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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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5-3-2024 Newshound Guru Pimpy Question: "Will the Vietnam Dong ever RV?" They have been clearing up a lot of their corruption over there and they are on a huge sweep. It's IMO that they reason why it is where it is as far as value is concerned is because of these corrupt politicians. If you get rid of them, there's a good chance whoever is in office will allow the Vietnam dong to go up in value.
5-3-2024 Newshound Guru Militia Man Article quote: "The dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met..." This is a topic that's been out there...fixed exchange rates...They're talking about a new exchange rate...fixed exchange rate or floating exchange rate. They're talking about it for one reason, because a new exchange rate is coming...A. Are they going to float the currency? B. Are they going to peg it to a currency or a basket of currency and fix it?... 5-3-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on the television right now...saying that the parallel market is almost at the official exchange rate and that is the rate they're seeking. He calls on a floatation of the dinar saying to us this will get the rate where it needs to be. FRANK: Oh my goodness it doesn't get any better than that...This is a deeper explanation to you Iraqi citizens on the next steps of the monetary reform the CBI is accomplishing with you. All of this was the result of the agreement from the CBI meeting at the US Treasury... 5-3-1024 Newshound/Intel Guru Mnt Goat In what they have already accomplished just in the last 16 months, it would be silly to turn back now. Amazing progress in such a short period of time compared to 30 years. They have come further than ever before. I say this not for hype or for the sake of being overzealous. Instead, I stick to the FACTS of what the news has been telling us recently and what my CBI contact has been telling us...Iraq has kicked the proverbial can down the road long enough and it is time...time to go global...Iraq will not survive unless they do something BIG with their currency soon and I mean very soon!
5-2-2024 Intel Guru Frank26 If...you only have 500,000 dinars, [a bank's] wealth management department probably won't talk to you. That's why you need a team. Now the wealth management department is your team. They got the lawyer...trust funds...they can even collect taxes...They got everything you need in the wealth management department of a bank. There's your team. But I also want to caution you. Chase Bank is in cahoot and partnership with JP Morgan... JP Morgan answers to the bank. JP Morgan does not answer to you. You must make the decisions that JP Morgan brings you as options...So as much as you may say, 'Okay I'll use the team the bank has.' Just be aware that that team works for the bank not for you and at your expense they will make a profit for that bank.
5-2-2024 Newshound Guru Pimpy Question: "What do you think would be the ideal exchange rate for the dinar?" You need something that's right in the middle...1 to 1 exchange rate would be right in that sweet spot. Enough to where they get more purchasing power on their imports but also still be competitive on the market with their exports. I would say 1 to 1 exchange rate would be the perfect location. 5-2-2024 Newshound Guru Militia Man Community comment "May 9th WTO" The reference to that date is on the WTO calendar as a non WTO working day. 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 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.
5-1-2024 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. |