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( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1310 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)
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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6-6-2023 Intel Guru MarkZ [via PDK] “Oil surges after Saudi’s make additional 1 million bpd voluntary production cut” To me this is important because Iraq’s value is affected by oil...I think this may be a move to help support Iraq’s value…
6-5-2023 Intel Guru Frank26 The potential of the Iraqi dinar once it starts floating is ridiculous. That's why they' going to have to keep a + or - 2% to 3% and put a cap on it. And that's why IMO I think the cap should be somewhere around $4.25.
6-5-2023 Intel Guru Angel1 May 31 the highest level delegation arrived in DC and the purpose of that visit was to ask for an extension. Remember June 1 was the hard date...they were in DC for less than 24 hours...they got their extension ...commands... orders...That same day the CBI stops all transactions from Western Union. The purpose of that was to take full control of the IQD...June 1 was another huge day. They launched the electronic platform with great success...now we're going to see and we have been seeing lightening speed because of the decisions and agreements that these Middle Eastern countries have made and continue to make together...they want to see the Middle East explode. That is what's happening right now. [Post 2 of 2]
6-5-2023 Intel Guru Angle1 In February there was a massive delegation from Iraq who went to DC to talk about the economic reforms. Here's what we know for a fact. DC told Iraq they have until June 1 to execute everything. To revalue their currency, to make them international and to move forward with their monetary reform. June 1 passed. Let me backtrack. May 30th was absolutely massive...there was a decision in which Kurdistan Regional Government was dissolved. Iraq was like a two headed monster... Baghdad... Kurdistan...that was unconstitutional...On May 30th the judge ruled and now the KRG has been dissolved. Their power and authority has been taken from them...that was a requirement in order for them to move forward. [Post 1 of 2...stay tuned]
6-5-2023 Intel Guru MarkZ [via PDK] It was exceptionally quiet today. Everyone seems to be expecting a very big news day tomorrow. We will see how that goes.
6-5-2023 Intel/Newshound Guru Walkingstick [via Frank26] There ain't no delays. Ain't no problems. They're going down the budget and they're checking off all that is needed to prepare the release of the budget and for their monetary and economic reforms. That budget is the spinal cord for the economic reforms because of the success of the monetary reform and the RV phase that put the monetary reform where it's at right now...to see it reinstated, put back to what it was, that would be good.
6-5-2023 Newshound Guru Militia Man The IMF gave them a stern warning ...It says time is running short for this government ...Opportunities are beginning to diminish. It goes on and says it must focus on dealing with the internal economic imbalances and the corruption with all its tool...Iraq has some shackles still...I think it was protections for investors...this comment basically stating get your internal stuff done because the international external situation, those deals, are not what we're going to be talking about...get Article VIII complaint and let's move on and get to the private sector...
6-5-2023 Newshound Guru Sandy Ingram Article: "$17 billion Development Road Project Launched by Iraqi Government" ...Iraq's project could change global travel routes. Iraq is building a transport corridor between the Persian Gulf and the Mediterranean Sea...this is a major development that could change the way the world travels from Asia to Europe.
6-5-2023 Newshound Guru Pimpy Iran and Saudi Arabia whose intentions are to join the BRICS nations this obviously could affect Iraq. I'm sure those same nations approached Iraq about joining BRICS nations as well which would be a major concern to the United States and this is why the United States sent more troops back to Iraq and they're building a new base. So they have no intentions of getting out of Iraq. They're there to protect their interest and the interest isn't the Iraqi people, it's the minerals in the ground and the oil.
6-5-2023 Intel Guru MarkZ [via PDK] I expect a steller week of great news and lots of ups and downs…I am getting inundated with the expectations we will see massive movement this week... Stay bucked up and be ready.
6-5-2023 Intel Guru Frank26 Sudani constantly every day...says, 'Citizens of Iraq hold onto your dinars because they are going to be more powerful. We're adding value to it.' More powerful than what, Superman? 'No, more powerful than the American dollar.' Then it should be more powerful than $1. How about $1.50...
6-5-2023 Intel Guru Angel1 I'm no longer concerned about the budget. I truly believe the budget has worked itself out...I don't think we'll have it today or tomorrow but I do believe it'll be done this week for sure.
6-5-2023 Newshound/Intel Guru Mnt Goat ...the reinstatement of the IQD, the liberation of the IQD is coming and it’s not going to be years. Soon we will see the honest asset-backed rate...It’s all in the making and my CBI contact told me to just be patient...it must get to a high state of SECURITY and STABILITY before they release it. I believe they have already reached this point and the currency reform (with the de-dollarization and de-pegging) is at the point of no return. It must now move ahead to the next stage.
6-4-2023 Newshound Guru Militia Man They've been talking about the budget. It's been a big deal. Some folks think it's not important but interesting enough ...about a week ago...we were talking about convergences and what we were talking about was the 2023, 24 and 25 budget coinciding with the USA debt ceiling...We thought they had a correlation and I think we'll find out that it does or it seemingly will have an effect and has had an affect.
