Militia Man – Dinar Guru …The Central Bank…told everybody on TV that the Central Bank issued 3 circulars obligating the owners of residential complexes and companies to the official dollar price and pricing everything in Iraqi dinars. Based on the decision of the Council of Ministers which stipulated obligating all government agencies and the private sector to price their products in dinars. That’s huge… That’s everything in country in dinars. Also keep in mind they’re sayings you’ll need to be doing it in the currency at the official exchange rate.
Mountain Goat
Mountain Goat – Dinar Guru …I am going out on a limb to say that by June 2023 we could see this reinstatement of the dinar. I am…using…solid FACTUAL data from the articles. Article quote: “The Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar”… He is talking about the stabilization of the program rate first with the help of the US Treasury, then the reinstatement with the help of the IMF and World Bank… Folks, it can’t get any better!!
Militia Man
Militia Man – Dinar Guru They’re at an official rate of 1310 and the parallel market has been as high as 1800. They’re going to fix that. One way to fix that is to get all the citizens goods and services…off the dollar. That is exactly what they’re doing. They’ve stated numerous times the dollar is going to be gone and the dinar is going to be the strongest. Al Sudani says it twice, people are starting to take him seriously and now that… they’re going to force people to use the dinar only in country is very very powerful.
Sandy Ingram
Sandy Ingram – Dinar Guru What happens to Iraq’s paper money once they go digital? …Only 5 countries are fully digital and these are all Caribbean countries (Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Grenada)…The questions we have are 1. Will non-citizens be given an opportunity to exchange paper money for digital money? 2. Will there be a limit on how much we can exchange? Until Iraq joins the international monetary platform, we will be at the discretion of Iraq on how they handle paper money outside of the country.
Clare
Clare – Dinar Guru Article: “The Central Bank of Iraq is in the process of expanding the network of banks to provide service in different currencies such as yuan or euro” Quote: “there is a desire by solid international banks to enter the Iraqi banking sector and work inside the country.”
Kaperoni
Kaperoni – Dinar Guru Iraq is working diligently to create the economy needed to float the dinar. Hopefully, within year or two they will be in a position to begin to float…owning Iraqi dinar is not a lottery ticket there is no overnight significant increase in the dinar. …It’s going to take time but only with the success and growth of their economy will the dinar go up. They do have a plan, it just takes time. The economic success of Iraq will proceed any increase in value. And the value increase will be a direct result of the success of that growth…Hopefully in the next month or so we will see the budget pass, then some important legislation will follow.
Henig
Henig – Dinar Guru Article: “Chambers of Commerce: Dollarization of markets has decreased and the exchange rate will reach 140” Quote: “the use of the dollar in trade exchange and debt repayment at home, or what is known as market dollarization, fell by 10% for the first time in many years, and the demand began to be greater for the adoption of the dinar in ending transactions and exchanges between traders within local markets… The markets of Diyala and the rest of the provinces are witnessing a remarkable decline in the exchange rate of the dollar recently…”
Militia Man
Militia Man – Dinar Guru They’re publicly making it known to everybody inside the country to start repricing in the dinar. What else can you say? Something’s coming. Something’s up. They’re already in the dinar per se at 1310, are they not? Why reprice? Well because the change is coming.
Sandy Ingram
Sandy Ingram – Dinar Guru We cannot confirm yet. We are being told that ALL shop owners in Iraq have been ordered to price and sell all goods in Iraqi dinars at the rate of 1310. This may be a good thing.
Mountain Goat
Mountain Goat – Dinar Guru …The dinar now is actually on an unofficial, highly managed “float” by the CBI but only within Iraq. I know for a FACT, not rumors or opinions, that when the dinar reaches at some point close to 1000 rate after comparing to the parallel market, they fully intend to drop the three zeros and begin issuing the newer lower denominations
Breitling
Breitling – Dinar Guru You don’t need as much oil as you did back in the day. Everything is becoming more and more and more efficient. They see that trend. That’s why Iraq doesn’t want to be in that $0.30 range and depend on energy. They need a currency that supports the foundation for their energy markets and they also need a currency that can help them invest in completely different sectors so they can diversify. That’s why they want it way above the $0.30 average that everybody else has in that region…they want to go a lot higher than that…my strategy is up to a buck. Beyond that I don’t know.
Nader
Nader – Dinar Guru All we need is 1000 to 1. If we were 1000 to 1 believe me a week later we’ll be 1 to 1. So wait for 1000 to 1. It’s coming soon.
BGG ~ ^^^^^^^^^^^^^^^^^^^ Redneck CLICKBAIT!!
Pimpy
Pimpy – Dinar Guru Article: “Sudan Advisor: Central Bank succeeded in Increasing the strength of the dinar and began to approach the parallel price” This is good news. We like for them to continue to strengthen the dinar…this is awesome news. That what you want to hear. Let’s hope Iraq continues to do exactly that – strengthen the Iraqi dinar.
Mountain Goat
Mountain Goat – Dinar Guru The financial advisor to the Prime Minister, Mazhar Muhammad Salih commented, on Sunday, on the continued decline in the exchange rate of the dollar in the parallel market…The first step is for the parallel rate to match the CBI rate of 1132…we don’t know, and even the CBI does not know, how long this change will take…Saleh also stated that at the same time, the rate of the dinar is supported by large foreign currency reserves, which are the highest in the country’s financial history. All of these factors are gradually shrinking the gap between the two prices…
Sandy Ingram
Sandy Ingram – Dinar Guru VND exchange rate increase against the US dollar. Article: “Financial experts say Vietnam’s economic growth to reach 6.5% in 2023″ The Vietnam dong is traded on the Forex market…the VND rate is going up up and up against the US dollar in the past several weeks. This means somebody on the Forex market made a profit. This is excellent news.
