Mountain Goat – Dinar Guru The RV is coming soon…The process has not changed as it was given to me (us) in 2011 from the CBI. First the project to delete the zeros, then the follow up of a reinstatement to FOREX.
Pimpy – Dinar Guru I’m aware of how many trillions of dinars they have…we know they created 55 trillion, says so right on their website. What I talked about is the fact that for 5 years they spent between $1 ad $1.5 billion of oil revenues buying dinar off the open market. No body knew how many of them they bought, how many were destroyed. We know they destroyed them, there’s confirmation of that…72% of the dinar was destroyed. Not the old dinar, this dinar that we’re playing with right now 72%…not to mention the amount that was burnt up and destroyed by ISIS and the number of dinars that were destroyed during the flood. [Post 1 of 3]
Pimpy – Dinar Guru …The truth is we’re not exactly sure how many is out there in circulation. But I understand what you’re saying. When I first got into this I was like there’s no way in hell, they have way too many of them. We know the United States is holding between 11 and 14 Trillion of it and we know central banks are holding on to God knows how much. There’s also private entities that are holding on to God knows how much…. [Post 2 of 3]
Pimpy – Dinar Guru I think the reason why it’s important for them to recover the stolen funds is so they can have a more accurate idea of how much is in circulation so they can decide whether or not it’s feasible for them to do a rate change that high. It’s possible they could come out and make some kind of announcement and do an RI or an RV but my feeling is they’re going to go up in increment whether it’s fast or large increments it remains to be seen...But yeah I understand what you’re saying. I agree there’s no way in God’s green Earth they’re going to make an announcement with 45 trillion dinars…72% of it destroyed, that sill leaves a lot of trillions so I get what you’re saying. I appreciate the shout out… [Post 3 of 3]
Kaperoni – Dinar Guru …the auction are a BALANCE between dinar and dollar. That being so, there is no way to reduce the money supply with the auctions. Any attempt to do would cause one or the other currency market rate to change. They are trying to keep it stable, not cause further devaluation…when the exchange rate is stable, be assured it is because they have done a good job supplying one or the other to meet demand…And if we know anything, is that the CBI is pumping more dinar not less into the market since the money supply is now around 80 trillion dinar.
Desert Advisor – Dinar Guru Article “Al-Nusari: Monterey stability represents the starting point for economic stability” Before you can reform your economy you have to reform your monetary policy to make sure the foundation of your economy is strong. Are they going to work on the .006? That’s what everybody is waiting for most…
Mountain Goat – Dinar Guru …Welcome to September! Yes, we are off to a VERY GOOD start as things are really progressing in Iraq… the Finance Ministry (part of the GOI) wants currency reform…Sounds to me that the Central Bank of Iraq (CBI) may be considering launching yet even lower of the lower denominations in the coming months. Will they just launch all the rest of them or just the 2 notes in sequence 50, 100? How can they unless they increase the rate of the dinar or the notes will be literally “worthless”...
Militaman – Dinar Guru Article “Iraq and the United Nations sign a framework for joint cooperation in a number of fields” …The timing is very interesting. Tomorrow morning the meeting is to take place and two key components within the frame work are the development of the private sector and the government reform plan within the white paper…If there are any other shackles holding Iraq back from getting into the private sector, it may very well be done with post tomorrows morning meeting. I recall the UN has had a hand in Iraq sanctions since 2003. Many were lifted. Is this meeting about the last sanction left, the devalued currency since the last war? I am not sure but, the timing looks perfect.
Pimpy – Dinar Guru It’s looking good. The more Iraq keeps taking a leadership role opening up to the international community, getting away from relying so much on oil, open up the private sector. This is good. I can’t stress this enough It’s going to be really hard for Iraq to rebuild its country when the value of the dinar is so low. The cost of importing things from other countries are going to get really expensive. They don’t have anything to export so there’s no need to want to lower/devalue currency…everything is looking groovy.
