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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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5-19-2022 Intel Guru MarkZ [via PDK] Article: “IMF Staff Concludes Staff Visit to Iraq” This is breaking news. It was in a number of news papers and publications. The short version is Iraq is doing exceptional things …Their economy is strong because of oil prices, but they still need to provide food, medicine and security for the poor. I think it’s a push to say Hey-you guys got everything right so now you can take care of that last piece.(RV) ...hopefully this IMF visit was one of the last steps before this release.
5-19-2022 Newshound Guru Godlover ...We await a new government seating or the current government officially announced & then we can see what happens with the 2022 budget. Currently they are on the 1/12 system from the previous years budget & if the FSL [Food Security law ] is passed, it too will be based off of the previous budget & the surplus from high fuel prices, etc. God willing the new government & 2022 budget will happen soon & I pray that we see what we all seek within the 2022 budget.
5-19-2022 Newshound Guru Sandy Ingram Article: "Iraq faces vital services crisis without budget as politically rivals bicker" We have seen major accomplishments in the past couple months however the country appears to be at the end of the road...Iran-backed supporters are not comfortable with the election results...our interest is in Iraq's finance, the Iraqi dinar exchange rate and the progress the country is making towards financial resolution for the currency yet we cannot ignore the fact that much of the finances, if not all of it, is controlled by who is in office...
5-19-2022 Intel Guru MarkZ [via PDK] Many articles out today about the first draft of the Food Security law was voted on and passed…the second has still not happened but being discussed. An interesting view from Nader in the middle east [reference Nader's post 5-19-22] – he does not believe in any way that the rate is in the Food Security bill… I...have one contact in the middle east who told me that no...the rate is not in the Food Security bill...I am waiting to hear back from a couple other sources on this topic to see if I can get something solid. We need to stay grounded on what is realistic and what is just hopium.
5-19-2022 Guru Nader From The Mid East They read the first and the second text before tonight to finish the third text [of the Food Security Law]. That's good news. But...I don't know why they keep saying they got something to do with the exchange rate. This has nothing to do with the exchange rate. We don't even know if it [the new rate] is in the budget. That is the truth. I don't even know what's in the budget. No body knows. They keep saying It's in the budget, yeah, I'm sure something is in the budget but we don't know what it is.
5-19-2022 Newshound Guru Adam Montana ...The fundamentals that first got me into the Dinar are still there, and in fact, they are stronger than they were when I first got in. I'm sticking this one out. GO RRRRVVVVV!!!
Get caught up on last night's 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.
5-18-2022 Intel Guru Bruce [via WiserNow] I think any day this week...is going to be an important day for us – one way or another and it may be that this thing happens before Friday for us...it’s hard to get confirmation...there is a new higher level of a gag order...and they have tightened up their NDA’s for employees of the banks as well... I feel like we are moving in the direction... Let’s see what happens in the next few days...
5-18-2022 Intel Guru MarkZ [via PDK] [I heard the rate is $6 or greater...] it could be…a lot of people talk about the amount of currency in circulation…they have removed $40-$50 Trillion dinar from circulation over the last 9 months. [Why did they remove so much dinar from circulation?] Mostly it was cleaning up corruption...They have now thinned the number of dinar in circulation so they can justify a higher rate.
5-18-2022 Newshound Guru Kaperoini [some] say published news about deleting 3 zeros in Iraq is some magical riches event, it's not! It's a new currency change and neutral event LOP. We have to hope the Iraqi government continues two table such an idea and build a private sector economy allowing the currency to appreciate over time. A much better solution. [Post 2 of 2]
5-18-2022 Newshound Guru Kaperoni More than likely Iraq will do what they have been proposing and educating the citizens on which is a neutral event LOP. The other alternative is slow growth or appreciation as the economy grows...A gradual appreciation over time would also allow the central bank to manage the currency in circulation and reduce it as it appreciates in value... [Post 1 of 2....stay tuned]
5-18-2022 Newshound Guru Militiaman The sharing of the wealth with the citizens is a minimum.. imo...The pressure now has to be very heavy on those that are not supporting Sadr. Those that may be close to losing immunity, have to read the UN report to mean exactly what the world expects. Justice. Get the systems live now and allow the system to work for the citizens, the region and the world at large...Lets see if the powers at be have jumped started the process with the use of the call for urgency... [Post 2 of 2]
5-18-2022 Newshound Guru Militiaman Article: "Blackshardt to the Security Council: Popular discontent in Iraq may get out of control at any moment" A scathing report from the UN...the business side of things to go international are ready and in place...the urgency to get the state in order and to press for political will to overcome differences is the focus now...The country is well outside their constitutional boundaries politically now, imo.. The UN knows it, we know it, the citizens know it and are even in the streets wanting exactly what the UN stated tonight. [Post 1 of 2....stay tuned]
5-18-2022 Intel Guru MarkZ [via PDK] We are supposed to have a second reading of the Food Security Law at some point today. I do not have any results yet or whether they have scheduled a third reading yet. I am still being told by my contacts inside Iraq that this is one of the key pieces we need to get a new rate...hopefully we will get that news at any moment.
