MilitiaMan – Dinar Guru Article quote: “Kurdistan’s Prime Minister, Masrour Barzani announced, on Tuesday, that an agreement had been reached with Baghdad on the Region’s share of the federal budget.” ...the Kurds have a deal that is retro active. That deal is very timely… Kahdimi wouldn’t agree until he was ready for the when, hence the talk of suing yesterday seems to have stimulated things along… That… deal is coming out and quickly, imo… I can’t imagine the Kurds being quiet about it anymore… There is a deal and deals in digital currency can move fast… imo…We are in a very good place.
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Pimpy – Dinar Guru Article: “The dollar is falling with the closure of Baghdad markets” They’re starting to lose their trust in the U.S. dollar. It’s something I thought would never happen…I never thought it was possible…we know that the dollar continued to gain over and over on the Iraqi dinar. Iraq had to take some steps…to keep that from happening…and it appears they’ve done a great job. The dinar appears to be gaining so far. It’s just a minor step but it’s still a good step…So instead of you getting 1550 for every dollar, it’s back down to 1490 and it’s going to continue to drop. Let’s hope so. It seems to be going in the right direction. That’s what we want.
Petra – Dinar Guru What is the end game? If you look at the challenges Iraq is having now in regards to the Kurds and they’re threatening a lawsuit. The governance is looking for their HCL money. The countries that are just waiting to invest in Iraq. We’re down to a single move. Once that single move occurs all of this stuff goes away. The Kurds aren’t going to sue if they get their monies…All of this goes away at the change of a rate…they’ve done everything…They’re ready to go. They just need the rate…
Pimpy – Dinar Guru There really has been a lot of talk about the rate change – not just by so-called gurus but in the news. Very interesting. Very very interesting that once again this topic is being brought up. You have a group of people not happy about the change that took place in the first place – saying that they should not have devalued the Iraqi dinar against the U.S. dollar…I know they said, ‘we’re gonna keep the same rate for 3 year.’ Will they do that? There’s always a good chance they might do that…
Dinar Investor – Jeff Article: “Parliament: The exchange rate of the dollar against the dinar will be fixed for at least a year“. Article: “Al-Kazemi’s advisor reveals the details of the first economic reform program in Iraq and its launch date”. Quote: “Starting in the years 2022-32 it’ll be the first development decade for Iraq…” They’re going to launch the white paper reforms in 2022…Based on general daily news they’re probably planning to change the rate next year when they implement the ‘White Paper’ reforms. But…let’s look at the sources of these articles… [post 1 of 2]
Dinar Investor – Jeff The first one is the parliamentary finance committee [the second a GOI advisor]. That’s NOT the CBI! …they made a key statement here. Quote: “Cougar said, “changing the exchange rate is the responsibility of the Central Bank.” No body else. The CBI… only the CBI has anything to do with the value of Iraq’s currency/changing the rate…This general daily news suggests to you Iraq might change the rate next year when they implement the economic White Paper reforms…none of this news is from the CBI. With that said none of this news holds any credibility. [post 2 of 2]
MilitiaMan – Dinar Guru Why is the world Bank so giving now? “With regard to the role of the World Bank in improving Iraq’s economy, Numan stated that “the Bank is working with the Government of Iraq to implement the reform items that it has drawn up, and we are working through all our projects to approach the economic crises that we have previously identified, and all the projects we undertake are within the framework of supporting the paper White reform. He pointed out that “Iraq has drawn up a policy to improve the country’s economic reality by adhering to the reform white paper approved by the Council of Ministers, and work has begun to implement its contents.”…. There you go. They are implementing the White Papers…
Pimpy – Dinar Guru Article: “The Central Bank of Iraq takes step that may contribute to the decrease in the price of the dollar.” This is good. Supply and demand. The more money [U.S. Dollars] they put out there to sell…the less value they have. This increase in sales is good for the dinar…we like this. Heck yeah we do! The more we can strengthen and support the dinar – Whatever they need to do. All of these contribute one way or another…
Mountain Goat – Dinar Guru We all should know by now that the rate of the CBI is an in-country rate only and the IQD is not yet on FOREX…It is NOT yet activated on FOREX! …Next, I want to say that the fluctuating rate of the dinar in Iraq demonstrates to us once again that the rate is being manipulated. It is artificially restrained from the realizing the real value. It is being held back. This is being done for purposes. The CBI has a plan it is carrying out…hang tight. This investment will be well worth it. It is not as far off as you think, not just now.
