Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 3-3-2023

Iraqi Dinar Guru opinions 3-3-2023

3-3-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: So much is going on now with the banking and a lot of internal audits in this new banking platform. It’s screaming a new rate is coming. Why do all this for a continued 1310 program rate? FRANK: Yes…a new rate is coming…1310 may show up on your budget but it will quickly move as it starts to float. The currency is de-pegging as it floats. Once it reaches 1 to 1 it will pair in a basket with many currencies. Read more…

Al-Rafidain decides to stop the cash deposit of dinars at the airport outlet

Al-Rafidain decides to stop the cash deposit of dinars at the airport outlet

2023-03-03 04:43

Shafaq News/ Al-Rafidain Bank announced the suspension of the process of depositing the Iraqi dinar at the bank’s outlet at Baghdad International Airport, as of Sunday, 3/5/2023.

The bank said in a statement that the deposit of the dinar will be limited to Read more…

Iraqi Dinar Guru opinions 3-2-2023

Iraqi Dinar Guru opinions 3-2-2023

3-2-2023 Newshound/Intel Guru Mnt Goat …when I talked to my CBI contact late last week it was a very positive conversation and I was left with the impression that this RV saga could finally be over much sooner than we think. I could not get a date since my contact told me there is no date set and that there are only targets. Read more…

Iraqi Dinar/US Dollar auction results for today 3-2-2023

Iraqi Dinar/US Dollar auction results for today 3-2-2023

The results of the foreign currency sale window, Thursday, 3/2/2023
Announcement No. (4839) Read more…

The Central Bank announces an increase in the weekly amount of exchange companies to two million dollars

The Central Bank announces an increase in the weekly amount of exchange companies to two million dollars

2023-03-02 06:29

Shafaq News / The Central Bank of Iraq announced today, Thursday, an increase in the weekly cash amount allocated to the “A” exchange companies to two million dollars, while it demanded that they adopt the electronic platform to obtain Read more…

Parliamentary legal: the budget will not exceed 200 trillion dinars

Parliamentary legal: the budget will not exceed 200 trillion dinars

3-2-2023

Information / Baghdad…
A member of the Parliamentary Legal Committee, Raed al-Maliki, confirmed that the budget amounts will not reach 200 trillion dinars, as some believe, pointing out that there are reasons that prevent the budget from reaching the parliament, including Read more…

Iraqi Dinar Guru opinions 3-1-2023

Iraqi Dinar Guru opinions 3-1-2023

3-1-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economic news is calling for de-dollarization. They want us to stop using the American dollar. They keep repeating this over and over again. It looks like they are preparing us for a date…Saying to put less demand in dollar and more on dinar so…the value of dinar will increase. They are telling the private sectors to get away from dual currencies. FRANK: That’s basic economics 101…the 2nd and 3rd stage of the monetary reform is showing you to use only your currency and to hold on to it because it soon will have more value…And then when it floats internationally it will really go up…1 to 1 will be your purchasing power. Read more…

Iraqi Dinar/US Dollar auction results for today 3-1-2023

Iraqi Dinar/US Dollar auction results for today 3-1-2023

The results of the foreign currency sale window, Wednesday, 3/1/2023
Announcement No. (4838) Read more…

Iraqi Dinar Guru opinions 2-28-2023

Iraqi Dinar Guru opinions 2-28-2023

2-28-2023 Newshound/Intel Guru BGG Article: “An oil agreement paves the way for announcing a comprehensive budget in the coming days” Quotes: “the delegation of the Kurdistan region, for the first time, participated in writing the draft general financial budget in coordination with the federal government in Baghdad.”; “…the governments of Baghdad and Erbil have reached an integrated road map to resolve the crises, indicating that parliamentary consensus exists and is awaiting the budget to be passed.” Read more…

Iraqi Dinar/US Dollar auction results for today 2-28-2023

Iraqi Dinar/US Dollar auction results for today 2-28-2023

The results of the foreign currency sale window, Tuesday, 2/28/2023
Announcement No. (4837) Read more…