5-18-2022 Newshound Guru Godlover The idea for this FSL was intended to be used until the budget law is passed. This would indicate that they expect a slow process to seating a new or old government & then working to send & pass the 2022 budget. Also keep in mind that the FSL law is funded off surplus, etc from the previous years budget. The same budget they are using the month to month. [Post 2 of 2]
5-18-2022 Newshound Guru Godlover Community Comment "...article statements give the support to the NEW Food bill being presented, and we all know the Budget Law 2022 will be required at some point..." The food security law & the 2022 budget are two separate animals imo. Many articles have made it clear that the food security law is an "emergency" law. Something I personally don't think is a positive indication as far as the 2022 budget being passed anytime soon. [Post 1 of 2]
5-18-2022 Newshound Guru Pimpy This is great news of course. Article: "Iraq's Oil, Gas Production to Increase By $17 Billion In Coming Years" That's more money to Iraq, more money to the government to build more of the private sector to get them less reliant on oil to fund their budgets, give them a secured economy, strengthening up the dinar. First they got to straighten up the government...
5-18-2022 Newshound/Intel Guru Mnt Goat So, Iraq currently has two main ongoing critical sagas now taking place... The first is the elections and forming the new government...I want everyone to remember that months ago the CBI told us that the initiative to complete the currency changeover and thus later the reinstatement, was approved and just waiting for the president to be announced and then the rest of the political process to form the government to follow. The second is getting the 2022 budget.
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.
5-17-2022 Newshound Guru Militiaman As for when it will happen is always a question in many peoples minds...The whole process is unique...We can see that by the likes of the WB, the IMF, the AMF, the G7, G20+, WTO, AYSCUDA, BUNA, CRS2, ISO20022 digital platforms and or systems, etc.. Interlinking all those entities while trying to sort a convoluted process of seating the government to have credibility is directly in the forefront today. They'll all need that to have the confidence needed for investors to have security and stability.
5-17-2022 Intel Guru MarkZ [via PDK] ...the first reading of the Food Security law has happened. They will read a bill 3 times and it is already receiving overwhelming support. The second reading is tomorrow. I do not know how quickly we will get a third reading. When the last reading is done and passed…contacts in Iraq tell me that is when we will get the new rate…This is what I am told from people that work inside Iraq and involved with the Finance Ministry. This is fantastic news...
5-17-2022 Intel Guru Sheila [via MarkZ] ...standing by for notifications and is hearing this is our week...
5-17-2022 Newshound Guru Kaperoni ...There is no exchange in Reno. The only exchanges that have talked about in Reno were scams and people lost their funds.
5-17-2022 Newshound Guru Clare Article: "The Iraqi parliament sets tomorrow, Wednesday, the first reading of the Food Security Law"
5-17-2022 Intel Guru MarkZ [via PDK] [what is the first reading of the food security law which is scheduled for tomorrow. Is that a Vote?] It could be a vote…we don’t know at this time. They are expected to read it and possibly approve it if there are no changes made. We are also hearing they are to present several candidates to set their government tomorrow. So we expect tomorrow to be a big day in Iraqi politics.
5-17-2022 Newshound Guru Pimpy Let's review again the criteria necessary to change the exchange rate. You have to have a stable government. Do we have one? No. The other one is you have to have a safe and stable country. Does Iraq have a safe and stable country? Well they're launching missiles - I'm gonna go out on a limb and say no they don't. Will all the fighting with political members and people launching missiles at one another it makes it really hard to change the exchange rate. You have to have a country outside investors feel comfortable and safe about investing into.
5-17-2022 Newshound/Intel Guru Mnt Goat ...in 2011 the plan was laid out in an article by the CBI. So far they have stuck to this plan. We have seen all the necessary banking reforms, the completion of payment of war debt to Kuwait and all the necessary ties into the international investment arena so that the dinar could be used internationally. Why would they bother to do all this if they were not going to reinstate the dinar and trade the dinar internationally? ...This reinstatement is coming as there is just too many past events that paved the way to it already to doubt...This is the perfect time for the reinstatement of the dinar.
5-17-2022 Newshound Guru Sandy Ingram Community comment "Oil has nothing to do with Iraq's revalue, float or whatever they're going to do." ...This could not be further from the truth...a county's finances has everything to do with the foreign exchange rate thus we talk about Iraq's huge oil revenue and how they are adding to their streams of income. It looks like Iraq's income is about to become even larger...
5-17-2022 Intel Guru MarkZ [via PDK] [Will there be state taxes on the RV?] I don’t believe there will be any State taxes on the RV…i may be wrong…so best to be prepared just in case. [NOTE: Always check with your tax professional at the appropriate time to determine your taxes for your unique circumstances.]