Iraqi Dinar | Latest Iraq dinar recaps & updates (2024)

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Dinar Gurus' Official Master List of Possible Major " To Do's ":

1. Moved to IMF Article VIII
2. HCL passed/imp. [Temp 11/2014] [agreed in spirit 12-2014]
3. Erbil Agreement Impl.
4. Election Law (DONE! 12/2013 | Amend Dec 2019)
5. UNSC Chapter 7 (Done?? summer-2013/ Dec/2017 moved to ch VI?? June-2018 Resolution 1487:CBI released from Sanction list. Voted 2-22-2022 Resolution 2621. 8-12-2023 - Iraq appears out of Ch VII but U.S. has not release them)
6. UNSC Chapter 6 (began 12/2017 ?)
7. Article 140 impl. (Supreme Court Support 5/2018 - mustimpl.) (8/2019 Federal Court clarifies constitutional force)
8. Economic/Banking laws passed (more needed)(12-2017)
9. Investment laws (Voted! 10/2015 Printed 1/2016)
10. Power Sharing (Done!! 10/2014)
11. Internationally accepted Dinar
12. GOI Seated (10/2014) [Done - Fully seated 6-6-2020]
13. Tariff Law (partial)
14. CBI & Market rate within 2%-90 days (start ~Mar. 15 2018? Nation wide start ~Nov. 2018)
15. E.O 13303 (Done 12/2017 - Biden renewed May 2023)
16. Law of Financial Administration/Financial Management Law (First vote May 2019) | Amend Dec. 2019
17. CBI Auctions Stopped (partly Done - June 2020?)

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9-6-2024 Intel Guru Wolverine [via Judy Byington] The RV is imminent...It is coming.

9-6-2024

9-6-2024 Newshound Guru Pimpy A redenomination is not going to take place anytime soon it looks like.

9-6-2024 Intel Guru MarkZ [via PDK] Question: Will they release the RV on weekends or week days? MarkZ: I am told its easier to release it on a weekend- Saturday night to Sunday morning …but anytime is fair game.

9-6-2024 Intel Guru Frank26 Article: "The Central Bank of Iraq reveals the mechanism for ending the electronic platform" IRAN... SAY BYE BYE TO YOUR CASH COW AND MOOOVE OVER! Quote: "During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved" MONETARY REFORM HAS BEEN ACHIEVED!

9-6-2024 Intel Guru Bruce [via Judy Byington] The Dinar is trading on the Forex, but the rate is not exchanging yet...My sources say that the days of Sept. 6, 7 and 8 will be important dates for us.

9-6-2024 Newshound Guru Walkingstick They got stability and security. Sudani has been bragging about it...Lift the three zeros has to do with the value, then not with the value, back and forth, back and forth, it has to do with the value and then, no it doesn't have to do with the value. The articles are contradicting. They are lies. They are misleading with a purpose.

9-6-2024 Newshound Guru Militia Man

Who is at the helm of the Central Bank of Iraq? He [Alaq] got a lot of bad press recently. People were trying to get rid of him. He's probably doing such a good job they didn't like it and they wanted him out because the cash cow which is the parallel market makes them billions and they aren't going to have that anymore. That time Is over.

9-6-2024 Newshound Guru Sandy Ingram Community comment: "The large money supply means any attempt to revalue the currency would require a substantial reduction in the number of dinars in circulation which is logistically and economically unfeasible...The sheer volume of dinars makes a significant revaluation highly unlikely." [I] agree with this assessment 100%. The sheer number of bank notes scattered around the world hampers any real hopes of the currency revaluing at a high rate. This is the number one reason for believing Iraq may decide to issue new money like Pakistan or Zimbabwe...No one has said this is what Iraq will do...however it is a possibility.

9-6-2024 Intel Guru MarkZ [via PDK] Question: Any news on passing the HCL? MarkZ: There is movement on that. Some of the problems are tensions between Iran and the Kurds. I believe some of the meetings we are about to see between Iran and Sudani will address this.

9-6-2024 Newshound Guru Clare Article: "Parliamentary moves to withdraw the hand of the Central Bank Governor" Quote: "The Parliamentary Finance Committee confirmed...the existence of a parliamentary move to withdraw the hand of the Governor of the Central Bank...Ali Mohsen Al-Alaq for exceeding the legal age."

9-6-2024 Newshound Guru Pimpy Article quote: "Saleh said in a statement...he ruled out the government currently removing zeros. Noting the removal of the 3 zeros from the currency is not related to the value of cash but to improve cash payment system." Wait, what did he say? 'Not related to the value of the cash'? Isn't that what I've been saying all along? What do those other [gurus] say? It has to do with the exchange rate. They're wrong...This is what they're talking about...25,000 dinar [note] times the current exchange rate $0.00076 comes out to $19. You come over here and remove the 3 zeros, a 25 [dinar note] times $0.76 - it's still $19. No change in the value...

