Posts Tagged ‘Iraqi Dinar’

A “disturbing” economic vision about the relationship between oil prices and the budget deficit

A “disturbing” economic vision about the relationship between oil prices and the budget deficit

9-8-2023

Information / Baghdad..
Today, Friday (September 8, 2023), economist Nabil Al-Marsoumi confirmed that the oil revenues achieved until August 2023 amounted to 61.513 billion dollars, which is equivalent to 80 trillion dinars, while he indicated that the estimated oil revenues in the 2023 budget = 90 billion dollars, which is equivalent to Read more…

Iraqi Dinar Guru opinions 9-7-2023

Iraqi Dinar Guru opinions 9-7-2023

9-7-2023 Newshound/Intel Guru Mnt Goat Iraq records the highest oil revenues since the start of 2023 which is also 2/3 more oil pumped than in 1991. The dinar rate in 1991 was over USD $3. So why is the currency still being under valued? Yes, it is important to get out of a “rentier economy” based solely on oil and this will also create yet more wealth. But what about right now…I am talking about today! Doesn’t the oil wealth mean anything? Doesn’t the 113 billion in reserves and 132 tons of gold mean anything? Not to mention all the minerals and agricultural products being exported. So why still at 1/6 of a penny? Read more…

An optimistic vision.. The demand for the dollar will decrease and it may disappear from the informal market

An optimistic vision.. The demand for the dollar will decrease and it may disappear from the informal market

9-7-2023

Today, Thursday, the economic expert, Safwan Qusay, predicted that the demand for the dollar would gradually decrease and that the dollar might disappear from the informal market.

Qusai said, in an interview with ” Al-Jarida “, that “the central bank is trying to approach the requirements of the US Federal Bank and the US Treasury, which is Read more…

Iraqi Dinar Guru opinions 9-6-2023

Iraqi Dinar Guru opinions 9-6-2023

9-6-2023 Intel Guru Frank26 If we had about a million Americans citizens all of a sudden came out millionaires instantly that would be a really good shot in the arm for America’s structure wouldn’t it? It would… Read more…

Iraqi Dinar Guru opinions 9-25-2023

Iraqi Dinar Guru opinions 9-25-2023

9-5-2023 Intel Guru MarkZ [via PDK] My Iraqi contacts are hesitantly excited with expectations for this week. There are more and more confirmations that the government is using that 1132 rate with contractors right now. I feel pretty confident the CBI is starting to make moves. They have said before they would stabilize at that rate and then give us the big change we are looking for. We just need to wait and see what pops out of all this. The chatter is overwhelming right now that things have finished… Read more…

Iraqi Dinar/US Dollar auction results for today 9-5-2023

Iraqi Dinar/US Dollar auction results for today 9-5-2023

The results of the foreign currency sale window, Tuesday, 9/5/2023
Announcement No. (4959 ) Read more…

Iraqi Dinar Guru opinions 9-4-2023

Iraqi Dinar Guru opinions 9-4-2023

9-4-2023 Newshound Guru Militia Man I wrapped up this week talking about all the progress that has been made. What has been done since January. Big things like joining the World Trade organization as an observer status…which has been ongoing since 2004…in February to August we see they are gearing up for full ascension to the WTO and this is a big deal. They will be out in the world economy again and in the global financial system. My understanding is they have the security and stability in the country…enough that we can see all the countries making deals and doing things with Iraq. …Iraq is going to make a lot of money…once they have an article 8 exchange rate …that is required…For full ascension…all of us will have a different venue in a short period of time. Read more…

Iraqi Dinar/US Dollar auction results for today 9-4-2023

Iraqi Dinar/US Dollar auction results for today 9-4-2023

Results of the foreign currency sale window Monday 9/4/2023
Announcement No. (4958 ) Read more…

Iraqi Dinar Guru opinions 9-3-2023

Iraqi Dinar Guru opinions 9-3-2023

9-3-2023 Intel Guru Frank26 I have a dear friend who used to be military…but still works indirectly. Therefore consider my friend to have contractual agreements. These contractual agreements are with Iraq and Vietnam. My friend calls me and say, ‘Frank, I’m ready to expand…but my financial people are telling me wait…There is a major financial change that is about to occur and we think it would be wise for you to just wait. You see Iraq has a lot of dong in their reserves and Vietnam Central Bank has a lot of Iraqi dinar in their reserves.’ Something is happening. Read more…

