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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 4-11-2021)
1470.250 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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4-14-2021 Newshound/Intel Guru Walkingstick [via Guru Frank26] Phase three: They (the Fab 4/CBI) will keep a very tight band, a super tight band on this international float. Because they don't want it to move anymore than plus or minus 3%. Then it will reach a cap...supply and demand will put the dinar on a different international level.
4-14-2021 Newshound/Intel Guru Walkingstick [via Guru Frank26] Phase two is another step in the exchange rate because it has the possibility to go back up internally if everything goes well - if they collect enough of the 3 zero notes. There's a set number they're looking for. They're trying to collect the 3 zeros in their country because they know you and I as speculators we'll turn ours in...they did send dinars to banks all around the world, they were all electronic/digital. Brilliant...
4-14-2021 Intel Guru MarkZ [via PDK] No movement yet on the RV front…paymasters are still in place and they are prepared. [do we need a paymaster?] A paymaster is a like an attorney at a house closing. They take a large amount of funds...they make sure all fees are paid…all interested parties are paid…and everything is settled…We do not need a paymaster. As we understand our Tier 1 banks will act as a paymaster…they will distribute to us, make sure all fees are paid, covered and done.
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4-13-2021 Intel Guru MarkZ [via PDK] There is no bad news. As I have been told by many folks…yes…everything is ready…they are waiting on somebody to flip the switch. [This is emotionally exhausting.] It is emotionally exhausting. I share the frustration and exhaustion with you. [It will never be perfect…at some point they just have to let go.] I agree with you. Many people I know up the chain agree with you…with the QFS I think it’s as good as it’s going to get. They say we need to pull the trigger…I agree with them...
4-13-2021 Intel Guru Frank26 Article: [Adapt to the exchange rate] Quote: 'to adopt the method of "flotation" Al-Madar - in the next step, in conjunction with the increase in the central reserves...' You now understand - Phase One: Solid date 1 to 1 fixed rate. Phase Two: Bring in enough zeros...and we will give you [CBI] the opportunity to raise the value again. How about $1.19 or $1.46? Outside of the country the same thing is happening. Strengths and stability is being added to your currency...because of the investors...they recognize that Iraq now qualifies for the international rate of their currency. When it enters Phase Three: Maybe 6,7,8 months later as it floats...that's the next step after we do phase 1 and 2...these phases are upon us.
4-13-2021 Intel Guru MarkZ [via PDK] [What’s your predecition?] My best guess is “anyday” could be today…could be tomorrow …could be a week…we simply do not know. [Do you think we will have it in April?] I thought we would have in March. But yes I think we will see it in April. I did speak to one redemption center contact who said they will be on call this weekend. The chatter out of Iraq is still exceptionally good...more statements from the finance minister over there saying they will soon have the best currency in the region.
4-13-2021 Intel Guru Frank26 The goal is to change the rate again. These articles are coming out and they're saying 'we're changing the rate of the American dollar. No. The CBI has no authority to do anything with the exchange rate - only the U.S. Treasury...not understanding the translation properly really applies to these articles. That's why they get you depressed and confused...they are talking about the exchange rate of the Iraqi dinar AGAINST the American dollar...that's the only way they can talk about it...these articles are not saying they're going to decrease the value [of the dinar]...
4-13-2021 Newshound Guru MilitiaMan They (Parliament) are clearly stating the 2021 budget has been approved to price oil in dinars now. The PM states the 2021 budget is financing the the Port of Faw project in the billions. To price oil in dinars is only possible with an exchange rate change, imo. Whereby, if the deletion of the zeroes is to happen, then it would make sense, as there are not enough dinars in existence to do so in dinars. With an approximate 4 million barrels of oil a day at say $65.00 brl is upwards of 379.6 billion dinars a day... Nope not going to happen imo... Drop the 3 zeros and that can happen... And hence the projects cornerstones are being put in place today. imo.
4-13-2021 Newshound Guru Kaperoni ...The dinar exchange rate is the dinar exchange rate. The word..."program rate"...was taken from IMF consultations with Iraq that referred to agreements...it is not some temporary exchange rate in anticipation of some significant other rate or RV...