Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-2-2023) (2024)

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

According to Iraqi DinarNewshound Guru Pimpy :

We are only two months away from the end of the year. The question is, can Iraq endure this currency exchange rate for the remaining two months? If the market remains stable, we might be able to see it happen. However, in my opinion, they should consider adjusting the exchange rate slightly to alleviate the current situation.

According to Newshound Guru Militia Man :

Ever since the Ministerial Council of Economics became involved, which happened in November of last year, there has been a significant shift in dynamics. It’s not the same old story that people are used to hearing. Those who believe so should take the time to understand their investments and get involved because change is imminent.

According to Iraqi DinarIntel GuruMarkZ :

I have received some interesting and exciting information via PDK that indicates progress is being made and we will see the results of it very soon. I am also being informed that things have already been accomplished in the Middle East and we are waiting for their implementation. When Kuwait went through a similar process, they managed to keep it hidden for about 10 days. I’m not sure if they can keep it under wraps that long in today’s world. However, I am consistently being told that notifications will be coming soon.

According to Intel Guru Frank26 :

The Iraqi Central Bank is working with the US Federal Reserve to increase its dollar transfers, as part of the monetary reform to combat corruption.

According to Iraqi DinarGuru Nader From The Mid East :

I understand that you’re excited about the recent developments in the news. It’s great to see progress being made towards fighting corruption. It looks like things are really starting to happen, and that’s a positive thing. Let’s keep pushing forward in the fight against corruption.

According to Newshound Guru Clare :

The Iraqi Central Bank is seeking assistance from the US Federal Reserve to increase its dollar transfers. The Finance Committee is in constant contact with the Central Bank of Iraq and other concerned parties to address the issue of fluctuating dollar selling prices. They support all measures that can restore stability to the exchange rate and find alternatives and solutions that preserve the strength of the Iraqi dinar and cash reserves of hard currency.

According to Iraqi DinarNewshound GuruPimpy :

Starting next month, Kurdistan will begin using the Iraqi dinar for crossings and airport transactions. This is a significant step towards stabilizing the Iraqi currency. It’s a major move that will help strengthen the Iraqi dinar, which is great news for its supporters. Overall, this decision is awesome and will have a positive impact on the Iraqi economy.

According to Newshound/Intel Guru Mnt Goat :

According to my contact at the CBI, January 2024 is the target and the most opportune time to reinstate the dinar. During my last conversation with my contact, I was informed that they have been given the green light to begin re-educating the citizens about the newer, lower denominations and how the conversion back to the lower denominations as they had before 2004 will take place. I am still very hopeful for a January 2024 reinstatement.

According to Iraqi DinarNewshound Guru Militia Man :

It has been reported that negotiations are underway between Iran and an important digital bank in the country, under the supervision of the Central Bank and in cooperation with Visa International, to create a new banking service called Visa Direct. The purpose of this service is to facilitate inter-trade between the two countries using new currencies other than the dollar. The hope is that this platform will lead to the collapse of black market prices. This is a significant development with international implications, as it aims to eliminate the black market and reduce corruption in the region.

According to Intel Guru Frank26 :

This is a report from Iraq with the latest updates. Firefly reported on television that the Iraqi parliament fully supports the CBI and its actions to control the exchange rate for the monetary reform. Frank believes that the reason behind parliament’s support is due to the fact that they have lost full control of corruption, and hence they are now promising to deliver everything that was earlier promised by Sudani and Alaq, including the new exchange rate, HCL, and budget.

According to Iraqi DinarNewshound Guru Pimpy :

To be honest, despite pleas from Sadr to get involved, Iraq has managed to remain out of the nonsense happening there.

According to Intel Guru yada :

There are many events that cannot be hidden, such as the currency swaps with other countries, the activation of their banking system using dinars only starting from 11-1-23, the connection of banks, ports, and government offices with their central bank. All of these activations will take place before the rate change in the country and internationally.

According to Iraqi DinarIntel Guru MarkZ :

[via PDK] I heard that Iraq submitted an application to join the World Trade Organization on November 1st, 2023, and there will be a meeting over the next three days. According to MarkZ, Iraq has already been approved for ascension, but they still need to change their rate before they can officially join the organization. This is a widely held assumption, and these three days of meetings are crucial for Iraq’s progress towards joining the World Trade Organization.

Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (10-2-2023) (2024)

FAQs

What is the future prediction for Iraqi dinar in 2024? ›

Will Iraqi Dinar get stronger against US Dollar in 2024? Iraqi Dinar is expected to rise by 0.61% against the US Dollar by the end of 2024, as the USD/IQD rate is expected to reach IQD 1,316.94.

What are the Iraqi dinar predictions? ›

The IQD to USD forecast for the next 6 months is that the IQD to USD rate will decrease by -0.81% and hit $ 0.000758.

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

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.

Is dinar expected to go up? ›

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.

Is it smart to invest in Iraqi dinar? ›

Buying the Iraqi Dinar as an investment is extremely risky and should be avoided. There is a high degree of uncertainty when it comes to the future development of Iraq, and the Iraqi Dinar has very poor liquidity.

Which American banks exchange Iraqi dinar? ›

Several U.S. based banks have exchanged dinar over the years, Citi, HSBC, Bank America, First Third, they all exchanged U.S. dollar for Iraqi dinar over the years, so check with them first, secondly, you can easily exchange on eBay.

What is the new Iraqi dinar? ›

The new Iraqi dinar will create a single, unified currency that is used throughout all of Iraq and will also make money more convenient to use in people's everyday lives.

What is the best dinar to buy? ›

Kuwaiti Dinar (KWD)

The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar).

How much is $1000 USD in Iraqi dinar? ›

1,310,000.00000

What is the highest Iraqi dinar? ›

ActualPreviousHighest
1309.321310.061460.00

How much is $500 dollars in Iraqi dinar? ›

Convert US Dollar to Iraqi Dinar
USDIQD
100 USD130,900 IQD
500 USD654,500 IQD
1,000 USD1.31M IQD
10,000 USD13.09M IQD
5 more rows

How to cash out Iraqi dinar? ›

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 Iraq going to join BRICS? ›

These include Baghdad's overreliance on oil exports and limited trade with some founding BRICS members. Such hindrances mean Iraq is unlikely to join the bloc any time soon.

What is the value of an Iraqi dinar to a US dollar today? ›

Handy Conversion Data Table
Iraqi-Dinar to DollarsDollars to Iraqi-Dinar
1 IQD0.0008 USD1313.2763 IQD
2 IQD0.0015 USD2626.5526 IQD
5 IQD0.0038 USD6566.3816 IQD
10 IQD0.0076 USD13132.7631 IQD
10 more rows

Which American banks exchange Iraqi Dinar? ›

Several U.S. based banks have exchanged dinar over the years, Citi, HSBC, Bank America, First Third, they all exchanged U.S. dollar for Iraqi dinar over the years, so check with them first, secondly, you can easily exchange on eBay.

What is the highest Iraqi Dinar? ›

ActualPreviousHighest
1309.321310.061460.00

What is the new Iraqi Dinar? ›

The new Iraqi dinar will create a single, unified currency that is used throughout all of Iraq and will also make money more convenient to use in people's everyday lives.

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.

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