Sandy Ingram – Dinar Guru  Iraq finally had an election and there is a new prime minister who is friendly with Iran.  Large sums of U.S. dollars began flowing into Iran who is under sanctions.  The United States immediately stopped the flow of U.S. dollars into Iraq ..and Iraq was on its way to looking like Zimbabwe .  Fortunately a delegation was called to Washington D.C. and for 6 days and nights they hammered out a plan.  We believe we are seeing the plan unfold…Iraq is all about making progress and when this progress continues the value of their currency will increase against the U.S. dollar.  This is what we are waiting for.

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Pimpy – Dinar Guru  If the RV hasn’t happened by the time the currency is on the Forex it should show in real time…There’s a good possibility that before it hits the Forex that the RV will happen.

Moutain Goat – Dinar Guru  Yes, we are VERY close to something big happening with the dinar…Yes, I do have some concerns about not seeing any news about the project to delete the zeros… Integral to the RV is this project to delete the zeros. One can not happen without the other. Many time already, Al-Sundani has told the citizens of Iraq the dinar is stronger than the dollar. …Yet it is still less than 1/6 of a penny. So when will they make this move and prove it to the citizens and given them a new rate?

Deepwoodz – Dinar Guru  Comment:  “It’s the CBI that changes the rate not parliament. The CBI can do it anytime.”  Constitution Article 110 – The federal government shall have exclusive authorities in the following matters:  …Formulating fiscal and customs policy; issuing currency; regulating commercial policy across regional and governorate boundaries in Iraq; drawing up the national budget of the State; formulating monetary policy; and establishing and administering a central bank.”   Response: So although the CBI actually change the rate, they do it at the PM’s & COM’s discretion. Case in point, when Sudani became PM he fired Mustafa Galeh and installed Alaq.

Mountain Goat – Dinar Guru   The articles this week are still rolling out yet more currency reforms but most importantly they are now “enforcing” the new CBI currency mandates and sole use of the dinar with a special task force of policemen. WOW! WOW! WOW!   So we can [see] they mean business. I feel there is now no turning back. This is moving forward…we are heading for the long awaited reinstatement of the Iraqi dinar to FOREX not as a placeholder but open for business trading…We could possibly see what we are looking for prior to June.

Pimpy – Dinar Guru  The official rate, which is when the bank tell you it’s a fixed rate – not floating.  In the streets what you have is a black market where people will pay you more dinar than you would normally get from the bank in order to get the US dollars…it has nothing to do with it floating …there’s the official one [rate] and a parallel [black market] one [rate]…all you have to do is pay attention to what the Central Bank is telling you.

Militia Man – Dinar Guru  It’s the CBI’s job to make a rate change adjustment.   It’s not the parliament or it’s not the Council of Minister’s or the Finance Committee’s job to do that…

NORV – Dinar Guru …I have always stated with the success of Iraq’s economy will come the increase of the dinar. …some interesting news…Article:  “The Social Security Law includes many privileges for workers in the private sector”  This law was passed last weekend…This is critical to get people off the government payroll and working for the private sector which has been stated already will not only diversify Iraq’s economy but rebuild the country.  Article:  “Retirement: The insurance law will provide a salary for more than two million workers in the private sector.” They plan to launch this law in August. Which in essence means they will launch the private sector at that time. This is big news.  So we can expect significant changes come August to Iraq’s economy coming yet this year.

Nader – Dinar Guru  No one can change the rate besides the CBI…telling you the truth we’re not ready yet.  They’re working on it.  They have good news.  They have good things going on but they’re not ready.  When they’re ready you will know…we all will know…

Pimpy – Dinar Guru  I would like to see Iraq un-peg their dinar from the US dollar and peg to the same basket that the Arab Monetary Fund uses…22 or 23 nations are involved in this organization and they all trade using their own special dinar.   That value is really high.  It’s the SDR rate, which I think is 1.76 x 4.  That’s how they figure out what the value of their [basket] dinar is worth. 

Dallasdude – Guest Guru   I personally have said for months that I did not expect a rate that favored us with the passing of the budget because they have said repeatedly for months that the official exchange rate will be in the 1300 range when budget is passed..their economy needs time to grow and over a period of time we hope gets in the 1 to 1 range or 1.50 to 1 whatever the case may be…this is not meant at all to be negative because quite honestly I really love the progress this current Iraqi administration is making…

Clare – Dinar Guru  Article:  “Planning: Items in the budget to address the impact of the dollar exchange rate”  Quote  “…serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens,”

Mountain Goat – Dinar Guru  I have to say it is all very good and the CBI and GOI are working together to move in the direction they need to take for us to very possibly see the reinstatement back to FOREX (Foreign Currency Exchange) by June or about. There are no obstacles. They must have a budget passed and in place. Also they must have agreements for the oil and gas law… we may be in the window to finally see this RV to the end… We will just have to sit tight and wait this one out.

Pimpy – Dinar Guru   It’s the same gibberish going on out there.  How many millions of different times can you say that we’re just waiting for the budget to be approved?