Pimpy – Dinar Guru Article: “The Central bank sells the highest amount of dollars since the exchange rate change” That’s good news…if they’re starting to part more with the US dollar they’re starting to regain a little faith in the currency – possibly…if they want to increase the value of the dinars vs US dollars this is one way to do it – flood the markets with US dollars.
Walkingstick – Dinar Guru The White papers have the new exchange rate. The white papers are the line items/game-plan for both of these reforms [monetary & economic]. The white papers are the when, how and why to do the monetary and economic reforms…this is a report that has been agreed upon by the Fab 4, CBI and Kazemi. It has been handed over to the World Bank to tell the World Bank this is the economic reform. This is the monetary reform…The World Bank has the economic reform and monetary reform on paper now and the mechanisms to make it all work…none of these line items are calculated to succeed at a program rate. None.
Mountain Goat – Dinar Guru We must all remember that the original reason why they changed out the Saddam notes for the larger 3 zero notes was to combat massive inflation and stabilize the economy. In 2003 it was on the brink of crashing. So now how does it look after almost 17 years of the larger three zero notes? Is it much better than in 2003? Okay so if you are really a student of Iraqi politics and finance you will learn that it does not have to be much better, only stable. Stable you say? How can the dinar be stable with the rate changing so much and being devalued? So maybe the time have come now to release the lower denominations as the three zero notes have out lived their original purpose? But to turn the currency back on the will still need the oil and gas law.
Kaperoni – Dinar Guru One of the most frustrating things is to watch the Central Bank of Iraq and its new governor learn the procedures they need to maintain the exchange rate. This seems to happen every time they get a new governor. Maintaining the spread is a balance between dinars in dollars. The CBI needs to make sure that they are fully liberalized to provide that foreign currency per IMF guidelines. It’s also a catch-22 of sorts because they don’t want to just spend all of their reserves to fulfill the demand when the majority of the demand are people manipulating the system for profit. The solution is to curb this corruption not reduce the foreign exchange. But Iraq seems to have an inability to do so. As a result we see the foreign exchange at the auctions continually going up. And when they reduce the currency available then the spread begins to climb.
Pimpy – Dinar Guru Article: “Dollar price close at 150 thousand dinars in Baghdad” For every dollar you get 1500 dinars. It’s going in the wrong direction. This means people are losing faith in the dinar and they’re getting away from it by grabbing US dollars. You don’t want that to happen. You want people to stay confident in their currency. The government is going to have to do something about that and I think we’re going to see that real quick.
Mountain Goat – Dinar Guru Article: “PARLIAMENTARY ECONOMY: THE STREET WILL EXPLODE IN THE FACE OF THE GOVERNMENT IF THE DOLLAR CONTINUES TO RISE” Quote: “...the Iraqi market has been witnessing great confusion for days due to the instability of the dollar exchange rate…” …How long will this devaluation continue? When will they finally delete the zeros and issue the lower denominations? When will they realize this is part of the problem and holding them back.
Pimpy – Dinar Guru Do I think the rate is going to stay where it’s at? Hell no it’s not. Not for no damn three years. Is it possible? Of course it is but I don’t see it.
Holly – Dinar Guru Monday Rv News: The bonds are still paying out this week. We have to see how far along they get to see if the final release can happen. It is too soon right now to tell where the process is. More news will come in later. This is what we are waiting on...This is a transition not a transaction! Never, ever give up!
NORV – Dinar Guru Article: “The Central Bank feeds electronic payment cards at the official rate of the dollar” Quote: “The Central Bank of Iraq announced, today, Monday, that all requests to purchase the dollar for the purposes of travel, study and treatment abroad will be met by feeding electronic payment cards (MasterCard and Visa Card) at the official price specified by the bank.” …the CBI using Visa and Mastercard to issue dollars is a violation of the IMF’s liberalized exchange rate regime. This will prevent them from acceptance into Article VIII if desired. It will though help curb corruption. So it’s a catch 22… violate rules to curb corruption or continue with the corruption and meeting IMF conditions.
