New to the Iraqi Dinar? Start Here: Biggest Dinar Myths & Secrets Exposed

5-13-2024   Intel Guru Frank26  As far as Suandi, Buzani and Alaq and the IMF, World Bank, US Treasury, BIS and my teams are concerned the monetary reform is expected.

5-13-2024    Newshound Guru Deepwoodz  We’ve been waiting many years to see this [RV/rate change] happen, but the way they are doing it seems right. It’s fully thought out and done with intricate precision. I believe that once they put the icing on the cake….it will stick, and that’s what we need.

5-13-2024   Newshound Guru Pimpy   Article:  "Oil Minister: We hope to announce that Iraq's oil reserves will rise to more than 160 billion barrels"  Good Lordy that's a lot of barrels...The increase in the reserves could definitely help to strengthen the Iraqi dinar including against the US dollar.  When Sudani was saying they 're going to have a strong economy...strong dinar, this  could be part of the plans he had in mind.  There's no doubt this would definitely increase the strength of the Iraqi dinar.  Does that lead to an increase in the Iraq exchange rate?  Possibly, but not necessarily.  It just helps strengthen the Iraqi dinar and a strong currency eventually leads to an increase in value...

5-13-2024   Newshound/Intel Guru Fnu Lnu   I doubt they still call it "The Snake" but that is the method used to if one wishes to participate in the IMF baskets...The Dinar will use the European Snake method of floating the currency because it only allows for a 1 1/8% fluctuation up or down thus providing the maximum stability. The currency will open with it's permanent value, more or less, and then over time, it may be allowed to adjust one and one-eighth percent either way...   [Post 2 of 2]

5-13-2024   Newshound/Intel Guru Fnu Lnu  There are several regiments to float a currency: FREE FLOAT - The currency's value is determined solely by supply and demand in the market...MANAGED FLOAT - Similar to a free floating...but a government intervenes by buying or selling its own currency to minimize fluctuations.  CURRENCY PEG - The currency's value is pegged to a basket of currencies or to another country's currency.  EUROPEAN SNAKE [In The Tunnel] - Beginning in mid-1972...Each country agreed not to allow its currency to fluctuate more than 1 1/8% up or down from an agreed central exchange rate.   [Post 1 of 2....stay tuned]

5-13-2024   Newshound/Intel Guru Walkingstick  Whether they float or not doesn't matter because at the onset they could if they wanted to come out with a very high exchange rate.  But instead they will float because inside of the float they can control the rate with caps...For example they could come out at maybe $3 or $4 right away with controlled caps either way [Iraqi citizens] win and you and I win.

5-13-2024   Newshound Guru Paulette  It is great to see more articles regarding the "Float"...I strongly believe this is the early stages of the last push by the CBI to educate the Citizens prior to implementing the "Delete the Zeros" project...Patience all...this is slowly coming together...

5-13-2024   Intel Guru MarkZ   [via PDK]  We are looking for a lot of information throughout the day today.  Question: Are we close?   MarkZ:   If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds...I have a good feeling about the next couple of days. I think we are going to see positive things today and tomorrow…to let us know where we are at in the process...

5-13-2024   Intel Guru Frank26  Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off.  I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.  

5-13-2024   Newshound/Intel Guru BGG   [Reply to Fnu Lnu Redemption Center/DeLaRue post on 5-8-2024] While the first half of this post may well be true (likely as not), I beg to differ on the last half.   It’s COMPLETELY INACCURATE...There is NO SUCH THING AS AN AUTOMATED AUTHENTICATION PROTOCOL FOR THE IQD (per the De La Rue engineers – PERIOD). They don’t own that division anymore. It’s a group well known in the US as Cash Systems...

5-13-2024   Newshound/Intel Guru Mnt Goat  ...the IQD must be put back on FOREX for Iraq to progress to the desired goals as they themselves proclaim they want to accomplish...know that progress is moving along and much more quickly now...Oh…just wait until Iraq gets back on FOREX…WOW, things are really going to explode.

5-12-2024   Intel Guru Frank26  Question: "Do you think the rate will be on Forex?"  Yeah!  The Forex will be one of the very first to receive it.

5-12-2024   Newshound Guru Militia Man Once the COM [Council of Ministers] gets it [Budget] they'll vote on the amendments and then they'll forward that on to the House of Representatives.  I don't know that we're waiting for all of that... Alaq's job is to be independent and part of his job is the exchange rate.  If there's going to be a change he's the guy that's going to be acting in a manner to do so.

5-12-2024   Newshound Guru Clare  Article: "Iraq produces more than two million tons of cement during the first quarter of 2024"  Quote "...it had achieved a remarkable development in the volume of production achieved in the first three months of the current year, by 22% compared to the first quarter of last year 2023"

5-12-2024   Newshound/Intel Guru Walkingstick  There is an explanation being given to all the people involved in the economic reform by Sudani and Alaq.  In this explanation phase the information on the new lower notes and the information on the new exchange rate will be disclosed...There will now be a slew of press conferences with all of the GOI, Kurdistan Barzani people, the CBI, the [CBI] board of directors, everyone of them standing, planning and supporting the reforms of Sudani...

