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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) Dinar Guru "RV" Meters
( Updated: )
Dinar Gurus who feel Dinar will RV within days...
26% Dinar Gurus who feel the Dinar will NOT "Change" until certain "things" are accomplished...
74% Dinar Gurus who feel the Dinar will FLOAT "slowly" upward instead of RV...
31% Dinar Gurus' Official Master List of Possible Major " To Do's ":
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9-23-2021 *** Dinar Guru 2% Rule Update *** Thanks to Dinar Guru community member SeanJohn we have more information on the 2% rule numbers. The CBI reported August's market rate as 1,475.14. But we still have a problem. We don't have the daily market rate numbers. The CBI may have stopped posting them because they're not needed now but we don't know. On a monthly basis the dinar has been in compliance with the 2% rule since January 2021. But we know they fell out of compliance for a few weeks in May-June (but for the month stayed within compliance). Does the IMF go by monthly or daily numbers? We don't know. Has the CBI dropped the daily numbers for a reason? We don't know. This is something we how to learn shortly...Stay tuned as the gurus chime in on the subject. In the meantime, if you know where to find the CBI's new page for the daily market rate updates please click here and let us know! The latest guru posts will continue below...
9-23-2021 Intel Guru Fleming Once Iraq makes the announcement of the new Golden Dinar, as international, they have 4 days to get certain things done. It usually takes 3 to 4 days to get all protocols done. This money is in the banks but waits for this announcement and appropriate timing, to be loaded in ATMs. Announcements are expected to be out in the Mosque on Saturday. This Saturday, September 25th is a good day for everyone to see this RV GCR launch begin in earnest. [post 2 of 2]
9-23-2021 Intel Guru Fleming Everybody is zipped up tighter than a drum. No matter. We know everything anyway. Iraq has a new budget to announce. They’ve got a new currency in the bank. All of this is verified from multiple boots on the ground. This announcement is committed before the first of October, which is also the same time to deliver the budget to the Iraqi Nationals. The new Golden Dinar is in the banks and the plan is being cemented by announcements describing this new abundance, roaring from the huge jumbotron monitors in every town square. [post 1 of 2....stay tuned] 9-23-2021 Intel Guru Frank26 Every country has been in Iraq. I'd also like to say every damn central bank on this plant Earth has been in Iraq... 9-23-2021 Newshound Guru BobTheTaxMan You lose more on schedule A. You have a higher tax bracket. If you hit that million mark and particularly the 5 million mark in your exchange they whack the heck out of you. And now plant your butt in California and see what it does. I did a calculation today - 60 some odd percent between the fed and the state. 60%. [Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances] [Post 2 of 2] 9-23-2021 Newshound Guru BobTheTaxMan [Exchange tax scenario] You've got the IQD in your hot little hand...you run to the bank or an exchange location of some kind. You hand them the IQD, they hand you dollars... Yay hallelujah! You're automatically exposed to ordinary income taxes...if it's under $400,000 it's going to be treated exactly the way it has been under the Trump Administration but when you get over that $400K mark it's a new ballgame. [Post 1 of 2....stay tuned] 9-23-2021 Intel Guru MarkZ [via PDK] ...it has been an exceptionally quiet 18 hours on the RV front. Wish I had more for you but it is just silent and quiet on the RV front...Everyone I talked to are just scratching their heads….noone has any news as we try to figure out where we are at...They still all have expectations and are sitting at the edge of their seats. I tend to think we may be waiting for bombshells to drop tomorrow. 9-23-2021 Newshound Guru Pimpy Article: "In preparation for the upcoming Baghdad conference, the formation of a ministerial committee that includes Iraq, Jordan and France" Looks like Iraq is going to be hosting yet again another type of conference in Baghdad. This is good. They're networking with other nations. This is what you want - to start getting out back on the international scene which is important to strengthen their economy. We know what happens if your economy is strong, well so is your currency... 9-23-2021 Newshound Guru Desert Advisor You probably realize Iraq is still .0006 as an exchange rate compared to the dollar and all the other countries [In the region] so...they need a strong foundation when it comes to their economy and how's that going to happen? First off they need to make sure they they make the right connections. So who are they talking to? Article: "Al-Kazemi's government signs the two largest contracts that will put Iraq in the category of the largest energy sources in the Middle East". 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.