9-6-2024 Intel Guru yada ...It has been a week since the 95% of the banks in Iraq were activated to handle all the foreign currencies for business and trade. Im of the mind they were monitoring the movements of the currencies for the region and hence the expectation for any moment of us to exchange.

9-6-2024 Intel Guru Mike Cottrell The word I got earlier this week was that things are in progress…and to stand by...But I am very encouraged by what is going on.

I really do. And I am very pleased.

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9-5-2024 Newshound Guru Pimpy No, there is no 'in-country' 'out-country'. It's the same everywhere.

9-5-2024 Newshound Guru Samson Article: ”Government Advisor: The talks between the Central Bank of Iraq and the US Federal Reserve achieved advanced results"

9-5-2024 Newshound Guru Militia Man Article: "The Central Bank of Iraq reveals the mechanism for ending the electronic platform" Quote: "During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains...which will be transferred...before the end of this year..." We should all be very clear about what is transpiring before our eyes with Iraq's reforms...We are seeing the end results with a mere 5% left to complete...So they already achieved what they were working on in the past. They are ready for completion to the best of my understanding now. Not later. Wow!

9-5-2024 Intel Guru Frank26 Article: "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency" This is what's happening right now. This is called diversion tactics...slight of hand. This was done with China and it was done with Kuwait...This is part of the monetary reform. To put out disinformation that is a deterrent, maybe, that is putting
speculators at bay.

9-5-2024 Newshound Guru Sandy Ingram [I'm] more concerned than ever that Iraq will take action to reduce the circulation of the Iraqi dinar to a manageable size which will automatically help increase the currency's value. The question then becomes will outside investors be included in the exchange? Update your passports for travel to Jordan, Turkey or Egypt where Iraq now has banks...

9-5-2024 Intel Guru MarkZ [via PDK] A lot of good news out there…over the top good news…Lots of chatter looking at tomorrow…but, we don’t know when it’s going…if half the rumors are right about it has started...we are in great shape... I am still hearing from lots of sources that things are well underway and we should soon be seeing dollars. But I cannot pin anyone down that they have physical dollars. I’m hearing it...The problem is I have not been able to verify them. Community Comment: if they’re under NDA’s, you’ll never get verification-imo. MarkZ: And that is a possibility. But for me I’m going to back up a little, stay clam and find out what is real or not.

9-5-2024 Newshound Guru Clare Article: "Government Advisor: The talks between the Central Bank of Iraq and the US Federal Reserve achieved advanced results" Quote: "Salih, confirmed...the renewed understanding with the US Federal Reserve will allow the monetary authority to restore an internal banking market, while he indicated that the results of the discussions between the Central Bank and the Federal Reserve are good and consistent with the rules of work, and he pointed out that they will allow for the implementation of a precise path between Iraqi and international banks"

9-5-2024 Newshound Guru Pimpy A few days ago an article come out, "Two conditions for achieving it. Sudanese adviser rules out removing 3 zeros from the coin" My fingers were crossed and I was hoping they would not remove the zeros...That's step one, don't remove the zeros. Now, do we want the exchange rate to change? Yeah. Now is the time while the zeros are still on there. I'm not saying that's going to happen but what I'm saying is if it was ever going to happen the way we wanted it to, now is the time.

9-5-2024 Newshound Guru Samson

Article: "The Central Bank of Iraq reveals the mechanism for ending the electronic platform"

9-5-2024 Newshound Guru Militia Man Article quote: "All the currencies Iraq will be doing business with are now in compliance with the international standards and traded on the Forex..." With respect to that, I think it's time for everybody to sit back, relax, watch it as it happens...We're all excited. Maintain some groundedness because I believe there's no stopping this at this stage of the game. They have so much they're telling us...It's truly amazing...

9-5-2024 Intel Guru Bruce

[via WiserNow] ...I think everything is pointing toward this going still this week...

9-5-2024 Newshound/Intel Guru Mnt Goat

...One of the loose ends is the much-needed amendments to the Iraq Investment Law. They told us in an article that the WTO requested some changes to the law. In this same article, they told that this was the ONLY issue holding Iraq back from full accession... So, what pops out in the recent news. The article is titled “PARLIAMENTARY ECONOMY COMMITTEE DISCUSSES AMENDING THE “INVESTMENT LAW”. The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years. So we may see this law very soon. Then the WTO.

9-5-2024 Intel Guru MarkZ [via PDK] I am getting many reports...that payments have started. Reports that payments are rolling out to groups...

But I am looking for proof that this is accurate. I am hearing this from many different sources…. IF this is accurate…in the next day or two-you and I should find out when we can go in and exchange our currency - IF THIS IS ACCURATE. ...I am getting blown up with contacts saying they have let things go...I have heard this from a number of sources... STAY CALM….I am really trying to stay calm as well.

