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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)
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( 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...
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1-20-2022 Newshound/Intel Guru Mnt Goat Article: "THE CENTRAL BANK OF IRAQ: AN UNPRECEDENTED RISE IN FOREIGN RESERVES"
Of course we already knew that the CBI has an unprecedented amount of foreign reserves. How do we know? They told us over a month ago...So are they telling us again? Is this to reinforce the coming revaluation and reinstatement of the dinar?...
1-20-2022 Regular Guy Guru Vital Brad You're gonna want to have plans as far as trusts or different banking partners because they're going to want to get their cut on it. The international rate is going to come out at whatever rate it's going to come out at but they're going to try to take points off of it and put it in their pocket. I think it could come down to what you're willing to take, what you're willing to negotiate, how much you have. It's going to be an interesting process as we're trading it in, exchanging it. Definitely have yourself some good lawyers, a good team of financial [advisors], CPAs - a good team behind you before you do anything because we're going to be blessed with wealth. How quick is it going to be gone...?
1-20-2022 Intel Guru Frank26 We know we're all set with the monetary reform and we're waiting for the government to sit itself down, pass the laws, open the budget because that piñata - as soon as they bust that budget open it's going to spill candy all of over the place for everybody in Iraq...We're waiting for them to move their "REER"! : )
1-20-2022 Intel Guru Fleming ...The political scene – elections in Iraq were a mess. Maliki (Iran’s choice), was elected as one of three presidents this year. In his new role of President, Maliki has brought suit to stop the Central Bank of Iraq from revaluing the Dinar which was fully underway... Truly, CBI doesn’t need the government’s approval...Yet Maliki and with Iran’s support, did not agree. Maliki wants the value to remain at the present “fixed rate” and is testing the waters...Maliki has lost his position as president and this lawsuit is dropped...All challenges have been handled by this evening, on January 19, according to Ministers in Iraq, along with all Iranian banks, removed from Iraq....How quickly they can get their political house in order still remains to be seen...
1-20-2022 Newshound/Intel Guru Walkingstick [via Frank26] About 4 times they changed it [the dinar exchange rate since 2003]...when they change the exchange rate it never goes through parliament...who changed the exchange rate? The CBI...we want the parliament seated...because we need the laws that opens the budget that gives us what we want. But it is extremely important for you to understand that the parliament has no authority whatsoever in changing the exchange rate of the Iraqi dinar. Why? Because they have no say in the monetary reform. It's solely their job to do the budget reform with the new exchange rate...the budget they have right now it is impossible to fulfill it at a program rate.
1-20-2022 Newshound Guru Kaperoni the Iraqi dinar more than likely will float and the dinar will gradually appreciate over time as Iraq's economy grows and prospers...the IMF has directed Iraq to float the currency when the conditions are appropriate so that it can gradually rise over time. That is what's going to happen. Take the time to study this investment learn about the rebuilding of Iraq, learn about the reconstruction of the financial system. Creating a private sector economy. The dinar is not a lottery ticket.
1-20-2022 Intel Guru MarkZ We do not know yet what the timing is for us with currency …but it is certainly very close…
1-20-2022 Regular Guy Guru Vital Brad Question: "Will there be redemption centers in every state? A redemption center that's just where you go and trade your money right? Won't you be able to trade it at a bank?" Yeah...even a state like...Nevada, Wyoming, Montana, Idaho - wherever you might be you're going to be able to take that money down to the bank and exchange it at the going rate.
1-20-2022 Newshound Guru Breitling The policy that I follow is watching Parliament, the Ministry of Planning and the Minister of Finance, the CBI and watching what they do that's in relation to the GCC and how it expands their markets because that's the only way they're going to be able to have enough of a base to be able to be outside of the energy market and maintain the rate that they told the whole world they want. Nothing more...Iraq is doing good.
1-20-2022 Guru Nader From The Mid East The foreign reserves gone up to 200 billion. It's going to come out soon.
1-20-2022 Newshound Guru MilitiaMan Article: "Demanding action to release frozen assets abroad" The release of frozen funds may have a profound impact on the REER (Real Effective Exchange Rate) imo... We have heard there is in the tune of $100s of billions in wealth. Reactivating banks abroad is not imo going to be a with a program rate. They already have good reserves, adding more just makes the pie all the sweeter. imo...
1-20-2022 Intel Guru Frank26 Article: "The central bank hits the government's most important justification for changing the exchange rate" The auctions now belong only to the CBI! And they are pithing 1%-2% compliance! But more importantly...Iran is gone from the auctions. Amen. Amen. Amen.