Iraqi Dinar/US Dollar auction results for today 9-3-2023

Iraqi Dinar/US Dollar auction results for today 9-3-2023

The results of the foreign currency sale window, Sunday, 9/3/2023
Announcement No. (4957 ) Read more…

Iraqi Dinar Guru opinions 9-2-2023

Iraqi Dinar Guru opinions 9-2-2023

9-2-2023 Newshound/Intel Frank It’s not like you’re going to need a receipt [from when you bought your dinars] when you exchange. No body at at a bank is going to say, ‘Greetings, Mr. Smith. You have a million dinars, let me see your receipt.’ All they care about is, let me see the dinar. And you say, ‘Here’s my certificate of authenticity.’ Well you can take that and throw it in the garbage. Look, we’ll [The bank] tell you if these dinar are good are not… Read more…

Iraqi Dinar Guru opinions 9-1-2023

Iraqi Dinar Guru opinions 9-1-2023

9-1-2023 Newshound Guru Militia Man What’s this business about this 1132 that Alaq mentioned? Alaq is the central bank governor…He said the official exchange rate for the Iraqi currency is 1132…A lot of people are going, ‘Well that’s not true!’. The fact remains…he said it…as the official rate of the Iraq dinar but it’s not on their website. I’m not making it up. I’m not giving you accusations…it’s proved… Read more…

Iraqi Dinar Guru opinions 8-31-2023

Iraqi Dinar Guru opinions 8-31-2023

8-31-2023 Intel Guru Frank26 It’s the World Bank that is constantly meeting with the CBI governor and Sudani right now. The reason why is because of the reforms…They can’t make it any more clear…They are making sure Iraq is set up with external transfers. This is all for the banking reform education. Read more…

Iraqi Dinar/US Dollar auction results for today 8-31-2023

Iraqi Dinar/US Dollar auction results for today 8-31-2023

The results of the foreign currency sale window, Thursday 8/31/2023
Announcement No. (4956 ) Read more…

Iraqi Dinar Guru opinions 8-30-2023

Iraqi Dinar Guru opinions 8-30-2023

8-30-2023 Newshound/Intel Guru Mnt Goat I presented scenarios to you in the past about the rate of these 3 zero notes…the rate is already close to 1:1 only they added 3 zeros to the currency. By adding these three zeros it circumvents any real profit for us investors until they delete the zeros and issue the newer notes. Our 3 zero notes then will still be valid currency, thus we multiply the new rate times the notes face value. Read more…

Iraqi Dinar/US Dollar auction results for today 8-30-2023

Iraqi Dinar/US Dollar auction results for today 8-30-2023

The results of the foreign currency sale window, Wednesday, 8/30/2023
Announcement No. (4955 ) Read more…

Iraqi Dinar Guru opinions 8-29-2023

Iraqi Dinar Guru opinions 8-29-2023

8-29-2023 Intel Guru Frank26 1320 is not the official rate…that’s just the street rate…They told you very plainly 1132 is the official exchange rate today. I’m not saying they’re using 2 exchange rates. That’s against the law. But there’s nothing against the law to have two sets of books. The CBI website may show 1320 but IMO the economic reforms are at a different rate with permission to do so. Read more…

Iraqi Dinar/US Dollar auction results for today 8-29-2023

Iraqi Dinar/US Dollar auction results for today 8-29-2023

The results of the foreign currency sale window, Tuesday, 8/29/2023
Announcement No. (4954 ) Read more…

Iraqi Dinar Guru opinions 8-28-2023

Iraqi Dinar Guru opinions 8-28-2023

8-28-2023 Intel Guru Frank26 How do you get an increase in the Iraqi IQD? It is by adding value to the dinar that you take value away from the American dollar. Read more…

Iraqi Dinar/US Dollar auction results for today 8-28-2023

Iraqi Dinar/US Dollar auction results for today 8-28-2023

Results of the foreign currency sale window Monday 8/28/2023
Announcement No. (4953 ) Read more…