Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (12-17-2023) (2024)

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

According to Iraqi DinarIntel Guru Frank26 :

If you have held your dinars for at least one year and have a receipt to prove it, then you are likely to be taxed around 20%. However, if you don’t have a receipt, then you may be taxed around 40%. For instance, if you have one million dinars, you will have to pay $400,000 in taxes. If you have a receipt that shows you have held your dinars for at least one year, then you can reduce your tax amount to $200,000. For those who have recently purchased dinars, it may be worth holding onto them for another 11 months for tax purposes. Please note that some experts believe that dinars will be taxed as ordinary income, not capital gains. Therefore, it is always recommended to consult with a tax advisor to determine the appropriate tax for your unique situation.

According to Guru Nader From The Mid East :

“Starting from January, our official currency will be the dinar. The 1st of January marks a significant milestone towards this transition. It’s a big change, so stay tuned for more updates. We might witness the removal of zeros or the introduction of a new currency in January. Sometime in future, the exchange rate will likely become 1 to 1.”

According to Iraqi DinarNewshound Guru Sandy Ingram :

Iraq has voluntarily reduced its oil production by 223,000 barrels per day. As Iraq relies on oil revenue for over 90% of its income, it pays close attention to OPEC’s statements regarding oil prices. The country also listens attentively to the Central Bank of Iraq’s announcements.

According to Intel Guru sheila :

Iraq’s elections will be held on the 18th and 19th. There are rumors that the new exchange rate will be released after the election, but we will have to wait and see if this is true.

According to Iraqi DinarNewshound Guru Kaperoni :

There is an article that many people are misinterpreting. They are referring to the spread being in compliance early next year and not an RV in Iraq. The spread is the difference between the official rate and the market or street rate, and it has been significantly high in Iraq recently. The article implies that the spread is expected to decrease and come closer to the official rate early next year. There is no RV mentioned in the article.

According to Newshound Guru Militia Man :

The article titled “A Statement Issued by the Iraq Economic Contact Group of the Group of Seven Countries, the European Union, and the World Bank” provides further evidence of Iraq’s growing presence on the international stage. The statement is clear and direct, and comes from reputable sources. For anyone still doubting Iraq’s progress, it’s time to face the reality.

According to Iraqi DinarIntel Guru Frank26 :

These phone calls are exposing concealed information [This week’s bank story]…There is not much more time left.At this point, the Venturi effect of the entire monetary change is getting so limited that he can hardly move quickly enough. The staff is receiving training and updates. Very good. They are telling them the dinar, so of course we’ll do it.The banks are aware of this and are preparing their clients accordingly.This is what I’m discovering…I’m a central source of information, so it’s understandable that you’re still receiving a lot of rejections. I get calls from people who want me to tell you about these compelling bank stories.

According to Guest Guru PompeyPeter :

“I believe these are council elections, but it seems like nobody really cares about them. I find it all very strange. I was thinking about the new small category notes and ATMs, and how many people would be trying to get into the bank to change their notes. It occurred to me that they may need the army to protect the movements of the new notes and coins. On the 20th of this month, they have only 5 days left to spend the big chunk of the budget that has been waiting for over 11 months. I think they don’t want to spend it at 1300 because it’s too expensive. It would be the perfect timing to mask these elections with something else, which may or may not be the rate change and new small category notes. That’s just my opinion and I could be wrong.” [Post 2 of 2]

According to Iraqi DinarGuest Guru PompeyPeter :

The leader of the armed forces recently announced that the entire military will be on high alert from Wednesday to Wednesday, beginning the day before yesterday and ending next week. This alert is at Level C, which is akin to a call to arms, and includes reservists. The reason given for this alert is the upcoming election on Monday the 18th, which seems peculiar since most countries, such as the UK and the US, do not have a holiday for elections. During the last council elections, only 40% of eligible voters turned out, indicating a high level of apathy. However, in Iraq, citizens are given a day off to vote, and now Sudan has declared Monday and Tuesday as public holidays for the same reason. The sudden alert of the entire army seems excessive and raises questions about the true intentions behind this move.[Post 1 of 2….stay tuned]

According to Intel Guru MarkZ :

According to a message that was shared via PDK, it seems that the end of the road is near for the people of Iraq. Despite being tight-lipped so as not to reveal too much, the message suggests that exciting developments are unfolding in the country. Apparently, the leaders are hinting to their citizens that a significant change in their valuations is imminent and that they should be on the lookout when shopping. Many people are of the opinion that this could all be leading up to something big in the next few days, and there are apparently several different sources confirming this.

