Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 10-28-2024

Iraqi Dinar Guru opinions 10-28-2024

10-28-2024 Newshound Guru Militia Man Article: “Bold step changes the liquidity map in Iraq” Quote: “The Central Bank of Iraq decided to reduce the interest rate and activate securities…Analysts expect an increase in reliance on the Iraqi dinar as a base currency…It’s expected the activation of a new dinar instrument will contribute to enhancing local liquidity…” A base currency is going to make you guys really excited. What is a base currency? Base currency is the first currency in a pair of currencies being traded in the Forex Exchange Market. The second currency is called the quote or counter currency …They’re talking about it’s not the US dollar that the base currency. It’s going to be the Iraqi dinar…I’m really pumped and excited…! If that doesn’t tell you these guys are gearing to go international I don’t know what does… Powerful information! Read more…

Iraqi Dinar/US Dollar auction results for today 10-28-2024

Iraqi Dinar/US Dollar auction results for today 10-28-2024

Foreign exchange window results for Monday 10/28/2024
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Iraqi Dinar Guru opinions 10-27-2024

Iraqi Dinar Guru opinions 10-27-2024

10-27-2024 Newshound/Intel Guru Mnt Goat We have been…told by my CBI contact on the committee that we should expect to see the ramped-up Project to Delete the Zeros sometime soon after the U.S. election period is over sometime in November. This period of time through December will begin the process for the swap out with the newer lower denominations. To me this also means about a 1:1 at par rate of the IQD with the US dollar. But remember this is IN-COUNTRY only. Also remember these actions ALWAYS have dependencies. Nothing is a guarantee! I want to make this VERY CLEAR to you today. Read more…

Iraqi Dinar/US Dollar auction results for today 10-27-2024

Iraqi Dinar/US Dollar auction results for today 10-27-2024

Foreign currency sales window results for Sunday 10/27/2024
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The Central Bank of Iraq fines banks and exchange companies about 250 billion dinars

The Central Bank of Iraq fines banks and exchange companies about 250 billion dinars

2024-10-27 02:03

Shafaq News/ The Central Bank of Iraq announced on Sunday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 249 billion Iraqi dinars during the past nine months.

A table of the bank, which Read more…

Iraqi Dinar Guru opinions 10-26-2024

Iraqi Dinar Guru opinions 10-26-2024

10-26-2024 Intel Guru Nader From The Mid East Monday night (Tuesday Morning) I was in bed and I received a phone call around 2 o’clock in the morning over here in the States. They go like, hey Nader you go on Forex and watch what’s happening in Forex…I go to Forex and I see this spike. Boom. Big spike. This first time since 20 years I see it…I look at it and it’s missing one zero. Instead of three zeros is only two zeros…I’m there looking at it. I’m not believing myself what I’m seeing and I see it going down too, back to .00076 …For me they bring to do it. They’re testing it. They testing it late night or early morning over there just to see how it’s going to work out…If you go to google, type in Iraqi dinar exchange rate. Click 5d (last five days view). If you go there you see it loss it’s zero and it’s .0014 instead of .0076 Read more…

Iraqi Dinar Guru opinions 10-25-2024

Iraqi Dinar Guru opinions 10-25-2024

10-25-2024 Newshound/Intel Guru Mnt Goat Article: “I WANT TO SPREAD AWARENESS ABOUT ELECTRONIC PAYMENT? READY TO USE IT?” …we can interpret these electronic debit cards as yet another move by Iraq to open up to the rest of the world…yet another move out of the sanctioned – mode that Iraq has been in just occurred. Thus they are joining the world stage again but bigger and better this time… Read more…

Iraqi Dinar Guru opinions 10-24-2024

Iraqi Dinar Guru opinions 10-24-2024

10-24-2024 Newshound Guru Clare Article: “Removing zeros and revaluing the Iraqi dinar” Quote: “…The term redenomination, or as it is called (removing zeros from the currency). Countries usually resort to it to address rampant inflation and the decline in the value of the local currency, as the old currency is replaced with a new currency at a fixed price by removing at least 3 zeros from the old currency. Currency revaluation becomes necessary when it comes to hyperinflation because it takes a very large number of old banknotes to facilitate trade…An example of this is what happened in 2006 when Zimbabwe renamed its currency at a rate of (1000 old Zimbabwe dollars) for a new Zimbabwe dollar…Renaming the currency is a complex decision that requires a comprehensive study…” Read more…

Iraqi Dinar/US Dollar auction results for today 10-24-2024

Iraqi Dinar/US Dollar auction results for today 10-24-2024

Foreign exchange window results for Thursday 10/24/2024
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Iraqi Dinar Guru opinions 10-23-2024

