Breitling – Dinar Guru  Question: “When Iraq puts value on its currency will it start out at .40 cents, .50 cents?  I’ve heard they want to get it to a dollar.”  That’s exactly what they want to do.  At a minimum they want to get it to $1.17.  Remember parliament, The Ministry of Planning, The Ministry of Finance wrote a letter to the IMF – ‘can you help us get our currency back to $3.25‘.  ‘Absolutely we can help you do that.‘  But it’s a process…the .50 cents and above – where that came from is what do they need to have a GDP that can maintain the country and help it grow at a healthy 4% per year and…help expand their markets.  At the point I was doing that math (it might have changed a little bit) it was like .58 cents.  The best math we could come up with.

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Kaperoni – Dinar Guru  …The dinar has value. It is not a lottery ticket therefore it is not worthless. Hopefully with the success of their economy they will raise the value but it’s going to be overtime.

Pimpy – Dinar Guru  Article: “For the second day, the dollar exchange rate fell”  That’s right the dollar is losing ground on Iraqi dinar but it’s not like it’s huge leaps and bounds.  They’re very small but the dollar is becoming weaker and Iraqi dinar will become stronger…

Mountain Goat – Dinar Guru  Article:  “AL-KAZEMI’S FINANCIAL ADVISOR TALKS ABOUT CHANGING THE EXCHANGE RATE”   …this article does not tell us what they mean by changing the exchange rate. Could this mean back to the pre-devaluation program rate or the RV we are looking for? …anyway you look it, the news is very good. We know that under Dr Shabibi the monetary reserves of Iraq reached $90 billion. …they have reached a record high and so they must be over $90 billion reaching close to $100 billion. If oil continues to rise, as they project it will, Iraq will reach over $100 billion in reserves...

Pimpy – Dinar Guru   I’m not saying that an RI or an RV won’t be announced.  I’m saying that it makes more sense to me they’re going to let it go up in increments.  In fact it says something similar in here.  Article quote:  “…it is possible for the state to gradually improve the Iraqi dinar exchange rate because the shock method adopted and change in the exchange rate was not appropriate…”  More talk about the rate change.  That’s good…there you have it the talk about the rate change happening once again…

Kaperoni – Dinar Guru   So what are we waiting for? That is a question that everyone asks. The truth is… Iraq was devastated in the war and their infrastructure was completely demolished. This is a complete rebuild from the ground up…They also need to implement and encourage latest technology throughout the government, banking system, and educational system to educate the citizens. Not an easy task.  And then you need to bring multiple global businesses, organizations into Iraq to facilitate. [Post 1 of 2]

Kaperoni – Dinar Guru   It is a huge undertaking. And like  I said numerous times, until Iraq’s economy prospers the Iraqi dinar will not go up in value.  So we need the newly-elected parliamentary members to be sworn in and begin to pass the necessary laws to encourage foreign investment. We need stability in Iraq to continue. We need the new prime minister to continue to implement reforms…    [Post 2 of 2]

Breitling – Dinar Guru  Question:  “Is it a fact that Iraq has lower notes in their banks?”  No…unless the CBI talks about it or one of the banks in Iraq talking about it why would you even contemplate it? 

Vital Brad – Dinar Guru  Article: “Iraqi banks get a rating from international agencies”  Article quote:  “19 licensed banks in Iraq have obtained a rating from the accredited International rating of agencies – Capital Intelligence, Fitch, Moody’s Standard and Poor…”  Wow!  Article quote:  “reflects the development and the performance of the banking sector in Iraq and the solvency of banks and is evidence of their compliance with local and international standards...”  That changes everything.  Holy shit.  It’s saying Iraq is international standards. 

Kaperoni – Dinar Guru  Raising the value of the Iraqi dinar is not an arbitrary event it is a tool used to counter inflation created by economic growth, success and a influx of capital in Iraq’s economy.  Until Iraq passes laws, and begins to build their economy nothing is going to happen… If the dinar goes up in value it will be gradually via a float over time as Iraq’s economy grows…

Pimpy – Dinar Guru  Yes, that’s right there’s talk of an exchange rate change and that’s got the big-what-to-do going around the dinar community…  Article:  “After the rise in oil, expert reveals the possibility of reducing the dollar exchange rate with this mechanism“.  Here we go.  This is what everybody’s talking about…What they’re talking about is decreasing the dollar against the dinar – giving the dinar more purchasing power.  That’s the direction we want to go into… [Post 1 of 2…]

Pimpy – Dinar Guru   Quote:  “an economic expert revealed on Wednesday the possibility of returning the dollar exchange rate to its previous era…”  When they say era I think they’re talking about where it was prior to this last move.  Instead of getting 1450 dinars for every dollar you’re going to get 1190 dinars…not the big jump.  Not yet.
 I do think it’s going to go up in increments a lot faster than people think.  We don’t have to wait for an RI or an RV.  Through a normal course of how currency gains its purchasing power we can watch for that because it seems to be happening… [Post 2 of 2]

Mountain Goat – Dinar Guru   …Changes are coming and these changes we will like. This is when we will get the reinstatement…

Holly – Dinar Guru   I am going to say very little. We are close. Do not fret the hour or the day. Do not question all the details. Know it is happening and underway…

Pimpy – Dinar Guru  There’s a lot of people expecting this RV announcement or an RI announcement and I’m not saying that’s not going to happen but I’m saying the most likely scenario is we just pay attention to what’s going on in the country and then we could watch as time goes on and they continue to get back on solid ground they start to restore the nation you’re going to see quickly over a couple years it [the dinar rate] jump up in huge increments…

Pimpy – Dinar Guru  {Election}  It’s looking good.  There are some discrepancies but hopefully nothing major.  Let’s hope that all the right people we want to see get in office get in there because we want to see them raise the exchange rate of the dinar against the international communities…

President Saleh: The end of the elections is a starting point for the desired reform

Baghdad – The President of the Republic, Barham Salih, stressed, on Sunday, that the completion of the elections is a starting point towards the reform that the people seek and an affirmation of their democratic choice.

