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Live Baghdad Time
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD
Dinar Market Rate:
(CBI last reported 7-17-2019)
1194.591 IQD to 1 USD
- Rates Are Within IMF 2% Rule: YES
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7-17-2019 Newshound/Intel Guru Randy Koonce THE RATE IS THE ONLY THING THAT YOU ARE WAITING FOR. Remember: This is a POLITICAL football, so it is possible there could always be another unforeseen ‘time out’. It is not that our information was bad; but it might change. Again. DO NOT give your dinar to anyone else to exchange for you. We are really, seriously, truly, honestly, absolutely, positively, probably VERY CLOSE. RELAX the RV really is coming . ...Keep Breathing...check the [CBI] every day to see if it has changed... [post 3 of 3]
7-17-2019 Newshound/Intel Guru Randy Koonce I want you to know there is nothing left for Iraq to do to prepare for a rate change. They have been ready since December of Last Year. As in 2018. January started the political football game. There were many political players, from our own Government to several others as well...And ALL of them have affected the political environment. Look for the Dinar to come out between $1 -$2. It should go up a little more later on. Please do not get suckered into waiting or watching for any 800 numbers. You will be able to exchange at any big bank or financial exchange center that normally deals in foreign currency exchanges. [post 2 of 3....stay tuned]
7-17-2019 Newshound/Intel Guru Randy Koonce ...there is a very good window that has opened up once again, and will last through the end of the month. As I have mentioned before, many of the things that have happened on our way to the revaluation of the Iraqi Dinar has turned this anticipated event into a very big Political Game. I call it “Global Political Football”. And there have been no rules to this long and unending game! That being said, there is reason to believe that we are very - VERY - close to the final buzzer now. And, it is a very BIG WINDOW between now (as in ‘right now’;) through the end of month. But...because it is a political football game, that does not mean that if this window closes at the end of the month without a rate change, we will never see it. It just means that another political fight got in the way. Again. [post 1 of 3....stay tuned]
7-17-2019 Intel Guru MarkZ [via PDK] I feel very good and very confident this morning. The facts are no new rate in Iraq yet this morning… My contacts at redemption centers are sitting there waiting...twiddling their thumbs. I am still being told that there will be redemption centers all over ...should be one within 50 miles of almost everyone. ...I believe Mr. Trump will be very motivated now to release this reset...
7-17-2019 Intel Guru Bruce ...we believe things are to the point where we should be getting some good news tomorrow [Wednesday]. Now, it maybe we get toll-free numbers and all we do tomorrow is set appointments. It maybe if we get the numbers soon enough, we set appointments and start tomorrow [Wednesday]. It maybe we get the numbers and set appointments for Thursday. I am trying my best I am not calling it. This is based on the compendious of confirmation and evidence that I have so far today...We know things change. We know we are facing a moving target... I do believe they have this ready for us finally to go. [post 2 of 2]
7-17-2019 Intel Guru Bruce [via PinkRoses] ...I usually start where are we...I can tell you where were we supposed to be. We were supposed to be in the Bank and the Redemption Centers...today [Tuesday]....We were faked out by the fact we were looking for 800 numbers on Monday or Today with exchanges, but...There were a number...of disgruntled former bank employees...with at least 4 or 5 main banks...that had the wise idea to try to put out bogus toll-free numbers to our community...and they nixed that right away...but it did slow us down for a couple of days. So, we are ready. We are willing and able to move forward to get this party started. [post 1 of 2....stay tuned]
7-17-2019 Newshound Guru Enorrste ...I think the answer is clear. They want to make Iraq one of the most powerful currencies in the world. They want to make it a world reserve currency. They announced that some time ago. 8 years ago. IMF has agreed it's a good idea because of their location. 1. They are in the Middle East 2. The world needs another world reserve currency with the dollar being so over extended...they need this and we can't overestimate the power and importance of the IMF becoming this trustee...they want this thing to happen. They are proving it by making this currency flat to close to its own market rate for 16 months now and announcing they're ready for international trade. It's really really tightened up. [Post 2 of 2]
7-17-2019 Newshound Guru Enorrste I don't think we can underestimate the role of the IMF in all of this. They stated two years ago they were going to become the trustee of the Central Bank of Iraq. When you're the trustee this means you have the purse strings in your pocket and you can pull any sting you want at any time you want and it's not by any coincidence whatsoever this currency shortly thereafter came into stabilization and they got within 2% between the fixed rate and the market rate...Allaq couldn't do it so the IMF finally took over as the trustee of the CBI...They have it under control for 16 months...Why in the world would an International organization like the IMF want to stick their nose in Iraq's business so deeply? [Post 1 of 2....stay tuned]
7-17-2019 Newshound/Intel Guru Mnt Goat Article: "DEPUTIES IN PARLIAMENT DEMAND ACTION TO PUT AN END TO THE THE MASSIVE CORRUPTION CARRIED OUT THROUGH THE AUCTION OF HARD CURRENCY ORGANIZED BY THE CENTRAL BANK" Quote: “THE OFFICIAL STRESSED THAT THE GOVERNMENT IS CONSIDERING SEVERAL OPTIONS TO STRENGTHEN THE DINAR, such as the deletion of zeros or determine the price globally, as do many countries in the Arabian Gulf.” To determine the price globally means to reinstate the dinar BACK on the global exchanges... ...This is the holdup right now in getting the reinstatement ...THE CORRUPTION IN THE CBI! ...So we know they that they know and the pressure is on to do something about losing all this money on these auctions. They have out-lived their usefulness which was to control inflation...
