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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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5-8-2024 Intel Guru Frank26 No one knows how much time you're going to have in order to trade in the 3 zero notes. But the IMF does regulate all central banks and forces them to give a time frame. That last time this happened with the Iraq dinar was about 10 years ago. The 50 note. The CBI came out and said we cancel it...They gave everybody 3 months. Now they're all null and void. You can't exchange for anything.
5-8-2024 Newshound Guru Kaperoni Over the last few weeks Iraq is perpetuating that they are now moving forward with diversifying their economy in opening their financial system to the world. We will have to wait and see if they have made the necessary steps for those results. 5-8-2024 Newshound/Intel Guru Fnu Lnu I have heard repeatedly, ad nauseam, about bank redemption centers being trained to recognize counterfeit Dinar...There is no such training being done...PERIOD! ...De La Rue provides...computerized equipment that will authenticate and verify banknotes for 140 different countries. No human eye can be trained to see the hidden security substrate and embedded features...One merely needs to be able to feed currency into a machine and it will do the rest...The banks have been using this machinery for years and have been well trained to do so. There is NO training going on. 5-8-2024 Newshound Guru Pimpy You guys got to be careful. When everybody's like, 'Oh, yeah we want the deletion of the zeros'. Oh no you don't. No you don't...You're all cheering it on. I was like no, don't cheer it on. That's not a good thing for us as investors. I know they're out there swearing up and down that it's off the exchange rate but it's not. The zeros come off the currency. 5-8-2024 Intel Guru Wolverine [via Judy Byington] “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.” 5-8-2024 Newshound Guru Clare Article: "After a break of more than 9 years.. the resumption of a government trade meeting between Iraq and America" 5-8-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries...They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market... 5-8-2024 Newshound/Intel Guru Walkingstick The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in. Phosphates...sulfur...diamonds...gold...silver...oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally. 5-8-2024 Intel Guru MarkZ [via PDK] The crackdown has been extreme on leaks …Which is probably the best news of the day. I personally think they are trying to keep things quiet right here at the finish line. 5-8-2024 Newshound Guru Samson Article: "After a break of more than 9 years...the resumption of a government trade meeting between Iraq and America" 5-8-2024 Newshound Guru Paulette Community Comment: "Iraq on May 9 ascends to FULL membership in the WTO" I hope you are correct regarding the WTO. However, the documentable facts and articles regarding this issue would say otherwise. Don't misunderstand, the documentable facts and articles are EXTREMELY positive. Iraq, under Sudani appears to be serious about becoming WTO members, opening the country to International trade, moving from a Rentier Economy to a Market Economy and finally implementing the Delete the Zeros Project. Everyone should be excited even if it takes months more to accomplish. 5-8-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They said our success is from the visit to the United States of America because it lifted almost all sanctions on our banks and others are close to being lifted too. FRANK: They also delivered the new exchange rate. 5-8-2024 Newshound/Intel Guru Mnt Goat Can you see just how close Iraq is to fulling Al-Sudani’s promise of making the dinar a proud national currency once again. Also remember too that he did say it “was” valued over a dollar already... 5-8-2024 Intel Guru MarkZ [via PDK] Question: Mark what is your gut on what the IQD will revalue at? MarkZ: My gut or GUESS is around $3.90 or so…just a guess.
5-7-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're talking about we Iraq, we're sitting on the largest warehouse in the world...sulfur. They tell us we are the largest supplier in the whole world of sulfur...This is another investment for our country besides oil.
