Posts Tagged ‘Iraqi Dinar’

Al-Maliki’s coalition: government intention to reduce the exchange rate of the dollar to 137,500

Al-Maliki’s coalition: government intention to reduce the exchange rate of the dollar to 137,500

2023-01-09 02:35

Shafaq News/ The State of Law Coalition, led by Nuri al-Maliki revealed, on Monday, the intention of the government of Muhammad Shia’ al-Sudani to reduce the price of the dollar in the 2023 budget bill.

The leader of the coalition, Fadel Mawat, told Shafaq News agency, “The reasons for the dollar’s high exchange rate are American intervention and pressure, Read more…

Iraqi Dinar Guru opinions 1-8-2023

Iraqi Dinar Guru opinions 1-8-2023

1-8-2023 Newshound Guru Paulette Many try to compare Vietnam and Iraq when evaluating the currency. Most of these comparisons are flawed: “…Vietnam has a very low rate and their economy is one of the fastest growing…” This is a totally irrelevant comparison. The rate is not the issue. The issue is IMF Article 8 Compliance. This allows Freedom of Movement of capital in and out of the country. Read more…

Iraqi Dinar Guru opinions 1-7-2023

Iraqi Dinar Guru opinions 1-7-2023

1-7-2023 Newshound/Intel Guru Walkingstick [via Frank26] The announcement is about timing – concerning the new exchange rate. I wonder if the CBI governor will even make it through that time period…he’s got to do his job… Article: “A source reveals behind the scenes of the news that talked about the dismissal of the governor of the Central Bank” Read more…

Iraqi Dinar Guru opinions 1-6-2023

Iraqi Dinar Guru opinions 1-6-2023

1-6-2023 Newshound/Intel Guru Mnt Goat Article: “FOR THE FIRST TIME, CENTRAL BANK SALES ARE DEVOID OF FOREIGN REMITTANCES” Quote: “the central bank sold today, during its auction for buying and selling US dollars, 43 million and 500 thousand dollars…” They have told us Iraq needs about 60 million in currency auctions sales a week to meet the demand of the Iraq economy. So this sales is just about where they expect it. Also this time the auctions sold only CASH and no large electronic transfers… Read more…

Economic security..and banking companies

Economic security..and banking companies

2023-01-06

Rahim Al-Daradji
The US Treasury has given signals to the Central Bank that it will reduce the amount of dollars (cash cash) in the Iraqi market so that it does not reach the smuggling networks. Therefore, today we are witnessing measures to stop the state of chaos that facilitated money laundering operations in Iraq and to stop the work of illegal networks that operate across borders to disrupt the banking system. This was confirmed by the statement of the Central Bank of Iraq Read more…

Iraqi Dinar Guru opinions 1-5-2023

Iraqi Dinar Guru opinions 1-5-2023

1-5-2023 Newshound/Intel Guru Walkingstick [via Frank26] The goal of the CBI is for the Iraqi dinar to leave it’s borders and when it leaves its borders …not let it get out of hand. It will have tight bands/restrictions on it of +/- 3%…until the CBI decides we reached our REER (Real Effective Exchange Rate) of the Iraqi dinar. This goal will be monitored/driven by predetermined measures with a predetermined exchange rate established. Read more…

Iraqi Dinar Guru opinions 1-4-2023

Iraqi Dinar Guru opinions 1-4-2023

1-4-2023 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: The big news is we finally heard news on when the budget will be in parliament… FRANK: That’s wonderful news…I believe what Sudani is telling you…The monetary reform is moving very very quickly… FIREFLY: Yes, within 2 weeks it will be inside parliament. FRANK: If they truly stick to the schedule of two weeks then my trifecta might actually happen around that time – a seated/announced government, an announced and open budget for 2023 and a new exchange rate with new small category notes to match it… Read more…

Iraqi Dinar/US Dollar auction results for Sunday 1-8-2023 executed today 1-4-2023

Iraqi Dinar/US Dollar auction results for Sunday 1-8-2023 executed today 1-4-2023

The results of the foreign currency sale window, Sunday, 1/8/2023
Announcement No. (4801) Read more…

A parliamentarian holds Al-Halbousi to disrupt the emergency dollar session

A parliamentarian holds Al-Halbousi to disrupt the emergency dollar session

1-4-2023

Information / special..
On Wednesday, the representative of the State of Law coalition, Muhammad Hassan al-Qadri, held Parliament Speaker Muhammad al-Halbousi responsible for not convening the special session on the crisis of the rise of the dollar, while stressing that the general situation needs to hold a session in order to Read more…

Iraqi Dinar Guru opinions 1-3-2023

Iraqi Dinar Guru opinions 1-3-2023

1-3-2023 Guru Nader From The Mid East What Iraq is going through is not easy. You have to…go there and see it for yourself…don’t be scare, walk to the mosque…find an Iraq guy or lady…ask them yourself, say, ‘Hey what do you think about Iraq?’ They’re going to tell you it’s getting worse and worse by the day…it’s not getting better. Even with the sales of oil and private sector getting better…but the people has no money. Don’t believe people when they say they have stack of money in their homes. No, we don’t have them… Read more…

Iraqi Dinar/US Dollar auction results for Thursday 1-5-2023 executed today 1-3-2023. WOW!

