Iraqi Dinar | Latest Iraq dinar recaps & updates (2024)

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Dinar Gurus' Official Master List of Possible Major " To Do's ":

1. Moved to IMF Article VIII
2. HCL passed/imp. [Temp 11/2014] [agreed in spirit 12-2014]
3. Erbil Agreement Impl.
4. Election Law (DONE! 12/2013 | Amend Dec 2019)
5. UNSC Chapter 7 (Done?? summer-2013/ Dec/2017 moved to ch VI?? June-2018 Resolution 1487:CBI released from Sanction list. Voted 2-22-2022 Resolution 2621. 8-12-2023 - Iraq appears out of Ch VII but U.S. has not release them)
6. UNSC Chapter 6 (began 12/2017 ?)
7. Article 140 impl. (Supreme Court Support 5/2018 - mustimpl.) (8/2019 Federal Court clarifies constitutional force)
8. Economic/Banking laws passed (more needed)(12-2017)
9. Investment laws (Voted! 10/2015 Printed 1/2016)
10. Power Sharing (Done!! 10/2014)
11. Internationally accepted Dinar
12. GOI Seated (10/2014) [Done - Fully seated 6-6-2020]
13. Tariff Law (partial)
14. CBI & Market rate within 2%-90 days (start ~Mar. 15 2018? Nation wide start ~Nov. 2018)
15. E.O 13303 (Done 12/2017 - Biden renewed May 2023)
16. Law of Financial Administration/Financial Management Law (First vote May 2019) | Amend Dec. 2019
17. CBI Auctions Stopped (partly Done - June 2020?)

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7-20-2024 Newshound Guru Clare Issue No. (4781) of the Iraqi Gazette was published on 7/1/2024 Issue No. (4783) of the Iraqi Gazette was published on 7/8/2024. Issue No. (4784) of the Iraqi Gazette was published on 7/15/2024. THERE IS STILL A MISSING PUBLICATION FROM THE GAZETTE AND THE LATEST ONE IS SHOWING TODAY.

7-20-2024

7-20-2024 Newshound Guru Kaperoni Article: "Deleting the Zeros of the Iraqi Currency" I have said it numerous times...we do not want to see Iraq delete zeros.

7-20-2024 Guru Nader From The Mid East You heard them talking about corruption. They're going to clean it up but it's going to always be there. It's everywhere. It's in America. It's everywhere in the world. It's in Europe. It's here. Corruption is corruption, the biggest corrupt people you cannot clean them cuz they have powers...You can't do anything against them.

7-20-2024 Newshound Guru Clare

Article: "Removing Zeros from the Iraqi Currency: Talk Returns and Possibility of Implementation" Quote: "if the currency is the “dinar” and its value is equal to 1,000 dinars, after removing three zeros, its value will become one new dinar...According to experts, the actual value of the money people own does not change after deleting the zeros, but this step contributes to simplifying the buying and selling processes for individuals and companies, and makes the financial amounts simpler and more understandable. Instead of dealing with huge numbers such as a trillion or a million (1,000,000 Iraqi dinars), they can be converted to just one thousand 1,000 dinars after deleting three zeros...The exchange rate will be transformed into one dinar for every one dollar, and this is what the late former governor of the Central Bank, Sinan Al-Shabibi, aspired to"

7-20-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We're hearing this man on Chanel one on the TV he's saying to us citizens, he's saying joining the WTO will eventually lead to the rising of the dinar value up. It's all about global trade...In order to compete we will need a real effective exchange rate to produce anything in the global trading market. FRANK: He's right...It's amazing they are talking to you about the real effective exchange rate...because that is the end result of the float...God willing it comes out at $3.22 as an RI.

7-20-2024 Newshound Guru Pimpy Yes, an article came out again about deletion of the zeros... "Removing Zeros from the Iraqi currency: Talk Returns and Possibility of Implementation" I keep telling everybody when they do the deletion of the zeros this is how it's going to work. You got a 25,000 dinar. Right now at the current rate you have .00076. It equals $19. The nominal, which is the [three zero] currency, they will remove the three zeros [25]...and it will take the three zeros off [the rate - .76]...That would be 25 dinar times .76 gives you $19.

7-20-2024 Intel Guru MarkZ [via PDK] ...once again I have some redemption center/banking folks that will be working part time this weekend. Not on call…but physically being asked to go in for a set number of hours…this is the second weekend in a row. Is it to throw us off and think it could go? I don’t know.

7-20-2024 Guest Guru Margarita Article Quote: "He expressed hope for the fourth round of negotiations to take place in the first quarter of the coming year, emphasizing that this acceleration indicates that negotiations are progressing very quickly towards Iraq's accession to the WTO, with Iraq being an important economic entity and all countries eager for Iraq to reemerge as a key player in the multilateral trading system"

7-20-2024 Newshound Guru Clare THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE.