1-20-2022 Newshound/Intel Guru Mnt Goat ...prior to the 1991 Gulf war with Iraq the dinar was over $3. If you go back to the late 1940’s it was over $4. So, what has changed? ... it seems to me the only thing that has changed in Iraq is in even a better economic position now then in the early 1990's or 1940’s. Iraq is now even by far a richer country so why do they still suppress the RATE of the currency if the VALUE has risen so much? ...Yes, it is being intentionally suppressed. But why? ...we know once they move the dinar to the global trading platforms i.e. FOREX, the ability to manipulate the currency is restricted. This restricts corruption and stops much of the stealing of the Iraqi wealth...
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.
1-19-2022 Intel Guru MarkZ [via PDK] ... I am not really expecting any real solid news until we get our notices, which at this point could be 2 hours, 2 days or 2 weeks. I believe we are imminent and at “any moment”. Its exhausting and exciting here at the end...Right now we are seeing all kinds of crazy information, misinformation, smoke …everything we were told we would see here at the end.
1-19-2022 Intel Guru Holly ...The news is, so much is brewing behind the scenes. This is a kettle keg waiting to explode. All is ready, all systems ready, all accounts funded. We wait for the final release and no one knows when that will be. It will come like a thief in the night...
1-19-2022 Intel Guru Frank26 There's just more and more and more that points in the direction of what we want. The Middle East 's currency basket will not accept a program rate. It will drag down the rate of all the other currencies in the basket and that's the opposite effect of a basket. A basket is with powerful currencies that's supports each other and increases the value...it's not a secret.
1-19-2022 Regular Guy Guru Vital Brad I believe that this currency is going to be reinstated at at least where it was decommissioned at - $3.22. I pull up the calculator - [for example] you have 900,000 dinar and it comes out at $3.22...that's almost $3 million dollars...it all depends on what the rate comes out at what you'll be able to exchange it into...
1-19-2022 Intel Guru Bruce [via WiserNow] ...We picked up information today that looked very strong and it was some international information that looked very strong for us to be notified over the next 48 hours – and that was brought out...Monday...that would take us through Thursday... I feel comfortable knowing that something is going down on or by the 20th of this month...we believe that timing is very close...Let’s see what happens...
1-19-2022 Guru Nader From The Mid East The CBI sent a letter to the government to work on the exchange rate not to change it to work on it...I'm sure they're going to respond soon. They have to respond. It's not the government decision it's the CBI decision but the CBI cannot make a decision without the agreement of the Ministry of Finance...
1-19-2022 Intel Guru MarkZ [via PDK] [What is going on with the dinar. I am hearing rates as high as $36 – is that correct?] I am not seeing rates that high…rates have been bouncing all over the place but I do not expect them to be that high in any way. I believe the rates bouncing all over is “testing the system” Keeping the QFS ready to go…Remind yourselves what Dr. Shabibi said years ago what the dinar could be worth. And look at all the articles coming out of Iraq saying they need to raise the rates and stop punishing the poor. That the dinar will soon be the strongest currency in the region. We do not know timing but we know this is real...I think we are in a current window right now.
1-19-2022 Newshound/Intel Guru Walkingstick [via Guru Frank26] The GOI/parliament cannot stop the monetary reform of 2022. You know who is in control and who is in charge of the Iraqi currency of the monetary reform right? The CBI. Parliament is powerless to stop it...but it's important that we get parliament established for the laws that give us the budget and the white papers that give us the new exchange rate and the new small category notes.
1-19-2022 Newshound/Intel Guru Petra Whatever rate they come out at they need to defend it...based on those articles [Reference Guru Petra's post from yesterday below] ...about three quarters of a trillion dollars...That's not dinars. That's US dollars. It's massive money...it really allows them to strongly defend a strong currency.
1-19-2022 Intel Guru Frank26 Article: "State of Law: We Will Not Allow The Budget To Pass Without Changing The Dollar Exchange Rate". What!?! Holy guacamole! ...That would be Kazemi talking to parliament. Quote: "The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it at the present time" ...the CBI said if you're not ready parliament, we are not waiting for you.
1-19-2022 Intel Guru MarkZ [via PDK] [Any news on the VND?] Still expecting $2.25-$2.30…but the bank screens have been bouncing all over with higher rates this week.
1-19-2022 Newshound/Intel Guru Mnt Goat ...There is nothing but good articles this period once again reinforcing the notion that Iraq must do something with their currency revaluation and do it very soon...There is so much news about the necessity to change the exchange rate of the dinar against the dollar to a higher rate to reflect the TRUE value of the dinar...
