Militia Man – Dinar Guru Article quote: “Our dinar continues to recover up to the official price…the main reason of the recovery is the reform policies…” They’re talking about the parallel market and the official price… The exchange rate of Iraq having par at a specific time reeks of getting the parallel market, which is the illegal cash market…mechanism working.
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Clare
Clare – Dinar Guru Article: “How did the Central Bank’s strategic plan control the dollar price?” Quote: “Saleh explained that the narrowing gap between the official exchange rate and the parallel (black) market exchange rate is one of the most prominent indicators of the success of the strategic approach to controlling the currency market outside official channels, which has had a positive impact on economic stability and the interconnectedness of the Iraqi economy…This approach has contributed significantly to enhancing the stability of the monetary market, which benefits the strength of the Iraqi dinar…“
Mountain Goat
Mountain Goat – Dinar Guru Article: “THE DOLLAR CONTINUES TO FALL IN IRAQ. IS THE MARKET APPROACHING THE OFFICIAL RATE?” Quote: “...the gap between the official price and the parallel market price is close to disappearing…we may soon see it reach the official rate.” My CBI contact told me, and still tells me, that when this gap is narrowed to a point or the gap disappears entirely between the two rates, the CBI fully intends to conduct another revaluation of the dinar…
Militia Man
Militia Man – Dinar Guru Those that have a ‘need to know’…when it come to investment in Iraq are going to have access to that data…They’re not going to get a date and rate…What they do do is give you the accurate information…Once again the media has been schooled. The importance of giving out real news and not fake information with political motives is what they’re coming at. It’s obvious that we should all, even you, do a little bit of due diligence because if you own Iraqi dinar or other currencies you should know what you own…I think it’s a really good time to focus in on that.
Clare
Clare – Dinar Guru Article: “The dollar’s exchange rate is stabilizing towards its target: adaptation or adjustment?” Quote: “It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level.“ [Dinar Guru Note: A decline in this instance is what dinar investors want to see.]
Samson
Samson – Dinar Guru Article: “GOVERNMENT ADVISOR : THE CENTRAL BANK’S STRATEGY CONTRIBUTED TO A DECLINE IN DEMAND FOR DOLLARS ON THE PARALLEL MARKET“
Militia Man
Militia Man – Guru They haven’t exposed Article 12-2 paragraph C of the 2024 budget yet. I believe it is exchange rate related.
Sandy Ingram
Sandy Ingram – Dinar Guru The Central Bank of Iraq has announced pilgrims can purchase dollars through designated banks and companies in Baghdad and other provinces. The process involves exchanging Iraqi dinars for US dollars at the branches of participating banks and companies … We can only hope this procedure continues once the value of the IQD float to an acceptable level against the US dollar …Please do not take this news out of context. No one said anything about an RV or float at this time. We are watching Iraq’s policies and procedures to determine our course of action for exchanging the Iraqi dinar for the US dollar or Turkish Lira. All we need now is a level 2 travel alert from the US State Department. Iraq’s foreign Minister …asked that the travel ban be lifted when he was in Washington DC. Oh, yes you will also need a passport.
Fnu Lnu
Fnu Lnu – Dinar Guru Article: “The Abu Dhabi Securities Exchange (ADX), the UAE’s largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul.” As you can see, the arrangements being made for the Digital Iraq are more far ranging
than you may have thought. There is much work to be done yet as many dozens of infrastructure projects, and housing projects, continue to be added to the agenda weekly. The Iraq stock market did very well in the past year with many yields over 100%. There are no discussions of the RV/RI, by any credible source, to be found anywhere.
Clare
Clare – Guru Article: “Al-Nusairi: Our dinar continues to recover until it reaches the official price.” Quote: “Economic and banking advisor Samir Al-Nusairi confirmed on Sunday that the Iraqi dinar has been gradually recovering for several weeks due to internal and external reasons that have directly impacted controlling fluctuations in the US dollar exchange rate, regardless of the many reasons that led to its decline and its reaching 10 cents, after the difference between the official and parallel rates had been 20 cents for a long period…Al-Nusairi bet on the Iraqi dinar’s continued recovery through 2025…“
Militia Man
Militia Man – Dinar Guru an illegal market…They’re talking about getting the parallel market on par with the official exchange rate or really close. I think that’s what’s taking place.
Militia Man
Militia Man – Dinar Guru If Iraq is going to be international they’re going to have to be in compliance. One of their compliances is to have an internationally acceptable exchange rate. They don’t have that yet. But they are going to have one.
Clare
Clare – Dinar Guru Article: “Cooperation between Iraq and the International Monetary Fund” Quote: “Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing…An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.“
Fnu Lnu
Fnu Lnu – Dinar Guru ...The most recent annual reports show clearly that Iraq already has a REER and that is 1300 IQD to $1 USD. If Vietnam can be Internationally accepted and FOREX traded at 25,575 VND to $1 USD then the IQD can do the same with 1300 IQD to $1 USD. Why they haven’t has nothing to do with their ability to do so, but rather, the desire to do so. All events do not lead to the RV. At a time when the IMF and World Bank is under fire for going off mission, the global/geo-political condition is not conducive to a RI/RV at this time. The currency is internationally compliant.
