Iraqi Dinar Guru opinions 5-21-2024 - Iraqi Dinar News, Information and Facts (2024)

Iraqi Dinar Guru opinions 5-21-2024

5-21-2024 Newshound Guru Militia Man Article: “The Central Bank begins the second phase of its banking reform strategy” They’ve completed the first phase of reforms and now into the second phase. Quote: ‘It will inevitably bring stability and the recovery of the dinar.’ This is amazing…There’s some things happening that obviously are beyond our pay grade that are almost available and ready to go. This article…’…inevitably the exchange rate will be in recovery.’ To me that means they’re going to go back to that ‘previous era’. That would be a recovery. Going from 1460 to 1310 or from 1310 to 1182, that’s not ‘recovery’…Second phase is that we’re at that juncture.

5-21-2024 Intel Guru Frank26 Article: “The Central Bank begins the second phase of its banking reform strategy” THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD…’WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY’! (INEVITABLY MEANS IT HAS TO HAPPEN… IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

5-21-2024 Intel Guru MarkZ [via PDK] Most of what I am getting is that rates should be resettled on Wednesday. But I don’t know what that means for us timing wise. This actually makes sense to me because of where the sources are from and their connections …in Iraq they are not releasing the specifics of the 2024 budget that they approved and announced yesterday. I want to know if there is a rate in there.

5-20-2024 Intel Guru RayRen98 3 LTRS ARE BACK AT IT AGAIN… EXPECTING SOME “IMMEDIATE ACTION” IN 24 HOURS! TIME WILL TELL…I’M EXPECTING THE “REST” OF MY MIRACLE…TUESDAY NITE NOW!

5-20-2024 Newshound Guru Pimpy Article: “A reading in the fiscal and monetary policies of the IMF report – May 2024″ This is not good, mostly because they rely so much on oil revenues and they need to develop the private sector more…Yes Iraq is taking huge leaps and bounds but…there’s a lot of things that still have to be done.

5-20-2024 Intel Guru Frank26 There’s some good articles about the float… that’s the number one topic right now…We’re looking for those videos I told you about. We’re looking for more information to be coming out. This plethora of articles, notice they’re all focusing on what? The float. Because that IMO is what’s next.

5-20-2024 Newshound/Intel Guru Fnu Lnu [Reference to the need for an NDA] There is nothing for any Dinar holder to disclose. ALL DINAR OWNERS will get the exact same amount for the exchange rate of their Dinar. There will be NO DIFFERENCE in rate between participating banks or whether you go to an off-site exchange location or not. NONE! NADA! There is NO information to protect for the ordinary Dinar owner/investor. People who were invited to participate in the Private Placements were typically those who have over 10,000,000 Dinar and the reason for the NDA is because they will receive a substantially higher rate for their exchange because they are selling to private foreign entities, in a private sale, outside the general public participant who typically owns only one 25,000 Dinar Note.

5-20-2024 Intel Guru MarkZ [via PDKI] I believe…Sudanis big announcement …yesterday…was that they passed the budget. They have made a lot of agreements…a lot of movement toward Erbil and the HCL. Question: How can Iraq pass their budget without a new rate? MarkZ: Remember when they designed their budget – they added a clause in there for a value change…for the budget to adjust for a value change. We are hearing they passed a budget but we are waiting for a few details that are missing. Things that are not released yet. This may be an interesting day on that front.

5-20-2024 Newshound Guru Kaperoni Article: “Specialists: Economic integration and job opportunities await development” Integration with the global economy, diversifying resources is the only way for Iraq to move forward. Finally we’re beginning to see such steps.

5-20-2024 Newshound Guru Clare Article: “The Central Bank begins the second phase of its banking reform strategy” Quote: “what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably”

5-20-2024 Newshound Guru Sandy Ingram Several members of the UN Security Council including Russia and china…backed Baghdad’s request for the world body’s political mission in Iraq to shut down by next year. Washington did not immediately offer its support.

5-20-2024 Newshound Guru Pimpy Article: “Floating the Iraqi dinar. A solution to fill a ‘gap’ whose volatile price against the dollar” If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I’m out of there! Seriously, I will sell my currency…The cool thing about this is there’s no talk about a redenomination. So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate? …Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it. I wouldn’t procrastinate or gamble with it.

5-20-2024 Intel Guru MarkZ [via PDKI] Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this up coming Memorial day weekend. …But, There is a lot of smoke out there.

