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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: 1310 IQD to 1 USD Dinar Market Rate:1475.14 IQD to 1 USD - 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 Unknown date) 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...
37% Dinar Gurus' Official Master List of Possible Major " To Do's ":
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5-6-2024 Intel Guru Frank26 I just don't see that it's going to be in a basket. I think it'll be a fixed rate...What would it be? Well they want 1 to 1. IMO maybe $1.50 to 1 or $1.30 to 1. That's a fixed rate. But that fixed rate is going to be put in the international markets - Forex. Because of supply and demand, using, buying and trading with it, the value internationally is going to go up...The CBI seeks what's called a REER, Real Effective Exchange Rate.
5-6-2024 Newshound Guru Kaperoni Question: "So would the CBI set the initial float rate?" When a country makes a determination to float their currency, the exchange rate is whatever the official rate is at that time. Supply and demand then takes over from there. 5-6-2024 Intel Guru MarkZ [via PDK] I did have multiple bankers over the weekend get notified and are beginning training today. They are “Training to handle foreign currency exchanges”. Some of the currencies mentioned are exactly what we are holding...And they are being trained on them...They need to know the security features on the various bills in order to verify them on site. That is what they are training on... NOW - THIS WEEK-IMMEDIATELY!!! These are banking people who have never been trained before…these are some of the ones the banks had told them “No, this is never going to happen” and now suddenly the banks come to them and say “You have got to get trained now - this week - immediately”...Gave me a good warm and fuzzy feeling today. 5-6-2024 Newshound Guru Pimpy If the dinar were to go free floating that means the rate it will adopt is going to be the one that we see on the parallel market... 5-6-2024 Newshound Guru Paulette Community Comment: "On May 9th it has been announced that Iraq will become a FULL member of the WTO." I have not seen where Iraq has participated in the Third Round of negotiations...It took Iraq since 2004 to complete everything assigned in the First Round of negotiations. It was only earlier this year that they completed those requirements. They were given tasks in the Second Rd of Negotiations which they are in process of completing. They may be given tasks in the Third Rd of Negotiations also. The Third Rd is scheduled for "mid-year". I believe the only countries that have completed everything for the May 9th Ascension Ceremony are Comoros and East Timor.... 5-6-2024 Intel Guru Frank26 What the budget needs is for parliament to view the amendments that Sudani made and I pray one of those amendment is a new line item with a new exchange rate. 5-6-2024 Newshound/Intel Guru Walkingstick The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq. 5-6-2024 Newshound Guru Kaperoni Article: "Al-Rayes: The path of development is the first gateway to sustainable economic advancement" If and when the Iraqi dinar begins to float supply and demand based on Iraq's economic success will take over. Only with the success and growth of Iraq's own economy can the dinar go up in value. How fast and the pace are determined by those factors. 5-6-2024 Intel Guru MarkZ [via PDK] There was interesting money movement over the weekend according to my best group contacts. It is clearly positioned to go... 5-6-2024 Newshound Guru Militia Man Article: "Specialist: Floating the dinar is economic suicide" Them bringing up exchange regimes obviously...they're going to do something because why talk about it if it's not going to change. You don't. 5-6-2024 Intel Guru Frank26 there's no set date for this to happen. That's just the way it is. I'm sorry if you can't tolerate that, you should move on. But if you can tolerate what a speculative investment brings into you your life then you understand, oh my gosh...[Saleh] just told the Iraqis the Iraqi citizens that the exchange rate for our currency it's almost reached the official rate and once it does we're calling upon it to float... 5-6-2024 Intel Guru Wolverine Looks like all things are geared up for this coming week...the green light has been given. We will have a glorious upcoming week, and the notifications are coming out any day now... 5-6-2024 Newshound/Intel Guru Mnt Goat Article: IRAQ TALKS ABOUT PRODUCING ONE MILLION LITERS OF GASOLINE DAILY Quote: “increase refining capacity production rates and improve production in national refineries to reach self-sufficiency and gradually shift to exporting them to global markets..." Well…well…its about time that Iraq got these refineries up and running. Lots of articles about this effort over the last ten years. Did I hear of another export product here?
