Nader – Dinar Guru   Something is happening this morning.  The float has been started guys.  It’s floated and we see what’s going on.  For now everything is calm.  Nothing is coming out.  The budget will come out this week.  Tomorrow I hope…they’re gonna announce it.  So get ready for everything…I want to say congratulations but not yet.  Don’t get all excited.  Keep grounded and just wait…

BGG ~ Pure speculation…

Mountain Goat – Dinar Guru   Article:  “IRAQ IS EXPERIENCING AN UNPRECEDENTED PERIOD OF STABILITY”  Go RV! Go RV! Yes, the STABILITY we all have been waiting for. Its here! This stability only came as a result that Al-Sudani is not going along with the goals of the Coordination Framework. Instead he realizes Iraq must progress forward and it is time. But these Framework politicians in Parliament are holding back and trying to delay once again…But we will see very soon what happens as June 1st is very near.

Clare – Dinar Guru  Article:  “For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq”  Quote:  “the return to the dinar will weaken the demand for buying dollars from the parallel market by up to 20%, which means reducing the demand for buying them and blocking the way for repeated speculation to raise prices and reap profits by some.“

Sandy Ingram – Dinar Guru  Article:  “Customs achieves the highest revenue rate during the first quarter of 2023”  Customs department is proving to be a high stream of income for Iraq in the first quarter of 2023.  Revenues amounting to more than 214 billion dinars from custom duty collections.  This equals around $163 million US dollar.

Pimpy – Dinar Guru  Article: “Kurdistan in Baghdad’s footsteps:  Demands to use the dinar exclusively in the real estate and car market”  This is a big move.  If you want to boost the confidence and value of your currency you really have to get out of the habit of using dual currencies.  We know over in Iraq they use Iraqi dinar as well as the U.S. dollar.  People trust the U.S. dollar more than Iraqi dinar.  If you take that option away from them and force them to start using the dinar it will strengthen the dinar especially in the exchange rate against the U.S. dollar.  How does that work?  [Post 1 of 2]

Pimpy – Dinar Guru  If you’re in the country and people prefer the US dollar they’re willing to give up more Iraqi dinar to have the U.S. dollar.  That’s why there’s a black market out there.  That weakens the dinar.   If you restrict the use of U.S. dollars then that means the demand for US dollars will decline and the demand for dinars will increase.  This will give the value more to the Iraq dinar…I would love to see Iraq take the same approach that Russia has which is demanded everybody use Iraqi dinar to make purchases.  This will seriously strengthen Iraqi dinar…[Post 2 of 2]

Clare – Dinar Guru  Article: “Planning: The Iraqi private sector is starting to feel its right steps, with great investment opportunities“  Quote:  “One of the priorities of the government program is to support the investment and service movement in Iraq, by supporting and encouraging the private sector and investment.”

Militia Man – Dinar Guru   Why are they hiding the vote?  Why are they hiding the 2023, 24, 25 budget if they’re going to come out at 1310? …It doesn’t make make any sense...the 17th was suggested that they’re going to have the vote…we all believe there’s something that should happen from the CBI prior to that happening.

Yada – Dinar Guru  Im of the mind that we are going to see this rate release just before they pass the budget…The rate is the driver of the budget, not the other way around

BGG ~ Pure speculation…

Militia Man – Dinar Guru   The governor of the central bank is openly talking about a delegation of experts from the International Finance Corporation.  Why is he talking about the International Financial Corporation if he’s coming out at a program rate (that I call it) or the official rate of 1310?  It makes absolutely no sense whatsoever…they could have done it at 1310…1460…1166 and never did.

Pimpy – Dinar Guru   This [Money Laundering] is a big issue for Iraq.  If your government can’t stop laundering money, you’re going to stay on a so-called blacklist.  Your money will never be traded internationally because nobody’s going to trust you.  Once again people have found out Iraq is funneling money to Iran, money laundering it.  They find new, different ways and because of that the US dollars received are restricted.  And because of that restriction it causes a huge black market and causes their currency to devalue.