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7-16-2019 Intel Guru MarkZ I am tired and weary but cautiously excited tonight. 2 excellent sources in Iraq think they will have their rate in the Gazette on Wednesday... On the treasury side they are saying it could happen tonight [Tuesday] ...another government source said anytime in the next 72 hours.
7-16-2019 Newshound Guru Kaperoni The guru's like to constantly state an increase in the value of the dinar will be some random overnight act. That will never happen. If the Iraqi dinar increases in value it will be based on sound monetary policy and the world's participation in rebuilding the country. SAP, very significant IT company is now in Iraq and expects Iraq's GDP to grow to 8.1% in 2020. That is huge and three times the current GDP. We can only hope they are correct.
7-16-2019 Newshound Guru Whitelions Did you see the cbi gave orders on what to do with the dollar when they come into the banks? They want dinar given in change...they are fighting...to get the dollar off the Street's.
7-16-2019 Intel Guru MarkZ [will value day and 800 numbers happen at the same time?] Yes I believe value day and 800 numbers will happen at the same time...A number of intel providers are looking at Wednedsay as the big day…Not sure where there info comes from...we shall see. [what happens if this doesn't go this month...] If it doesn’t go this month...I personally believe we will see it this month but if it doesn’t...I think anytime before Oct. is fair game... [post 2 of 2]
7-16-2019 Intel Guru MarkZ According to the one treasury contact I still have faith in (I went to college with him and trust him completely) Gold Certificates are on the way to the US as of now...Gold Certificates are how we fund the new US dollar...they are important to this revaluation as we go from fiat based to asset backed currency. He is looking for tonight or tomorrow morning for everything to happen. No new rate in Iraq...yet. [post 1 of 2....stay tuned]
7-16-2019 Newshound Guru Enorrste ...They are not just hoping for a floating dinar, they are counting on it. The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. Only with a strong currency can they take the risk of moving to a float. With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...Thus the dinar is one of the strongest currencies in the world despite its current low value. As the float begins the they will see the value of the dinar begin to rise. As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar. Thus at one dollar per dinar (this is after the float has occurred) the CBI will still have 175% coverage of their money, meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal. [Post 2 of 2]
7-16-2019 Newshound Guru Enorrste Haven't had anything to say for a while but now we're getting close so let's get into it....[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]...how did they raise their reserves when the government was in a deficit situation? ...they managed to expand investment throughout the country. Thus reducing somewhat their dependence on oil. This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...this is extremely good. Why? ...once the investors get a foothold in Iraq they will come in droves to make money...with the hopes...that they will be able to get their profits out the country in short order. This means there are now people willing to put their money where their mouth is... [Post 1 of 2.....stay tuned]
7-16-2019 Newshound Guru Kaperoni ...We're all about the facts, truth and learning the process and fundamentals of how monetary policy works and how it interacts with transitional economies. There is no arbitrary revaluation or reinstatement. The terms the gurus like to use RV or RI is all nonsense. That is not how monetary policy works...The CBI will follow strict rules. They will follow processes as well as rules and processes from the International Monetary Fund (IMF). They use this information to design monetary policies to combat the effects of a growing economy. These are proven policies and techniques used by other central banks all around the world...there have been a lot of things that are eye popping. There has been a lot of progress over the last few months...
7-16-2019 Newshound Guru Whitelions I think we are finely close enough to smell the roses for the first time in years they have gotten their poo together...