5-12-2024   Newshound Guru Sandy Ingram  How long will it take US banks to recognize the currency after the initial increase in Iraq?  Oh, you believe it will all happen on the same day?  We would hope so, however this is unlikely... Savvy investors may have to travel for the exchange rate...If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? ...We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars.  [Post 2 of 2]

5-12-2024   Newshound Guru Sandy Ingram  The IQD was not convertible to other currencies on global markets before the 2003 invasion...Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets...People with education in economics say the Iraqi currency will be readily available for exchange in US banks...The question then becomes -   [Post 1 of 2....stay tuned]

5-12-2024   Intel Guru Frank26    This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form.  It's illogical.  There's not reason for it...These fils paper or coins and the exchange rate are not activated yet.  They are all in the background waiting for when Sudani says it's time.

5-12-2024   Newshound Guru Paulette  If you go back and read articles after 7/1/23 you will see that Iraq is still under US/(UK) guardianship (receivership) ...There were calls then for the UN to lift this guardianship but [4/10/2024 Article "Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq."] may now be the first "Official" call that I have seen...The corrupt in the US do not want this to change.....The good news is that IMSO, their days are numbered...

5-12-2024   Newshound Guru Militia Man  Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency?  Of course they are.  They were $3.22 back when oil was at $35.  What if you added on to that all those things I just mentioned? 

5-12-2024   Intel Guru Frank26  This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils.  What does that mean? ...It takes 1,000 fils to make 1 dinar.  What does that mean?  It means the monetary reform is successful.  It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...

5-12-2024   Intel Guru RayRen98   "ACROSS THE POND" FOLKS ARE CLAIMING WTO ASCENSION & AN INTERNATIONAL CURRENCY.  SOME 3-LTRS ARE STARTING TO CONFIRM AND ACKNOWLEDGE.  TIME WILL TELL

5-12-2024   Newshound/Intel Guru Mnt Goat   In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.

5-11-2024   Intel Guru Frank26  Question "I'm new here...when this blessing comes would you suggest to take all of it at once or just a little bit?"  That's your prerogative.  I cannot guide you.  Yeah, it's a speculative investment but logic says check it out, see what the rate is, if you like it exchange what you got.  If you think it's going to go up in value internationally on a float, exchange a little and hold on to some.  You have to make that decision.  I cannot tell you on a speculative investment. [Dinar Guru Note:  Consult your investment advisors at the appropriate time to construct a cash out plan that's best for your unique circumstances.]

5-11-2024  Newshound Guru Militia Man  What's not going to happen is that they're going to take Iraq into the international world at 1310 IQD to 1 US dollar to rebuild a country...

5-11-2024   Newshound Guru Sandy Ingram  Rafidain Bank is the largest bank in Iraq with 165 branches inside Iraq and branches in Cairo, Ankara, Beirut, Abu Dhabi, Bahrain, Sana'a, Amman and Jabal Amman.  Write these locations down because they made be location where we can exchange currency with the IQD make a move...if we are not able to exchange the currency in the United States.

5-11-2024  Newshound Guru Pimpy  Question: "Why are you investing in the Iraqi dinar?"  Because I think it's going to change in value and I can benefit from it.

5-11-2024   Intel Guru Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  My bank friend told me that [the new green 1000 dinar note] is on the CBI website.  FRANK:  Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY:  None of us have seen this before. FRANK:  This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.

5-11-2024   Guest Guru Buckeyetree   [Response to Guru Deepwoodz  new 1000 fil note post below]  We do not know the exact rationale for the CBI to display a 1000 fils note or imply its future use if there is also to be a one dinar note...We have both a paper one dollar bill and a silver one dollar coin...The 1000 fils note could be released as tender but may become a collector's item while still legal tender.  Such is the case of the $2 dollar bill, not widely used but still legal tender.  The CBI is holding back...the photos of the primary lower denoms.  The 1000 fils note photo may be a way to give confidence to the contractors that big changes are on the way with an exchange rate that would support the use of such a 1000 fils note.

5-11-2024   Newshound Guru Kaperoni  To date Iraq still has the majority of their working force dependent on the state.   Diversifying their economy, creating a private sector, private businesses, engaging with the world, exporting products are all good things that would support the growth of their currency.

5-11-2024   Guru Newshound Deepwoodz  [Response to Guru Frank26's new 1000 note post below]  Why would you need a 1000 fil note?  Wouldn’t that be 1 dinar? That’s what it is in Kuwait and other countries that use dinar. No way you print two notes to represent the same value. Can someone help this make sense?   Kuwait’s are 1, 5, 10, 20, 50, and 100 fils. 1000 to a dinar. No reason  Iraq would be any different. Doesn’t really matter, I don’t care if they print three versions of the 1 dinar note. As long as they print at least one, I’m golden.

5-11-2024   Newshound Guru Militia Man   Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.  They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That's what they're going to be trying to do...

5-11-2024   Intel Guru Frank26  On the CBI website back in January of this year...the CBI started the monetary reform campaign to the Iraqi citizens...It was on January 1, 2024 that the Central Bank of Iraq displayed this green looking currency...You'll notice three zeros.  What this is a 1000 but it is not what you think it is.  What is the color of the 1000 note that's out there right now?  Yellow/gold...What's this 1000 note that's green?  ...It is a fil...They are not going to release a 1000 lower note...They're not only going to release coins made out of precious metals but they're also going to release fils in paper.

5-11-2024   Intel Guru Bruce  [via WiserNow]  Somebody put something out about taxation, or this this would be a taxable situation for us  - it is not a taxable event...It's BS don't buy it - not a taxable event period. [Dinar Guru note - always consult with your tax professional at the appropriate time.]