Henig – Dinar Guru  Article: “International Monetary Fund: Iraq is third in the Arab world in terms of exports of goods and services last year”  Quote: “Iraq exported goods and services in 2022 worth $ 140.7 billion, which increased from the years 2020 and 2021, which amounted to $54 and   $ 94 billion, respectively…Iraq came third among the Arab oil-producing countries with the highest value of exports of goods and services after the UAE and Saudi Arabia“

Militia Man – Dinar Guru   The 2023, 24, 25 budget  hasn’t been implemented yet.  They haven’t shown you anything in respect to a potential exchange rate but there’s some things that tell you that they are about to do that exchange rate change.  They say specifically that that’s part of the process.

Clare – Dinar Guru    THE BUDGET HAS BEEN APPROVED. THE 3RD VOTE IS A FORMALITY THAT WILL MAKE IT LAW.  WHICH THEY ALSO REFER TO AS APPROVAL, BUT IT REALLY MEANS MADE INTO LAW- TO IMPLEMENT.  IF THEY WERE NOT GOING TO AGREE TO PASS IT INTO LAW, IT WOULD’VE BEEN SENT BACK TO THE COM… WHICH IT NEVER WAS.  THE PARLIAMENT SESSION WAS SUPPOSED TO END ON THE 9TH OF MAY – THEY ALREADY EXTENDED THE SESSION TO HAVE THE 3RD VOTE ON THE BUDGET AS PER ARTICLES.

Yada – Dinar Guru  Now the UN, IMF, US, World Bank, and even the CBI know the GOI can no longer stop the process. Best analogy would be the pitcher has sent the pitch and it is on the way to being received by the catcher. Pitcher is Iraq and the catcher is the rest of the world. Iraq can no long stop it, out of their control...I strongly believe we are in the last weekend of being broke…

Mountain Goat – Dinar Guru   Article:  “SUDANESE ADVISOR: THE OFFICIAL AND PARALLEL EXCHANGE RATES MATCH DEPENDS ON THIS MATTER”  I believe this is part of the process to the RV and reinstatement. My CBI contact has told me a couple times now that they must get the rate within the range necessary. The official rate and parallel market rates must match with only a small variance allowed and I quote – “If the difference between them is 2%, then it is considered a match.”

MarkZ – Dinar Guru   Question:  Is this our week Mark?  MarkZ answer:  Even though I keep getting egg on my face…I do believe this could be our week.

BGG ~ Who cares?!? He’s already “gotten egg on his face” 21,000 times!!

Does ONE MORE REALLY MATTER??

THIS IS REDNECK CLICKBAIT.

Deepwoodz – Dinar Guru    …Why choose 1310 at all? Doesn’t compute in my mind…They jumped from 1160-1190 to 1460 with the flip of a switch. Only one reason why they can’t make an equal jump back…because they don’t want to yet. So what are they waiting on? And if you think de-dollarize, wouldn’t making your currency more valuable (with the IMF’s consent) instantly cause all the citizens to forget the dollar?

Clare – Dinar Guru  Article: “In the presence of Al-Sudani and Al-Halbousi.. The state administration sets a date for resolving the budget discussions”  Quote:  “May 10, 2023 as the last resort to resolve discussions on budget items…The meeting was attended by the Prime Minister, Speaker of Parliament and all leaders of the coalition.“

Samson – Dinar Guru  Article:   ”Today, Sunday, the Association of Iraqi Private Banks confirmed that the dinar is recovering and will return strong and stable.”

Deepwoodz – Dinar Guru  …We have a Shiite PM who was installed by the coordination framework/state of law Maliki coalition after they ran Sadr out of town...the fact that he is quiet now only means whatever made him leave is still in effect.  Now we have a lot of promises, but do we really? Parallel rates? 1310?  So they took a mile and are giving back an inch. No wonder Iran isn’t causing any more trouble. They don’t have to…All I want to know is why 1310.

