Militia Man – Dinar Guru There’s a push to go digital. It’s time to dry the dollar up. The process has been underway for many months now…The US stopped shipments quite a while ago. Iraq is not going to need dollars so much anymore especially when they have a real effective exchange rate applied to their present one. Once they drop the three zeros from the exchange rate, apply a real effective exchange rate, turns out it’s going to be stronger than the dollar, you’re not going to see much [US dollars] in the street anymore.
Samson
Samson – Dinar Guru Article “The US has stopped sending cash dollars to Iraq. Is this the beginning of a blockade?” Quote “Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq…”
Samson
Samson – Dinar Guru Article: “The Minister of Finance reassures Parliament: The government is seeking to submit the budget schedules as soon as possible.“
Clare
Clare – Dinar Guru CBI Announcement: “Tender announcement for the supply, installation and operation of Iraqi and foreign currency counting and sorting machines” Quote: “The Central Bank of Iraq announces the re-announcement of the public tender numbered (2025/1) which has been repeated for the second time and is related to the supply, installation and operation of machines for counting and sorting Iraqi and foreign currency (dollar and euro) with a number of (68) machines, with (35) machines for the bank’s branch in Basra and (33) machines for the bank’s branch in Mosul…at a total estimated cost of (1,186,600,000) Iraqi dinars (one billion one hundred and eighty-six million six hundred thousand Iraqi dinars) and from the planning budget of the Central Bank of Iraq for the year 2025…“
Sandy Ingram
Sandy Ingram – Dinar Guru An unbelievable event happened in Iraq. Article: “Iran-backed Iraqi militias consider disarming amid threats from Trump administration” Fighters who have carried weapons for decades cast them into the fire in the name of peace…The Untied States wants Iraq to stop these militias and help keep the region peaceful.
Samson
Samson – Dinar Guru Article: “Tender announcement for the supply, installation and operation of Iraqi and foreign currency counting and sorting machines“
Militia Man
Militia Man – Dinar Guru We can see all the different things Iraq has done. They have all new systems in place…You’ve got e-government systems, all the electronic payment systems, the key cards, the national cards, all of that. You see all of those things…If the ‘mechanism’ was going to be 1310, why didn’t they just turn it on? Because they clearly have it. You have all these…IMF…Bank of International Settlement… United States Treasury…the Arab League, the Arab Monetary Fund all giving approval…but yet they still haven’t triggered it at 1310…It doesn’t seem like it fits.
Clare
Clare – Dinar Guru Article: “The dollar exchange rate fell in Baghdad markets on Monday morning” Quote: “the purchase price was 138,750 dinars for $100.” [Dinar Guru Note: That’s 1387.5 to 1]
Mountain Goat
Mountain Goat – Dinar Guru There will NEVER…EVER be two different IQD rates…To conduct the Project to Delete the Zeros the CBI will make a very significant rate change close to a dollar either way. Then later when the dinar does reinstate whatever rate that is on the global currency exchanges will apply both inside and outside Iraq.
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Clare
Clare – Dinar Guru Article: “For the third consecutive month, the Central Bank of Iraq saw a significant decline in dollar sales“
Militia Man
Militia Man – Dinar Guru Article quote: “…direct channel linking importers with American products and in turn enable American investors to enter the Iraqi Market.” So one of the largest economies in the world is going to join and partnership with Iraq? Really? At 1310? They’ve been involved for a long time…The largest stockholders in the world have been involved with Iraq to get them to where they are today…
Sandy Ingram
Sandy Ingram – Dinar Guru Some investors believe if Iraq is accepted under Article VIII of the IMF agreement the dinar could gain more value. Also if Iraq continues to limit the black market and strengthen official exchange channels it could boost investor confidence… Article VIII is another reason international bankers have laughed at IQD investors. International bankers are not laughing so hard these days as they see Iraq has support in the White House and the keywords IQD, Central Bank of Iraq and USD/IQD exchange rate receive over 1 million searches a month on search engines.
Samson
Clare
Clare – Dinar Guru Article: “The Federal Court postpones consideration of the Kurdistan employees’ salaries lawsuit until July 28“
Militia Man
Militia Man – Dinar Guru Article quote: “Federal Court postpones consideration of the claims of salaries for the Kurdistan employees to July 28th“. We were expecting Monday July 14th to be a day where they were going to see a court case…The Kurds have been sandbagging for quite a long time…If they cut a deal I would imagine the Federal Court would drop those cases…I’m not sweating having them push the court case out.