Saleh said in a statement, of which “Nass” received a copy, on September 10, 2021, that the completion of the elections is a starting point towards the reform that the people seek and an affirmation of their democratic choice.

“We thank the government, the security services, the Electoral Commission, and international observers for preparing the requirements for success on this historic day,” Saleh concluded.

Dinarupdates.com/blog

Mountain Goat – Dinar Guru  Article:  “MR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH. WE WILL FIGHT THE CORRUPT BY LAWMR. AL-SADR: TO RESTORE IRAQ’S PRESTIGE AND STRENGTH.. WE WILL FIGHT THE CORRUPT BY LAW”  Okay, so now we have the support of Sadr and Al-Kezemi in the White Paper reforms. How can the news get any better?

MilitiaMan – Dinar Guru  Article:  “The Cabinet Secretariat approves the mechanisms for lending large projects”  If this article is suggesting they have an approved mechanism (as an example that a Dinar is equal to a Dollar), then they did a good job leaking that out. They did that on the back of the Sadr horse with one heck of a start out the gate in respect to changing the value of the exchange rate! If that is the case I can understand a gradual increase from there with a managed or directed float. Regardless this is looking very good and timed with urgency. There are to be procedures in place on the 17th per the CBI for foreign currency exchange… Being 1:1 at that time may very well be necessary so that the Dinar can begin the journey to being in the ranks with global currencies!!…

Claire – Dinar Guru  Article:  “The International Monetary expects significant growth in the Iraqi economy and a decline in inflation in 2022”  Quote: “the gross domestic product is expected to grow significantly, outperforming all oil-producing countries, to reach 10.5 percent...

Pimpy – Dinar Guru  Article: “New Instructions for buying and selling foreign currency for the year 2021 and the stability of the dinar exchange rate”  This is the one everybody’s talking about…the wording in here is a little eye-catching…what I like is the fact that they’re saying they have to hold enough foreign reserves to be able to handle any kind of exchange that comes in. Now calm down…That doesn’t mean there’s going to be a rate change…they’re definitely building up the private sector and that’s what they need to do...just so you guys know part of the calculations for any foreign currency to have its value is the amount of foreign reserves that it has and it appears Iraq is getting there.

Desert Advisor – Dinar Guru  A few weeks ago it was announced by one of the representatives about the price of oil.  Quote: “Representative Al Nassif called on the Minister of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars…”  They are announcing publicly from pretty much their members of congress talking about they want to raise the rate.

Kaperoni – Dinar Guru   Al- Sadr made a statement …in the media after winning the largest Bloc that “We will work to raise the iraqi dinar to be in the ranks of global currencies gradually.”  In other words there is no overnight RV as I’ve been saying all along. What that is saying really is they will float and it will go up gradually based on the growth of the economy…

Mountain Goat – Dinar Guru  The Central Bank of Iraq (CBI) in coordination with the Finance Ministry will decide when the RV happens not some election cycle. They will do it based on sound economic and financial policies…First, we need to see the project to delete the zeros...There is a process involved…the beginning of the fiscal year is the most opportune time for the CBI to conduct this process…the first step being to kick off the process with the project to delete the zeros. Then the CBI monitors or watches for inflation (how long we don’t know and even the CBI does not know) and if all went well within Iraq they would then decide or decline to go to FOREX and reinstate the dinar. To ensure the crash of the Iraqi dinar does not happen upon the reinstatement, they are pursuing (have pursued) all avenues to beef up the dinar and support the new coming rate. …we all should be very happy this is taking place and witnessing it right in front of our noses.

Pimpy – Dinar Guru   Looks like some exciting news … The Sadr movement made some great achievements in the elections…they now control the parliament and this man is making a commitment that’s catching the buzz around the dinar community…there’s big talk about the change in the exchange rate of the dinar.  How big?  Who knows.  We’re gonna find out here shortly…there is a lot of chitta chatter happening once again about the dinar...Sadr has 73 [seats in parliament] that’s huge…almost twice as many as [the group that came in] second…

RVAlready – Dinar Guru    …The RV is in the hands of the CBI. The RV should be done by a month from now…Independent of the election, etc, etc…They do not need a new government to do the RV. They need a govt, but not for the RV…the IMF is pushing the CBI to get this done already.  CBI declared Iraq stable months ago…It looks better to me now, than any time in the past. Iraq has laws in place, and the QFS is operational…

Claire – Dinar Guru  SO IN A TELEVISED SPEECH TODAY SADR SAYS THIS:  “We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,”  Great news indeed.  Now time to put it in action…

Mountain Goat – Dinar Guru   So now the election is over.  Al-Sadr party won the majority of election seats… he supports implementing the White Paper…and Al-Kazemi will most likely be the candidate that Sadr will chose and it will be official soon. …the election is not a trigger for the RV. It never was and never will be…There never was any indication that the election had to be done first to get the RV... Just like the budget having to be passed each year…So, was the election on Oct 10th important? Sure…I believe that Al-Kazemi will continue as the prime minister and this is a very good thing…

Samson – Dinar Guru   “Al-Sadr: We will work to raise the level of the Iraqi dinar“. Quote:   “he pledged, We will work to raise the Iraqi dinar to be in the ranks of global currencies gradually,“…