MarkZ [via PDK] Last time I checked [Forex]…it [dinar] was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.
Pimpy We all know this, the Iraqi dinar is not a scam itself. The Iraqi dinar is legitimate but there are people out there that use Iraqi dinar to pull off scams.
Frank26 [Colorado Bank Story] I called my bank [Well Fargo] and had a conversation with someone over the phone and they treated me like I just came out of a cave – ‘No. There’s no way. No we don’t handle [dinar].’ All that negative talk that everybody’s getting. Then today I asked to speak to the bank manager for other purposes but while I have you on the phone, lets [try again]. He [says] yes I’m very aware.
Clare Article 1: “Al-Muslimawy: There is a policy to reduce the dollar exchange rate and control it in Iraqi markets” Article 2: “A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline“
Sandy Ingram In 2023 Vietnam recorded approximately $28.5 billion US in tourism revenue…Iraq has the ability to generate this same amount or more each year due to the historic landmarks and religious hot-spots in the country. All Iraq has to do is implement safety for tourists. Egypt generated $10.7 billion in tourism in 2022 and $13.1 billion in 2023…Iraq is the birthplace of the top three religions in the world today – Judaism, Christianity and the Muslim faith. There are important landmarks within Iraq for all three of these religions, including the ancient city of Babylon.
MarkZ [via PDK] …still getting plenty of chatter from groups that they are waiting for the shoe to drop…everybody is at the edge of their seats.
Walkingstick Question: “Why is the IQD the only currency increasing in value that we’re seeing on Forex? It’s taking off like a rocket.” The investors. They’re not stupid. They know. The investors smell the security and stability. But the real reason they have security and stability is because they have a new rate.
Pimpy Question: “Why would [Iraq] let anyone benefit from this?” Why wouldn’t they? It’s the Iraqi people that really need to benefit from this...It’s not their fault their leaders are all wack-a-doodles… There’s enough resources in Iraq where they should be living pretty dang good over there. Increasing the exchange rate and giving them more purchasing power would definitely change their quality of life…Once Iraq can get their crap together and it looks like they’re there – No more sanctions, get into the World Trade Organization, get back on the Swift system…Forex, finish the Port of Faw, finish with the Development Road Project, all those things are going to bring a lot of money into Iraq and their currency is only going to get stronger.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is saying investment in Iraq is over the last three years up 60%. FRANK: The world is pouring in and they can… FIREFLY: It’s a great sign of stability and security and they’re saying with these projects on board investments are only going to go up from there to an all-time high… FRANK: All these reports are good. I believe soon you will be celebrating a new exchange rate for your lower notes.
MarkZ [via PDK] There is constant chatter. Their expectations and preparations are overwhelming. We are all just watching and waiting for the “Go” buzzer to sound.
Clare Article: “Dinar and dollar” Quote: ”Iraqi dinar will return to its lofty economic value”
Deepwoodz [Response to Guru Frank’s post below] The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar. Not the other way around. Even if this is true, definitely an improvement worthy of praise. If you want to see the value of the dinar, simply list it the other direction. i.e….IQD/USD. Which equals .355. 1 dinar =0.35$ [DINAR GURU NOTE: To see the dinar at different possible rates use the Dinar Guru calculator. You’ll find the link in the navigation bar at the top of this page…it’s free to use for Dinar Guru community!]
Pimpy I’m sure you’ve heard the great news by now, the IQD is on the “private side” of the Forex…This sounds like some great news don’t you think? …I’m grateful to do all the research for you so you don’t have to…There is no “private side” of Forex. None. The Forex is open to all participants who have access to the necessary trading platforms and infrastructure…There is no “private side” of the Forex…
Frank26 IQD on Forex is on the private side. [Found by Forex Girl] 1. www.Forexlive.com 2. Click Live Charts. This is free but there is a private side. We can at least get a little example. 3. Click EURUSD in the top left of the chart. 4. Delete EURUSD in the top left box and type in USD/IQD. Wow! Oh, my goodness…The Iraqi dinar is going through a phase where it’s being traded internationally on a private side of Forex. It is live. In December it was trading about $2.40 to $2.50. In January it was trading at about $2.60. Last month it was about $2.63 or so. Sunday it was $2.70…IMO this is a trend that is going towards the reinstate phase of the Monetary reform to reach the $3.22 that it was.
MarkZ [via PDK] We are seeing rates bounce all over the place based on the trading screens…the only way you will see those is if you know somebody who is a licensed, accredited forex trader.