7-20-2024 Intel Guru Frank26

I will admit I was hoping they would say something on the 18th about the WTO. They didn't. [Not a] big deal.

7-20-2024 Intel/Newshound Gurus MarkZ & Militia Man MarkZ: ...this week there are television ads being run in Iraq about the “delete the zero” project? And they are doing this internationally - I think that is important. Many people left Iraq during the wars and have settled elsewhere in the region. So doing those ads internationally are for those citizens. IO that is huge Militia Man: Obviously Iraq is trying to reach out to the people and share with them some education about how the “delete the zeros” works...I have a translator who reads and writes Arabic fluently…and they say this ad is the real deal… Part of a campaign of awareness and released in several countries...Like Al Alaq said in July of last year. The project to delete the zeros still exists...the emphasis is that it’s all positive and they are going to do something with their currency.

7-20-2024 Newshound Guru Clare THE WTO FULL ACCESSION HAS NEVER BEEN A REQUIREMENT FOR A RATE CHANGE. ...THE VIDEO THAT WAS RELEASED IN IRAQ & ARAB NATIONS EXPLAINING ALAQ'S COMMENT ABOUT THE DELETION OF THE ZEROS...WAS HUGE!!! THIS IS WHAT WE WANT THE DELETION OF THE ZEROS!!! COME ON CBI...

7-19-2024 Intel Guru Frank26 Here's the problem with that video [Iraqi dinar video from 3-17-2024 below]...As much as that video was correct and powerful and education, unfortunately they did not show you the lower notes. If you have seen the lower notes your brain would have told you, 'Oh, wait a minute, they're going to replace those with these. They're not keeping this 50,000.' The video left us lacking for more information.

7-19-2024 Newshound Guru Kaperoni Question: "So the RV tomorrow 3:00? Lol" You need to change your thinking. There is no RV, never will be one. The only way that dinar can go up in value is 'gradually' over time based on the success and growth of Iraq's own economy.

7-19-2024 Newshound Guru Sandy Ingram Question: "How is Iraq going to do business in the international market with such a low currency rate?" This is why Iraq will need to increase the value of its currency. Currency values... act as a silent force influencing a country's global competitiveness. When a country's currency value is low it can impact it's ability to compete...

However things are about to change and fast. The development road project places Iraq right in the middle of the global financial markets. [We] have little doubt the Iraqi dinar will increase in value but we don't know when or how much.

7-19-2024 Intel Guru Frank26 Question: "When we go to the bank to trade our IQD will the funds be instantly put into our accounts or will there be a waiting period to access the funds?" Instantly because it's going to be electronic...If you go to the bank and you say I want to exchange a million dinar and they give you a million dollars, you're not going to have a million dollars in cash...You're going to have a million dollars electronically credited to your account.

7-19-2024 Intel Guru MarkZ

[via PDK] I have some Iraqi contacts telling things have wrapped up. These are folks in Iraq. They say we could see a new rate release as early as today.

7-19-2024 Newshound Guru PompeyPeter We have never been where we are now. Categorically not...They're going to be the global solution to the financial worries. The solution is with the Iraqi dinar. Not at 1310 it's not.

7-19-2024 Intel Guru Wolverine [via Judy Byington] ...Hopefully we will get really good news that we are waiting for. That opera is just around the corner and hopefully to be released soon. Keep the faith this is coming.

7-19-2024 Newshound Guru Paulette Article: "Iraq faces some challenges in its path to joining the World Trade Organization"

...Iraq has a lot of work ahead of them. To me, the WTO is totally irrelevant to what we seek. Apples and oranges. I hope we see the FULL RI process well before full accession to the WTO.

7-19-2024 Intel Guru Frank26 It's not a lop...to subtract zeros from an exchange rate adds value to a currency. To add zeros to an exchange rate, hello Zimbabwe, reduces the value of the currency...If they add zeros then we are looking at a lop. No where did you see they were adding zeros.

[In the Iraqi dinar video from 7-17-2024 below]

7-19-2024 Newshound/Intel Guru Mnt Goat ...This current Al-Sudani administration is now moving Iraq ahead, yes out of this past rut...It is right in our faces now...The train is racing down the track only to make the necessary stops along the way...It is a hard road for Iraq... There is work to be done...No more “guessing” or “hoping”. The reinstatement spigot is now wide open! It is in our faces!...

7-19-2024 Intel Guru MarkZ [via PDK] Question: ...do you think the RV will happen in waves? First Dinar, then a few months later, VND? MarkZ: No, I think they will still...go at the same time.

7-18-2024 Intel Guru Frank26 THIS IS AN RI...AS THE CBI STATES...IF IT WAS A LOP THE CBI WOULD HAVE SAID SO...AND THE IMF WOULD
HAVE FORCED THEM TO SAY SO PUBLICLY!