Clare – Dinar Guru  Article: “Al-Rafidain directs the collection of taxes and customs fees in Iraqi dinars”  Quote: “Al-Rafidain Bank directed its branches at the border crossings to collect taxes and customs fees in Iraqi dinars instead of dollars…The bank also decided that the receipt of the stamp fee will be in Iraqi dinars, noting that this step is in support of the national economy and strengthening the currency of the Iraqi dinar.”

Pimpy – Dinar Guru   Yes, I heard there’s an extension to executive order 13303 and everybody’s losing their mind.  ‘This must mean something.  What is it Pimpy?  Has something to do with the dinar.‘ … No it doesn’t say anything about the currency…the executive order that was signed that everybody keeps talking about it allows you to invest in the country…it’s the American’s way of protecting the money that has been generated from oil and gas revenues over in Iraq…

Deepwoodz – Dinar Guru   When Iraq initially changed the rate to 1310, it showed up for the first time internationally March 28. At least on the two boards I can see.  From that point, it would be 1310 for a day or two then back to 1460 for two or three days and then repeat that cycle until May 2.  May 2 it was 1460 and changed to 1311 on May 3.  Wednesday May 3  to now…. it has flatlined at approximately 1310.  I think this could be considered stable.

Sandy Ingram – Dinar Guru  Article: “The governor of the Central Bank comments on the recent rise in the dollar exchange rate”  He pointed out that those who go to buy dollar from he black market…may experience problems in the transactions they make.  It sounds as if Iraq got the message loud and clear from the United States…We do not know how this will affect the exchange rate in the future…

Pimpy – Dinar Guru  Article:  “Central Bank attributes the reduction of the dollar exchange rate to the increase in cash reserves and electronic platform”  What the cash reserves do, it allows them to flood the market with a competing currency therefore driving down the exchange rate slightly.  In this case Iraq’s parallel Market, people were given up quite a bit of dinar to get the U.S. dollar.  And what that does is affect the official rate. 

Clare – Dinar Guru  Article: “Campaign to support the Iraqi dinar” launched in Diyala”    Quote:   “…the Organized Crime Director announced the implementation of a major campaign, in cooperation with the Diyala Police, to deal in dinars instead of dollars.“

Mountain Goat – Dinar Guru   Article:  “POLITICAL AGREEMENT TO PASS THE BUDGET LAW IN THE NEXT FEW DAYS”   Quote:   “...most of the political forces, finally agreed to pass the budget law this week without putting any obstacles.”  They are aiming to take a vote on May 17th tomorrow.

Sandy Ingram – Dinar Guru  Article:  “Iraqis banned from dealing in US dollars”  Quote:  “Government warns of punishments as it tries to control currency crisis that has let to price rise…the surprise announcement …reflects an attempt to close the gap between the official exchange rate and that on the black market…“

Militia Man – Dinar Guru  I believe we are watching Iraq go international.

Pimpy – Dinar Guru   The representatives have accomplished their second reading of the federal budget and it looks like they’re going to do a vote on the budget sometime around the middle of next week or so…if they continue to delay the vote on the budget it’s going to make this particular government look bad…will it get passed?  You hope, the sooner the better because there’s a lot of projects out there that are waiting for funding.  If they can get these projects going IMO you’d be looking at some great growth economically over in Iraq…

Clare – Dinar Guru  Article: “Iraqis banned from trading in US dollar” Quote: “The Iraqi Ministry of Interior issued a ban…prohibiting traders and civilians from conducting business in the United States (US) dollar,“

Nader – Dinar Guru   Something is happening this morning.  The float has been started guys.  It’s floated and we see what’s going on.  For now everything is calm.  Nothing is coming out.  The budget will come out this week.  Tomorrow I hope…they’re gonna announce it.  So get ready for everything…I want to say congratulations but not yet.  Don’t get all excited.  Keep grounded and just wait…

BGG ~ Pure speculation…

Mountain Goat – Dinar Guru   Article:  “IRAQ IS EXPERIENCING AN UNPRECEDENTED PERIOD OF STABILITY”  Go RV! Go RV! Yes, the STABILITY we all have been waiting for. Its here! This stability only came as a result that Al-Sudani is not going along with the goals of the Coordination Framework. Instead he realizes Iraq must progress forward and it is time. But these Framework politicians in Parliament are holding back and trying to delay once again…But we will see very soon what happens as June 1st is very near.

Clare – Dinar Guru  Article:  “For the first time in 15 years, the dinar devours 30% of the (dollarized) car market in Iraq”  Quote:  “the return to the dinar will weaken the demand for buying dollars from the parallel market by up to 20%, which means reducing the demand for buying them and blocking the way for repeated speculation to raise prices and reap profits by some.“

Sandy Ingram – Dinar Guru  Article:  “Customs achieves the highest revenue rate during the first quarter of 2023”  Customs department is proving to be a high stream of income for Iraq in the first quarter of 2023.  Revenues amounting to more than 214 billion dinars from custom duty collections.  This equals around $163 million US dollar.