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Live New York Time
Live Baghdad Time
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD
Dinar Market Rate:
(CBI last reported 2-19-2020)
1193.777 IQD to 1 USD
- Rates Are Within IMF 2% Rule: YES
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2-21-2020 Intel Gurus MarkZ & Mike Cottrell MarkZ: HSBC and a number of banks even local and Regional are now on the RTP…Real Time Protectionsystem where even international stuff will only take seconds now instead of weeks before you have funds. Mike Cottrell: That technically is the QFS. Coordinating with CIPS and Swift with real time confirmations and deliveries of funds. This is required when we go to the new currency system. MarkZ: To me this is one of the best signs that we are well underway.
2-21-2020 Newshound Guru Kaperoni ...a few state banks are offering documentary credits to businesses in Iraq...This has to do with purchases/imports in US dollars and has nothing to do with the dinar exchange rate...Providing such a service helps the CBI control where dollars are going from the auction by having this banking oversight as well as a service to businesses needing to making foreign purchases.
2-21-2020 Newshound Guru MilitiaMan My view is they are fully disclosing to the world they are finishing the reforms and in very deliberate fashion. Yet they are using the PM cabinet as a smoke screen. By them publishing that the cabinet is completed, yet, they are stalling the vote in parliament, suggests they are staggering the date of the vote time frames in the news for a purpose... They suggested it was for yesterday, then today, now possibly Sunday, Monday and or even Tuesday next... Imo.
2-21-2020 Intel Guru RayRen98 A MEMBER DID REPORT TO ME THAT THEIR BANK CONTACT, WHO HAD BEEN QUIET FOR A LONG WHILE, CALLED THEM INQUIRING ABOUT AN INTEREST TO EXCHANGE... POSSIBLY THIS WEEKEND. THEY WILL KEEP ME UPDATED ON THEIR ACTIVITY.
2-21-2020 Intel Guru MarkZ I am looking for things to happen over the weekend to early next week. Bankers think its going to happen today. A number of sources think today is the day. ...I think this could be an exciting weekend. Almost all my sources are saying today, today, today…news is coming from all directions and it’s all positive. We are also being told Iraq has every intention of seating their Government with nearly all their leaders signing off on it. Things are really coming together quickly for us. I think it could be days…it could be hours…I think we are right on top of this.
2-21-2020 Newshound Guru MilitiaMan Article: "Disclosure...enhances the value of financial institutions locally and internationally" ...They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value... The NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too. This is a very good sign...
2-21-2020 Intel Guru Frank26 ...IMO the Iraqi dinar is going to be paired with the American dollar. But here's a caveat. I believe it's only at the onset. I believe it's only at the beginning...because that's the way Donald Trump wants it...
2-21-2020 Newshound Guru MilitiaMan Article: "The central bank organizes a lecture in Mosul on financial inclusion" ...the above Mosul training was done days ago...imo... They speak of training at a very high level of internationalism. The CBI Statistics website has the stats on many things that facilitate money movement globally. They have the training parameters in place and or done by now through the managerial levels... Next step is the tellers.. Most likely that is or will be down to the last few hours and or last minutes... imo.
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2-20-2020 Intel Guru MarkZ [via PDK] It should have started on Tuesday…They had people positioned for a Tuesday start. I really believed that this was it and we were done…. Was this a misdirection? Did we hit a stall or did they plan it this way to cause confusion…
2-19-2020 Intel Guru Delta Article: "Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies"
VERY HUGE ARTICLE...THEY ARE READY TO DO BUSINESS NOW...
2-20-2020 Newshound Guru MilitiaMan From Guru Frank26: "Regular meetings now between CBI Board, IMF, AMF and UST." For them to be having meetings with those four should assure us that this is coming together so very well and orchestrated to be in synchronization with the new PM and his fresh independent cabinet even with the ISX to down to bank tellers. The four Global Enities would be the ones to give the guidance to the CBs, Private Banks and then down to the bank managers, as they will need to know what to teach the tellers. They'll need to know what to tell the citizens about the value and the longevity of the coexistence of the varied currencies they will hold for what ever period of time they decide. That is effectively end game for us when that happens. imo.
2-20-2020 Intel Guru MarkZ [via PKD] We don’t have a change of rate in Iraq yet. [Will it be a shotgun start?] I believe it will be a shotgun start…so no double dipping for anyone.
2-20-2020 Intel Guru Footforward [What are your thoughts...on what will happen next after he [Allawi] seats his Cabinet and it gets approved...] They will immediately get to work on the budget. This isn't holding up the RV. But it certainly doesn't hurt things one bit.
2-20-2020 Intel Guru MarkZ [via PDK] HSBC is announcing that their RTP-Real time Payment system has launched. A couple other banks have done the same. This is huge…. This is the QFS system…. This is the new blockchain system…. This is where they can do real-time transaction from all over the world in seconds. This process used to take 10 days. So this is enormous news. To me this is a big piece letting us know our banking system is online. This means we are no longer on the Swift system as we know it. This is really big news.
2-20-2020 Newshound Guru Adam Montana Article: "Newspaper: Allawi chose 3 characters for each ministry and placed the ball in the parliament stadium" Quote: "Allawi chose 57 characters, 3 persons for each ministry, which means that he put the ball in the parliament’s court by not requiring one person for each ministry because if he rejects it, this may affect the entire government formation." The only concerns I had with Allawi have been covered - I felt like if he was going to be ousted or “convinced” to resign, it was going to happen quickly. Like, “within the first week” quickly. We are well beyond that, and the “backups for the backups” says they are getting things donnnneee! “You don’t like that choice? FINE, here’s another one. And another!
2-20-2020 Newshound/Intel Guru Mnt Goat Article: "DEPUTY: 90% OF THE CURRENT REPRESENTATIVES WILL NOT RETURN TO THEIR SEATS IN THE UPCOMING ELECTIONS" Quote: "DURING ITS SESSION, ON DECEMBER 24, 2019, THE HOUSE OF REPRESENTATIVES VOTED ON THE ELECTION LAW LEGISLATION" So here it is in black and white. The Iraqi election law was already voted on and passed in parliament. ...So why is the news media telling us they still need to do this? This again is a FAKE spin on the news. They want to confuse and stall everything indefinitely. The real reason why they can’t yet implement it is they need candidates for the early elections and also they will need a way to prosecute the corrupt that will be taken out of the government. Already Iraq has hired consultants to come into Iraq to help clarify the procedure to run this new type of “open” election process. They are working out the details and will be successful.
2-20-2020 Newshound Guru MilitiaMan Article: "Deputy: Karbala’s 2020 budget is devoid of new project" [How can there be an RI when there is such a large deficit and no new projects?] I think they are about to change things, as this suggests they have the 2019 budget which, imo would reflect the FML amendment that will facilitate the new rate we expect to precede the 2020... Thus, they seem to know already that there is a big change coming...imo ! This is a good one!! ~ imo.