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New York Time
New to the Iraqi Dinar? Start Here: Biggest Dinar Myths & Secrets Exposed
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1460 IQD to 1 USD
Dinar Market Rate:
1475.14 IQD to 1 USD
Started June 16, 2021
- 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 present)
Dinar Guru "RV" Meters
( Updated: )
Dinar Gurus who feel Dinar will RV within days...
Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished...
Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
Dinar Gurus' Official Master List of Possible Major " To Do's ":
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9-30-2022 Newshound Guru Pimpy Until this issue with the political parties is resolved...The president and the prime minister are selected and the government is formed you're not going to see any changes to the Iraqi dinar. And no this isn't fake news. This is news coming out of Iraq.
9-30-2022 Intel Guru Bruce [via WiserNow] We've got 2 major sources, one was military and one was treasury. Today, they were telling us almost the same thing...to look for our notations and start our exchanges in the next three days. Meaning Friday, Saturday or Sunday. Was it supposed to happen by the end of the month? ...yes. Are we supposed to start by tomorrow or the first of October which is Saturday? Yes.
9-30-2022 Intel Guru Frank26 Why are they printing another 3-zero note? When you look at it from the outside in, yeah it is rather confusing...the 20K's #1 priority is to suck in as many 3-zero notes as possible...a 20K note makes more sense than a 25K note especially when deleting the zeros ...IMO the CBI is prepared to educate the citizens on monetary reform. IMO these 20Ks were printed long time ago...
9-30-2022 Intel Guru Michael Cottrell I think right now it could happen at any time for any reason…we are at the right stage…the right time…and the right players are stepping up to the plate.
9-30-2022 Newshound Guru Samson Article: "The Central Bank announces the achievement of the largest cash reserve in its history" Quote: "The Central Bank's reserves exceeded 87 billion dollars, which is the largest number that the Central Bank of Iraq's reserves reach...the Iraqi currency is very strong because the reserves constitute 130 percent of the source of circulation from the funds in banks and others."
9-30-2022 Intel Guru MarkZ [via PDK] [We are in much better shape than we know.] I agree with you...we are just waiting for that shoe to drop.
9-30-2022 Newshound Guru Militiaman Article: "Economist: Going to print a currency of 20 thousand dinars will cost Iraq a lot of money" There has already been allocations of large sums of money to print new currency issuance and it has been recorded and expensed by the CBI in 2018 era. At this juncture in time, there is no reason to print something that has no real effective utility, imo... They already have 100k and 50k notes for internal use for large transactions.
9-30-2022 Newshound Guru Kaperoni There are several news articles regarding the central bank reserves reaching 87 billion, and discussion on the new 20,000 dinar note.
9-30-2022 Newshound Guru NORV [aka Guru Kaperoni] The good news is they are not going to implement delete zeros..."there was a proposal to delete the zeros from the dinar, but it was not implemented." The dinar is getting stronger and the very reason they will NOT delete zeros. The dinar value will naturally rise as the economy grows.
9-30-2022 Newshound/Intel Guru Mnt Goat Article: "IRAQ: CENTRAL BANK RESERVES EXCEED THE CEILING OF 87 BILLION DOLLARS" Yes, 87 billion reserves already and it just the end of September. They will reach way over 90 billion as projected by the end of the year and will probably reach over 100 billion even. Yet the CBI says they have no intention of completing the project to delete the zeros or raise the rate of the dinar against the dollar. Why? If this is not corruption I don’t know what is. We know for a FACT the economy of Iraq supported way over $3 dinar back in 1990. The situation of Iraq now is way much better with higher reserves and much more gold reserves. In fact they can almost back their currency totally with gold now.
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9-29-2022 Intel Guru MarkZ [via PDK] I spoke with Mr. C (Guru Michael Cottrell)...he is very upbeat…he is hearing a lot of very positive things – just like I am.
