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TheDinarExchange.com
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Militia Man
Militia Man – Dinar Guru Printing more dinars to cover salaries is not a rate move. It’s more local cash against the same pile of dollars. It usually means a weaker dinar and higher prices. Deleting zeros is not a richer country. … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru The governor of the Central Bank of Iraq has now publicly addressed the issue of changing Iraq’s currency and deleting the zeros…There appears to be two separate issues being discussed. 1) According to the governor, changing the currency … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru Today the [currency] operation met its first stress test…A currency change over has one weak point. Forget the printing, paperwork and parliament. The weak point is the morning every citizen decides whether to walk toward a [bank] counter or … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru Iraq faced its first bank run of the cleanup…Depositors crowded the doors of Al-Taif Islamic Bank in Baghdad demanding their money back. One woman told reporters she has 220 million dinars locked inside, about $168,000. A second crowd … Continue reading
Stephen
Stephen – Dinar Guru Article: “Central Bank Governor: As of today there are no international sanctions on the Iraqi banking sector” Can you say internationally accepted currency, internationally traded currency!? Ding, ding, ding. This article is critical…We now have an official CBI … Continue reading
Stephen
Stephen – Dinar Guru The truth is most employees at the banks don’t have a clue…I love my brother-in-law. I’m not taking a dig at him, but he is a branch manager out of Wells Fargo, and he knows nothing about … Continue reading
Clare
Clare – Dinar Guru Article: “The Finance Committee confirms that the Central Bank intends to print new banknotes in denominations lower than 250 Iraqi dinars” Quote: “He explained that the governor differentiated between changing the currency and removing zeros. He added that … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru When the rate is live, go to the private-client side of a large institution, not a retail branch. Chase Private Client opens near $150,000 in combined balances. UBS from roughly $2 million to $5 million; JPMorgan and … Continue reading
Samson
Samson – Dinar Guru Article: “CENTRAL BANK GOVERNOR : CHANGING THE CURRENCY IS WITHIN OUR AUTHORITY, AND REMOVING ZEROS REQUIRES LEGISLATION IN PARLIAMENT”
David
David – Dinar Guru It’s big. If you need proof go back to World War I, World War II, Korea, Iraq and eventually Venezuela and you’re going to see a pattern. We sanctioned them, there was conflict, we entered their country, … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru The Untied States just sanctioned a Turkish bank accused of providing Iran with a critical financial lifeline. Could Iraqi banks be next? The answer is yes…Reuters recently reported Iraq could become an example of how America pressures countries that continue … Continue reading
Clare
Clare – Dinar Guru Article: “Central Bank Governor: Changing the currency is within our authority, and removing zeros requires legislation in Parliament” Quote: “The process of reforming the banking sector is continuing in coordination with Oliver Wyman,” indicating that “there are no … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru Smaller Notes Only Mean One Thing. A note smaller than 250 dinars is worthless at today’s rate. A state prints one only when it knows the rate is about to change…Baghdad intends to print a banknote that makes … Continue reading
Stephen
Stephen – Dinar Guru Lower denominations are being discussed. It’s out in the public. It’s out in the forefront. This is an important piece of the puzzle. Article quote: “Iraq parliamentary finance committee says there is an intention to issue notes smaller than … Continue reading
Samson
Samson – Dinar Guru Article: “PARLIAMENTARY FINANCE COMMITTEE : THERE IS AN INTENTION TO ISSUE BANKNOTES IN DENOMINATIONS SMALLER THAN 250 DINARS“
Ariel
Ariel – Dinar Guru The rate change is a consequence of budget authorization, not a precondition for it…The budget is the trigger. Everything else follows from it… The Actual Order of Operations: 1. Council of Ministers approves the 2027 budget with redenomination language. 2. Parliament … Continue reading
Jeff
Jeff – Dinar Guru Question: “Are you of the idea that the revaluation comes after the reinstatement with the rate being set to float?” Jeff: It can’t float. It may be a managed float but not a massive float. Managed is only … Continue reading
Clare
Clare – Dinar Guru Article: “Iraq ‘cannot afford to take risks’… State administration warns of the repercussions of US sanctions” Quote: “On Saturday, the State Administration Coalition discussed completing the government formation, the draft oil and gas law, and the country’s financial situation, … Continue reading
Stephen
Stephen – Dinar Guru Why not have a little bit of fun with it and speculate here…In my head, I think it’s a range. I think it could be anywhere from 50 cents up to $3.72, somewhere in there.
David
David – Dinar Guru I’m not convinced Iraq is concerned with what’s being held outside its borders. It’s a worthless currency, hence the two rail system. When it comes to the revaluation…based on history…it is more likely going to be revalued than not.
Jeff
Jeff – Dinar Guru If you go back to the year 2020 when it devalued, they put out countless articles telling us it was going to be devalued and go down. They put all that out there, why? Because it was … Continue reading
Clare
Clare – Dinar Guu Article: “The Central Bank warns against fake news aimed at destabilizing the economy” Quote: “A short while ago, news spread on social media that the exchange rate had changed, and that the Central Bank had announced that deposits … Continue reading
Stephen
Stephen – Dinar Guru For as long as I have been involved in this investment there’s been rumors about banks having De La Rue machines, [And] if a bank does need a De La Rue machines to verify your currency…? The … Continue reading
Mountain Goat
Mountain Goat – Dinar Guru I talked to my CBI contact…and I was told this decision of 2027 is not yet final. She told me she cannot understand how they would even think about waiting that long to swap out the currency. This is … Continue reading
Jeff
Jeff – Dinar Guru Question “Do you think we’re going to have to have a receipt?” Let’s talk about this receipt crap…You need receipts to exchange your dinar is the biggest pile of horse crap. You don’t need it. If you went … Continue reading
Stephen
Stephen – Dinar Guru Are we going to have to trade in our dinars for [lower] dinars? Unless you’re living in Iraq, no. We are in this process to make a profit. We’re not here to exchange our old currency for new … Continue reading
Sandy Ingram
Sandy Ingram – Dinar Guru Many IQD investors have been told that when they experience a profit on their exotic currency investments there will be no taxes. One of the reasons for this misinformation is because when you exchange currency at an … Continue reading
David
David – Dinar Guru You cannot pass a budget unless you have an established rate…I’ve used the word float to contextualize what is going to happen with the Iraqi dinar. But at best it’s going to be a managed float. It … Continue reading
Reset Intelligence
Reset Intelligence – Dinar Guru The CBI sets and announces the rate… any morning it chooses. It does not need the budget, the cabinet, or a vote. That is literally the law: Central Bank Law No. 56 of 2004, Article 1/4/A, exclusive authority over exchange rate … Continue reading