5-7-2024 Newshound Guru Militia Man People are really excited because the data we provide supports that Iraq is having things ready to go and done. 5-7-2024 Newshound Guru Pimpy What's going to happen to the Iraqi dinar? Once it reaches an acceptable rate by foreign currency holders such as us, then you're going to flood the market with Iraqi dinars aren't you? Yes you will. If it gets anywhere near $0.25 per dinar, $0.50, a dollar, anywhere near there, people are going to start cashing Iraqi dinar in right away and you're going to flood the market because now there's going to be more dinars out there in the market flooding them, causing the value of the Iraqi dinar to drop. So IMO Iraq is not currently ready to have a floating IQD. 5-7-2024 Newshound Guru Dallasdude [Reference Guru Paulette from 5-6-2024 below] I totally agree with [Guru] Paulette on this WTO ascension ..as stated 1st round of task complete, second round of task is still a work in progress, fully expect the ninth to come and go with Iraq still on the outside looking in, good thing is they are determined to be a member and led by Sudani will get there eventually. 5-7-2024 Intel Guru MarkZ [via PDK] Question: A CPA told me if the currency is purchased to make money, it may be taxable. What do you think or know about that? MarkZ: ...we have 2 different articles from the state department/government sites on taxes. “There are no taxes or subsidies on the purchase or sales on foreign exchange” and they mention Iraq and Vietnam. One is from 2022 and the other one is earlier. Sounds like to me there are no taxes or subsidies on the purchase or sales on foreign exchange!!! This is of course if no laws change. [Dinar Guru Note: Consult your tax professional at the appropriate time to determine the correct tax for your unique situation. In the end the only opinion on taxes that matters is the IRS's.] 5-7-2024 Newshound Guru Samson Article: "Al-Sudani: Iraq is moving today to the stage of revitalizing the economy and consolidating sovereignty" 5-7-2024 Intel Guru Frank26 Who's forcing this monetary reform to come out/this new exchange rate? The citizens of Iraq? Sudani the prime minister? The US Treasury? They sure want a windfall don't they for the Federal reserves. The CBI? You and I? The answer is all of the above is forcing it. That's what's wonderful about it. We are all on the same page. We are all in cahoots. We all agree. 5-7-2024 Intel Guru yada ...the news is outstanding regarding the progress of the Council of ministers having approved the budget schedules. What is important...the rates were set with the US visit, council of ministers approved or amended the rates...all before Parliament sees it, WE are about to see the rates that the Parliament will see at the same time. All by design to keep them from interfering...Im expecting this evening into the morning to seeing our expected end. The world waits the release and I believe it is upon us. 5-7-2024 Newshound Guru Kaperoni It is critical to understand that if the Central Bank of Iraq plans to end the auctions by the end of the year there must be a new mechanism in place or there would be no method to maintain stability of the dinar. So for the central bank to announce that they plan to end the auctions they are in essence announcing, that they plan to float the dinar. Floating the dinar provides the new tools for the central bank to maintain stability. Therefore, this announcement to end the auctions confirms (despite what some may say), Iraq will float their currency. 5-7-2024 Newshound/Intel Guru Walkingstick You cannot have any restriction on your currency if you belong to the SAP. You cannot be on a program rate. A program rate is a restricted currency is it not? Sure it is...This is a very advanced system...The SAP has the same qualifications as the WTO. In fact SAP is part of the WTO...The restriction on currencies that the WTO says you cannot have is the same restrictions that SAP says...They run the same program systems. 5-7-2024 Intel Guru MarkZ [via PDK] I am...getting more confirmations from different banks that are testing to make sure their systems are ready…There are different banks practicing…even have some reports that they are practicing the call in process for us to make appointments. That is confirmed from a couple places. I’m talking they are training with full blown, sit down role playing process for exchanging as well...I feel we are much closer now that the rank and file in banks are learning this process and training as well. For those who think this is never going to happen...Why would they be training their staff on how to read, understand the currencies we hold and to exchange them if it weren’t going to happen? 5-7-2024 Newshound Guru Militia Man Article: "Iraqi Council of Ministers approves the 2024 budget schedules" The next step would be to take those schedules and deliver them to the House of Representatives. If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening. It's a nail biter... 5-7-2024 Intel Guru Frank26 It's going to float. It's just that there's no basket, that's all. 5-7-2024 Intel Guru yada ...this process moved beyond the needs of just Iraq, it had move to the benefits of the 84 countries with contracts with Iraq. The rest of the central banks with dinar in their foreign reserves. And the non-revenue income that will decrease Iraq dependence on oil from 95% do about 55%. Just one rate adjustment will have this impact. 5-7-2024 Intel Guru MarkZ [via PDK] Community Comment: I heard the dong [Vietnam] could be as high as $3.60. MarkZ: I heard that too…but I think it will be somewhere in the mid $2 range. 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.
5-6-2024 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? |