Mountain Goat
Mountain Goat – Dinar Guru Statements made by the US State Department…urged Baghdad and Erbil to resolve their disputes through constructive dialogue. She emphasized that settling the Kurdistan Region’s salary issue would demonstrate Iraq’s commitment to a stable investment climate, while also paving the way for broader cooperation—such as reopening the Iraq-Turkey pipeline and expanding energy projects with US companies. I am telling you that these issues matter and by resolving them Iraq can show they… are ready to work in the global community. This is what the U.S. is looking for. It’s called STABILITY.
Militia Man
Militia Man – Dinar Guru Article quote: “…The policies of the United States Federal Reserve still casts a shadow over market activity and could lead to potential changes towards an increase in the exchange rate in the future. Any external escalation or sudden challenges or change in global monetary policies could quickly reflect in the financial markets in Iraq” This
is true to me what they’re saying, an exchange rate could happen in a moment’s notice. It should not be surprising whatsoever…A revaluation is in the wind…
Sandy Ingram
Sandy Ingram – Dinar Guru Iraq is not sweating the new 30% US tariffs because their main export, oil, isn’t affected. It’s like they got a get out of jail free card for their $4.5 billion annual oil trade…
Pimpy
Pimpy – Dinar Guru There’s been a lot of talk about the tariffs and the fact that Iraq has 30% tariffs slapped on it. What does that mean for the Iraq economy? What does that means for the Iraqi dinar? …It doesn’t mean a whole bunch…the primary import from Iraq to the United States is petroleum. That happens to be magically exempt from any tariffs…Seems to me Iraq doesn’t really have a lot of concerns when it comes to the tariffs being slapped on them from the United States.
Clare
Clare – Dinar Guru Article: “The Central Bank of Syria “ignores” the Iraqi dinar from its exchange rate bulletin.” Quote: “According to a document monitored by Baghdad Today, “The exchange rate of the Syrian pound against foreign currencies, according to the official bulletin of the Central Bank of Syria issued this morning, is devoid of the Iraqi dinar.”
Militia Man
Militia Man – Dinar Guru [Today] is going to be a big day. You have the Fed now [Today] and you have the court case with…the Finance Minister and Sudani in the Federal Supreme Court, the FSC.
Militia Man
Militia Man – Dinar Guru Article “Iraq increased their gold reserves to over 145 tons” That’s a report from the World Gold Council…That’s a lot of gold…Remember for valuation of currencies they take into consideration what you have in assets in gold…
Sandy Ingram
Sandy Ingram – Dinar Guru Crazy economic report from the IMF about Iraq…It’s wild. The IMF basically said Iraq’s economy is stable, but it’s slowing down outside of oil. They’re telling Iraq to make big changes or face serious budget problems. They want Iraq to increase taxes, cut government spending…and boost non-oil businesses. It’s like telling someone to eat 30% less, exercise 2 hours more daily and get a 50% better job all at once…Iraq might not even care about this advice if they decide to float their currency. They’re already destroying old banknotes to switch to digital currency.
Samson
Samson – Dinar Guru Article: “Focusing on legislation… Al-Sudani forms the largest parliamentary bloc” Quote: “The Reconstruction and Development Bloc within the House of Representatives, comprising more than 50 MPs, has been announced.“
Militia Man
Militia Man – Dinar Guru There’s some specific things are taking place and they’re transpiring. We got the salaries, oil…Fed wire system coming up in the next couple days…the court case on the same day…Remember they extended Fed Wire ISO 20022 out from February/March range to July 14th…I find that convergence fascinating…For all those out there that think that they’ve heard this before, I smile and wave and shake my head.
Mountain Goat
Mountain Goat – Dina Guru …what we really want to see is the use of the dinar to pay for imports and thus the demand for dinar by other countries as a currency of some value. Right now, Iraq does send their dinars to some of the correspondent banks to pay for imports but this is still limited as many banks still want US dollars directly. But the conversion process (exchange of dinars for dollars) process is taking on steam and is rolling forward…
Kaperoni
Kaperoni – Dinar Guru Article: “IMF sounds alarm bell over ‘economic collapse’: Iraq needs reform, not slogans”
Pimpy
Pimpy- Dinar Guru There is no, ‘let’s get together in a group and we’ll do our dinars together so we can get a different exchange rate.’ You cannot negotiate the exchange rate. The only people that have access to negotiating on an exchange rate…are banks. You’re not a bank. You’re not a banker. You can’t go in there and negotiate a better exchange rate. That’s false.
Clare
Clare – Dinar Guru Article: “Al-Hassan from Karbala: Iraq is not a poor country and is open to foreign investment.” Quote: “Iraq is not a poor country, but rather a country of goodness, with trained, educated and cultured human resources, not only at home but also abroad. Iraq has scientists of both genders, even at NASA, and they are distinguished. He added that Iraq has distanced itself from the surrounding political problems, and in light of that, we only expect to see a strong Iraq with a regional and global standing.“