Dinar Investor – Jeff Article: “Talabani meets Al-Kazemi and asks him to adopt the latest agreement to solve the problems” This is in regard to the implementation of Iraq’s budget. They want everything done and happening per Iraq’s constitution. They [Iraq] want Kurdistan to send their oil money and oil to Baghdad and then they [Kurds] want Baghdad to send their portion of the ’21 budget to them...both parties have said that they’re ready to do it. They’re talked about maybe doing those steps this week… Article: “Oil and Gas Law” The oil and gas law is post rate change. This article came out today (6/6/21). We are getting these types of articles every week…
Kaperoni – Dinar Guru Only with the growth of Iraq’s economy can the dinar go up in value. Iraq has work to do in order to build a prosperous private sector/ market economy with foreign investment… Hopefully they are beginning to make progress. Hang in there.
RVAlready – Dinar Guru Question: […when do you think the RV will happen?] I think it will happen when everyone thinks it is safe to do so. I could hope for next week, but we will have to see.
RVAlready – Dinar Guru Question: [Seems that all of these countries are talk about their future digitized currency. That’s all great but we’re still holding onto Fiat currencies from several countries.. when are they planning on having us send these paper notes to them?] I think any country that terminates a currency has to give you a couple of years to cash out. Most countries will probably just cut back on printed currency, and let attrition happen naturally.
MilitiaMan – Dinar Guru My view, is with the massive amount of data we have been showing in articles with links to support the view, is that they are ready and are heavily pressured to go to a market economy… my view is I expect a strong ( like never seen before, as noted on Iraq TV.) international rate to be gamed off the devaluation with the help of the local bankers and traders who are fully aware of what is going to happen next. We have data that supports them saying so…Let’s see what they do next!
Mountain Goat – Dinar Guru Article: “ECONOMIST: THE GOVERNMENT’S JUSTIFICATIONS FOR RAISING THE DOLLAR EXCHANGE RATE ARE FLIMSY” Quote: “…in a statement to the “Information” agency that “the currency auction did not decrease in its sales”
…the currency auctions have ended….Not according to this article.
Breitling – Dinar Guru Question: [Do you have any idea of timing (of dinar RV)?] Iraq is in that zone right now. Iraq is doing everything they can to get the way they technically handle their currency from the bank all the way down to the citizen…they are very very motivated to add value to their currency. They want it more than anybody. They want to get from under the dollar and they want to participate, not what’s going to happen in the future, right now…they need to add value to their currency…it’s coming…all the confidence in the world.
BobTheTaxMan – Dinar Guru Taxes are always going to be there. There’s no way around it period. 47% taxes on windfall gains...let me tell you, that number is changing. It’s going to get higher particularly into the new current administration because you can expect some major tax reforms…I want you to understand…where our taxes are going under this current administration…not saying condemnation against them…pendulum swings both ways. At the moment it’s swinging this way…with these anticipated changes for the future you really need to take the time to re-look at what your plan was... [NOTE: At the appropriate time consult your tax professional about your investment and tax liability.]
Pimpy – Dinar Guru They can fuss all they want about the rate. I don’t think their rate can stay the same for what they say, 3 to 5 years. It’s not going to stay that long…if…they keep having a surplus and oil prices continue to rise I don’t think it’s going to take that long for them to really start to recover. The money is being used for all the right purposes at the moment…
Dinar Investor – Jeff Article: “Al-Kazemi: Iraq is on the path to economic reform” They’re on the path for economic reform but they’re not able to implement economic reform…Why can’t they bring the reforms forward? What are they waiting on? What do they need? Again, the reforms themselves are waiting on the rate change.
Pimpy – Dinar Guru Rumors…you guys need to be careful…yes I heard all the rumors. I heard about the rate change. It’s not true. No rate changes are taking place…we know there’s a lot of talk about the rate change. There’s a group of people saying that this [devaluation] should not have been done…it was done illegally and there’s a lot of talk about it being fixed. I do think it’s going to be fixed. I do think it’s going to change. I really do. But not anytime in the immediate future. But I do think it’s going to happen sometime this year. It just depends on what’s going on with these protesters and the civil unrest…