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Official Central Bank of Iraq (CBI) Dinar Rate:
1184 IQD to 1 USD
Dinar Market Rate (CBI reported):
1252 IQD to 1 USD
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2-22-2018 Newshound Guru Kaperoni Article: "Dollar exchange rate and gold in Iraq on Thursday prices" Quote: "According to figures received by the "Economy News", it has reached sales of $ 100 at the exchange rate in Baghdad struggle to 122,000 dinars, while the purchase was 121.750 dinars, after it was 122.250 yesterday, settled with the sale price of $ 100. In Erbil Stock Exchange 122.750 dinars, and when the purchase was 122.250 dinars." So pretty much the spread is 1220 to $1 They still got about 7 dinar to go to get in compliance.
2-22-2018 Intel Guru RayRen98 Abadi on Iraqi TV stating that the budget must be passed within one week, urging the Kurds to move forward. Investors are "supposed" to be returning to Iraq next month, the new rate is definitely "supposed" to be visible and active! The Bank Update was originally planned for February 15, then pushed to February 21 and is now moved to February 27. Some of the banks experienced system "time outs" due to over loads on the main banking system band width which created DOS attacks. We're still in a good time and place. Time Will Tell!
2-22-2018 Newshound Guru Kaperoni [I read that the Official Rate is 1180.] ...the CBI auction post under CBI news states the price at 1182. ... market forces (interbank) are minimal at this point plus the CBI has pegged to the dollar. ...that is why the CBI cannot stay pegged once in compliance. The CBI needs to move to a different exchange rate regime (some type of float) which would allow flexibility to adjust the value of the dinar based on economic pressure (this is known as discovery) created by investment. ...I think its key to understand why they CBI must move off the peg before investment begins... "Adopting a flexible exchange rate before liberalizing the capital account enables a country to absorb capital account shocks at lower cost to the real economy than under a fixed exchange rate. By contrast, liberalizing the capital account first can help offset temporary current account shocks, expand the range of instruments available for risk management, and deepen the foreign exchange market."
2-22-2018 Intel Guru Footforward So, eventually the currency is going to go back up. Why would they print this currency series and have all of these security features if they were just going to scrap it...it doesn't make any sense. If no one is going to counterfeit this currency on a a big scale, why would you have it the most secure currency on planet earth. That's what I keep going back to, nobody can refute this. I do believe this is going to happen. I do not hold any other currency...I do believe the dinar is going to be the big winner. ...Every bank in the country will be dealing with this. [Guru] Studley told me this and I trusted him because I know who he was and I know who he worked for and I knew his connections. [post 2 of 2]
2-22-2018 Intel Guru Footforward Iraq has this currency that is worthless...they printed a new series that is worthless, but they have these incredible security features on this currency. They say that the CBI just wants control of the money supply and that's why they are putting these security features on them. Iraqs currency used to be at a rate of $3.22 then suddenly overnight it was completely worthless. It didn't have a gradual devaluation, there wasn't inflation that was going out of control...it was $3.22 one night and literally worthless the next. It was planned, orchestrated. [post 1 of 2....stay tuned]
2-22-2018 Intel Guru Dr. Clarke It’s getting “REAL-ER” & CHANGING by the Hour...When it comes to TAXES, for God's Sake, get ALL YOUR FACTS from the IRS or Your Designated Country's Official Tax System DIRECTLY, seen or given in WRITING directly from the Up-To-Date Source, as shown to you, READ BY YOU, Validated & Confirmed by a Licensed Professional, such as a Licensed CPA TAX PROFESSIONAL, when you make ALL YOUR DECISIONS. BE SMART.
2-22-2018 Newshound Guru Don961 Article: "Merry of Iraqi dinar" ...another article touting what a terrific job the CBI has done holding and even increasing the value of the IQD...even with all the turmoil of ridding the country of Daesh...more and more articles now appearing talking about the dinar and its value...imo.