Iraqi Dinar/US Dollar auction results for Thursday 1-5-2023 executed today 1-3-2023

The results of the foreign currency sale window, Thursday 1/5/2023
Announcement No. (4800) Read more…

Iraq’s revenues during 2022 are more than 120 billion dollars..about 60% of it was spent, and 48 billion dollars is a “surplus.”

Iraq’s revenues during 2022 are more than 120 billion dollars..about 60% of it was spent, and 48 billion dollars is a “surplus.”

2023-01-03

Yes Iraq: Baghdad
More than 115 billion dollars achieved by Iraq during the year 2022, from oil revenues, to conclude its golden year, with the highest financial revenue achieved in its history, amid preliminary figures indicating that the total revenues Read more…

Iraqi Dinar Guru opinions 1-2-2023

Iraqi Dinar Guru opinions 1-2-2023

1-2-2023 Newshound Guru Clare Article: “What is meant by currency float? What are its advantages and disadvantages?” Quote: “There are millions of traders around the world buying and selling currencies…The basis of the currency floating system is supply and demand. If the supply is greater than the demand, the value of the currency will decrease. On the contrary, if the demand is greater than the supply, its value will increase…” Read more…

Iraqi Dinar Guru opinions 1-1-2023

Iraqi Dinar Guru opinions 1-1-2023

1-1-2023 Intel Guru MarkZ [via PDK] More news in Iraq that they are stabilizing. “Central Bank continues measures to control the dollar exchange rate” I find it interesting they are issuing a dollar card worth $10,000 dollars …in other words they are not going to charge any spread if you turn in your dinar for a prepaid debit card. Why is this important? It will allow them to take advantage of this manipulated exchange crisis and get more dinar off the street over the next day or two…I think this is their last “hail Mary” to restrict the supply of dinar…just my thoughts. Read more…

Iraqi Dinar Guru opinions 12-31-2022

Iraqi Dinar Guru opinions 12-31-2022

12-31-2022 Newshound/Intel Guru Mnt Goat Article: “WHAT IS MEANT BY CURRENCY FLOAT? WHAT ARE ITS ADVANTAGES AND DISADVANTAGES?” This article is a VERY GOOD lesson in what it means to FLOAT a currency. …they can’t float the dinar in the program rate with the currency auctions and must reinstate it to the global markets. Mainly it’s because hint hint…to float you need access to the markets and traders. This will be when we go the bank to exchange…floating the IQD on FOREX can solve much of the issues with the dinar monetary policy in Iraq. This once again proves the move to FOREX should have happened a decade ago when Dr Shabibi, then the CBI director, lined up the dinar to go to FOREX in January 2013…I ask, why now publish such an article? Read more…

Al-Kalabi: The supremacy of the dinar prevents any future speculation in the dollar

Al-Kalabi: The supremacy of the dinar prevents any future speculation in the dollar

12-31-2022

Information/Baghdad..
A member of the Parliamentary Integrity Committee, Youssef Al-Kalabi, demanded, on Saturday, the government to implement an integrated economic program to ensure the supremacy of the Iraqi dinar in the market and prevent trading in the dollar, indicating that the supremacy of the dinar suppresses any future Read more…

Iraqi Dinar Guru opinions 12-30-2022

Iraqi Dinar Guru opinions 12-30-2022

12-30-2022 Intel Guru Frank26 Article: “Urgent.. Governor of the Central Bank of Sudan: The foreign currency crisis is urgent for technical reasons” THE MIDDLE EASTERN CURRENCIES THAT WILL BE IN A BASKET SOON ARE DEPENDING HEAVILY ON THE IQD TO GAIN POWER TO LEAD THEM. Read more…

The price of the dollar in Iraq is under US federal pressure and smuggling

The price of the dollar in Iraq is under US federal pressure and smuggling

12-30-2022

The high exchange rate of the dollar against the Iraqi dinar raised concerns by the official and popular circles in Iraq, after the US Federal Bank set strict control conditions that oblige the currency sale window to display lists Read more…

Iraqi Dinar Guru opinions 12-29-2022

Iraqi Dinar Guru opinions 12-29-2022

12-29-2022 Newshound/Intel Guru Mnt Goat We are told in an article…that the budget will be in parliament ready for review and vote in two weeks. …That pushes it to early January 2023 to begin the voting process. …So, sit back and hang on. The news is about to get really good…. Read more…

Iraqi Dinar/US Dollar auction results for Wednesday 1-4-2022 executed today 12-29-2022

Iraqi Dinar/US Dollar auction results for Wednesday 1-4-2022 executed today 12-29-2022

The results of the foreign currency sale window, Wednesday, 1/4/2023
Announcement No. (4799) Read more…