Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (06-07-2024) (2024)

These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion

According to Intel Guru Frank26:

It is a process rather than a delay. For those of you who are thinking, “Well, there’s a delay because they need to find these [57 trillion] dinars now,” Their whereabouts is known to them.It is not, incidentally, 57 trillion dinars.

According to Iraqi Dinar Newshound Guru Deepwoodz:

They’re not doing a can-kick. At 1300, nobody wants to endorse the budget. That was completed already. There are more than a few additions to this vote. It’s a chance for everyone to be in agreement. The CBI, the Parliament, the COM, and the PM. There is no longer any room for the status quo. When will the big unveiling happen? Are you unable to sense it?

According to Intel Guru Bruce:

[by means of WiserNow] We were discussing Iraq putting their financial plan, 2024 financial plan in the gazette…Wednesday. And then I get a call telling me, “Sorry, what about Saturday?” We put the budget in the Gazette so that everyone in the Middle East can see it, especially the Dinar rate in the budget. The RV itself will start on Saturday, August 8; we’re expecting to be notified, possibly over the weekend or on Monday morning.

According to Iraqi Dinar Newshound Guru Pimpy:

It goes beyond simply altering the exchange rate and calling it good. Occasionally, raising the exchange rate may have the opposite impact or be detrimental to Iraq. We do not want it to occur. I would much prefer see Iraq go gently, take its time, and gradually raise the exchange rate of the Iraqi dinar. Iraq is now in a bad condition unless they can find a way to stem the bleeding caused by the declining price of oil.

According to Newshound/Intel Guru Mnt Goat:

As June progresses…. We have sat tight during the current month from here onward, indefinitely. I believe that this month will be crucial for investors; I had an interesting conversation during my call to Iraq. I was let by the advisory group know that everything is prepared for the Undertaking to Erase the Zeros…I was informed that in the event that they can hold the steadiness between the Equal Market rate and the Authority CBI pace of the dollar that we could see the following “official” rate change that we have been hanging tight for quite a while in JUNE…WOW! … Since everything depends on the market and what it brings, there is nothing certain about any dates. They are unable to foresee this. But…my contact in the CBI sounded hopeful and that something Important could or is going to endlessly happen a whole lot earlier than later…

According to Iraqi Dinar Newshound/Intel Guru Walkingstick:

When the budget is released on Saturday, don’t be alarmed if the rate remains unchanged. Sudan is coping with this [57 trillion] theft.He may make the “operational” budget available.

According to Intel Guru MarkZ:

[via PDK] Will tomorrow see the budget published in the Gazette? MarkZ: I believe that it will.

According to Iraqi Dinar Newshound Guru Clare:

The article: Rudaw distributes the text of the third well thought out plan of the National Bank of Iraq” Statement: ” The bank linked the initiatives to the sub-goals, which include the ability to issue securities with a medium or long term, move external transfers from the platform to sending banks, increase gold reserves, offer new high-quality currency issues, automate monetary operations, and support financing…”

According to Newshound Guru Militia Man:

Article: “It reaffirmed its dedication to anti-money laundering guidelines. The Iraqi National Bank: “We don’t work with businesses that the Central Bank has suspended.” Does anyone read this story with the idea that the government or the CBI would have let more than half of the nation’s money supply to be lost or stolen? Consider the amount of craziness that exists at the current stage and financial status of the CBI. It would never have happened with Iraq’s roster of the world’s most seasoned auditors, not to mention the US Federal Reserve, World Bank, IMF, WB, UN, etc.

According to Iraqi Dinar Intel Guru Frank26:

[Report from troops on the ground in Iraq] FIREFLY: Sudani is reportedly questioning the whereabouts of the 57 trillion dollars that were left over from the budget for 2023, according to television footage.The corruption has no boundaries. It’s clear that our leader Sudani is defending the monetary reform by keeping these nasty individuals in the dark about the new exchange rate. FRANK: Is there 57 trillion dinars missing from the 2023 budget? …Since I wouldn’t announce an exchange rate if I were Sudani, let’s hope he can locate the money. I will take no action on the contracts.

According to Intel Guru MarkZ:

[via PDK] “The UN identifies recommendations and notes progress in Iraq’s anti-corruption efforts.” The UN appears to be satisfied with all of your efforts, Iraq.Here you are, “atta boy.”The lifting of all the sanctions and Iraq’s freedom to openly alter global ideals make this development extremely significant.