2-22-2018 Newshound/Intel Guru BGG Article: "URGENT The dollar is blowing in Iraq" Quotes "Foreign exchange markets in Baghdad, on Wednesday morning, a significant decline in the exchange rate of the dollar against the Iraqi dinar."; "The selling price of one dollar 1225 dinars, or 122 thousand and 500 dinars, for one hundred dollars. And the purchase price of the dollar is 1215 dinars, or 121 thousand and 500 dinars, for one hundred dollars." ...this is good news. The Dinar is getting stronger. It is harder to get (over here), the price is going up and the exchange rate is better over there (for us). None of this is bad. It is all good.
2-22-2018 Newshound Guru Kaperoni Article: "Source: The increase in the depreciation of the dollar against the dinar due to the actions of the Central Bank " ...the Market Rate will never be less than the Official Rate at the CBI. And the CBI cannot stop the auctions until there is an alternative for international commerce. I believe I am correct, the 2% rule is calculated off the Official Rate plus CBI commissions (1182 + 8 dinar commissions X .02 = 23.8) which puts it at 1213 to $1. How long the CBI must wait may be subject to IMF review. We know they were not giving them an exception on the spread, but they may give them an exception on time (90 day rule) due to the urgency of maintaining stability and encouraging investment.
[Based on Guru Kaperoni's 8 dinar commission rule some gurus feel the Percentage Difference between the official rate and market rate needs to be 1214 to meet the IMF 2% stipulation...no one seems to be clear on how to calculate the number - guru 2% target rates range from 1203 to 1214]
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2-21-2018 Intel Guru Dr. Clarke Let's look at the RATES. This is the way we "SEE" things. It's pretty Simple. Let's look at the "FACTS". FACTS, not Rumor. Not Hype. Not B.S. Not somebody's "Whatever". Let's Get sober for just a minute here. "IL-LOGICAL" Example: IRAQ in the 1990's Pre-War, the U.S. exchange rate was $3.00 plus. On average, over the past few years, you could exchange 1 Million Dinar at around $1,000 avg. What happens with Oil-Rich - Iraq, 15 yrs. later, given today's parameters, World economy & RELATIONSHIP WITH THE U.S.? At $3.00, your $1,000, suddenly exchanges for $3,000,000...."IL-LOGICAL"? - YES. "INSANE"? - YES. “NOBODY KNOWS FOR SURE, WHAT THE RATES WILL COME OUT AT, INITIALLY - NOBODY”...except the person sitting in front of the Computer Screen, at the time of Entry, the time of CHANGE, and the Person giving them the information to Input, based on the Committee’s Final Rate Decisions.
2-21-2018 Intel Guru Bluwolf ...TO ALL WHO ARE WAITING FOR NEWS FOR YOUR EXCHANGES, IT SHALL BE ALONG SHORTLY.
2-21-2018 Newshound Guru Kaperoni Article: "IFC is cooperating with the Iraqi Central Bank to strengthen corporate governance in the banking sector" Quote: "This initiative comes within the framework of IFC's strategy to stimulate private sector growth in Iraq..." ...the IFC is going to drive investment into Iraq and as a result capital through the CBI. Exactly what we want...
2-21-2018 Newshound Guru Adam Montana ...On a different subject, I saw a news clip about a confrontation in Iraq yesterday. It surprised me, because we’ve really seen almost NOTHING along those lines in the last year...major violence in Iraq has been almost non-existent lately when compared to 2013,14,15...as we all know here, Iraq certainly is not the same place it was 5 years ago! It makes one wonder...is Iraq finally to a point where they are “flying under the radar” for the most part, and therefore in a perfect place to surprise the world with something big? That could certainly be the case. Bring it on! They might catch the rest of the world by surprise, but not us. [post 2 of 2]
2-21-2018 Newshound Guru Adam Montana Dinar is getting interesting again, isn’t it? It’s about time! Major news is pretty simple - no HCL yet, but it’s gaining a lot of outside support in a quick way. Notably, the price of Crude has stabilized to around the same price it was back in early 2014. This is exactly what the recent OPEC agreement was intended to do, and the fact that it’s succeeding is VERY encouraging. Reports that it should get back up into the $80 range are everywhere. The important part here is that oil IS stable, and it IS going up, in a mostly predictable fashion. This is what Iraq needs to really move on the HCL...Also promising is reports that some dealers are showing a shortage of IQD notes for sale. This could be a strong indicator that the available supply is drying up, or it could mean that demand from investors like us is getting lower... Good for us, either way!... [post 1 of 2....stay tuned]
2-21-2018 Newshound Guru G-Lin Articles "The recovery of the Iraqi dinar"; "Merry of Iraqi dinar" These arts. are by two leading economist from Iraq and they are heaping praise on the CBI for narrowing the spread in the market place. This is exactly what the IMF has been trying to get Iraq to do for years. This fights corruption and gives some prestige to the dinar. Higher value and stronger purchasing power. Hopefully this tread will continue and we will see them liberate the exchange rate in the open market internationally. We know Iraq is examining the example of Egypt pound... Egypt is a success story and their economy has improved since they started the float in 2016. I like this part of the above art. "restore the splendor in the currency market .. Financial stability and the strength of the Iraqi dinar aim to reduce the systemic risks that have emerged with the recurrence of financial crises."
