Iraqi Dinar | Latest Iraq dinar recaps & updates (2024)

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Dinar Gurus' Official Master List of Possible Major " To Do's ":

1. Moved to IMF Article VIII
2. HCL passed/imp. [Temp 11/2014] [agreed in spirit 12-2014]
3. Erbil Agreement Impl.
4. Election Law (DONE! 12/2013 | Amend Dec 2019)
5. UNSC Chapter 7 (Done?? summer-2013/ Dec/2017 moved to ch VI?? June-2018 Resolution 1487:CBI released from Sanction list. Voted 2-22-2022 Resolution 2621. 8-12-2023 - Iraq appears out of Ch VII but U.S. has not release them)
6. UNSC Chapter 6 (began 12/2017 ?)
7. Article 140 impl. (Supreme Court Support 5/2018 - mustimpl.) (8/2019 Federal Court clarifies constitutional force)
8. Economic/Banking laws passed (more needed)(12-2017)
9. Investment laws (Voted! 10/2015 Printed 1/2016)
10. Power Sharing (Done!! 10/2014)
11. Internationally accepted Dinar
12. GOI Seated (10/2014) [Done - Fully seated 6-6-2020]
13. Tariff Law (partial)
14. CBI & Market rate within 2%-90 days (start ~Mar. 15 2018? Nation wide start ~Nov. 2018)
15. E.O 13303 (Done 12/2017 - Biden renewed May 2023)
16. Law of Financial Administration/Financial Management Law (First vote May 2019) | Amend Dec. 2019
17. CBI Auctions Stopped (partly Done - June 2020?)

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5-30-2024 Newshound Guru Clare Article: "Economist: The budget is not affected by the dollar exchange rates... and explains why" Quote: "...because Iraq will receive the dollar from oil exports, and on the contrary, revenues increase with the increase in dollar prices globally...market obligations are dealt with in the Iraqi dinar, and there is no dealing in the dollar, and the budget is built primarily on the Iraqi dinar and not on the dollar, so the budget is never affected by the dollar exchange rates.”

5-30-2024 Newshound Guru Militia Man Article quote: "If we assume the Central Bank issues a new currency this will not affect the exchange rate of the Iraqi dinar." This guy is not wrong...It won't in my view. The exchange rate will affect the new small denominations though...If they change the value of the exchange rate by dropping the three zeros, therefor the new denominations will be affected by it, which will be value. It's pretty simple.

5-30-2024 Intel Guru RayRen98 NOTICE: ALL SYSTEMS ARE "GO" FOR TODAY...LET'S SEE WHAT HAPPENS. TIME WILL TELL...SOME BANKS SAW "PENDING" RATES ON WEDNESDAY.

5-30-2024 Newshound/Intel Guru Mnt Goat

...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks... Let’s sit tight and watch this play out.

5-30-2024 Intel Guru MarkZ [via PDK] Question: I wonder -will the iqd be stronger then the Kuwaiti dinar? MarkZ: ...Sudani and others have mentioned over the last few years the dinar will be “back to its former glory” as the most valuable currency in the world…. So if its going to be the most valuable currency in the world…it would have to be higher than the Kuwaiti dinar...

5-29-2024 Newshound Guru Pimpy Article: "Central Bank of Iraq denies issuance of new 100,000 IQD note" Someone designed this...and posted it as if Iraq is going to release a 100,000 dinar. That's going in a total opposite direction of what we want to happen. That would mean there's hyperinflation out there so bad that they had to create a 100,000 dinar note. It got so out of control the Central Bank had to respond...Make sure you spread the word this is not a real currency...the 100,000 dinar note is fake.

5-29-2024 Newshound Guru Samson Article: ”Expert: The Iraqi economy is witnessing remarkable growth, which was contributed to the decline in the dollar exchange rate"

5-29-2024 Newshound Guru Militia Man 1320 that's where we're at - the official exchange rate. If they were to adjust and drop the three zeros, what's that become? 1.32 to the dollar...That transition can happen in a fast and furious manner...The least amount of shock to the markets that's when it could occur...

5-29-2024 Intel Guru MarkZ [via PDK] Question: Mark, do you still feel that this has truly started and cannot be stopped? MarkZ: I absolutely believe this has started and cannot be stopped.

5-29-2024 Newshound Guru Harlequinc3 I personally only believe it [Removing the three zeros] means removing 3 zero notes from circulation [not three zeroes off the exchange rate] to avoid the dreaded L-word [LOP].

5-29-2024 Newshound Guru Clare Article: "Expert: The Iraqi economy is witnessing remarkable growth, which was contributed to the decline in the dollar exchange rate" Quote: "30 financial measures, which had a positive impact on dealing in the Iraqi dinar instead of the dollar, when transactions in the Iraqi dinar in the country are now estimated at 90%"

5-29-2024 Intel Guru MarkZ

[via PDK] “Futures slide as bond yields spike to a 3 week high” We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live. This bond market is in shambles. I was always told to watch for this just before the reset…and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line.

5-29-2024 Newshound Guru Pimpy Article: Central Bank of Iraq quote "There are no current plans to print new currency." What that tells me is people don't have to worry about a lop or redenomination because in order for you to have a redenomination or a lop you have to create new currencies. It also tells me they're not creating the lower denominations which means they're going to stick with the currency they currently have. Some people see this as the glass half full. Some people look at it as the glass is half empty.