6-4-2023 Intel Guru Frank26 I don't know when they're going to do this. But I know what they are doing and so do you. We're not so ignorant. We're not so blind to understand what they're doing...
6-4-2023 Newshound Guru Sandy Ingram "This is What Happens the Morning the IQD Increases in Value Against the US Dollar" [Series 5 of 5] ...The Iraqi Dinar floats to 25 cents to one IQD...if you have one million Iraqi Dinars and you decide to exchange all of your Dinars at 25 US cents for one Dinar, you would be looking at a profit of $250,000. If you are single, you would immediately be placed in the 35% Tax Bracket. Your taxes would be $49,335.50 plus 35% of the amount over $215,950. (2022- 2023 Tax Brackets). This does not include your regular salary, which is added to the $250,000. [Series 5 of 5] [NOTE: Consult your tax advisors at the appropriate time to determine the correct tax for your unique situation.]
6-4-2023 Newshound/Intel Guru Walkingstick [via Frank26] Let's say for example the budget shows 1000 to 1 rate when they open it up...immediately the next day the CBI/government can push a button to change the exchange rate in the budget to 1 to 1.
6-4-2023 Newshound Guru Clare Article: "After the International Monetary Fund warned... Iraq is on the verge of a major crisis, and time is running out!" Quote: “Time is running short for this government, and opportunities are beginning to diminish in front of it, and instead of preoccupying people with unimplementable international projects, it must focus on dealing with internal economic imbalance and corruption with all its tools.”
6-4-2023 Newshound Guru Pimpy They're concerned about the parallel rates. You have the fixed rate of 1320 dinars. But if...people are being offered much more dinars for US dollars, then they're gonna turn around and go to the black market with US dollars, you can buy more dinars then go the bank and exchange them for US dollars...it just goes around an around and if the demand for US dollars increases and they're willing to give you more Iraqi dinars for it, then Iraqi dinars lose value...They had spoke about stopping the use of US dollars in Federal Business and in big companies. It looks like they're finally going to stop using US dollars altogether within Iraq which would be a smart move because that would definitely increase the value of your currency...
6-4-2023 Newshound Guru Militia Man We believe the Central Bank is fully ready for the Forex system because that's what they'll be using to do international currencies. Let's see how that happens and plays out because the retail side of it is when we are affected by it, not when the central banks are having their time with the currency...Our Forex opens somewhere around 5ish on Sunday. Hopefully we see something. We never know. Obviously anything can happen. We just go with what the information that we have in writing and some of our banking sources and financial resources...we glean...
6-4-2023 Intel Guru Frank26 Article: "The Central Bank of / NINA /: Issuing a new denomination for the national currency is not on our agenda at present" Quote: "The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now." NOTICE THEY SAY THE NEW DENOMINATIONS FOR THE NATIONAL CURRENCY NOT FOR THE 3 ZERO DENOMINATIONS NOR FOR A SANCTIONED PROGRAM RATE!!! A 20K NOTE IS NOT PART OF THE MONETARY REFORM THEREFORE IT IS NOT NEEDED AT ALL.
6-4-2023 Newshound/Intel Guru Mnt Goat ...the IQD was over $3 USD per dinar before the 1991 invasion of Iraq...What does it reflect on the IQD today and since? ...the Kuwaiti dinar [is] over $3 KWD per US dollar and they don’t have half the economy that Iraq has right now, never mind all the gold, oil, agriculture and other resources...So why do they keep pretending that it is the Iraqi economy that must first flourish to raise the rate of the dinar? ...They don’t need to grow their economy or bring in investors to raise the rate of the dinar, as it is today. It is not about raising the value, as they tell us, as the value is already there and has not left, but instead raising the rate to reflect the TRUE value already present in the IQD.
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6-3-2023 Newshound Guru Pimpy 95% of the budget is being financed by oil sales. What happens if oil sales should tank? Then Iraq is right back where they were when they were damn near bankrupt. They need the budget to pass so these projected can get financed and they can start finding alternative ways to create fees and not rely on oil so much. As long as everything is done by the book that shouldn't be hard to do. But...projects ...are sitting there waiting for money so they can continue...
6-3-2023 Intel Guru Frank26 I don't care when the budget comes out. I am extremely excited about all of these sentences that Sudani and Alaq are telling you [Iraqi citizens] on a daily basis.
6-3-2023 Newshound/Intel Guru Walkingstick [via Frank26]
WALKINGSTICK: Things are looking good. It's always quiet before the storm. FRANK: It's always quiet before the perfect storm.
6-3-2023 Newshound Guru Sandy Ingram "This is What Happens the Morning the IQD Increases in Value Against the US Dollar" [Series 4 of 5] ...The Iraqi Dinar floats to 25 cents to one IQD...The ONLY purchase you should make is for health insurance, nothing more, nothing less. If you spend money on anything else, you will be joining the broke lotto winners and NFL football players who didn't invest their salaries when they were younger. Your ability to implement self-discipline will translate into your ability to generate a positive cash flow from your profits. Because once you spend your profits, you are broke! [Series 4 of 5]
6-3-2023 Newshound Guru Clare Article: "International report: Iraq's 2023 budget ushers in a new era of development that the country has not witnessed in 50 years"
6-3-2023 Newshound Guru Pimpy I am monitoring what's going on in Iraq but it's pretty much the same. What I'm looking forward to is once the budget has passed and they start allocating out the funds is watching the growth happen in Iraq. That's what I'm watching for.
