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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6-30-2024 Newshound Guru Sandy Ingram The four factors that have or can affect the Iraqi dinar currency...The first...is the '24 budget...presents a significant issue for Iraq. The World Bank's assessment that Iraq needs an oil price of $90/barrel to meet budget requirements is a stark contrast to the current oil price of around $80...This ongoing issue boils down to how the World Bank reviews financial data and how Iraq view the same data. The second factor...until 2014 Iraq almost always created jobs for college graduates...In the eyes of Iraq, a government career is part of the benefits of being an oil rich county...One reason the budget is so large is that Iraq is budgeting for over 700,000 new government jobs. [Post 1 of 3....stay tuned]

6-30-2024

6-30-2024 Newshound Guru BuckeyeTree We are at the end of June, and Sunday, June 30, is mid year, an opportune time. Almost daily there is a cascade of news in articles from Iraq...IMO, June may end with great news, and, if not with what we seek, but maybe news that brings us yet closer to what we seek...Now ATMs are out and official WTO full member status as of July 18. IMO, the window seems to be getting smaller and startup of those idle ATMs dispensing and working maybe closer! IMO.

6-30-2024 Newshound/Intel Guru Walkingstick

The ATM machines, they're all poised like centurions that are standing there. These ATMs are guarding the lower notes. It's time for all of this to come out now. It's just the budget we are waiting for. We're not waiting for any laws, we're not waiting for any new procedures.

6-30-2024 Newshound Guru Clare WTO Article: "FORMAL WORKING PARTY MEETINGS 2024 18 July 2024 - THU 18 JUL 10:00 Working Party on the Accession of Iraq"

6-30-2024 Intel Guru Frank26

[Iraq boots-on-the-ground report] FIREFLY:
We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO. This is going to be official...July the 18th. FRANK: To join the WTO Iraq does not need a currency with value. No, that's not the point. Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

6-30-2024 Intel Guru MarkZ [via PDK] Something fun popped into the news yesterday...both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July. Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July. That tells us how stinking close we are...Why would they need theses lower denominations unless the currency is worth more? ...

6-30-2024 Guest Guru Banker ...The new Budget was included in the latest Gazette but the rate was not given. I now have it from three different sources that Iraq is planning a nationwide celebration for this Sunday 30 June. There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM’s with the new currency will be opened...

6-29-2024 Intel Guru Frank26 Question "Is it safe to give somebody at the bank your money before it's verified?"

.If you go to a bank and they say we're going to exchange the currency for you but we're going to have to take this currency and send it to the upper echelon bank...do a 180, about face, and run like the Road Runner. Get away from them as fast as you can. You never want to give up your dinars to anybody...Simply say, give me the address of that bank and you take them.

6-29-2024 Intel Guru RayRen98

[via Babysmom] "THE CLOCK IS TICKING. IT APPEARS THAT CELEBRATIONS HAVE COMMENCED EARLY ON SATURDAY EVENING...THE GAZETTE" UPDATES" AROUND 4:00 A.M. EASTERN...TIME WILL TELL!!!"

6-29-2024 Newshound Guru Clare Article: "A new Iraqi plan to return the green bird to the skies of Europe again " Quote "The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again."

6-29-2024 Newshound Guru Pimpy I own 5 million Iraqi dinar. Nothing would make me happier than to wake up in the morning and hear, 'hey, the new exchange rate is 3 US dollars for 1 Iraq dinar and they kept the zeros on there.' I would be jumping up and down...

6-29-2024 Intel Guru Wolverine [via Judy Byington] “I want you all to get ready as Iraq is going to have a massive celebration this Sunday 30 June. The RV is nearly here and it’s going to be very emotional for all of us...

6-29-2024 Intel Guru Frank26 Sudani...I honestly feel he has put everybody ...in checkmate...He put Kurdistan and Barzani in checkmate when he showed them the new exchange rate IMO. He put all the contractors in checkmate ...when they rewrote [contracts] with the new exchange rate IMO...Sudani has...all those involved in monetary reform in checkmate, even the United States of America, WTO, everybody is in checkmate...Look at all the excitement...pomp and circ*mstances pointing at Iraq from everybody... bowing to Iraq...You got the oil we want...The whole world knows Iraq are in control of them.

