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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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9-19-2024 Newshound/Intel Guru Fnu Lnu Let me calm everyone's fears about having to go to Jordan, Egypt, or Turkey to do your exchange. That is the most absurd thing I have ever heard. It is nothing but fear porn...Aki Aki [Fnu Lnu's Iraqi Banking Business Associate and US Private Bank Manager] told me in person, in Delaware, that he was going to open banks in the USA for his uncle and this was in 2009. He did exactly as he said. He will be exchanging Dinar as fast as he can go when the time comes...This rumor is as baseless as the myth that Exchange Centers will give you a higher rate...
9-19-2024 Newshound/Intel Guru BGG Article: "The government forms a higher committee to adapt Iraqi banks to international financial requirements" 9-19-2024 Newshound Guru Clare Article: "Central Bank Governor: We have put in place methods to secure the provision of dollars and are subject to strict supervision" Quote: "Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate" 9-19-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: On November the 20th to the 21st we have a curfew for the very first census in the last 27 years. FRANK: ...It looks like Sudani ordered for this new census to occur for your HCL benefits as Iraqi citizens. It seems to me the only reason he's doing it now is because you have a new exchange rate that they can work with. If not...there wouldn't be a new census...as they determine the fair amount everyone is supposed to get. This new census IMO screens that there is a new exchange rate... 9-19-2024 Newshound/Intel Guru Mnt Goat ...they are now telling us they can see light at the end of the proverbial tunnel. No, they do not directly tell us this but you can read into the articles and understand the tone... 9-19-2024 Intel Guru MarkZ [via PDK] I have a number of group leaders and bankers who swear we are getting it in the next 4-5 days. I sure hope they are right. Read last night's Dinar Guru updates below...
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9-18-2024 Newshound Guru Clare Article: ”Imposing a curfew in all Iraqi governorates on November 20 and 21" Quote: "The Iraqi government decided...to impose a curfew on November 20 and 21 in all regions and cities of the country to conduct the population census."
9-18-2024 Newshound/Intel Guru Fnu Lnu I have heard these Uncle FUD folks (Fear Uncertainty Doubt) attempting to generate negativity with the perfunctory hand-wringing stating that with the price of oil now in the $70's, the Dinar is likely to be devalued. REALLY??? They have a new 11% revenue stream they never had before due to non-oil income. They have multi-national corporations in the wings chomping at the bit to get started with projects ranging from the "Development Road" to oceans of new housing, infrastructure projects, tariffs, import fees, new port facilities, not to mention all the mineral wealth waiting to be exploited. They have record foreign reserves and 150 tons of gold plus they have sold bonds of late. They will also be repatriating all the DFI funds from the New York Central Bank if they haven't already done so...The Chicken Little routine is wearing thin...Trust me, there will be NO dinar devaluation now or in the future. 9-18-2024 Newshound Guru Samson "Our Country's Dream... Al-Sudani Sends an Important Message to Gulf States Regarding the Path to Development" Quote "Prime Minister Mohammed Shia al-Sudani stressed that the drop in oil prices to less than $72 confirms the need to diversify..." 9-18-2024 Newshound/Intel Guru Mnt Goat Is the electronic payment necessary in Iraq for the RV? NO, it is not but it will help to prevent the money laundering... 9-18-2024 Intel Guru Wolverine [via Judy Byington] Things are defiantly happening behind the scenes. We are going to be celebrating this week. There are things that I can’t say, but I wanted you to know that things are defiantly moving... 9-18-2024 Newshound Guru Pimpy PROFESSOR Continued: Reduce their dependency on the dollar. PIMPY: At the beginning of this year they were not supposed to use the US dollar anymore. PROFESSOR: ...Focus on diversifying its economy beyond oil dependency... PIMPY: Right now...only 89% of [the budget] is dependent on oil sales. A lot better than where it was. PROFESSOR: Improve trade balance...Enhancing exports...Reducing unnecessary imports ...thereby supporting a stronger dinar. PIMPY: They have things to trade but not a whole lot of options. PROFESSOR: Maintain internal stability...Monitor inflation rates... PIMPY: Right now Iraq is somewhere around 5%...He's saying if they want to reinstate the $3.22 rate these things have to be taken care of. I do find it interesting we've been listening to them talk about deleting the zeros and he's put that in here...A lot of this stuff Iraq has already started...Kudos to Al-Sudani. [Post 2 of 2] 9-18-2024 Newshound Guru Pimpy Question: "What does Iraq need to do right now to reinstate their old rate of $3.22?" Professor Boskin [of economics] graciously shared the following information which I am pleased to relay to you...It should be able to give you an idea of how far away this thing might be...The first thing he's talking about is implementing monetary reforms. PIMPY: We've been hearing about that for years so we know they definitely are implementing monetary reforms. PROFESSOR: ...The Central Bank of Iraq may consider removing zeros... PIMPY: Obviously if they're going to remove the zeros off the currency, they're going to re-denominate and print new bank notes. PROFESSOR: Establish a currency basket system...the value of the dinar would be determined against a weighted average of several currencies... [Post 1 of 2....stay tuned] 9-18-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh on television saying we will have more digital banks in Iraq than the entire surrounding region of the Middle East. They're saying the new banking reform will eliminate the black market. FRANK: BOOM! There it is. There it is. There it is. 9-18-2024 Newshound Guru Militia Man The digital transformation is here and it's only going to grow and grow and grow in totality...When they're going from a cash economy to a digitized cashless economy, is going to have what? Article VIII compliant currency on an international global Forex market. That's what we should expect at any time... 9-18-2024 Intel Guru MarkZ [via PDK] Question: …about a month ago you talked about how your contacts said your Dinar estimate was “way too low.” You were at like $3.70…so are we talking about $5? $7? $10? MarkZ: All they are telling me is my estimates are way too low. 9-18-2024 Newshound Guru tishwash Article "Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president" Quote: "We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces' mission in Iraq soon...indicating that the end of the international coalition's mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties...We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq's efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States." 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 and only takes a sec to join...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.