Pimpy – Dinar Guru  There seems to be a lot of stalling happening when it comes to the budget and I’m wondering if they’re just waiting to see what the United States is going to do as far as the Central Bank Digital Currency is concerned.  Are they just waiting for the United States to move into the CBDC?  Because if they’re supposed to be the currency that they use then guess who else has to go into the CBDC’s.  Everybody else over there…

CANDYKISSES – Guest Guru   TODAY IS A HOLIDAY IN IRAQ…”Iraq suspends official working hours on Monday on the occasion of Labor Day … The Iraqi Prime Minister, Muhammad Shia’a Al-Sudani, directed the suspension of official working hours on Monday, May 1, coinciding with International Workers’ Day.“

Clare – Dinar Guru  Question:  “Are they saying the vote before or after their vacation?” Clare Answer:  PARLIAMENT EXTENDED THE SESSION.. IT WAS SUPPOSED TO END ON MAY 9TH… BUT NOW  PARLIAMENT HAS TO KEEP WORKING UNTIL THE BUDGET IS PASSED.  HOPEFULLY THAT GIVES THEM INCENTIVE TO HURRY UP & SCHEDULE THE 3RD VOTE.  BUT THEY ARE DEFINITELY WORKING ON THE NUMBERS.  Question: “But we’ve been told/lead to believe, that the BUDGET WAS DONE?” Clare Answer:   IT IS DONE … THEY HAVE TO GO THROUGH THE FORMALITIES IMO ONLY.  THEY’VE HAD TWO READINGS ALREADY…

Militia Man – Dinar Guru  They’re saying the dollar is going to continuously decline because of this new budget.  So prior to that new budget which is expected in the coming days, we should see something happen that could be in our best interest…

Docmagee94 – Guest Guru  Here is a partial list of the Strongest Currencies in the world right now, and their value to USD.  Enjoy the top 4 if you will: 1. Kuwati Dinar – 1 KWD = 3.26 USD. 2. Bahraini Dinar – 1 BHD = 2.65 USD. 3. Omani Rial – 1 OMR = 2.60 USD. 4. Jordanian Dinar – 1 JOD = 1.41 USD.  IMO, Iraqi Dinar could soon be in the top 10, if not top 5, most valuable currencies in the world.  And what do they all have in common?  Backed by assets.

Paulette – Dinar Guru  I have watched the Market Rate for almost 15 years.  IMF Article 8 compliance requires no Multi Currency Practice.  A Market Rate of greater than 2% constitutes a Multi Currency Practice according to IMF Article 8.  Bottom Line, Iraq cannot be compliant with Article 8 requirements if the Market Rate exceeds 2% of the Official Rate.  The new verbiage of “Parallel Rate” has made this seem as a new issue …Saleh has now stated this twice recently.  The real question is how long must they maintain the 2%…90 days.  I never saw this printed in Article 8….  Considering all we are being told, I don’t accept the 90 day theory.

Clare – Dinar Guru  Article:  “The value of the dinar in the parallel market increased by 5% since the beginning of the month”  Quote: “The Governor of the Central Bank, Ali Al-Alaq, said earlier this month that the central bank is on alert to restore the exchange rate of the dollar to its normal position…“

Militia Man – Dinar Guru  I suggest if in fact they do what they say they’re going to do, ‘We’re going to do it soon’, ‘We’re going to do it in weeks’, ‘We’re going to do it in days’, ‘We’re going to do it now’, ‘We’re going to do 1.5 times.’  By that equation that Al-Sudani is giving you, not me…if that holds true what they’ve done is they have adjusted the rate again to squeeze the black market…

Yada – Dinar Guru   The parallel rate…is the rate that the street operated at. For a long time, the street rate charged higher rates for dollars that were purchased by dinar. The CBI rate is the official rate and there was a variance between the two.  Since the official currency in Iraq is now the dollar [dinar ?] and illegal to use dollars, the street vendors are forced to play fair or use the same rate as the CBI…the parallel rate is flattened in Kurdistan whom always operated at a higher standard than Baghdad.   Now the rate will go international and that is what we’ve been awaiting