6-29-2024 Intel Guru MarkZ [via PDK] ...I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday. I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette. There was some hope it would be printed this morning.

6-29-2024 Newshound Guru Militia Man The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...

6-29-2024 Newshound Guru Clare Article: "Iraq and Britain discuss preparations for Sudanese's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries”

6-29-2024 Intel Guru Bruce

[via WiserNow] ...all of this information...is coming from Iraq directly, and we have some sources there ...was at the Baghdad International Airport and was able to use his credit/debit card. An Iraqi citizen was able to use his credit debit card to not only obtain lower denominations on the ATM, but also purchase airline tickets – in the ATM – which I didn't know you could do...He did have a rate, and he was...successfully able to transact business in Iraq - on the Iraqi dinar...He said, our time will come in a couple of days, a couple more days, but I think he's probably right...This should be a bang up weekend for us.

6-29-2024 Intel Guru Frank26 Article: "Finance begins distributing estimates of the state's current expenditures, revenues, and public investment projects" That's a lot of words for one thing. You know what it is? The budget has the new exchange rate in it. These steps will reveal the new exchange rate.

6-29-2024 Intel Guru MarkZ [via PDK] With what I am hearing from the banking side…this may be it. I am feeling exceptionally good as to where we are at right now. News is pointing to right after July 4th from the banking side. I continue to get similar things for between the 4th and the 15th out of Iraq. I am hopeful this is accurate...We are watching it wind down to completion.

6-28-2024 Intel Guru Frank26 Question: "When they release the new rate in country will it be international? Will we be able to exchange or will there be a delay in between?" When the CBI releases the new exchange rate, that's it. It's automatic. There's only one exchange rate. There aren't two...

6-28-2024 Intel Guru Bruce [via WiserNow] from Iraq, from the source in Fallujah and this source was saying that we would have the Iraqi 2024 budget in the gazette over this weekend, that would be Saturday or Sunday.

6-28-2024 Newshound Guru Samson Article: "Iraq and Britain discuss preparations for Sudan's visit to the United Kingdom and ways to enhance partnership and cooperation between the two countries"

6-28-2024 Newshound Guru Militia Man This isn't the old days. It's a progress of education that they are teaching us and they're teaching their people. They're telling the world what they're doing. The 'big money', they know how this is rolling and they can see this...These are the things...we should feel good about because this is showing us big things are happening.

6-28-2024 Intel Guru Frank26 Article "Cancellation of Paragraph ( 5 / d ) of the instructions and standards for circulation and replacement of banknotes, and the counting and sorting mechanisms". INTRODUCING THE LOWER NOTES!

6-28-2024 Newshound Guru Clare Article: "The President of the Republic approves a number of laws, including the 2024 budget schedules" Quote: “The President of the Republic, Abdul Latif Jamal Rashid, ratified a number of draft laws, which are the schedules of the Federal General Budget Law for the year 2024...The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."

6-28-2024 Newshound/Intel Guru Mnt Goat ...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.

6-28-2024 Newshound Guru Kaperoni Until Iraq creates such conditions, passes laws, encourage investment, and Iraq begins to diversify away from dependence on oil, nothing will happen with the Iraqi dinar.

6-28-2024 Intel Guru Frank26

[Iraq boots-on-the-ground report] FIREFLY:
The television is saying parliament committee is saying there is a new number in the budget. They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process...

6-28-2024 Intel Guru Holly ...based on Iraq’s progress things are definitely on track to being done...I see a culmination of this sometime this summer and it could go now or it could be later, no one and I mean no one will know when...We are definitely in the end time of all of this.

6-28-2024 Intel Guru MarkZ [via PDK] ...the chatter is screaming “now” and I continue to hear from bankers to watch for it between July 4th to the 8th... Iraq has been very clear that they are moving toward that direction. I can’t imagine they would keep all that security stationed at ATMs around the country for long. I look for something to happen sooner rather than later.