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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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5-2-2024 Newshound Guru Samson Article: "The largest gas field in Iraq is close to seeing the light: a wealth that will reduce the import bill"
5-2-2024 Intel Guru MarkZ [via PDK] Iraq has been quiet since they told us to expect a rate change in their markets …and its now up to the CBI as to “when”. …then they went quiet...Quiet is not a bad thing right now...They did let us know recently that they have a new banking system prepped and ready to go. And they have distributed millions of cards to people to use for banking. 5-2-2024 Newshound Guru Kaperoni A country's currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq's economy can the dinar rise in value. 5-2-2024 Intel Guru Frank26 Question: "Do you have to change rates before May 9th ascension in the WTO?" No, you can have a membership in the WTO with a low exchange rate. That doesn't interfere with it. 5-2-2024 Newshound Guru Clare Article: "Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one” Quote: "Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one..." 5-2-2024 Intel Guru MarkZ [via PDK] Question: Could Iraq lop the zeros off and then what we hold is worth nothing? MarkZ: Sudani has said no. The man – Dr. Shabibi who designed the RV said no….Anyone in pretty much every level of authority in Iraq has said no. 5-2-2024 Newshound Guru Pimpy Some of the bigger points we see inside the Iraqi dinar community such as, 'Let them reinstate the exchange rate to $3.22 the old rate.' That's not the old rate. That's been a myth for a long time...The $3.22 rate was there but that was not the one they left when it became a devalued currency. It was something like $1.52. The other one [myth] is the hydrocarbon law that once it passes then the Iraq citizens are going to get payments. They're not going to get payments. Read the law, nowhere does it say they're going to get payments. 5-2-2024 Newshound Guru Militia Man Everything is falling in line for Iraq to go international. You haven't see the salaries paid yet...you haven't seen the oil start pumping yet into Turkey...Why? Because they haven't shown us or exposed an international real effective exchange rate. That's my view on it. 5-2-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency. He says Iraq now has a soft peg and...the float is not necessarily as a fixed rate... FRANK: The monetary reform education is explaining the reason why you don't need a basket...They are also expressing you don't need a float. That's because your reserves are so powerful...But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level. They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar. 5-2-2024 Intel Guru MarkZ [via PDK] Well some chatter from another different contractor that is hearing the same as the previous contractors. So, multiple confirmations that are hearing a range of rates from the mid to upper $3.s...They work in different industry’s in different companies….and they think it will be extremely soon
5-1-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is saying the start of implementation of the government and banking reforms has started. FRANK: Woohoo! ...The new exchange rate is the pivotal role they are about to give them...
5-1-2024 Newshound Guru Pimpy Community comment "Parliament doesn't have to vote on a budget..." They do whenever you make amendments or changes...If you're going to change something in there you have to vote on the amendments... Community Question "So you're saying if they're gonna change the exchange rate on a budget they have to vote on it?" That's correct. Yes. 5-1-2024 Newshound Guru Clare Article: "On a tour that included Karbala, Babylon, and Ur... Two American tourists: We felt completely safe in Iraq" Quote: "Hudson and Emily Crider, travel the world on a mission to explore each country and document its cultural experiences...In a series of more than 20 videos, the Criders detail what it's like to be an American tourist in Iraq, offer travel tips and debunk misconceptions about the country...They said: As Christians, we found (Karbala) a wonderful city to see and the people were very welcoming. It is really special that they allow people of all religions to come here and learn more about their beliefs.” 5-1-2024 Intel Guru MarkZ [via PDK] I have had a number of contractors in the last day or two tell me that they were told to prepare for between $3.60 - $3.90 [for the dinar]… 5-1-2024 Guru Nader From The Mid East The budget have to be approved by the parliament...Sudani cannot make a decision by himself...The budget doesn't have to be approved by parliament...it's not true. They have pass by the parliament and parliament have to vote for it. Any changes on that budget the parliament have to agree into it and have to vote for it and have to sign it and send it to Sudani and then the president of Iraq...It is active yes but not completely active. Any changes have to be approved by the parliament of Iraq. 5-1-2024 Intel Guru Frank26 The budget does not need parliament...The budget waits for the exchange rate. The exchange rate is not waiting for it or anything else...The budget is born without them... 5-1-2024 Newshound Guru Militia Man When you talk about drop the three zeros...Al-Sudani's goal is to bring purchasing power to the his citizens. When he said $0.76, that's purchasing power. It's not a lop. It's purchasing power. If you have a lop you don't have purchasing power, you just have a change in denomination...They're going to bring purchasing power to the citizens. All of that is happening before our eyes. 5-1-2024 Newshound Guru Pimpy Question: "If they delete the zeros will our dinars drop in value?" If you're in Iraq you don't lose any value...People who are invested in the Iraq dinar...EXAMPLE: Let's pretend like the new exchange rate has changed and you can get $1 US for every 1 dinar...If you had the 25,000 dinar, the 1 to 1 would be perfect without them deleting the zeros. That's because you would get $25,000 for your 25,000 dinar. But if they delete the zeros...your 25,000 dinar is now reduced down to a 25 dinar. Even if they go 1 for 1 that means you're 25 dinar is only worth $25. So yes, your dinar would drop in value if they delete the zeros before the change in the exchange rate happens. 5-1-2024 Newshound/Intel Gurus Walkingstick and Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq the CBI governor is on the television and he's talking about the banks and the financial inclusion. They are saying to us that there are changes coming...Iraq has just given us Identity Program. This will be launched next Thursday on the 6th...They called them Unified National Cards. WALKINGSTICK: Those are nothing more but identification cards because you're going to be needed them when you go into the bank to get your new currency. 5-1-1024 Newshound/Intel Guru Mnt Goat ...What will May bring us investors? I have to tell you that April’s news was amazing and I don’t know how the news can top last month except maybe give us what we are looking for. Am I saying its going to RV in May? Of course not...no one knows the date of this event...Does it seem that we are very close? Yes, it seems this is just around the bend and the finish line is in our sights. ...there is a huge glimmer of hope we could see the RV very soon. 5-1-2024 Intel Guru MarkZ [via PDK] Question: Anything new about the rate of the dong [Vietnam]...? MarkZ: I am hearing the dong rate could be in the $3+ range now. I hope this is accurate. When I first got in this I was hoping for .31 -.36 cents. Then I was consistently told it could be in the low $2 range…which would be spot on for a reinstatement. Now I am hearing it could be as high as $3.60 or so… That is what is showing on bank screens. I do not know if it’s a place holder rate…but it is showing up a lot. 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.