According to Iraqi DinarIntel Guru Bruce :

According to WiserNow, the rates displayed on the screens at Redemption Centers will be the best rates available. If you try to go to a small bank, you will not get the highest rates. Even the top-tier banks cannot match the rates offered at Redemption Centers, which are the rates that President Trump wants us to have. There is a significant difference between the redemption center screen rates and those of the banks.

Iraqi Dinar Guru Updates, Investment, News, Opinions, and Intel (12-17-2023) (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 1.24% against the US Dollar by the end of 2024, as the USD/IQD rate is expected to reach IQD 1,325.60.

Is the Iraqi dinar ready to revalue? ›

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.

What is the outlook for Iraqi dinar? ›

The IQD to USD forecast for the next 1 year suggests that the IQD to USD exchange rate will see a 0.20% rise in the next year, resulting in a rate of $ 0.000765.

What is the new rate for the Iraqi dinar? ›

1 IQD = 0.000763 USD Apr 22, 2024 20:59 UTC.

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.

How much is 100 dollar in Iraqi Dinar new? ›

Convert US Dollar to Iraqi Dinar
USDIQD
100 USD130,922 IQD
500 USD654,611 IQD
1,000 USD1,309,220 IQD
5,000 USD6,546,110 IQD
6 more rows

How much is 2000 000 Iraqi dinar in dollars? ›

Options
IQDUSD
coinmill.com
2,000,0001512.18
5,000,0003780.46
10,000,0007560.92
14 more rows

Does Bank of America exchange Iraqi dinar? ›

Bank of America, N.A. does not buy or sell Iraqi dinar banknotes or Vietnamese dong banknotes, and currently has no plans to offer this service in the future. You may have read on the internet or heard from friends that Bank of America, N.A. buys and sells these banknotes, or has plans to offer this service.

Is it safe to go to Iraq today? ›

Iraq - Level 4: Do Not Travel.

Where can I exchange Iraqi Dinar for US dollars? ›

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. Here are a few highly-rated online currency exchange services that accept Iraqi dinars: US First Exchange.

How is the dinar so strong? ›

The world's strongest currency is the Kuwait dinar. Its high value comes from Kuwait's booming oil industry, which accounts for 80% of the country's exports. It is also the highest valued currency pegged to the US dollar.

How to sell Iraqi Dinar? ›

How To Sell Iraqi Dinar Online
  1. Choose Currency. Select the amount you wish to sell and your conversion rate will be calculated. ...
  2. Ship Your Currency. Request a shipping kit with instructions on how to send your currency to us.
  3. Receive Your Funds.
Oct 28, 2022

Does Wells Fargo exchange Iraqi dinar? ›

Does Wells Fargo buy or sell Iraqi dinar? Expand. No, Wells Fargo does not buy or sell Iraqi dinar in any location - online, by phone, or in our branches.

How much is $1000 in Iraq? ›

Download Our Currency Converter App
Conversion rates US Dollar / Iraqi Dinar
1000 USD1,310,000.00000 IQD
2000 USD2,620,000.00000 IQD
5000 USD6,550,000.00000 IQD
10000 USD13,100,000.00000 IQD
8 more rows

How much is $500 dollars in Iraqi dinar? ›

655,000.00000

Should I invest in the Dinar? ›

The Iraqi dinar “investment” opportunity is a scam that has been around for a few years and has recently been regaining much of its former popularity. The opportunity is pitched as a way to profit from a nearly worthless Iraqi dinar that are “sure” to appreciate in the future.

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.

When did the new Iraqi dinar come out? ›

Starting on October 15th 2003 a new national currency known as the 'new Iraqi dinar' will begin to replace the existing currency, the 'old dinar', and the currency used in the North of Iraq, the 'swiss dinar'.

Where can I exchange Iraqi dinar for US dollars? ›

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. Here are a few highly-rated online currency exchange services that accept Iraqi dinars: US First Exchange.

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