intents and purposes by the end of this week. [post 1 of 2....stay tuned]
12-12-2018 Newshound Guru Breitling Question: “How do you handle people when they send you a disagreeing email?” First of all the way people approach some of the stuff I say it’s like an attack. At the same time they want to debate…I don’t mind doing that. I don’t mind telling people what I believe. But I never go after what people “think”. So I never respond to what they “think”. The only thing I can do is tell people what I know and be able to connect the dots that way. I don’t want people to take this wrong at all but I’m not trying to convince anybody of anything…all I’m talking about is how I invest in this and why I believe it. And that’s it.
12-12-2018 Newshound/Intel Guru Mnt Goat Rumor... : The IQD is international since the CBI and other exchange sites have changing the representation of the IQD rate now with five decimal places. This change may very well be in preparation for the future reinstatement back to the global markets on the currency exchanges, since they operate with this level of accuracy. So this is a good sign but...It does not yet mean the IQD is already international.