5-5-2024 Intel Guru Frank26 There was a meeting two weeks before that massive entourage meeting that went to DC...They told you we're going to DC to deliver the monetary reform. There was the new exchange rate. They agreed upon it...and went back home and told contractors we're going to rewrite your contracts with that new exchange rate...When they were all done with that...they flew to Washington DC, they delivered the message...and spent over two weeks with powerhouses that are going to build their economy.
5-5-2024 Newshound Guru Militia Man Non-oil revenues...Iraq has the largest sulfur deposit in the world. They can tap into that. It's going to be part of their non-oil revenues. The amount of natural resources Iraq has is off the charts. Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken. 5-5-2024 Newshound Guru Kaperoni For many years now the process for countries is to create the conditions for economic success, then change their monetary policy to allow their currency to float. Flotation allows a country's currency to ascend or descend based on supply and demand as a result of that success. The success of Iraq's exchange rate and currency then is a direct result of the economic success within Iraq. The potential is excellent providing Iraq continues to move forward and progress and create the conditions necessary for economic success and growth. 5-5-2024 Newshound Guru Paulette Question: "Is Iraq still on point to enter the WTO on may 9th?" Iraq has not yet passed the required Product Protection Act and the Steering Committee doesn't even meet again until "mid-year". 5-5-2024 Intel Guru Frank26 When the float starts all heck is going to break loose because the value of your currency will literally climb on a daily basis until the CBI feels they have reached the real effective exchange rate...We believe they will start at $1.30 to $1.50 IMO and the cap it somewhere between $3.86 and $4.25. 5-5-2024 Intel Guru MarkZ [via PDK] Article: “Kuwaiti Dinar to US Dollar-Top 10 highest valued currencies in the world in 2024” This article was in the Indian Express. And the Iraqi dinar used to have that number one spot. Comment: I would expect Iraq to be worth more that Kuwait. MarkZ: Absolutely. And when Iraq was the most valuable currency in the world they had not yet developed their natural gas reserves…and were not pumping nearly as much oil as they are now. Every part of Iraq is now in better shape than when they had the most valuable currency in the world. 5-5-2024 Newshound Guru Walkingstick [Former Iraqi Bank associate and Iraqi bank owner #1 update] He just left Bagdad...he went to Hong Kong. What for? He's got banks he's representing the CBI with, out there. These satellite banks are everywhere. They want their 3-zeros back. They don't want them to go into anybody's federal reserves. 5-5-2024 Newshound Guru Clare Article Quote: "Saleh said...Calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments and not in an economy in which the rentier government sector is dominant and generates currency reserves.” 5-5-2024 Newshound Guru Militia Man Article: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate." We've seen a few articles over the last week openly talking about the types of regiments that are exchange rate oriented, whether it's a fixed float or pegged etc. Saleh has spoken about it, he says it [floating] is dangerous ...the environment would not be good so it wouldn't be the best choice... Circumstances for the country of Iraq which is still primarily a rentier, which means oil based, it's best to have a fixed exchange rate... 5-5-2024 Intel Guru Frank26 Article: "Specialist: Floating the dinar is economic suicide" Economists are saying to the Iraqi citizens that a flotation is detrimental whereas the CBI Saleh, the advisor, the Financial Ministers, all these people are saying the complete opposite, 'we're about to float...why do you think we have all this stuff set up? Why are we following international laws? Why do you think we're article VIII? Why do you think we're going to be WTO is 7 more days?' Floating the dinar is suicidal? No it's suicidal for you. 5-5-2024 Intel Guru MarkZ [via PDK] “National bank of Iraq uses Temenos for core banking and payments” They have put into effect a well used banking AP from around the world. And they have gone digital at a record pace in their banking system. We were told this was necessary so they could pull the trigger - BAM. They want us to know they have updated their banking system. This is important to the process and here we see that it is done! 5-5-2024 Newshound/Intel Guru Mnt Goat I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. Like a game of chess, we are now in a waiting mode for the Central Bank to make their next move and rollout the second-rate change in-country to just over a dollar, that we were told is coming. Since they told us they now control the parallel “black” market, and that negotiations were successful in lifting sanctions on many Iraqi banks. Get caught up on past 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.