9-22-2021 Intel Guru Frank26 Article: "Al-Amiri promises the "Lord of the Land" a promising plan and pledges to end the "occupation of the dinar" Quote "the plan includes the development of the industrial and banking sectors, accompanied by the practical sovereignty of the national product," pledging to "end the external occupation of the Iraqi dinar by certain and specific countries." THE NATIONAL PRODUCT ...IS THE NATION’S CURRENCY...THIS POLITICIAN IS SAYING THE CBI IS NOW IN TOTAL CONTROL OF ITS NATION’S...CURRENCY ...NO ONE OUTSIDE OF IRAQ NO LONGER HAS CONTROL OF THE CBI AND THE IQD!!!
9-22-2021 Newshound Guru BobTheTaxMan ...only cash in just enough to take care of the things you want to get done, to get some professional help and if you're going to buy a home, borrow the money. Borrow it. Believe me the interest rates are a heck of a lot lower than the taxes are by a long shot. And then when you do cash in pay the freaking taxes...Pay those taxes immediately. You don't need to have...the IRS show up. And then what happens? All those things that you bought have to be sold in order to satisfy a tax liability. [Post 2 of 2] [Note: At the appropriate time consult your tax professionals to create a tax strategy that's right for your unique circumstances and consult your financial advisor before making major financial decisions.] 9-22-2021 Newshound Guru BobTheTaxMan Keeping your taxes as low as possible saves you money...Cashing in - my suggestion if you have just a small amount of IQD just cash in enough to meet your goals. You want to reduce those taxes as much as possible. [for example] I'm gonna say $1 just for a number...I think it's gonna be lower than that but for calculation purposes I'm gonna say $1. Lest say it does come at $1 and let's say you've got 2 million IQD. If you run off and cash that in, remember, you bumped over that $400,000 mark, you also got that extra 3% tagged on there and you got the state coming after you as well. You lost. [Post 1 of 2] 9-22-2021 Intel Guru Bruce [via WiserNow] we did hear today from a qualified source that everything is ready to go and it could go at a moment’s notice...this blessing we are waiting for us is upon us – we believe that we will have this in the next couple of days... 9-22-2021 Intel Guru MarkZ [via PDK] ...they still believe they will be starting at any moment and wrapped up, even with all the groups by October first. 9-22-2021 Intel Guru Frank26 There are no 800 numbers, although... wouldn't it be something if the United States Treasury was to put out an 800 number to help you exchange your dinars. If I was the US treasury I would do that, 'Call me Mr. and Mrs dinar holder...I'll tell you what bank to go to.' The U.S. Treasury is going to be so desperate to help Joseph Biden because he's spending money left and right...if you want to exchange in an American bank go for it. In a bank outside of the United States of America, go for it, it's your prerogative. [Note: Consult your tax professional and always pay your taxes.] 9-22-2021 Newshound Guru Pimpy Article: "Vietnam dong seen weakening next year on deficit, FDI-HSBC Vietnam" They think the Vietnam dong next year is going to lose some of its value. Wow. How much? Quote: "Vietnam dong's currency is expected to weaken too 23,000 per U.S. dollar from 22,700 currency..." Vietnam they're slowing down just a little bit...they were doing really good. They were really rocking and rolling but they just had gotten hit by the coronavirus and it looks like the corona is doing the damage that it was doing to the rest of the countries... 9-22-2021 Newshound Guru Kaperoni From time to time people ask me why they just don't float the currency now? Part of the reason is because this is on Iraq's time table...But most importantly, Iraq needs to create the engine to drive the economy forward first and foremost. Once they do they can float the currency and let market forces dictate the rate. That engine is a process of passing laws, creating a suitable business environment, and encouraging a diverse diverse market economy. Be assured everything Iraq is doing is being watched by professional organizations such as the IMF and World Bank. |