5-20-2024 Newshound Guru Militia Man The budget doesn’t work at 1300 to 1 or 1310 or even 1320. It’s doesn’t work at 1160 for crying out loud let alone 1460. Why is it going to work today? It’s not.

5-20-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani didn’t say anything about the rate inside of the budget. They didn’t say a word. COM didn’t say anything. COM saw the budget with Sudani. We see them sitting there and they’re looking it over but nothing is announced except the approval and that it’s going to the House of Parliament now. FRANK: You know very well what’ going on. He will protect the budget until the very last nano second.

5-20-2024 Intel Guru Wolverine It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.

5-20-2024 Newshound/Intel Guru Mnt Goat Folks just remember I am telling you that Iraq already has a value to the dinar way above the 1/6 of a penny. They do not have to develop the private sector to raise the dinar, the economy or…export more products…

dinarguru.com

Iraqi Dinar Guru opinions 5-21-2024 - Iraqi Dinar News, Information and Facts (2024)

FAQs

What is the prediction for Iraqi dinar in 2024? ›

Iraqi Dinar is expected to drop by -0.16% against the US Dollar by the end of 2024, as the USD/IQD rate is expected to reach IQD 1,306.88.

How likely is the dinar going to revalue? ›

For one thing, the Iraqi dinar does not float freely: The exchange rate is fixed by the central bank, meaning that the currency is unlikely to experience any rapid changes in value.

What is the forecast for Iraqi dinar to USD? ›

Current Rate$ 0.000764 (0.00%)
Forecast$ 0.000763 (-0.08%)
Green Days15/30 (50.00%)
SentimentNeutral
Volatility0.16%
4 more rows

Will my Iraqi dinar be worth anything? ›

Most people who invest in the Iraqi dinar do so because of theories that the dinar will become worth much more than it is today through a revaluation or "RV." However, buying the Iraqi dinar is very unlikely to result in a profit – the currency is facing low liquidity and the possibility of redenomination.

How much is 100 dollar in iraqi dinar new? ›

Convert US Dollar to Iraqi Dinar
USDIQD
100 USD131,010 IQD
500 USD655,050 IQD
1,000 USD1,310,100 IQD
5,000 USD6,550,500 IQD
6 more rows

What is the new rate for the Iraqi dinar? ›

1 USD = 1,306.014302 IQD Jul 04, 2024 07:01 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

What is the Iraqi dinar backed by? ›

The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Iraq does not maintain a gold standard.

How much is Iraqi dinar in circulation? ›

Iraq Money Supply M0
ActualPreviousUnit
143060.00144667.00IQD Billion

Has any country ever revalue its currency? ›

In 2005, in response to U.S. threats of a tariff on Chinese exports, China revalued its currency by a few percentage points and then allowed it to rise gradually by 20% over the next three years.

How much is $1000 USD in Iraqi dinar? ›

1,310,000.00000

Does Bank of America exchange Iraqi dinar? ›

Bank of America, N.A. does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes, and currently has no plans to offer this service in the future. You may have read on the internet or heard from friends that Bank of America, N.A. buys and sells these banknotes, or has plans to offer this service.

How much is $500 dollars in Iraqi dinar? ›

655,000.00000

What is the future value of Iraqi dinar? ›

The Iraqi Dinar is expected to trade at 1311.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1328.95 in 12 months time.

Does Wells Fargo exchange Iraqi dinar? ›

No, Wells Fargo does not buy or sell Iraqi dinar, Vietnam dong, or Zimbabwe dollar. Go to our rates page https://www.wellsfargo.com/foreign-exchange/currency-rates/ for a complete list of foreign currencies available.

Why did Iraqi dinar lose value? ›

Due to United States and the international sanctions on Iraq along with excessive government printing, the Saddam dinar currency devalued quickly. By late 1995, US$1 was valued at ID 3,000 on the black market.

What is the future value of the Iraqi dinar? ›

The Iraqi Dinar is expected to trade at 1311.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1328.95 in 12 months time.

Is the Iraqi dinar backed by gold? ›

Are most transactions still in American dollars? The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Iraq does not maintain a gold standard. During the conversion period, the old Dinar still has value.

Where is the safest place to buy Iraqi dinar? ›

US First Exchange provides the most secure platform for you to buy Iraqi Dinar online. We deal in over 20 currencies, including exotic currencies. All packages are insured at full value, and payments are processed the same day.

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