2-21-2018 Intel Guru Bruce I think it is important to see that this redemption and we call it redemption is close and I know I have said it is close before, but I do mean that. I have heard (3) separate bankers say that we that shouldn’t get out of this week without being completely wealthy. Now am I calling it? No. I am just telling you what I have heard. We will see if it is true. We are at the point there are a few little things to be handled that I heard about, but the Intel we heard earlier said we shouldn’t get out of this week to be rich I believe is still true...there is not a lot we need to know except be ready. [post 2 of 2]
2-21-2018 Intel Guru Bruce ...We are sort of in that hour to hour phrase right now where something could change in hour or two that would either delay or move it forward. It has worked both ways...Some things moves quicker than we thought than some things take longer than we thought. We thought we would go today [Tuesday]. We thought we would go at lunch time. It didn’t happen. ...things change and this is a very moveable situation. It is flexible. I know what the rates are, and I know what I expect them to be, but the minute I put them out and do that, I will be wrong and then someone will be disappointed. Maybe they will be better than I think they are, and that will be a good thing. [post 1 of 2....stay tuned]
2-21-2018 Intel/Newshound Guru sandyf ...it is almost odds on certainty that the IQD will never float.
2-21-2018 Newshound/Intel Guru Randy Koonce In addition, it is being rumored that Abadi has been trying to solicit money from various countries, in return for Dinar. But, some of that money would go to him, and not Iraq. If true, this may be the reason Abadi has been dragging his feet on 'pushing the button'. He could be wanting to make one last attempt to feather his own nest a little better. However, not only the Trump administration but these other countries as well, are putting tremendous pressure on Abadi to get this done...Or Else! ...In the event that we do not see this finished in the next 2 weeks - don't despair. They do not have to wait for another year. This will get gone - this year. ...the best thing we have going right now is a Very. Determined. President. We are close...Every large bank will exchange...RELAX the RV is coming...Check www.cbi.iq every day to see if it has changed...Breathe... [post 3 of 3]
2-21-2018 Newshound/Intel Guru Randy Koonce ...there is a very real reason why the RV has not happened years ago. So, some history...One of the things that we learned was the fact that Obama was never going to let it happen as long as he was president. We learned that half of Obama's cabinet wanted to release the RV and the other half agreed with Valerie Jarrett, who did not want anyone in the US to participate in this blessing. ...So, between Maliki's regime and Valarie Jarrett's influence over Obama, the previous eight years were a total waste of time from the RV standpoint. Now that Trump is in office, he very much wants this done, but does not want Iran to benefit. President Trump is working hard to get this done, because he knows many of us are holding dinar, and wants to allow us to bless and grow the economy of the USA. You've probably heard the phrase...Make American Great Again? [post 2 of 3....stay tuned]
2-21-2018 Newshound/Intel Guru Randy Koonce All the 'gurus' have watched since the first of the year for the RV to happen. What we have all learned is that the revaluation of the Iraqi Dinar has become the biggest political football in history. And that is why we are still waiting. However, it appears that the time has come for Abadi to finally step up to the plate. Based on information I am receiving, we believe that the RV will (should) take place within the next 2 weeks. Great pressure is being brought to bear to make this happen. Everyone - including the people who can make this happen - are tired of waiting for this to happen. And 'they' are pushing. So. We are in a 2 week window. Right now. [post 1 of 3....stay tuned]