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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:
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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12-8-2022 Newshound Guru Clare Article: "In numbers... a new government comment on the draft budget law 2023" Quote “the delay
came due to the delay in forming the current government and its approval of a new ministerial curriculum and development principles that take priorities, which requires longer time to prepare and present the 2023 budget.”
12-8-2022 Intel Guru Frank26 This is very important. The CBI said on Monday, 'We have started the process of lowing gradually the exchange rate of the Iraqi dinar against the American dollar.' You know what that is? Preparing to float. You know what that is also? ...it's a reinstatement process that allows them to reinstate their currency.
12-8-2022 Did you get your ERC grant money yet? The average grant is $110,000 to $270,000. No strings attached free money. This is for covid disruptions. 80% of small businesses with 5 to 500+ employees qualify - even if they’ve taken money in the past! Time is of the essence.
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12-8-2022 Intel Guru MarkZ [via PDK] [Did Iraq pass its budget today?] I heard they did not…it would have delayed their legislation recess. So it looks like it won’t be passed until January. But, that does not mean they won't Rv. In fact it may be a better time to do it while parliament is not there. 2 ministers today said they could call an emergency session if the CBI did not move forward with a rate change.
12-8-2022 Newshound Guru Walkingstick [via Frank26] The CBI is having hot meetings with everyone, every three-letter agency you can think of along with every country...I have never seen meetings like these before. They're extremely hot. Extremely volatile...normally these meeting just go on to the next, to the next, to the next but every meeting is accomplishing something...
12-8-2022 Newshound Guru Sandy Ingram [Follow up to her 12-7-2022 exchange in Iraq post] Let me clarify...the need to travel for the revalue would only come if Iraq prints new money or goes digital with restrictions on the exchange. If Iraq prints new money they could do what Kuwait did and restrict where you can exchange the old currency, which we are holding, for the new currency.
12-8-2022 Intel Guru Frank26 Iraq will not be able to retrieve this important source of money [stolen and recovered funds] from the Paris Club Agreement for liquidity until they go public with at least a 1 to 1 rate...
12-8-2022 Intel Guru MarkZ [via PDK] [Member: latest update from a banker is he has no specific date he is confident we will be exchanging before Christmas.] That is what we are all hearing…we are being told that everything is great …things are moving and we should be exchanging well within the month of December.
12-8-2022 Newshound Guru Pimpy Article: "The dollar is approaching 151,000 dinars on the Baghdad Stock Exchange" It [the dinar rate] is going in the wrong direction. We need it to go in the other direction. Something is causing the Iraqi dinar to lose its value against the U.S. dollar...This obviously is a concern of the government. It is a concern of the banking industry.
12-8-2022 Newshound Guru Clare Article: "Iraq.. The dollar continues to exceed the threshold of 1,500 dinars" Quote: "The selling price of the dollar was 150,200 dinars per 100 dollars, while the buying price of the dollar was 150,100 dinars per 100 dollars."
12-8-2022 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: All they talk about is approving the budget and talking about a law. This law they're saying is of integrity and is of our sovereignty...they're talking about how all calculations on the budget have been changed and is ready. FRANK: Your report...screams a rate change very loudly with a strong echo ...if the budget has been calculated and ready to go it is because they have used the new exchange rate...
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12-7-2022 Intel Guru MarkZ [via PDK] Why is this important? Because it is a pegged currency. And now suddenly it has changed. And on the same day they don’t allow the trading…I don’t think you will see an official announcement though until parliament recesses for the holiday season. I want to remind you that the CBI does not need parliament in session to change the value. This is one of the signs that we are unpegging and moving forward to see a substantial value change that we have been anticipating. I think we got that “tell” right on time today. I believe it has hit us. I can tell you that you would have a difficult time finding an Iraqi willing to give up their dinar right now...We appear to be close to the finish line… [post 2 of 2]
12-7-2022 Intel Guru MarkZ [via PDK] [ I see IQD is up 1458.0000. Is that good?] That means it slipped a little to the USD but the good news is it appears to have depegged from the USD which means now it can move. And it should start to move quickly in the other direction. Things are getting very interesting right now. ...The vast majority of all trade is done with cash. Not with debit and credit cards…. Today they suspended all trading back and forth between the US dollar and the IQD pairing…this is to prevent more sales…so we see a slight blip or decrease in the exchange rate today... [post 1 of 2....stay tuned]
12-7-2022 Did you get your ERC grant money yet? The average grant is $110,000 to $270,000. No strings attached free money. This is for covid disruptions. 80% of small businesses with 5 to 500+ employees qualify - even if they’ve taken money in the past! Time is of the essence.