Iraqi Dinar Guru opinions 10-23-2024

10-23-2024 Intel Guru Frank26 What did Dr. Sabibi want in order to bring forth the new exchange rate for the Iraqi dinar to remove the three zeros sanctioned program rate? Stability and Security…Banks were still being nasty…They were still selling dollars under the table at a ridiculous exchange rate…Isn’t what Jesus was mad about were the money exchangers ripping off the innocent people? Yeah, that’s what I’m mad about because it has delayed my investment. But no more. Do you agree Sudani has control of his banks? He shut down over 100…and bringing in these centers that he is controlling with Alaq from Central Bank of Iraq. Read more…

Iraqi Dinar/US Dollar auction results for today 10-23-2024

Iraqi Dinar/US Dollar auction results for today 10-23-2024

Foreign currency sales window results for Wednesday 10/23/2024
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Removing zeros and revaluing the Iraqi dinar

Removing zeros and revaluing the Iraqi dinar

10/23/2024

The concepts and scientific names in economics differ according to the specialization and the branches derived from it. When talking about the exact specialization, economic variables must be named by their scientific names. One of these names is the term redenomination, or as it is called Read more…

Iraqi Dinar Guru opinions 10-22-2024

Iraqi Dinar Guru opinions 10-22-2024

10-22-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy [Iraqi bank manager friend] wants you to know one of the things they strongly talk about is that currency flotation, and stop the currency auctions, it will be a big solution to help end the black market. FRANK: The currency flotation will be big to end the black market because the CBI auctions, let’s say that would be to the left, but no more. That road to the left has been shut down…So which way can it go? Only to the right. What is to the right? An international float. If it has an international float it’s going to go up in value because everybody’s going to use it buying, selling, trading with the currency adds value as it goes into the float. Read more…

Iraqi Dinar/US Dollar auction results for today 10-22-2024

Iraqi Dinar/US Dollar auction results for today 10-22-2024

Foreign exchange window results for Tuesday 10/22/2024
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Iraqi Dinar Guru opinions 10-21-2024

Iraqi Dinar Guru opinions 10-21-2024

10-21-2024 Newshound Guru Militia Man You have Al-Sudani calling on the House of Representatives to vote in their president. The optics of them having 3 presidencies available all at the same time when/if…they revalue their currency is a pretty big deal. The optics would really look good globally. You got a strong foundation…security and stability at the borders… knocking on the door of the WTO…the TIR contract they signed days ago…international agreements. Everything is gearing up for what? Iraq going international. Read more…

Iraqi Dinar/US Dollar auction results for today 10-21-2024

Iraqi Dinar/US Dollar auction results for today 10-21-2024

Foreign exchange window results for Monday 10/21/2024
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Iraqi Dinar Guru opinions 10-20-2024

Iraqi Dinar Guru opinions 10-20-2024

10-20-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy…knows someone that attended a big meeting with the Untied States Treasury and the CBI and they said Iraq is coming off the electronic platform. FRANK: The auctions. FIREFLY: And expanding the dinar to go outside of our borders and go international at the end of the year. So all we will see for now on, according to Mr. Sammy, are just steps taking place to get there. But the grand prize will not happen until the end of the year. Mr. Sammy said his friend was there and knows this first hand. FRANK: My heart still holds out for this year though but…these two months are important to make sure everything comes out in order for the citizens to be successful. Read more…

Iraqi Dinar/US Dollar auction results for today 10-20-2024

Iraqi Dinar/US Dollar auction results for today 10-20-2024

Foreign currency sales window results for Sunday 10/20/2024
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Iraqi Dinar Guru opinions 10-19-2024

Iraqi Dinar Guru opinions 10-19-2024

10-19-2024 Intel Guru Frank26 Remember when…Alaq went to the United States Treasury and then he came back and then Sudani went to the Untied States Treasury in New York…Do you know where the United States Treasury is right now? …In Baghdad at the CBI…During this meeting, IMF probably, WTO, well of course, they’re there…What did they discuss? The financial inclusion plans in Iraq and about the digital transformation. This is all part of the monetary reform… Read more…

Al-Sudani’s advisor: Iraq maintains an effective hedging tool to protect the dinar and curb inflation and volatility

Al-Sudani’s advisor: Iraq maintains an effective hedging tool to protect the dinar and curb inflation and volatility

10-19-2024

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that Iraq holds about 150 tons of gold, noting that it is a means to support the value of the dinar, achieve economic stability, and a hedge Read more…