Posts Tagged ‘Iraqi Dinar’

Iraqi Dinar Guru opinions 7-23-2024

Iraqi Dinar Guru opinions 7-23-2024

7-23-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
My bank guy did say dropping the zeros does not change the value. FRANK: He’s right. Because it’s going to be 1 to 1 with the American dollar. It doesn’t effect it inside. It will effect it outside. No it will not change it. When it floats it will change it. FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop. We are not like that. We drop to add value. It’s all inflation based. Read more…

Iraqi Dinar/US Dollar auction results for today 7-23-2024

Iraqi Dinar/US Dollar auction results for today 7-23-2024

Foreign exchange window results for Tuesday 7/23/2024
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Iraqi Dinar Guru opinions 7-22-2024

Iraqi Dinar Guru opinions 7-22-2024

7-22-2024 Newshound Guru Militia Man They’re going to delete the zeros. You don’t create value by deleting zeros and implementing small category notes. You can’t take 1310, which is .00076 to the dollar and just delete the currency and implement it without changing the value. It doesn’t work that way… .0007 is far less than a penny. You guys settle down. Pay attention… Read more…

Iraqi Dinar/US Dollar auction results for today 7-22-2024

Iraqi Dinar/US Dollar auction results for today 7-22-2024

Foreign exchange window results for Monday 7/22/2024
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Iraqi Dinar Guru opinions 7-21-2024

Iraqi Dinar Guru opinions 7-21-2024

7-21-2024 Newshound Guru Militia Man Article: “Removing the zeros from the Iraqi currency talks returns and possibility of implementation” How is that possible…without having value? …When they talk about removing zeros from the Iraqi currency they’re talking about returning to a previous era. They’re talking about the glory days. I think everybody…knows in the country too, I just can’t say we can prove it from a link in print. But the expectation is Iraq is going to bring value to their currency. We know that by Al-Sudan’s comments…that the Iraq dinar would be 1 dollar…equal 1.32 dinar. Read more…

Iraqi Dinar/US Dollar auction results for today 7-21-2024

Iraqi Dinar/US Dollar auction results for today 7-21-2024

Foreign currency sales window results for Sunday 7/21/2024
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The Central Bank of Iraq imposes financial penalties on banks and exchange companies amounting to 43 billion dinars

The Central Bank of Iraq imposes financial penalties on banks and exchange companies amounting to 43 billion dinars

2024-07-21 02:47

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 43 billion Iraqi dinars during the past three months.

A table of the bank, which Shafaq News Agency reviewed, showed that the fines Read more…

Iraqi Dinar Guru opinions 7-20-2024

Iraqi Dinar Guru opinions 7-20-2024

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… Read more…

Proposed measures to address the rise of the dollar

Proposed measures to address the rise of the dollar

2024-07-20 05:14

The high exchange rate of the dollar against the Iraqi dinar poses a major economic challenge in Iraq, as it leads to a decline in the value of the Iraqi dinar and an increase in prices, which negatively affects citizens’ purchasing power and the stability of the national economy.

To address this situation, a set of proposed solutions and measures Read more…

Iraqi Dinar Guru opinions 7-19-2024

Iraqi Dinar Guru opinions 7-19-2024

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, yellow 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. Read more…

Iraqi Dinar Guru opinions 7-18-2024

Iraqi Dinar Guru opinions 7-18-2024

7-18-2024 Intel Guru Frank26 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… Read more…

Iraqi Dinar/US Dollar auction results for today 7-18-2024

Iraqi Dinar/US Dollar auction results for today 7-18-2024

Foreign exchange window results for Thursday 7/18/2024
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Ministry of Finance announces launch of new issue of government achievement bonds

Ministry of Finance announces launch of new issue of government achievement bonds

2024/07/18

The Ministry of Finance announced today, Thursday, in cooperation with the Central Bank of Iraq, the launch of a new issue of government achievement bonds (second issue) for public subscription.

A statement by the ministry, received by {Al Furat News}, stated that “the Public Debt Department in the ministry, in cooperation with the Central Bank of Iraq, Read more…

Iraqi Dinar Guru opinions 7-17-2024

Iraqi Dinar Guru opinions 7-17-2024

7-17-2024 Newshound/Intel Guru Frank26 Do you see a 50,000 Iraqi note? Do you see the 3-zeros have been slashed off the 50,000 note? Isn’t that wonderful? Educating the citizens. Those of you who understand Arabic enjoy! Woohoo! It’s not a secret anymore. Everybody knows…It’s from the Saudi Arabia area. Quote “The project to delete zeros from the currency is still in place. It was confirmed by the Governor of the Central Bank of Iraq…It means the value of 1,000 note is 1,000 dinars and will be replaced by a note worth one dinar of the new currency.” Read more…

Iraqi Dinar Guru opinions 7-16-2024

Iraqi Dinar Guru opinions 7-16-2024

7-16-2024 Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY:
My bank guy just flat out came out and told me, to be honest with you I think it will reinstate to what it was before and then it’s going to float like any other international currency…It’s more from the rumor mill. FRANK: I know it’s going to reinstate. You know it. The money exchangers know it, that’s why they went ape %$^%. That’s why they’re happy! …This is the 3rd time your bank friend tells you $3.22 and it will float…That is the most logical thing for the CBI to do. Read more…

Iraqi Dinar/US Dollar auction results for today 7-16-2024

Iraqi Dinar/US Dollar auction results for today 7-16-2024

Foreign exchange window results for Tuesday 7/16/2024
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Through the dollar and the yuan… the US Treasury continues to impose its guardianship over the Iraqi economy

Through the dollar and the yuan… the US Treasury continues to impose its guardianship over the Iraqi economy

7-16-2024

Information/Report..
The Parliamentary Finance Committee had previously threatened to demand that the Central Bank address the issue of the exchange rate and the fluidity of foreign trade by using the currency basket diversification system, so that the Central Bank and Iraqi traders have more options.

A currency basket system is a monetary system used by the central banks of Read more…

Popular movement: The government is still unable to confront the dollar crisis

Popular movement: The government is still unable to confront the dollar crisis

7-16-2024

Information/ Baghdad..
The head of the Popular Movement’s regulatory body, Hussein Ali Al-Karawi, confirmed today, Tuesday, that the government’s submission to American dictates made it unable to confront the dollar crisis.

Al-Karawi said in an interview with Al-Maalouma Agency, “The rise in the dollar exchange rate in local markets has become worrying,” indicating that Read more…

Iraqi Dinar Guru opinions 7-15-2024

Iraqi Dinar Guru opinions 7-15-2024

7-15-2024 Newshound Guru Militia Man Ceasing the dollar auctions as we know it. Tomorrow [Monday] is supposed to be the first day they’re going to have a new mechanism for using the dollar and selling that dollar. People are going to have to play by the rules and be part of that FITR platform. We have to go from there to see… Read more…

Iraqi Dinar/US Dollar auction results for today 7-15-2024

Iraqi Dinar/US Dollar auction results for today 7-15-2024

Foreign exchange window results for Monday 7/15/2024
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