Click here to learn more >>
12-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani told us the U.S. Treasury says that our currency is off the high risk bank list and then he went on about how good the Iraq's banking sector has done with International instructions and guidelines and laws and rules. We've never seen this CBI and the US treasury talk like this... FRANK: The United States Treasury did everything they could to help the CBI have a new exchange rate...The U.S Treasury is making sure the CBI is linked up internationally with every bank in the world and not for a program rate...
12-7-2022 Newshound Guru Clare Article "Al-Maliki makes the approval of the oil and gas law conditional on this matter" THAT IS NOT NURI AL-MALIKI ..... IT IS A DIFFERENT GUY SAME LAST NAME
12-7-2022 Intel Guru MarkZ [via PDK] Not a nothing burger today…but not nearly the news I was hoping for overnight last night. “Budget Law absent from Iraqi Parliament for 30 days” This is playing out as we speak today. I am being told from some contacts on the ground that they are hoping to extend the parliamentary session through the 9th or 11th of December to get the budget squared away first. …but it is supposed to end tomorrow as parliament goes away for a 30 day recess. This is normal for the holidays.
12-7-2022 Newshound Guru Kaperoni ...This [auction] action by the CBI will not only help the citizens but it will help them with the IMF to meet compliance. Further liberalization also helps encourage investment in Iraq . The real reason why they're doing it though is to try to get the exchange rate back in line with the 2% spread limits the IMF has imposed. The current exchange rate in the market is around 1490 which is on the cusp of exceeding that limit making them out of compliance.
12-7-2022 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
The Prime Minister came out and says we're going to have foreign currency in our market. FRANK: Yes, because you're going international.
12-7-2022 Newshound Guru Sandy Ingram So what would they [Iraq] need to do in order to...increase the value of their currency? One thing they could do would be to create a new currency like Kuwait did and provide a window of time when people could exchange the old Iraqi dinars for the new currency or they could go digital. But where does either of these options leave us as investors? ...Get a valid passport...there are ways you and I will be able to fly into the Middle East..we need to prepare for this option now...
12-7-2022 Intel Guru MarkZ [via PDK] Pressure continues in Iraq as we see more and more local politicians join ranks. We now have well over 100 parliament members and leaders that are pushing for the CBI to make the decision and make it now…before the holidays. The push because of inflation and the market crunch in Iraq is to do it before the holiday season which is beginning within days over there. Yes it is in the hands of the CBI…parliament is really pushing them to release it before the holidays…and are willing to replace the leader or minister of the CBI in order to do it if that is what it takes…. It is a open conversation over there. I spoke with some contacts on the ground …and they are hearing this as well.
12-7-2022 Newshound Guru Pimpy I'm not saying it's not going to change come this budget, mostly likely it won't because the Central Bank said this is the rate it's going to be for the next 5 years. We are now 2 1/2 years into that 5 years. We'll wee what happens when this budget comes out...
12-7-2022 Intel Guru Frank26 The Paris Club agreement...paid off 80% of Iraq's debt to the world, then Iraq agreed to re-institute at a 1 to 1 rate at least...they're simply waiting, the Paris Club, for this announcement. The CBI says they want the rest of the money the Paris Club is holding. Iraq IMO tried to pull a fast one but the Paris Club said, nope! No recovered fund returned to you until you change your exchange rate in order to cover the rest of your debts.
12-7-2022 Newshound/Intel Guru Mnt Goat One could almost say the news is once again just all about the currency. The pressure builds for the CBI to act now. Over 100 of the parliamentary members claim they will not even attend parliament sessions to vote on the new budget unless this issue is addressed in the budget. ...These are exciting times and personally I can’t see the CBI holding back this reinstatement much longer….
12-7-2022 Intel Guru MarkZ [via PDK] [Are we anticipating the dinar rate change this week?] We are anticipating an announcement thereof and possibly a lower sucker rate. This is before the actual RV The sucker rate is to get many to give up, cash in at the lower rates and then go away.