5-29-2024 Intel Guru Frank26 There's an article that says, 'We're not going to come out with the the lower denominations because it won't affect the exchange rate of the Iraqi dinar.' What are you stupid? I'm talking to the media. The media is owned by the far nasty side and they don't want this to happen. They don't want anyone to know about the monetary reform success so they put out information that a little misleading...Of course they're going to come out with lower denoms...remove the three zeros..

5-29-2024

Newshound Guru Kaperoni Community comment: "Today the cbi says there are no new printing of bills" That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes.

5-29-2024

Newshound Guru Samson Article: “Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate”

5-29-2024

Intel Guru MarkZ [via PDK] This article is directly from the CBI “IMF reports it’s consultation with Iraq on Article 7 for 2024” They want us to know how exceptionally things have gone. How they have changed the reserve requirements and how Iraq has already met the reserve requirements.

Banks in Iraq are much safer than US banks. This is part of moving to phase 2 of the white papers and economic reforms. What is also in those reforms is an increase of the purchasing power if the dinar. This shows the clear progress they are making.

5-28-2024 Newshound Guru Militia Man If you raise the value of the currency it's going to have a ripple effect...Instead of being a pebble...or a brick in the pond this might be a boulder. There's going to be some waves. The World Bank, IMF, US Fed, US Treasury...Bank of International Settlements, everybody's going to need to know what you're going to do and when you're going to do it and pretty close. They're not going to be broadcasting it like everybody thinks, 'What's the date and what's the rate?' That's not how it works. But we study it close enough to where...we can see it can't be far off...

5-28-2024

Newshound Guru Kaperoni The dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.

5-28-2024 Intel Guru MarkZ

[via PDK] Now this video came out about the 20th of April but its important. Sudani is on TV having a discussion and an Arab translating and Sudani is saying “We are increasing the rate. This is what we are working on” Increasing the rate and the value of the Iraqi Dinar. Sudani is telling us. This is straight from the horse’s mouth.

5-28-2024 Newshound Guru Clare Article: "Experts expect the dollar exchange rate to fall and reach parity with the official price" Quote:

5-28-2024 Intel Guru Frank26 Everything is being done in an expedited manner. But unfortunately it's expedited Middle East manner...You sign a contract in the Middle East, that doesn't mean that it's going to be activated on the day that you sign it, nor tomorrow, nor the next week, nor the next month. It is activated when they say so. Why? Because you need what they've got...You got to go by their rules. They have to move by their quicksand pace. I'm sorry, that's all there is to it. You have witnessed it. You have experienced it. You have tasted it by being involved in the monetary reform investment...

5-28-2024 Newshound/Intel Guru Mnt Goat The train is moving faster down the tracks now than ever before..

5-28-2024 Newshound Guru Deepwoodz

Surely everybody that puts just a little bit of thought into this understands that the biggest announcement in Iraqs history will come with all the who’s who, all the wannabe’s, and all the news organizations, celebrations in the street...etc...in one place with horns blaring to make the RI known to the citizens and the rest of us shortly after.

5-28-2024 Newshound/Intel Guru Fnu Lnu It had to be trillions. Much to my surprise, the jet was eventually cleared to take off. However, it was no surprise to hear the jet was registered to Nuri Al Maliki. The jet landed in Zurich Switzerland where it was then seized and the Dinar confiscated. Some may remember an article stating that Switzerland repatriated a large number of Dinar to Iraq but the article was scant on details. When one considers all these scenarios, it would seem that there is far less Dinar in circulation that 90 trillion. It may well be half that amount. IMHO. [Post 2 of 2]

5-28-2024 Newshound/Intel Guru Fnu Lnu

Much has been made of the number 90 Trillion. This is the alleged number of Dinar at large...I do not believe this number is valid and here's why. 1) There are always casualties such as fire & natural disasters. 2) We know there has been an effort, for years, to coax three zero notes out from under mattresses, with some success. 3) We know stolen Dinar have been recovered in very large amounts recently. 4) Here's the biggie: I saw a video some years back, where a jet was seized attempting to leave the country, and it was stacked from floor to ceiling with coffin sized cases full of Dinar. [Post 1 of 2....stay tuned]

5-28-2024 Intel Guru MarkZ [via PDK] This is pure gold this morning… Article: “US Ambassador praises Iraq’s official adoption of E-Payment system” This particular US ambassador is well known as the “Ambassador of re-valuations” She usually gets sent to whatever country whose value is about to change. She is there in Iraq right now.

5-28-2024 Newshound Guru Pimpy I agree it's going to happen. I don't have doubt about that. I'm just keeping an eye on whether or not they want to delete the zeros.

f they go to a free floating market hopefully there won't be...deleting the zeros and we'll see the exchange rate go up pretty quick before they have time to respond...

5-28-2024 Newshound Guru PompeyPeter It [the increased and large 2024 budget and deficit] clearly tells us they got to change the exchange rate from 1310 and they have to have an international rate...All of this enormous infrastructure and development and world connectivity that we see in front of us...

5-28-2024 Newshound Guru Militia Man If they're going to have liquidity and they don't have it now it's going to require new small category denominations to be in circulation. Just as al-Alaq's project to delete the zeros would require new denominations. Did they do that in 2018 and have them in storage? I believe they did...

5-28-2024 Intel Guru MarkZ

[via PDK] Community Comment: Frank26 said the parallel market is now even with the official market and we are ready to go to 1 to 1. MarkZ: That makes sense to me. We have been looking for parity in the parallel market and official market …a number of Iraqi sources would agree with that. That is their goal before they move to their next step, which should be a substantial value change. That is according to them in the white papers and monetary reform papers.