9-4-2024 Newshound Guru Clare Article 1 "To strengthen economic relations.. Reopening of the Swiss embassy in Baghdad" Quote "Switzerland...reopened its embassy in Iraq, after a 33-year hiatus." Article 2 "Iraq renews partnership with Swiss global company Roche to enhance therapeutic capabilities"

9-4-2024 Newshound Guru Samson Article: "Swiss Embassy in Baghdad reopens" Quote "Switzerland reopened its embassy in Iraq...after a 33-year hiatus."

9-4-2024 Newshound Guru Pimpy Article: "The Iraqi Central Bank announces the results of his visit to New York: A high ranking delegation negotiated with the US Treasury" There will be another big meeting by the end of this year...They're trying to find stability in the exchange rates...This is not really new. This is what Iraq has been doing recently, focusing on the banking sector because that's a big part of them getting out of the dark ages and start working internationally once again...Is this a step in the right direction? Of course it is. But does this mean they're going to change the exchange rate anytime soon? No. There's no indication either way...

9-4-2024 Newshound Guru Militia Man Road Development Project is going to be phenomenal. What we're going to see is the Untied States is going to be sticking around in some shape of form to protect their assets.

9-4-2024 Intel Guru MarkZ [via PDK] Things are going very well in Iraq. What does that mean timing wise? A number of my contacts over there are convinced we will see something in the next 2 days. Don’t ride the roller coaster…just wait and see.

9-4-2024 Newshound Guru Clare Article: "Economist talks about new measures after stopping transfers" Quote: "the Governor of the Central Bank of Iraq, Ali Al-Alaq, in New York over three days with US Treasury officials gave a new boost and confidence to the Iraqi banking system...The Central Bank of Iraq will stop dealings with foreign correspondent banks in the future and reduce reliance on them, after developing the Iraqi banking relations network...and gradually ending work on the electronic platform for transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks

"

9-4-2024 Newshound/Intel Guru Fnu Lnu Iraq has attempted exactly such a demand of late. I'm sure these demands and threats were a topic of discussion at the recent meetings. In 2021, the American authorities assured the CBI the funds were secured and accounted for but I should imagine the CBI wanted proof with the conclusion of the economic reform project drawing near. So you see, the recent meeting in New York has everything to do with the monetary reform as the numbers must be crunched and amounts verified. I see this as a positive in the grand scheme of things. [Post 2 of 2]

9-4-2024 Newshound/Intel Guru Fnu Lnu The recent visit of the CBI to New York was most assuredly to have a chat with the Federal Reserve Bank of New York. The FRBNY is holding the DFI funds and has been since 2003. I should imagine that the CBI was discussing the release of the funds back to the CBI as part of the economic reform regimen. In the past, accounting of the funds has come under scrutiny...1.7 Billion was unaccounted for, so said the Pentagon. Distrust has been an issue. In 2020 the State Department threatened Iraq with denial of access to the funds if Iraq ever insisted the United States military withdraw. [Post 1 of 2...stay tuned]

9-4-2024 Newshound Guru Militia Man Article: "Away from the grey list" Article quote: "Due to the spread of this phenomenon means the Iraqi business environment has become compliant with international standards.

They're ready to be Article VIII compliant...To be in compliance you're going to have to have an exchange rate...1310 isn't one of them... This reeks of Article VIII compliance with the IMF, knocking on the door. I think that is powerful.

9-4-2024 Newshound/Intel Guru Mnt Goat

...Iraq told us all about how they fully intend to get back the “glory days of dinar” and so...Yes, simply put, they are doing it... at this point the pieces are all aligning so nicely...it’s all about implementing the Financial Reforms and then comes the Project to Delete the Zeros followed by the Reinstatement. You can’t do one without the other... it certainly “is not all done”... the path to the reinstatement is crystal clear... you can see the writing is on the wall. I don’t say this lightly either. We are just about there...

9-4-2024 Newshound Guru Clare Article: "Central Bank of Iraq makes progress in reforming banking sector" Quote: "US Ambassador to Iraq Alina Romansky confirmed [via tweet]...the Central Bank of Iraq has made progress in reforming the banking sector...We commend the progress made by Iraq and the Central Bank of Iraq in reforming the Iraqi banking sector in partnership with the US Treasury and the Federal Reserve during recent meetings in New York, where the two parties discussed ways to cooperate to enhance transparency and integrity in the Iraqi banking sector."

9-4-2024 Intel Guru MarkZ

[via PDK] Comment: 13 banks over there are set up for foreign currency exchanges. Saw an article on that a few days ago. MarkZ: Suddenly they are operating as if they were already in the WTO. And yes…13 of their banks can now take international exchanges. It’s curious and I think tells us how close we are.