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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:
(CBI last reported 3-3-2021)
1463.500 IQD to 1 USD
- Rates Are Within IMF 2% Rule: YES Started Dec 20, 2020
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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3-7-2021 Newshound Guru Pimpy People are asking me about the rate... Nobody knows...It's all speculation. I know people like to equivocal what happened over there in Kuwait with Iraq...There's huge differences...One is the length of time in-between when Kuwait devalued their currency to when it was revalued...Also the amount of Iraqi dinar...out in circulation is way bigger than what was going on over there in Kuwait. Having said that, that doesn't mean it's not going to happen. I'm just saying, people go around saying this is the same exact thing. I was one of those people. There were a lot of similarities between them but then when you start taking other factors into consideration that all play a part in what the dinar rate is going to be...
3-6-2021 Intel Guru Frank26 They are going to reveal the Real Effective Exchange Rate (REER) and they're going to show them the face value of the new small category notes. This is what we've been calling the second article from the CBI for a very long time.
3-6-2021 Intel Guru MarkZ [via PDK] [What about taxes on currencies?] …almost all of the folks I know that have been involved in this for a long time with the gold treaty …and my contacts that are very involved with the new banking system have repeatedly told me that there is not supposed to be a tax on this... [NOTE: Consult your tax professionals at the appropriate time.]
3-6-2021 Intel Guru Footforward The timing of the Asian basket completely is dependent on Vietnam. As is whether or not the middle East and the Asian basket going together. If Vietnam comes to an agreement that other parties can get on board with then we will see the two baskets go together.
3-6-2021 Intel Guru Mike Cottrell [via PDK] The old protocols had the baskets…now it will basically all go at once when I put the codes in…we have to have all the currencies on “gold backed parity” across the world. Those countries that are not ready will be put to the side to qualify later.
3-6-2021 Newshound Guru Pimpy Here's a biggie. Article: "Oil prices jump 5% ... Brent is above $67" ...spring isn't even here yet, we're already at $67...when it comes to the currency obviously if you budget for $45 a barrel and your entire budget's based on that assumption and it's much higher you get much more higher revenue which allows for the deficit to get paid off quicker, allows for a lot more money to be used to build up the private sectors. These all benefit the Iraqi dinar as the economy begins to grow. So yeah that's exciting news...
3-6-2021 Intel Guru Frank26 We are blessed that our teams, [Guru] Walkingstick, has a relationship with a firm in Iraq...that has a very good working relationship with the GOI and the CBI...the owners of that firm...two own banks. One of them owns 4 banks in Jordan and the other one owns two banks in Iraq. When the CBI wants to make a move with the monetary reform who you gonna tell? Bank owners in Iraq. Once the CBI has a meeting with these people and they tell them what the next step is, that's public knowledge. Eventually you see it in Articles. But most of the time we share it with you before you see it in articles...we've been proven correct at a very high rate...
3-6-2021 Intel Guru MarkZ [via PDK] There is a lot of talk about separate baskets again…I hear everything will go at once except a few countries that are not ready will be allowed to float…
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3-5-2021 Newshound Guru Jeff ...the rate's gonna do nothing but keep going [up]...it's up to you if you want to rush to exchange it. I'm not. I will not be rushing to exchange my currency. I'm gonna take my sweet time. There's no reason to rush this. It's a once-in-a-lifetime opportunity...
3-5-2021 Intel Guru Bruce [via WiserNow] I am convinced it will NEVER happen – UNTIL –until the US says go ahead and put it out...our contact in Fallujah...said that he would let us know Saturday or Sunday morning what happened with the rate...could they change it on Saturday in time to make the change for business on Sunday? ...it doesn’t mean it’s going to happen then – it’s our next window if you will – for a change of the Iraqi Dinar...we are still on a very close day by day... so let’s just stay patient...and we look forward for this blessing to come through... [post 2 of 2]
3-5-2021 Intel Guru Bruce [via WiserNow] ...I told you Tuesday that the faucets were starting to be turned off as far as intel – at least from some of the bank sources we have – they have all but gone away...they all have disappeared...people are on zip lip/lock jaw...or a Gag Order – NDA’s – you know – it’s getting tight...this is kinda of a good thing –It’s a good indicator because in one sense even though we are not getting any information it looks like we are very very close...what we thought would happen on... Tuesday night...was that Iraq was supposed to come out with their new rate - whether it was in the budget – whether it was actually brought out – and put up on screens – so that we would see it – that did not happen... [post 1 of 2....stay tuned]
3-5-2021 Intel Guru Frank26 Article: "The International Monetary reveals the conditions or granting loans and confirms its support for the white paper and changing the exchange rate" Do you see the power in what I'm showing you? I hope you do...the white papers I've told you a billion and a one times contains the new exchange rate...
3-5-2021 Intel Guru MarkZ [via PDK] On the banking side they have been asked to stay in place this weekend …there is a tremendous amount of chatter...that they could see things happen in the next 2 days. And yes…they will work on weekends...Probably the most important news is out of Iraq…it should give you the warm fuzzies...talks about how they have approved their white papers, the budget and the change in exchange rate…Now that they have passed those things - when will they pull the trigger- we don’t know.
3-5-2021 Newshound Guru Jeff One thing that my long timers will remember...every time we get close to a potential time period where the rate was where we thought the rate might change we've always see articles talking about a large basket of suspended laws - the Federal Court Law, Article 140, HCL and so forth. These basket of suspended laws are simply waiting on the rate change. They just keep kicking this basket down the road because these laws are all waiting on the rate change. When you see these laws come up tell yourself you're close to the rate change. They actually approved a portion of one of the laws today [Federal Court Law]. It was huge...this law has been waiting a long time...
3-5-2021 Intel Guru Frank26 ...If it [the dong] was to go up in value it would go up dramatically. It would start at a very small level. Probably about .05 to .07 cents. I know there are people on the internet saying the Vietnamese dong has a chance to go up .47 cents. Nah, that's too big of a jump...the dong has potential. There's no doubt but it's not numero uno. I don't see the IMF talking about the Vietnamese dong. Everybody knows the dong has great potential. That's very good to know...
3-5-2021 Newshound/Intel Guru Mnt Goat The status of the RV has not changed since...Tuesday... We are still waiting for the budget to be passed and the political issues of the US to be addressed. Yes, we still have a chance to see an RV within Iraq but if they open and begin to spend the budget we are less and less likely to see the RV anytime soon at that point... But it is moving along and we will see the landslide. The landslide has begun only the momentum has not yet picked up as we would like to see.
3-5-2021 Intel Guru MarkZ [via PDK] [Do you know what the taxes were on Kuwaits currency exchange in the 1990’s?] I was told by someone who was involved with it…it was just a currency exchange and currency exchanges were not taxed…so there was no taxes at that time.
3-5-2021 Newshound Guru Pimpy I still think in 2021 we will see some rate changes in the positive direction for us. As far as an announcement on an RI or RV whatever you want to choose, is it possible? Yes of course it is. There are a lot of factors out there that help the economy rebound - Oil prices going up. The deficit reducing. The economy recovering. Reconstruction ...take the good, the bad and the ugly. Stay grounded...watching the Iraqi government recover. Their economy recover and then watch them slowly but surely strengthen the dinar against the US dollar...