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Live New York Time
Live Baghdad Time
( Updated: )
Official Central Bank of Iraq (CBI) Dinar Rate:
1190 IQD to 1 USD
Dinar Market Rate:
(CBI last reported 3-16-2020)
1203.455 IQD to 1 USD
- Rates Are Within IMF 2% Rule: YES
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4-1-2020 Newshound Guru MilitiaMan The collectivism of all this data out now is not for just any old reason, imo. ...The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo. ...We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to...date to keep the IQD stable and steady. ...Iraq can't borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future. So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so. Which will support other currencies around the world. imo
4-1-2020 Intel Guru MarkZ Its been very quiet…I’m talking to my sources…they are still there…just no news as this things plays out. Bankers are weathering this wait….they are in place…hanging out at the banks but news is slim. My contacts at Redemption Centers say there is a skeleton crew there…just keeping the lights on.
4-1-2020 Newshound Guru Adam Montana ...It's April first, which means you can expect some pranks today... all from 6 feet away, of course! ...There will be no RV pranks in this Weekly update...The world is being shaken up like never before. There has never been a better time to watch things - unprecedented things - unfold right in front of us... Many thought the Stimulus bill passing like that just could not happen, just like many would deny the possibility of the Iraqi Dinar increasing in value. It's not just a "possibility". This is something that is going to happen. ...Keep your heads up, stay safe, wash your hands, and GOOOO RRRVVVV!!!!
4-1-2020 Newshound Guru chattels Article quote: "As Iraq's Prime Minister-designate Adnan al-Zurfi struggles to secure adequate parliamentary votes for his candidacy, Iraqi political parties are uncertain about whether they should support him, find a new candidate or even keep caretaker Prime Minister Adel Abdul Mahdi in office." General elections are currently scheduled for 2022, but protesters have demanded they be held this year.
4-1-2020 Newshound Guru Jeff ...It's very quiet right now...we're definitely at the end...here's the ultimate step we needed to see. We needed to see Iraq shut down their financial markets. Stop the auctions and stop the ISX...They're resuming it on April 12th...we don't want to see the ISX extended past April 11th. We want the ISX to come back online on April 12th...everything is where it needs to be...
4-1-2020 Newshound/Intel Guru Mnt Goat There are lots of articles out there about many options and suggestions as to how Iraq intends to deal with the down turn in the oil revenues. These are ONLY suggestions...Take this all with a grain of salt. Nothing will be done until the new PM is ratified. They can not proceed without him/her and so the pressure is on.
4-1-2020 Newshound Guru Pimpy ...these people in parliament we all know they're corrupt...we know there's been a huge crackdown on this. Guess what? Trump's now supporting this guy [Zafari] and he wants him to put in the government that they are going to support...this is the kind of movement we want to see...Trump's not playing around anymore. He's already forming his next agenda and what he's gonna do over there in Iraq and he's implementing it right away. These guys should have their government formed voted on and implemented somewhere between the middle and the end of April. It's funny how all of these things are happening right around April...this is some good news. This is exciting...all this pertains to what's gonna happen to the dinar. We really want this country to really get stable...I think you're gonna see a lot of action happen here between now and the end of this next month...
4-1-2020 Intel Guru Frank26 ...the same reserves that they use to support their currency exchange rate is what they are talking about tapping into now. The IMF is not going allow that. Why? Because the IMF wants them to raise the value of their currency and they need those reserves in order to raise the value of their currency...the only move is to exhale and raise the value of the currency...they need to jump into the international market with their own currency, with their own value.
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.
3-31-2020 Intel Guru MarkZ [via PDK] [I have heard that CDC representatives will be at the redemption centers.] I have heard that the CDC along with Homeland Security have been going to all these centers to make sure provisions and guidelines are followed …I hope this is true and it will be a good and safe exchange process for us all.
3-31-2020 Newshound Guru MilitiaMan Article: "Currency Manipulation and Countervailing Duties" Quote: "On April 6, 2020, the rule is to go into effect and U.S. industries can begin submitting petitions for potential relief to the U.S. International Trade Commission and Commerce’s International Trade Administration" I'll bet that the data we are witnessing now out of Irag, USA, GB, CBs, etc., is that they are gearing for Iraq to be playing with the big boyz in and on the INTERNATIONAL STAGE!!! There are no coincidences imo...
3-31-2020 Newshound Guru Adam Montana Article: "The central bank clarifies the fact that it is not possible to pay salaries next month" Quote: "...Iraq's cash reserves are currently $ 60 billion," pointing out that "there is no reason to worry about that." Raise the value on the Dinar and their reserves are much more!
3-31-2020 Intel Guru Frank26 Question "..what is the most amazing thing that you see?" That they have stopped using the dollar and the mechanism [currency auctions] that uses the dollar. And the fact that that mechanism has has the potential to use the American dollar in a very fair way...
3-31-2020 Intel Guru MarkZ [via PDK] Still hearing good things about this week… Banking contacts are still hopeful they will see their funds release tomorrow…that is what they are being told…i don’t see how that is possible because of the logistics for exchange centers which are running on a skeleton crew. They have sick people with sick family members. I do not know how they will roll this out...They are still trying to figure this one out.
3-31-2020 Newshound Guru Pimpy As soon as someone finds out you're a millionaire man you can expect for people to find ways to try to scam it from you. Sue you for it, purposely accidentally fall down in your home. They're gonna do whatever it take to get the money from you. Let a lawyer set you up so that you're protected. In addition to that let a financial advising team set you up. You should tell yourself you don't want all your money at one time. Let your money be invested in such a way that you live off the interest and you never touch the principle. Be smart about it. [NOTE: Speak with your financial advisor at the appropriate time.] [post 2 of 2]
3-31-2020 Newshound Guru Pimpy ...for 86% of us you could be guaranteed that within 5 months [of rate change] you're gonna be flat broke. That's haunting. A lot of you out there are saying, 'man, that's not gonna happen to me.' But look most professional athletes that make hundreds of millions of dollars are flat broke within two year. That's because nobody teaches them how to manage money. I'm sure all those people said the same thing...just be smart about your money ... get an attorney that can set you up in a way where your assets are always protected. [post 1 of 2....stay tuned]
3-31-2020 Newshound Guru Kaperoni I had high hopes that this year significant progress was going to be made in Iraq regarding their economy and investment in the private sector. But in the last several weeks a lot has happened to set back the economy everything from the prime minister to low oil prices...to the Coronavirus. Until Iraq can get a new prime minister, a cabinet, parliament gets back to passing laws and the Coronavirus is resolved. I don't see the private sector opening up and investors coming to Iraq. And in 2013 the IMF was very clear on the direction for the dinar. They will create a diverse market economy/private sector and simultaneously float the Iraqi dinar to create an opportunity for the dinar to appreciate as a result of the success of the economy. Though this will give an opportunity for the dinar to go up in value, and also allow us as investors to possibly profit from that appreciation, it will never happen overnight...