7-18-2024 Newshound/Intel Guru Walkingstick

It's no secret. The world knows about the monetary reform of the Iraqi dinar. The international world knows about a new exchange rate that is about to come out of this. It's no secret, everybody knows the Iraqi dinar is about to go up in value.

7-18-2024 Newshound Guru Harlequinc3

How they do it is entice you and me and Iraqi citizens with an attractive amount. After a certain amount of all that old currency is removed, CBI will up the exchange rate in increments until it hits the rate they want. This is called a dirty float. Most likely after awhile, the CBI will change this to a pure float which is like what you see on regular ForEx, like the dollar does, the Euro does, the pound does, etc. But that won’t matter to you and me because we will have already gotten rid of our dinars and exchanged them for dollars (or whatever currency your own country uses.) [Post 2 of 2]

7-18-2024 Newshound Guru Harlequinc3 Question about the dinar 3-zeros video from 7-17-2024 below: "As I watch the video, it seems their illustration hints on deleting from the currency in such a way that appears they would not recognize the existing zeros and only accept larger denominations with the thought in mind that the additional 3 zeros are no longer recognized." The CBI will remove 3 zeros off .00076 (1310 IQD: $1USD.) This makes the exchange rate $.76. But almost at the exact same time, they will reinstate their currency internationally to $3.22 (and possibly add inflation for 20 years to it — 20%) up to $3.86. Reinstating it means we can exchange the dinar internationally just like any other currency. [Post 1 of 2....stay tuned]

7-18-2024 Intel Guru Frank26 If you have a 50k note and you live inside of Iraq that 50k note is going to be on a completely different exchange rate. The exchange rate will have value. It'll be based off the American dollar maybe 1 to 1 or more. When it goes international in a float it's going to go up and they're going to cap it and everybody's happy...

7-18-2024 Intel Guru MarkZ [via PDK] “Iraq continues to add to their Maritime Fleet” They have 2 used ships with 5 under construction…this will cost a large amount of money. Iraq has some long term goals. They have not paid for them yet- I believe Iraq is waiting for a change of value for the dinar.

7-18-2024 Newshound Guru Samson "Frustrating results from Iraqi Foreign Minister’s meeting with US Treasury regarding pressures on the Central Bank"

7-18-2024 Newshound Guru Pimpy

I keep telling people, the WTO will talk about the Iraqi exchange rate but not in the sense that they're forcing or telling Iraq they have to change their exchange rate. That's not what they do. They just talk about trade and any hurdles that are between them and trade members. They can point something out, they can make recommendations, but it's not up the WTO when it comes to the exchange rate...I know people are telling you it's going to be on July 18th they're going to change the exchange rate. No they're not.

7-18-2024 Newshound Guru Militia Man

Today's exchange rate at 1310 its reciprocal is about .0007633. Drop those three zeros off an exchange rate and you have value to the currency. It's that simple. It doesn't make sense to anybody to print new currency as far back as 2018 with new small denominations to not have a reason for value. It just doesn't make sense to anybody especially when the United States is holding significant portion of Iraq dinar as are other coalition forces...All boats rise with the tide.

7-18-2024 Intel Guru Frank26 It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using...After we have lifted the 3 zeros the next step is it goes into a float...as an RI...Then it goes into a re-denomination. It means you got rid of those 3-zero notes... The exchange rate just changed, you now need...the smaller notes because the exchange rate just got really big.

[Post 2 of 2]

7-18-2024 Intel Guru Frank26

[New Iraqi Dinar 3-zeros Video Review shown below in Frank26's post 3-17-2024] A 50,000 note, they showed you a picture...and then they took a magic marker and they crossed off the 3-zeros on the 50k note...that was a little misleading...Many people saw...the 3-zeros disappear from the currency and they thought I'm going to be left with a 50 note. I just lost a lot of money. No...They're not going to take your 50K note and cut the zeros out... .00076 | 1320 - These represent the exchange value of the Iraq dinar. .00076 is used by Forex to reflect the 1320 that is on the CBI website... [Post 1 of 2....stay tuned]

7-18-2024 Intel Guru MarkZ

[via PDK] I continue to hear that the most likely street rate will be $3.86 …I hope its accurate. We won’t know until we get there.

7-18-2024 Intel Guru Bruce [via WiserNow] ... well, we're looking very, very strong right now. The sources we've talked to are talking about this going by the 18th, which is Thursday...we know quadrillions of dollars have been moving around...So this is the time which is very serious for us ... and be prepared to set your appointment to start Thursday. That seems to be the case...the 18th...Is a date that has been decided on to have this start by.7-18-2024

7-17-2024 Intel Guru MarkZ [via PDK] This is going to be a huge week. Meetings are going on right now in Iraq about the HCL...the WTO…and more. This is going to be a big, interesting week for all of us.