9-29-2022 Newshound Guru Samson Article: "Karbala Refinery.. Unprecedented Iraqi oil production reduces 70% of gasoline imports" Quote: "the Karbala refinery, which opened yesterday, will reduce Iraq's import of gasoline by 70%, while they indicated that the completion of the development of the country's refineries will lead to a surplus to be exported abroad."
9-29-2022 Newshound Guru Kaperoni Yes, Iraq will float the dinar but it won't float until they diversify away from oil and create a private sector market economy and begin to prosper.
9-29-2022 Newshound Guru Pimpy We're absolutely positively not going to see any exchange rate change happen in the near future. Somebody posted... that the news was fake and that's not really what's going on over there in Iraq...they're just lying to us. This isn't fake news. There's civil unrest over there in Iraq. You have Turkey bombing a region in Kurdistan. You have Iran bombing a region in Kurdistan. You have protesters rising up in both Iraq and Iran...
9-29-2022 Intel Guru MarkZ [via PDK] The removal of the large 3 zero bills from the market...Say that you have a 25,000 note. Example… say the rate is $1.00 (for illustration purposes) and one dinar equals one US dollar. Suddenly that $25K note is worth $25,000 thousand US dollars. Now it’s too big for day to day commerce...So they will give you a period of time when these bills are accepted…you turn them in and get the new lower denomination notes that will be usable in day to day commerce...it does not mean they chop off the zeros and that note is now only worth $25 dollars. That is not how it works… [post 2 of 2]
9-29-2022 Intel Guru MarkZ [via PDK] I know some of you are concerned when they talk about removing the zeros… when they talk about removing zeros they have to RV first. And that is very exciting. ...Then a large bill is not useful. Dr. Shabibi (former governor of the CBI)...is the person that designed the plan. The plan has not changed. There is a revaluation. [post 1 of 2....say tuned]
9-29-2022 Intel Guru Frank26 IMO there is no reason to do a rate change. They already did it on the second set of books...that the international world...the IMF...the World Bank...the U.S. Treasury knows about. Every central bank in the world probably know about by now. But there is a great need to change the currencies of the CBI just before they introduce a new rate for the IQD...and a new currency to match mathematically the new exchange rate of the IQD. [Post 2 of 2]
9-29-2022 Intel Guru Frank26 Question: "Did you see the governor of the CBI said there is no need to change the exchange rate against the dollar?" He's right. "What? I thought you said they were going to be changing the exchange rate based on everything you're seeing and everything that they're saying...?" The major problem comes in translation...the other problem is the media is lousy and as fake as it can get...it's very rare to get someone to tell you the truth. [Post 1 of 2....stay tuned]
9-29-2022 Newshound Guru MilitiaMan We are waiting on a calm atmosphere. Today's vote of confidence for Halbousi may have been just the calm we needed...The CBI too, can calm markets. That is a part of their job. To delete the three zeros from the exchange rate is directly related to the economy and market prices within the country. The result of deleting the zeros will calm the people and the markets, thus, the investors too...
9-29-2022 Newshound Guru Samson Article: "The Sovereignty Alliance congratulates the renewal of confidence in Muhammad Al-Halbousi as Speaker of Parliament" Quote: "The renewal of confidence in Mr. Al-Halbousi represents a true expression of the state of national consensus to move forward in building and developing Iraq, enhancing its stability, ensuring its security, and moving towards establishing the foundations of reconciliation, understanding and peaceful coexistence among its components."
9-29-2022 Newshound/Intel Guru Mnt Goat What does Al-Kazemi support as prime minister? Remember that the White Paper is his baby. He helped put that document together and plans to fully implement it. Within it is our reinstatement back to FOREX. Kazemi is only in a “temporary” status as prime minister...If Kazemi is voted in as prime minister this time it would be a permanent 4-year assignment and Kazemi intends to “clean house” from this corruption. He used to be head of security for Iraq, so he knows of all the bad guys and what they have been doing to Iraq...