5-4-2024 Intel Guru Frank26 1 to 1 is not even worth talking about anymore. It may come at $1.30 to 1 or $1.50 to 1. I believe the cap of the REER may be around $4.25. Let's see what happens to my opinion.
5-4-2024 Newshound Guru Kaperoni It is highly unlikely that any bank will have anything to do with the dinar for quite some time. Banks are conservative by nature and the dinar could be quite volatile once they begin to float. In the past we have talked about market makers and ECNs. These could end up being the method to facilitate your currency investment or through an established financial institution such as JP Morgan. Time will answer these questions. 5-4-2024 Intel Guru MarkZ [via PDK] Float = Raise. There has been debate over the translation and about whether it will be a soft peg, a managed float or whether it will actually be a float at all. I think they have been clear they are going to peg it. But, it is confusing. 5-4-2024 Newshound Guru Pimpy My personal feeling is they are going to take the zeros off. Do I want Iraq to take the zeros off? No. I would hope they would leave it on and then revalue it with a higher exchange rate. That's what I'm hoping for. 5-4-2024 Newshound Guru Militia Man Rebuilding the country is not going to happen anytime soon with 1310...Obviously they've got something else in mind because they've already said they've launched the projects, therefore there's contracts involved. What the rates are with the contracts that's private information...They know how to keep things quiet until the right time... 5-4-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on television and he says it's time to float the dinar and get rid of the parallel market. FRANK: Well thank you Saleh! ...Sudani says get out there and clean this [we're not going to float] mess up...Of course we're going to float. FIREFLY: He says we have 10x the amount to support a new rate. FRANK: This is the man Sudani sent to you...He's telling these economists ...don't understand the agreement the CBI made with the US Treasury concerning the new exchange rate or they are being paid by you know who to put out false information. 5-4-2024 Newshound Guru Kaperoni I remind everyone just two weeks ago the Central Bank of Iraq announced that they plan to end the currency auctions by the end of the year. If that is the plan, they must have a replacement which is the float. 5-4-2024 Intel Guru MarkZ [via PDK] I think there is an excellent shot we will be done by the 9th... Comment: I hear tomorrow will be. a BIG day. MarkZ: I know a lot of people are expecting it on Sun or Mon… I don’t know if it will be tomorrow or not, but there is a tremendous amount of chatter...I am not hearing anything negative…everything is positive...All my contacts in Iraq are saying the trigger is now with the CBI and they are going to pull it soon. They are informing people …they are educating people and telling Iraqi citizens to be prepared for a change in value... 5-4-2024 Newshound Guru Clare Article: "Specialist: Floating the dinar is economic suicide" Quote: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate...adding that floating the exchange rate in the presence of a parallel market and large speculators, and the presence of people who own billions of dinars and others who own billions of dollars, will lead to a sharp decline in the value of the currency, high levels of inflation, and rising prices" 5-4-2024 Newshound Guru Paulette Article: "Specialist: Floating the dinar is economic suicide" As Saleh was stating but only stronger wording. 5-4-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The economists here are saying with so much on the line from the budget funding all types of investment in our economy they're saying the exchange rate will be fixed. It's not going to float because there's too many bad things that can happen with a float...Now we have another guy coming on the news saying floating the dinar is suicidal. FRANK: Hey, you don't want us to do that because that's what Sudani wants...because that's what the CBI agreed with the US Treasury. 5-4-2024 Intel Guru MarkZ [via PDK] ...they have started paying their retirees and disabled, welfare etc…they finally have money moving where it is supposed to on all those fronts. And all the progress they have made getting CBI salaries to people. They are completing everything they need for world trade and ascension, and all the settlements they have made to get out of chapter 8 after the invasion of Kuwait. Phenomenal progress has been made... Progress over the last 16 months has been stunning. |