6-3-2023 Newshound Guru Militia Man The convergence coming up this weekend is phenomenal. It's fascinating. Just know the...POS activated, implemented, launched. They're using all those words so be excited. It's looking good...
6-3-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Prime Minister Sudani gave a television speech and they're re-running it over and over again...it's about him saying that's it's Iraq's government responsibility to provide a safe environment opportunity for our reforms. He went on to say Iraq is a safe place to invest in. He's talking to all the companies across the world that are coming in here to invest...The speech was about 90 minutes long...it is part of the monetary reform education. FRANK: International in preparation of your national native currency to leave your borders on a float and gain more value. That's what they're teaching you. That is the monetary reform. That is why they repeat it over and over to you.
6-3-2023 Intel Guru MarkZ [via PDK] In Iraq I continue to hear solid stuff with great expectations of the culmination of the budget battle tomorrow [Saturday] or early Sunday. From the banking side…my redemption center contacts are pretty confident they will work on Sunday. I don’t know what that means…will they be seeing people? will they be doing prep work?…will they be getting all the toasters ready and rolling out red carpets? …I do not know.
6-2-2023 Newshound Guru Pimpy Article: "In one day..Central Bank of Iraq boosts gold reserves by about 2%" Nice to see the Central Bank of Iraq booster gold reserves by about 2%...every time they add more to their foreign currency reserves and their gold reserves that exchange rate gets higher...this is a good thing.
6-2-2023 Intel Guru Frank26 A new national native currency with a new exchange rate with, coins, with a purpose to float the new currency in an international basket...'There ain't going to be no RI. We don't have no RI.' No we don't have it right now but we have the proof that it's coming. You have to be pretty ignorant not to understand the proof and the proof is in...articles.
6-2-2023 Newshound/Intel Guru Walkingstick [via Frank26] Remember the exchange rate is a line item [in the budget] that can be changed at any time...when they open the budget the #1 issue to deal with immediately...it's a priority, the line item that contains the rate for the budget...that line item...is numero uno...that's what they are going to be dealing with right away.
6-2-2023 Newshound Guru Pimpy There's a lot of questions being asked about what is the holdup. There's a lot of rumors out there being spread one way or another that the big holdup is discussing what the exchange rate is going to be. That is not true. The biggest portion of it has to do with the oil agreement between Kurdistan and Baghdad - how the money is being dispersed...
6-2-2023 Intel Guru Bruce [via WiserNow] I was disappointed that we didn't get notified...We had heard from some pretty strong sources that we should get notified...and it didn't happen...Iraq...was to come out with their gazette version of the budget. And...they were to come out with a new rate...Well, they did come out with a new rate... They have it up on the screens and we see it on our bank screens...These aren't back screens...These are front screen teller screens that these are available on now....And it's moving up and I've already heard of the increase three times so far in two days, and it's continuing to trade up and increase. Now - The great increase in the dinar rate is going to take place Sunday night when the dinar goes back on the forex and it can be traded up into higher regions.
6-2-2023 Newshound Guru Clare Article: "The Central Bank announces the entry into force of the Cabinet's decision regarding the use of electronic payment devices" Quote: “Cabinet Resolution No. (23044) for the year 2023 entered into force, represented by increasing the number of electronic payment devices (POS), which are used as of 6/1/2023 in government institutions. And the private sector to promote a culture of electronic payment and collection, and reduce the use of paper money in collection and commercial transactions."
6-2-2023 Newshound Guru Militia Man Yesterday was a big day...they were talking about point-of-sale being activated...which now we know that's the case...the Central Bank of Iraq suspended Western Union...That was a big deal because it's money coming in and out of the country...This suggests the Central Bank of Iraq is in full control of their money.
6-2-2023 Intel Guru MarkZ [via PDK] We continue to get fantastic news that there is an expected breakthrough in budget conversations with the Kurdish region. Myself and others in Iraq are expecting the deadlock to break and be signed over the weekend. As of this morning my redemption center folks are expecting to have to work at least one of the 2 days this weekend. I think that is positive news.
6-2-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They just came on television and they said we seek to expand banking and financial market in the International world. FRANK: For the second time in a row they're telling you about floating your currency. That's what this is...yeah, go for it! Sounds good.
6-2-2023 Newshound/Intel Guru Mnt Goat Article: "TODAY, JUNE 1ST THE CENTRAL BANK LAUNCHES THE ELECTRONIC PAYMENT PROJECT" Just as they said they would. As you may know if you have been following this RV saga for years, that the CBI has wanted to institute this POS effort for almost 2 decades now. Finally its success. But why? Why now? ...its because of the de-dollarization and the NECESSITY to do it now, yes the changeover of the currency.