According to Iraqi Dinar Intel Guru Bruce:

We had rates flashing on the bank displays over the weekend [via WiserNow]…These rates that have been flashing now must come in, consolidate, and turn firm green because if they continue to flash, you will not be trading. However, as they harden and reach a solid green condition, you’ll know you’re working with a set pace.

Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (06-07-2024) (2024)

FAQs

What is the Iraqi dinar to USD prediction? ›

The Iraqi Dinar is expected to trade at 1302.45 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1313.36 in 12 months time.

What is the new rate for the Iraqi dinar? ›

Convert US Dollar to Iraqi Dinar
USDIQD
1 USD1,313.55 IQD
5 USD6,567.74 IQD
10 USD13,135.5 IQD
25 USD32,838.7 IQD
6 more rows

Can I exchange my Iraqi dinar in the United States? ›

Major banks do not offer trade-in Iraqi dinars. IQD is only available for purchase or sale by selected brokers or money exchangers, who may or may not be legally authorized. As mentioned, the brokers or money exchangers typically charge a fee of 30% or more over and above the authorized exchange rate.

What's happening with the dinar? ›

ERBIL, Kurdistan Region - The head of the Iraqi central bank on Sunday announced that all transactions inside the country will only be made using the Iraqi dinar in 2024, as the value of the currency against the US dollars continues to be much lower than the one set in the federal budget.

How much is Iraqi Dinar to dollars 2024? ›

1 IQD = 0.000769 USD Aug 24, 2024 11:53 UTC.

How much is 100 dollar in Iraqi Dinar new? ›

Download Our Currency Converter App
Conversion rates US Dollar / Iraqi Dinar
100 USD131,000.00000 IQD
250 USD327,500.00000 IQD
500 USD655,000.00000 IQD
1000 USD1,310,000.00000 IQD
8 more rows

How much is $1000 USD in Iraqi dinar? ›

Download Our Currency Converter App
Conversion rates US Dollar / Iraqi Dinar
1000 USD1,310,000.00000 IQD
2000 USD2,620,000.00000 IQD
5000 USD6,550,000.00000 IQD
10000 USD13,100,000.00000 IQD
8 more rows

How much is Iraqi dinar in circulation? ›

Iraq Money Supply M0
RelatedLastUnit
Interest Rate7.50percent
Money Supply M0145408.00IQD Billion
Money Supply M1154353.00IQD Billion
Money Supply M2173618.00IQD Billion
2 more rows

How much is $500 dollars in Iraqi dinar? ›

Download Our Currency Converter App
Conversion rates US Dollar / Iraqi Dinar
500 USD655,000.00000 IQD
1000 USD1,310,000.00000 IQD
2000 USD2,620,000.00000 IQD
5000 USD6,550,000.00000 IQD
8 more rows

Is the Iraqi dinar ready to revalue? ›

Although it is possible that the dinar could rise in the distant future, there are many other investments with lower risks and higher rewards. When Iraq's very survival is at stake, currency revaluation is unlikely to be on the agenda.

Does Chase Bank accept Iraqi dinar? ›

Does Chase Bank buy or exchange Iraqi dinar (IQD) currency? JP Morgan Chase (JPMC) does not buy, sell, or exchange Iraqi dinar (IQD) banknotes and currently has no plans to offer this service in the future.

How to get rid of Iraqi dinars? ›

The best place to sell Iraqi dinars for USD is through a reputable online currency exchange service. These services typically offer the best exchange rates and the most convenient way to sell your currency.

Is Iraqi dinar a closed currency? ›

You can buy Iraqi dinars in the UK, although it can be hard to find (being both a minor and closed currency.)

What is the Iraqi dinar backed by? ›

The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Iraq does not maintain a gold standard.

What is the strongest currency in the world? ›

1. Kuwaiti dinar. Known as the strongest currency in the world, the Kuwaiti dinar or KWD was introduced in 1960 and was initially equivalent to one pound sterling.

When was the Iraqi dinar the strongest? ›

By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$3.2169, a rate which remained until the Gulf War in 1990, although in late 1989 the black market rate was reported at five to six times higher than the official rate.

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