These are Iraqi Dinar Guru Updates, News, Opinions, and Intel Dinar Opinion‘
According to Iraqi Dinar Intel Guru Frank26 :
“I have a question. Some of the banks I called said that they are going to send my dinars to another bank for inspection and then bring them back. But if the Brink truck carrying the dinars gets robbed on the way to the other bank, what happens? They said they will replace the value of the dinars, but that’s not good enough as the value is currently very low. It’s important to not lose sight of your dinars. I suggest taking pictures of the front of your dinars, as that’s where the batch number and serial numbers are located. These numbers are important and will help in case your dinars get lost or stolen.”
According to Newshound Guru Pimpy :
“What is the difference between a dirty float and a managed float?” This question refers to the exchange rate system used in Iraq. Currently, there is a fixed rate of 1320 dinar for a dollar. However, there are two types of floats that can be used instead. A free float is when the market determines the exchange rate without any intervention. On the other hand, a managed float (or dirty float) is when the Central Bank of Iraq watches the exchange rate in the free market, such as forex. If the exchange rate moves too much in one direction, the Central Bank will intervene to control it and prevent it from becoming too unbalanced.
According to Iraqi Dinar Intel Guru MarkZ :
“I’m having a frustrating evening with RV news. Everywhere I go, I’m not getting any updates. I don’t know if this is good or bad, but it’s only the second day of January and the first work day of the new year.”
According to Guru Nader From The Mid East :
“I believe that both the exchange rate and the lower currency value will be changed simultaneously. My reasoning behind this is that a big change in exchange rate cannot be made without a corresponding change in the lower currency value. Similarly, a small change in the lower currency value cannot be made without a corresponding change in the exchange rate. Therefore, if the currency value is reduced by removing three zeros, the exchange rate will also have to be reduced by the same amount. This is what I think.”
According to Iraqi Dinar Newshound Guru Sandy Ingram :
There are often questions about why the Iraqi dinar has different rates in Iraq and online. Two main reasons explain the discrepancy. First, the Iraqi government enforces strict currency controls to prevent dinars from leaving the country. This creates two exchange rates: an official fixed rate set by the Central Bank of Iraq, and a freely fluctuating market rate used for private transactions and most imports. Second, the IQD is not widely traded internationally, resulting in limited demand for dinars outside of Iraq. This weakness in demand reduces the value of the currency on the international market. However, some speculate that rumors of a potential revaluation of the Iraqi dinar can sometimes influence online prices. As investors, we may be contributing to fluctuations in the currency’s value.
According to Newshound/Intel Guru Walkingstick :
The United States Treasury, the US Federal Reserve Bank, the Bank of International Settlements, and the World Trade Organization, along with the European Union, have been collaborating with Iraq to help it transition to an international standard. This means that Iraq’s financial systems and processes will soon align with global standards, which is a significant development. It’s important to note that the information about this transition is not just coming from unreliable sources but from some of the largest financial entities in the world. Therefore, it’s essential to pay attention to this information.
According to Iraqi Dinar Intel Guru Frank26 :
The United States Treasury, the US Federal Reserve Bank, the Bank of International Settlements, and the World Trade Organization, along with the European Union, have been collaborating with Iraq to help it transition to an international standard. This means that Iraq’s financial systems and processes will soon align with global standards, which is a significant development. It’s important to note that the information about this transition is not just coming from unreliable sources but from some of the largest financial entities in the world. Therefore, it’s essential to pay attention to this information.
According to Newshound Guru Militia Man :
The United States Treasury, the US Federal Reserve Bank, the Bank of International Settlements, and the World Trade Organization, along with the European Union, have been collaborating with Iraq to help it transition to an international standard. This means that Iraq’s financial systems and processes will soon align with global standards, which is a significant development. It’s important to note that the information about this transition is not just coming from unreliable sources but from some of the largest financial entities in the world. Therefore, it’s essential to pay attention to this information.
According to Iraqi Dinar Newshound Guru Pimpy :
“What is the current exchange rate for Iraqi dinars to US dollars? It’s currently 12 dinars for every $1.00. I believe I have 4 million dinars, so if I divide that by 12, it means I have $333,500. This is the amount I would get if I were to exchange my dinars at the current rate of 12 to 1. However, according to an article I read, it’s not expected to change until 2026. Although it is possible for something to happen to expedite the process, they are currently saying that 2026 is when they will review whether or not to change the exchange rate to 12/1. I recommend using the Dinar Guru Calculator to determine how much money you could potentially have. You can find the link to the calculator at the top of this page.” [Post 2 of 2]
According to Newshound Guru Pimpy :
I believe the article “Government adviser announces entry into force of 2024 budget” has an important detail that many people are overlooking. The article includes a quote which mentions the exchange rule 12/1 that is currently not present in the Financial Management Law No. 6 of 2019. This law is set to be amended until the start of 2026. The 12/1 rule refers to the exchange rate between the Iraqi dinar and the US dollar, which has been revised multiple times in the past. As of now, it stands at 1 US dollar for 1160 Iraqi dinars. Based on the information provided, it seems like the exchange rate may change at the beginning of 2026. [Post 1 of 2…stay tuned]
According to Iraqi Dinar Intel Guru Frank26 :
“I believe that the monetary reform in Iraq has been successful. Now, they just need to inform people about the new exchange rate and the new currency that has been discussed with them. This is why we can see a lot of people signing up contracts and investing in Iraq. I mean, it’s obvious that they wouldn’t sign these contracts at the program rate, right?”
According to Intel Guru RayRen98 :
A group of individuals with three-letter names have informed that the “issue” that was causing hindrance in the RV process has been resolved.
According to Iraqi Dinar Intel Guru yada :
It’s believed that once the US dollar is removed, the value of the dinar will increase based on the reissued rate. Additionally, it’s expected that international contracts will become worthless if the rate isn’t adjusted. Currently, we are witnessing this change happening. It’s important to understand Iraq’s history and the steps they had to take to get back to the international standard. Watching this process unfold is crucial to building confidence in the outcome.