Iraqi Dinar Guru opinions 2-27-2023

Iraqi Dinar Guru opinions 2-27-2023

2-27-2023 Newshound Guru Sandy Ingram The exchange rate between the USD and the IQD is still at 1458 on the international currency feed. We don’t know why it has not calculated to 1300 per the CBI’s rate change…[I’ll] keep you posted. Read more…

Iraqi Dinar/US Dollar auction results for today 2-27-2023

Iraqi Dinar/US Dollar auction results for today 2-27-2023

The results of the foreign currency sale window, Monday, 2/27/2023
Announcement No. (4836) Read more…

Iraqi Dinar Guru opinions 2-26-2023

Iraqi Dinar Guru opinions 2-26-2023

2-26-2023 Intel Guru Frank26 Article: “Association of Iraqi Banks: Dealing in the Chinese yuan may provide the possibility of reducing import costs” Quote: “the Central Bank will consider, after controlling the exchange rate of the dollar in the balance market, by linking the price of the dinar to the dollar immediately and not at fixed prices.” …THIS IS EXPLAINING & TALKING ABOUT THE INTERNATIONAL FLOAT OF THE IQD THAT IS ABOUT TO START. Read more…

Iraqi Dinar/US Dollar auction results for today 2-26-2023

Iraqi Dinar/US Dollar auction results for today 2-26-2023

The results of the foreign currency sale window, Sunday, 2/26/2023
Announcement No. (4835) Read more…

Iraqi Dinar Guru opinions 2-25-2023

Iraqi Dinar Guru opinions 2-25-2023

2-25-2023 Intel Guru Frank26 What is the rate that they will leave their borders and be done with the internal float? 1 to 1. How long will it float externally into the markets in the currency reform? I don’t know. ‘I don’t care.’ Why? ‘I only have a million dinar.’ Oh. ‘I care’ Why? ‘I have a lot of dinars.’ For those of you that have a lot of dinars that are going to be paying attention to this next phase – It will be well managed and well controlled in the float… Read more…

Iraqi Dinar Guru opinions 2-24-2023

Iraqi Dinar Guru opinions 2-24-2023

2-24-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say the new mechanism will be implemented in coming days to change the dollar exchange rate and to make the dinar more stable…we don’t know the change. In the coming days we expect it to be like 1190 but that’s just our guess. It could be better with this mechanism. FRANK: Yeah! It could be 1000…because that’s the prefect position. Read more…

Iraqi Dinar Guru opinions 2-23-2023

Iraqi Dinar Guru opinions 2-23-2023

2-23-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The street rates are slowly coming down now…the official rate is 1320 but the street rate it’s getting around 1550. That’s down from 1750… All the meetings that Iraq has had with the USA feds and treasury was things that were needed to be done by Iraqi merchants to help lower the dollar rate. It was a success they’re telling us… FRANK: 1190 is next. I really do think so. I’m pushing for 1000. That’s what I want because then the 3 zeros could be easily lifted up Read more…

Iraqi Dinar/US Dollar auction results for today 2-23-2023

Iraqi Dinar/US Dollar auction results for today 2-23-2023

The results of the foreign currency sale window, Thursday, 2/23/2023
Announcement No. (4834) Read more…

Iraq resorts to the Chinese yuan to reduce its dependence on the US dollar, WOW!

Iraq resorts to the Chinese yuan to reduce its dependence on the US dollar

2-23-2023

The Central Bank of Iraq announced its intention to use the yuan currency in its dealings and commercial exchanges with China, in a move that had been anticipated for some time, in light of the transformation witnessed by the global economy, and it was accelerated by the dollar crisis that Iraq witnessed Read more…

Iraqi Dinar Guru opinions 2-22-2023

Iraqi Dinar Guru opinions 2-22-2023

2-22-2023 Intel Guru Frank26 This week that we’re in right now is really going to set the stage. If we see the budget law passed, oh my goodness! If we see HCL actually announced and being locked into the accounts at the banks, oh my goodness. If we see 1300 to to 1190 or 1000, oh my gosh… Read more…