Kaperoni – Dinar Guru The Central Bank of Iraq tonight in the news stated that they’re going to be changing the exchange rate of the Iraqi dinar. It seems like they were talking about going from 1460 to 1450 in an attempt to encourage investment. Not the kind of significant RV people are wanting…The change does not seem to state the new rate but it mentions the current rate of 1460…
Desert Advisor – Dinar Guru Article quote “Floating the currency is fully or partially liberalizing the currency exchange rate”. They are not fixing the exchange rate. They’re letting the exchange rate go on to whatever market price that it settles at. Free market basically. Amazing…1. They changed the exchange rate and 2. Now the exchange rate is floating.
Kaperoni – Dinar Guru … he thinks Iraq can pass Kuwait’s exchange rate. Kuwait only has about 40 billion dinar in circulation, while Iraq has well over 45 trillion. They either need to significantly reduce the currency in circulation via a float over time or they would have to LOP/re-denominate as I’ve already mentioned reducing trillions to billions.
Pimpy – Dinar Guru If Kuwait dollar is the most valuable currency and you see how much more stronger Iraq is what in God’s green earth makes you think that Iraq has not potential to not only catch but pass up Kuwait. We know they [Iraq] have all kinds of problems with the government and corruption. We get that. But here’s what those naysayers say, unstable government/corrupt government but what they never tell you is ‘what if’. What if the government is fine. We know Al-Kazemi is kicking but right now. The corruption is down. What if the government becomes stable. They don’t tell you about that ‘what if’ scenario. So I’m telling you what if…it is clear Iraq is a much more productive country...I do believe without a doubt that Iraq’s currency will be and should be a lot more valuable than the Kuwait [dinar]...
Desert Advisor – Dinar Guru They changed the exchange rate but they haven’t said what it is. A lot of speculation was, ‘Okay, they’re gonna share it during the conference.’ You had 9 different countries there – Kuwait, Jordan, UAE, Saudi Arabia, Turkey, Lebanon, Iran, France, Yemen. They didn’t publicly announce what happened however Kazemi posted on twitter “We succeeded in holding the Baghdad Conference for Cooperation and Partnership, and its repercussions were great locally, regionally and globally.” So that meeting was great for them on a global level…
Breitling – Dinar Guru The taxes coming from Biden is a massive threat. It is a massive threat. You need to get your stuff in order…timing…Let’s say if Iraq does…get influence from Iran and then they revalue. Then what is our strategy? Get out as quick as possible because the value is going to go down. You have to be in your tax strategy already. You can’t wait. You can’t say when all this happens I’ll do it. It takes time to set this stuff up...
Pimpy – Dinar Guru When the first rate change takes place I have a feeling it’s going to be a little bit on a low side. Not tool low but let’s say it’s a $1.74…a bulk of people are gonna go running down there and cash it in because they want to hurry up and do that…if you have enough dinar to do this I say you take enough down there to pay off your bills, to get enough money to live very very comfortably and then hold on to some. Exchange rates are going to keep going up because they’re much stronger country than Kuwait is. This is going to be the trading Mecca of the Middle East. There’s no doubt about it.
Kaperoni – Dinar Guru The only way that dinar can go up in value is for them to float the currency gradually over time. Doing so would allow them to not only reduce the currency in circulation, but allow it to go up in value gradually to counter any inflationary pressure created from economic success.
Desert Advisor – Dinar Guru Article “Minister of Finance Ali Abdul-Amir Allawi confirmed that the process of changing the dollar exchange rate contributed to reforming the economic system” Changing the dollar exchange rate? Read that? They changed the dollar exchange rate? Well what is it? They haven’t told us…they reformed their banking system already…within three weeks a new budget…they changed the exchange rate but they having said what it is.
Breitling – Dinar Guru I still see the rate coming out in the .50 to 60 cent range and then growing from that point. But if the United States doesn’t have as much control as they did and somehow we pull more troops out of Iraq you’re going to see a de-dollarization and you’re going to see them add value to their currency literally overnight. And you need to get out [of the dinar/exchange]. You need to be prepared…it’s not going to threaten the revelation of the Iraqi dinar. If anything it’s going to quicken it and that’s the way you have to look at it.