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.
1-18-2022 Intel Guru MarkZ [via PDK] There is a lot of talk out of Iraq that they do not need the full government sat, but the new government needs the new exchange rate first…makes sense to me. A number of bankers say they are looking for something big to happen on Friday or before…they don’t know what…maybe we know what to look for? Friday could be setting up to be the perfect storm…if it doesn’t happen before then.
1-18-2022 Regular Guy Guru Vital Brad Question: "Do you only buy new dinar Iraqi notes or will old notes 2008 or older work too?" Good question. The 2008 notes are good...If you got the notes with Saddam Hussein's face on the those are not the notes that we're talking about...there's different ways to make sure that it's legit. You need the 2003 series or greater. If you have the 1990 to 2002 series that's the wrong type of dinar...
1-18-2022 Intel Guru Frank26 Article: "Opening a branch of the first Iraqi bank in the UAU" Dubai banks do not deal in used toilet paper...notice all these CBI private banks are opening around the world but not a single one is open yet...all of these baby banks from the CBI are sprouting out just like we told you. We call them satellite banks. They're all over the place now...
1-18-2022 Newshound Guru Kaperoni I've been saying the same thing for years and guess what? I am right! Until Iraq has a parliament and passes the significant economic laws needed for foreign investment, forms a new government oh, and build an economy away from oil there will be no change in the exchange rate.
1-18-2022 Newshound Guru MilitiaMan Article - the headline is 'Releasing Money'. They have quite a bit of outstanding frozen assets that are out there. It's been a long time coming. We have been told over the years that there's a significant amount of money...Interpol talked about upwards of about $180 billion and there's been other comments in respect to upwards of $500-$600 billion in assets around the world...that's astronomical if they call that money back and put that towards their bottom dollar it could definitely support their Real Effective Exchange Rate...the timing of this all coming out at this stage is phenomenal.
1-18-2022 Guru Nader From The Mid East I got good news for you this morning. The president of the CBI sent a letter to the government talking about the rate to be changed, but there's no decision made yet. When we say rate change you know rate is not going to be 1 to 1 first day...it's going to float for a long time...it's going to be tough to be 1 to 1...Iraq paid a lot of things I know but we still owe money to 12 countries ...the UN took us from Chapter 7 yes. We are out from the black list on the European Union...they are working hard. They are doing a lot of things.
1-18-2022 Newshound/Intel Guru Petra We're seeing a lot of major things happening within Iraq...it surprised us that an article that came out...they said they are [having] discussions... [about] funds that could be repatriating back to Iraq that were either stolen from Iraq or have been on hold in accounts on behalf of Iraq until they go out of Chapter VII. If those funds are coming back, oh my goodness it could really impact...the free cash flow that would be available to help them build their infrastructure and build the country and bring in the secondary markets...that's a lot of money and there's a reason why they held that out this long...
1-18-2022 Intel Guru MarkZ [via PDK] I was so excited because of the email I got over the weekend asking me to update my information…Due to an NDA I cannot give any more details…this is the first time in years I have received this type of email. This is huge...I know you guys hate hearing it and I hate saying it…but, It still appears to be very close... everything is set and it is rolling out.
1-18-2022 Intel Guru Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: They talked today and it was from the CBI. The CBI giving reasons why they would change the exchange rate. They're mostly dealing with the economy. And they talked about how and why the CBI is going to change our exchange rate. FRANK: ...Our days are numbered...the whole world knows!
1-18-2022 Intel Guru Holly ...all is set. The final tests and systems checks are done. All issues resolved. All countries are ready and we await the final release.
1-18-2022 Newshound Guru Clare [The CBI is saying they are not waiting for Parliament if they are not ready.] THE CBI CAN ACT INDEPENDENTLY IF THEY SO CHOOSE TO ON THE EXCHANGE RATE... FRANK [Guru Frank26] HAS EXPLAINED THEY WANT TO BE “SHOULDER TO SHOULDER”… THIS WILL GIVE CONFIDENCE IN FRONT OF THEIR PEOPLE TO RELEASE THE NEW EXCHANGE RATE…BUT WHEN IS “ENOUGH IS ENOUGH?” THAT WILL REMAIN TO BE SEEN AS WE CONTINUE TO WATCH THIS ROLL OUT. IMO
1-18-2022 Intel Guru RayRen98 ...This week looks very favorable for a possible RV, keep your head up!