4-30-2024 Intel Guru Frank26 Article: "Will the agreements signed with the US Treasury reflect positively on the exchange rates?" Yeah because they want at least 1 to 1 but they never changed it. They kept it at 1320. I think they're going to come out at maybe 1 to 1.30 or 1 to 1.50 and then float...The only reason they ask this question is because they know the answer to the question!
4-30-2024 Newshound Guru Deepwoodz We used to get articles all the time about the need to pay salaries. I haven’t seen these much lately, if at all. Something else missing has been the START of new contracts and their costs...With the added 400 billion in new agreements Sudani spoke of. That’s billion dollars too by the way. Convert that to dinar if you like and see if you think Iraq has ever had that many dinar printed. Then we have the HCL rights which are defined in the constitution as well, but still nothing on paper. Obviously Sudani’s government is keeping a secret. I wonder what that could be? Wouldn’t these three items be dependent on a NEW value to their currency? I have no doubt. 4-30-2024 Intel Guru MarkZ [via PDK] Question: Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate? MarkZ: I hate to give dates…but there is a good chance it could go before then. Question: What does your gut say? My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days. 4-30-2024 Newshound Guru Pimpy [Response to Breitling post below.] To strictly say the sole reason they added the three zeros to the Iraqi dinar is policy based inflation is not accurate. Yes, it was the central bank of Iraq that devalued the currency...[and] added the 3 zeros...The first gulf war you can see what the inflation rates were. 1991 - 180%. That's really high. '92 - 83%. '93 - 207%. 1994 - 448%. 1995 - 387%. When you average all these thing up, by the time we got into re-denomanating the currency and the new Iraqi dinars were created getting away from the Saddam notes and Swiss dinar to the currency we have today all these things contributed to it. Hyperinflation, mismanagement, all those things played a key part. So there is no one thing that happened. 4-30-2024 Newshound Guru Breitling The threat of a lop is still the same as when I got into this investment...The lop question is based on hyper-inflation ...verses policy inflation. The Iraqi dinar is stable. It goes up, it goes down but it's not major like what Zimbabwe and these countries where it was massive inflation. No body could control it. Iraq has complete control of the Iraqi dinar ...The Iraqi dinar is a completely different ballgame. It's not hyper-inflated because of the markets. Iraq doesn't have a customer problem...production problem. Iraq has a policy issue. The people at the top know what they are doing. 4-30-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Drone strike at Iraqi gas field kills four. The crooked are trying now to make it seem unsafe to invest. Trying to stop this revaluation. FRANK: Ugly people do desperate things but stay strong. You know it's coming. 4-30-2024 Newshound Guru Jeff Article: "Parliament expects the arrival of the 2024 budget schedules" Quote "...There are efforts to guarantee the right of many segments in the items and schedules of the 2024 budget but they cannot be judged without waiting for the numbers they contain." The rate has to change before parliament can approve the amendments to this budget. This is why I showed you the final countdown a few days ago because I knew this was coming forward and here it is for you... 4-30-2024 Guest Guru PompeyPeter Sudani has said on several occasions talked about commencement of the reconstruction of Iraq in the month of April. Salih the economic advisor talked about them spending 50% of GDP in April. Well he said within two weeks which would take us to the end of April...In order for those things to happen it means the investment side of the budget has got to be opened. They're not going to be doing all these things at 1310. We know the contracts cannot be written in dollars anymore. They're in IQD. Again these things are not going to be done at 1310. 4-30-2024 Intel Guru MarkZ [via PDK] Question: Did Kuwait revalue over night? MarkZ: I believe they revalued mid morning. Around 10:30 or 11:00... I am confident it was daytime because the very same day it revalued…they ran articles in the papers that they were not ready to RV for months…maybe years. Then “BAM” they released it. That’s why I warn you guys about all the smoke and mirrors…Don’t jump off a cliff when you see stories like that. Just wait. 4-30-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: No word yet on the budget thus we thinking it will never get there first without the CBI popping the rate first then goes to parliament. FRANK: Yes, 100%...You cannot launch a rocket without fuel. You cannot launch this budget without the exchange rate... 4-30-2024 Intel Guru yada As far as Im concerned, they've done all they needed to do and like a funnel, need the rate release to get to the other side...Im of the mind the IMF has given the rate to the central banks and just a matter of coordination of releasing the rate world wide. That is what we are looking at now...I think we are in "Set" position before they fire the gun to go. 4-30-2024 Newshound Guru Militia Man Quote on X [Formally Twitter] There's some information out there today that says the Central Bank of Iraq's governor has advised citizens to get ready for a currency exchange...Whether it's true or not we're going to find out...The reason why I bring it up is because that kind of to be expected, they're having financial inclusion...they're talking about that. |