9-17-2024 Newshound Guru Militia Man I believe the Iraqi dinar is going to change value...and the citizens believe that too. I believe Sudani has literally spoken those words...the dinar, it's going to be stronger than the dollar. He said those things on a couple of occasions.
9-17-2024 Intel Guru MarkZ [via PDK] Question: Do you believe the new lower denominations have already been printed in Iraq? MarkZ: Yes I do…We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them…Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks. 9-17-2024 Newshound/Intel Guru Fnu Lnu I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses. But why?... 9-17-2024 Newshound Guru Clare Article: "Parliamentary Finance to Employees: Your Salaries Are Secured for This Year and Next Year Even if Oil Drops" 9-17-2024 Intel Guru Wolverine [via Judy Byington] I was told this morning that the new rates presently put on the Bank Screen are not actual new bank rates. They are used for investments... 9-17-2024 Newshound/Intel Guru Mnt Goat Article: "AFTER THE DECLINE IN OIL, A GOVERNMENT ADVISOR: WE HAVE THE CAPABILITIES TO CONFRONT THE PROBLEMS OF THE GLOBAL ECONOMY" I consider this one of those WOW! articles. Quote: “the highest reserves in the country’s monetary and financial history” also “the growth indicators in the non-oil GDP have touched 6%” WOW! 9-17-2024 Newshound Guru Pimpy I just read an article not that long ago that said oil sales are now 89% of their budget which is good. Remember it was 96% of their budget...Iraq is going in the right direction but they still rely on oil sales way too much...If Iraq starts stumbling and the prices drop low for oil per barrel then they start operating in the deficit...If it keeps dropping and gets too low then they're going to have no choice but to...devalue the Iraq dinar...No body said they're doing it. I'm just saying we really got to pay attention to the price of oil per barrel because if it gets too low they don't need to tell us what's going to happen, you should already be aware that's what they're going to do... 9-17-2024 Intel Guru MarkZ [via PDK] I ...heard they [rates on bank screens] are changing and fluctuating. I am hoping this means they are priming the system again. My banking contacts say they are seeing many different rates…rates are rolling all over the place…Hopefully they are checking the system and priming the system…. 9-17-2024 Newshound Guru Samson Article: "Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand to 30 thousand" 9-17-2024 Newshound Guru Militia Man Electronic payments...you can get this feeling it's showtime because they're really doing the development of the reality of financial inclusion. They're spreading that financial culture around the country...It's coming, the growth stage. 9-17-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq is on TV and he's singing like a bird with information. He's talking to us an awful lot every day about what they're going to do with this reform. He gives speech about how much money is in the digital system already. It's growing. He said at the end of this year we will implement the initial plan to complete the reforms for the banking system... FRANK: The digital information is one of the main key parts of the monetary reform. It will allow your money to float freely not only inside of your country but outside...You are going to be internationally recognized. This is extremely exciting. 9-17-2024 Intel Guru MarkZ [via PDK] “A parliamentary delegation to visit the Kurdistan region next week on the salaries of employees” This article came out before the weekend….so it’s this week…..This is one of the hiccups that is keeping HCL from passing. So they are in the Kurdish region supposedly working on this…what is supposedly one of the last hiccups with passing publically the HCL… Maybe?.....Finally? If we get the HCL we should get a new value on the dinar. 9-17-2024 Newshound/Intel Guru Mnt Goat “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth is very good... words like “unprecedented” and “maximizes”...tells me our choo choo train is moving down the tracks at an accelerated pace now. |