Mountain Goat

What will the new rate of the dinar most likey be like when it does come out. To answer this question just listen to what the CBI has been telling us. They are trying to bring back the Iraqi dinar to a rate of something like in the 1980’s. So what was the rate back then. [In 1980 the dinar was $3.39]

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MarkZ

[via PDK]

Article:
‘PM Mosrour Barzani to present results of US trip at Wed. cabinet meeting’

He has been spending a lot of time with Rubio and the state Dept crew along with the UST. It makes me wonder if the US is working both sides of the political aisle. The US needs Iraq to be ready and reset their value…finally. 

What I learned over the ‘FX-VU Strategic Release memo – $4.8101 IQD Anchor and Post  Forex Convergence’ …so far is, it is not a government article. But it does represent a researchers tremendous amount of work.  It has led to us tracking down other things that are pointing at it. There are many indicators towards this… Somebody may have spent hundreds of hours putting this together…My hat is off to whoever did this research. There is supporting evidence that they may be d**d on concerning the rate projection…which has me very excited. 

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Frank26 (KTFA)

Community Comment about Forex Summary:
‘This is 100% confirmed that the Iraqi dinar is on Forex.’

No it’s not.

Community Comment:
‘This is now considered a managed float.’

No. No. No…Forex and the Iraqi dinar is good news but it’s not what they’re saying on the internet…This is all part of the White Paper Plan…This is the Asraflk education telling the Iraqi citizens…The horses are now in the gate and they are ready to go active…international…They are talking about the Iraqi dinar being ‘paired’ with the United States dollar, not pegged…$4.81 that is a goal but they are not there yet…The Iraqi dinar are being put in position to go live international trading as soon as they pull the trigger…This could take weeks…months…years…but I don’t think it’s gonna.  

[Iraq boots-on-the-ground report]

FIREFLY: Television is showing us the exchange rate of the Iraqi dinar currency against the dollar has dropped again. It dropped another 100 from yesterday. This is insane. It’s moving so fast. The dinar is gaining strength every day.

FIREFLY: Sudani met today with the board of directors from the CBI. All the banks were there too.  Now in front of everybody he replaced some of the board of directors that were not on board with the new digital system...

FRANK: Sudani just fired a bunch of [CBI] board of directors and replaced them with those that want to have the monetary reform…    

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Pimpy

I’m dealing with probabilities whether or not they delete the zeros, that’s what we’re really watching. Can Iraq increase your exchange rate without deleting the zeros. That’s what we’re watching for. 

There is no ‘Tier 1, 2, 3’. That’s all a lie. There is nothing going on in Reno that you need to worry about. That’s all bull s**t.  

Sandy Ingram

Representatives Joe Wilson of South Carolina who is a Republican and Jimmy Panetta a D******t from California introduced a bill called the Free Iraq From Iran Act…The bill will need to go to the Senate and then be signed by the president. You as IQD investor want to understand this bill because it is a game changer. The first thing the bill calls for dismantling Iran backed militants within Iraq’s borders, including the PMF Popular Mobilization Forces.  This is all set to end Iran’s dominance in Iraq’s political system.

The next thing the bill proposes, and this is the kicker, ceasing US security assistance to the Iraq government unless all Iran-backed militants are dismantled, meaning Iraq ceases to support t*******m and these militant are removed from Iraqi security forces and government ministries.  This is major.  This puts an end to Iraq and Iran holding hands…Over $100 billion Iraqi’s bank account is at stake…Iraq is still under shadow sanctions…The next thing on the bill…calls for expanding American broadcasting efforts…more m**************a to expose war c****s and c********n associated with Iran-baked militants…

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Clare (KTFA)

Article:
‘The Central Bank told Al-Eqtisad News: Our measures contributed to lowering the exchange rate, and the decline is not temporary.’

Quote:
‘The Director of the Investment Department at the Central Bank of Iraq, Muhammad Younis, confirmed on Wednesday that the decline in the dollar exchange rate in local markets is not temporary …the Central Bank possesses substantial foreign currency reserves and is capable of controlling exchange rates.’

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Walkingstick (KTFA)

The United States of America is working on an act.  The act is called Free Iraq from Iran.  It’s a congressional act.  HR-2658.  It was done on April 3, 2025.

Paulette (KTFA)

I am hopeful that perhaps the 1390 [Market Rate] target is to enact the Delete the Zeros project (RD/RV) resulting in an annihilation of the Market Rate. This would then result in Article 8 obligation compliance in order to get to the RI stage. This would be congruent with the 2009 MOP/MOF report of ’initially a rate of 1.14-1.18 and held there for a period’ ….prior to ‘restoring the true rate of 3.208.’  I sure hope we are close.

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MilitiaMan

We have not seen the 2023/24 budget schedules yet and they’re not going to see those in the parliament until, I believe, they expose an exchange rate.  That’s where we’re at.

Source : dinarchronicles

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