Pimpy – Dinar Guru You guys brought to my attention the article in which a Financial Minster of Iraq Allawi says he supports a floating exchange rate which is good…that means the market dictate the value of the Iraqi dinar. That means the Iraq dinar is not pegged to the US dollar any longer. Good. That’s what you want. But it’s not a true floating exchange rate. That’s what we call a managed float or a dirty float. In other words it floats on its own depending on what the market things of it but if it goes too far one way or the other the bank interferes with the rate change and affects it either way – going up or down.
Frank26 – Dinar Guru Article “The Iraqi Finance Minister supports the floating of the currency” Quote “The Iraqi currency is floating, but the central bank intervenes from time to time until it places it pithing a certain bar…floating the currency is fully or partially liberalizing the exchange rate…” Let my exchange rate go!!!
BobTheTaxMan – Dinar Guru Under the new administration we’ve got there’s huge changes that are going on, particularly in the estate tax arena. Anybody who makes over $400,000/$1 million you can expect they are going to be taxed to pieces…[Hopefully that includes everyone who owns dinars!] So there has to be new strategies made and put into place…we anticipate this thing may RV, it may be a short quick opportunity to be able to move in, get it done and get out. What do you need to have to get sure you’re going to be relieved from having the hugest taxes possible…?
Kaperoni – Dinar Guru The two most important facts that everyone should look at when they consider the dinar. 1. How much dinar is in circulation? Answer- well over 42 trillion. 2. What is Iraq worth? Answer- all the minerals in the ground including oil is only around $16 trillion.
Pimpy – Dinar Guru I believe the Iraq dinar rate is going to change for the better. I believe it’s going to get back up there. The reason for that is…in comparison of Iraq country to the Kuwait country and if you look at the things that contribute to the value of the dinars, their currencies, you could see that Iraq clearly has more to offer…should have a stronger dollar but right now the Kuwait dinar is the most valuable currency out there…I know the Iraqi dinar is eventually going to catch and pass the value of the Kuwait dinar. If anything it’s probably going to be the most valuable currency.
Breitling – Dinar Guru Question “Do you believe this withdrawal from Afghanistan will have any impact on the region and how does that affect our anticipated revaluation of the IQD?” What’s the ripple effect of what’s happening? We don’t know yet...as far as Iraq goes it has the opposite effect. People are like ‘Oh my God the regions going to go to hell and they’re not going to revalue it.” You guys, we forced Iraq into the currency that they have. They’re also attached to the U.S. dollar. [Post 1 of 2]
Beitling – Dinar Guru So if that region goes kaput and they are no longer on our team we’re going to de-dollarize them and they are going to be forced to add value to their currency. That’s a big plus for us. But That comes with a major warning. Whatever they come in at you gotta get out. We are not going to let them get rich. If you have trouble believing me go ask Venezuela. Go ask Iran. Go ask these countries we’ve completely crushed their economies…Do I think that’s going to happen? No I really don’t… [Post 2 of 2]
Pimpy – Dinar Guru There is a huge summit. I was excited about it. I was hoping to hear some great things about it and of course al my hopes came true…there’s a lot of information going on about the summit and it’s success...there was a lot of great counties, 9 in total…what they were doing was really wishing Iraq luck and they all support Iraq ready to be on their own…finally have their own sovereignty reinstated. All of them are agreeing to support Iraq…They support the White Paper reforms and they all agreed on different forms of trade and security and education…they whole 9 years. That’s what I really was hoping for…
RVAlready – Dinar Guru Iraq is going to start selling bonds like most countries do. This should mark the end of the currency auctions and the release of the RV.
Pimpy – Dinar Guru They’re not going to be able to do a whole lot of reconstruction if they can’t get more purchasing power. Now I’m not promising anything. I have no idea what’s in the 2022 budget. People say, ‘Do you think the rate change could be in there?’ Well yeah I do but that doesn’t mean it’s gonna be. Stay grounded.
MilitiaMan – Dinar Guru It’s exciting times…for this to go down you’re going to have to have reconciliation. It looks like they’re having reconciliation right before our eyes.