Pimpy
Pimpy – Dinar Guru Article: “First Deputy Speaker of Parliament calls for speeding up the preparation of a report on the draft budget law for its second reading” The way the Constitution works over there is you have a draft budget. It is passed down to the parliamentary… they make the recommendations and they send their draft budget back with the amendments to the committee. The committee reviews those… they turn around and sent it back to parliament…If they agree with them then they take a vote and the budget is passed…They’re getting ready to do their second reading. If there’s more changes they are going to recommend it will go back…
Clare
Clare – Dinar Guru Press Release: “The Central Bank of Iraq calls on the media and all relevant parties to be accurate in reporting news related to the bank and its monetary policy, and to adopt what is published on its official website in order to avoid misleading news that confuses the market in favor of foreign currency speculators.“
Sandy Ingram
Sandy Ingram – Dinar Guru …Millions of people believe the IQD will never amount to more than a penny against the USD, this is highly unlikely. For many reasons – economics, inflation or losing the country to a US dollar economy, these are all reasons why the Iraqi dinar will revalue, reinstate, float or go digital, and we know they have plans to go digital there is a mandate.
Pimpy
Pimpy – Dinar Guru Apparently they have a mechanism that’s going to take care of the surplus of Iraqi dinar that are out there because if you think about it if people are willing to give you 1750 dinars for every dollar that means there’s a shitload of Iraq dinars out there. In the past they used to spend anywhere between 1 and 1 1/2 billion dollars buying IQD off the open market and then they would destroy these currencies. Could they start going down that path again because if they do hang on to your currency because that sucker is going to shoot up in value real quick.
Militia Man
Militia Man – Dinar Guru What I believe is going on… they’re throwing two stones out in the water in a massive way and it’s going to have a rippling effect around the world…Iraq we feel is a linchpin that’s going to stimulate the economy…trading with other currencies, cross-border payments, all those things are happening right in front of our eyes…history is basically going to be written about this because Iraq is going to be very very wealthy. They could write this in tablets of gold. I really do believe that…
Clare
Clare – Dinar Guru Article: “Al-Sudani’s advisor sets a date for the dollar’s stability and says: The Americans are impressed with our government” Quote: “Al-Shammari, in a televised interview followed by Ultra Iraq, defended the decision to reduce the exchange rate of the dollar to 1,300 dinars by the Sudanese government, and said that “if the exchange rate had not changed, we would now be on the cusp of two thousand,” meaning 2,000 dinars per dollar.
Mountain Goat
Mountain Goat – Dinar Guru Article: “THE CENTRAL BANK REFUSES TO OPEN A WINDOW FOR SELLING DOLLARS TO CITIZENS, DESCRIBING IT AS A VIOLATION OF REGULATIONS” We have waited for this news for a very long time. ...I told you the day will come when they have to ban all dollar sales from citizens meaning these street venders too. Now if you want dollars you will have to go to the bank and justify it and you will have certain quota limits based on reason that you can buy. WOW! this was fantastic news because over a short time these street venders will run out of dollars and then they can not manipulate the market anymore…This will seriously help stabilize the market which we need to go to the next step in the process…
Sandy Ingram
Sandy Ingram – Dinar Guru 3 Major Reasons People Buying & Selling Iraqi Dinars Online First…currency collectors and the Iraqi Dinar go hand in hand…Why? Believe it or not collecting foreign currencies is more than just a hobby, it can be profitable…Second reason…travel. More and more Christians and Muslims are traveling to Iraq. There is a spike in IQD sales…It is cheaper or easier to buy the Iraqi Dinars online rather then to wait and exchange in Iraq. The third reason is the same reason many of us hold the Iraqi Dinar. For investment purposes. Investing is a major reason people hold and use the Iraqi Dinar. Just like any other investment, there are risks involved.
Nader
Militia Man
Militia Man – Dinar Guru They’re apparently looking at this budget as a very sensitive one so that’s why they’re probably keeping it close to the chest…it looks like it’s actually front and center because of some of the words and language they’re using…”accelerating”… “expediting”…you get the picture they’re moving forward.
Pimpy
Pimpy – Dinar Guru Article: “Reserve currencies of the dollar as a store of value and secondary reserves in central banks”. This is pretty interesting article and it’s good if you own the Iraqi dinar… you’re going to see one way or another that currency increase in value.
Clare
Clare – Dinar Guru Article: “A new statement by Al-Sudanese about changing the exchange rate of the dollar” Quote: “al-Sudanese revealed today…changing the exchange rate was a basic demand, and it included a previous agreement between the government and the central bank with the Federal Reserve and the US Treasury. The agreement was not implemented within two years, and the two years ended with the start of our government’s work.“
Militia Man
Militia Man – Dinar Guru Four months ago they were talking about studying the possibility of introducing a 20k note. We believe that the language that they use is misleading…Many people do…They didn’t say they did they just said they’re talking about it as a possibility …they were talking about this 4 month [ago]…the 29th of November and they did it again [yesterday]…The belief would be that they’re not going to do that and they’ll maybe come out and say something to the affect that we decided not to do that but we’re doing this instead…
Clare
Clare – Dinar Guru Article: “The Central Bank announces the imminent issuance of a decision regarding the possibility of printing a denomination of 20 thousand dinars” Quote: “the central bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting,” noting that “the issuance and treasury department is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take action The decision to print or not to print…”
Militia Man
Militia Man – Dinar Guru Earlier today the Central Bank came out. Alaq says they have those 3 packages they launched to create an environment that stabilized the dollar exchange rate...he says the amount of reserves they’ve acquired from the oil sales is astonishing…about $115 billion…He’s basically stating those central bank reserves are within International standards. That’s a big thing…having a massive foreign reserves, plus the gold, it supports the value fo the currency and it brings on stability…