Militia Man
Militia Man – Dinar Guru This is an event that’s going to be historic…Investors put their money where their mouth is….$88 billion invested in Iraq in 2023/24…There’s an estimated $400 to $500 billion more on the way. That’s massive! A half a trillion dollars is huge. Why? Iraq told us they have $16 trillion worth of rare earth and that doesn’t even include the taxes and tariffs at the borders…The list goes on an on. To think there’s not going to be an adjustment so Iraq can enter and be integrated into the International financial system is flat-out silly. But there’s still a lot of people that believe that. That’s ok, it’s not meant for everybody.
Mountain Goat
Mountain Goat – Dinar Guru I believe the pivot point for us investors is all riding on the Iranian talks. Not a single event but a pivot point. What will come of Iran is also part of the fate of Iraq. We can also see now the parallel market is all about to be fully broken and the dinar is rising every day…Remember also that these correspondent banks for the remaining 5% of the foreign transactions is slowly being implemented, with a completion target by June, not starting in June… So, now we gradually hear about the decline of the dollar and rise of the dinar. This is a target for the CBI…
Mountain Goat
Mountain Goat – Dinar Guru Article: “TALABANI’S PARTY: THE OIL AND GAS LAW IS OFF THE AGENDA FOR THE CURRENT SESSION, DESPITE THE GOVERNMENT’S PROMISES.” As investors we have…been watching for the Oil and Gas law/referendum required by the new Iraqi constitution of 2005…One day we hear it is being passed on to parliament and the next day we hear it will not even be considered in the current session… A member of the Patriotic Union of Kurdistan (PUK), Burhan Sheikh Raouf, confirmed on Thursday that the oil and gas law will not be passed anytime soon, as the current parliamentary term is approaching its end, despite the urgent need to regulate this vital issue.
Samson
Samson – Dinar Guru Article: “Maliki’s coalition sounds the alarm: Iraq’s financial situation is dangerous and salaries are threatened.“
Kaperoni
Kaperoni – Dinar Guru Article: “Al-Sudani: Iraq is witnessing political, security, and social stability and an economic renaissance.”
Militia Man
Militia Man – Dinar Guru You’re seeing blow-back, not wanting Iraq to go international because the cash cow is drying up, just like the dollar auctions drying up, smuggling currencies…oil, everything…If you read the news…you got to know who’s talking and what’s their agenda. There’s a lot of influences from the neighbor that doesn’t want this to happen. They want to throw a wrench. They put out fake news. They put out negative news. They make people nervous…scared…have doubt…If you look at the other side of the coin it’s all positive. Why? Because $88 billion has come across the borders…to take advantage of the security and stability and sustainability that Iraq has and all that Sudani has done.
Samson
Samson – Dinar Guru Article: “In an interview with an American media. Al-Sudani: Iraq is currently going through its best since the establishment of the Iraqi state“
Mountain Goat
Mountain Goat – Dinar Guru Article: “FOREIGN MINISTER: IRAQ IS COMMITTED TO PRESERVING ITS NATIONAL SOVEREIGNTY,”
…To me Iraq will not be free until they obtain the full DFI funds and are able to reinvest this money as they desire, such as in sovereign funds. The option to get off the petro-dollar may not happen until president Trump can get the US off the oil backed dollar and back to the gold standard. We can see this now occurring soon. Also Iraq will need their currency returned to them and traded on a global scale. Remember this is the road to the RV.
Sandy Ingram
Sandy Ingram – Dinar Guru Iraq and the United States are working closely behind closed doors. Behind closed doors the United States, IMF and World Bank have a lot to do with the timing of the float of the Iraqi dinar and Iraq’s release from the shadow sanctions.
Pimpy
Pimpy – Dinar Guru The only thing keeping Iraq back from having the exchange rate of $3.22 is Iraq…Sudani seems to be getting everything back on track. Keep your fingers crossed that no more things come in and interfere with the rebuilding of Iraq. Then you can start to see it, slowly but surely, rebuilding the value of its currency. Having a ton of foreign currency reserves helps. Having a ton of gold helps as well.
Clare
Clare – Dinar Guru Article: “Maliki’s coalition sounds the alarm: Iraq’s financial situation is dangerous and salaries are threatened” PROPAGANDA COMING FROM MALIKI’s State of Law Coalition IMO.
Samson
Samson – Dinar Guru Article: “A representative reveals the reason for the government’s withdrawal of tax funds: The US Federal Reserve has stopped transferring funds to Iraq.”
Militia Man
Militia Man – Dinar Guru Iraq is going to go to a global level and I think we all realize they haven’t done it at 1310 to 1 US dollar. They’re going to have a real effective exchange rate that has freedom of capital movement across borders…Iraq is ready to go. They’re just now openly talking about it…I hope you guys are excited as I am.
Mountain Goat
Mountain Goat – Dinar Guru “THE RISE IN THE VALUE OF THE NATIONAL CURRENCY HAS LOCAL AND INTERNATIONAL CAUSES” The Iraqi dinar’s exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors. Most notably, the country’s large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have combined to boost the value of the national currency…
Militia Man
Militia Man – Dinar Guru If Iraq is going to make an adjustment to her exchange rate it’s going to have an impact on her neighbors. They’re going to need to know what’s going on.