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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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5-5-2024 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.
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. 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.
5-3-2024 Intel Guru Frank26 Question "Will the CBI website be down for hours when they change the rate?" No when they change the rate it'll be a push of a button electronically. Instantly the world will know about it. And it will be global news.
5-3-2024 Newshound Guru Pimpy You know what is scary? This is the honest to God truth, I could be literally shit-faced drunk, can't even have the ability to pronounce my name fully and still beat anyone in the dinar community in a debate. 5-3-2024 Newshound Guru Militia Man Think about the money to build a country let alone just the development road itself, all the industrial cities, commercial buildings, residential complexes, infrastructure, it's massive. It's so far too expensive, it just won't happen at 1310. They have to have a real effective exchange rate... 5-3-2024 Newshound Guru Samson "The Investment Parliament announces the imminent completion of the Industrial Investment Law" 5-3-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The completion of the Investment Law is on television. FRANK: That's big! That's Big! ...This is really good news. 5-3-2024 Intel Guru Wolverine “I just received great news from Brazil. It’s going to be the greatest transfer of wealth in the history of mankind. We will soon be crossing the finish line. Get ready. A lot of things are happening. There are a lot of people under NDAs. My sources, which include the Central Bank of Brazil, say it’s looking good. I have absolute faith we will have good news by Fri. 3 May. Everything is ready to go. Everyone is happy. I’m very confident that this is our week.” 5-3-2024 Newshound Guru Kaperoni Article: "The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an important condition” As I have mentioned numerous times, a float is coming for the Iraqi dinar. The question is.. when will they have sufficient diversification of the economy to support such an event? 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 the 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 flotation 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... 5-3-2024 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! |