CBI To Increase Value of Dinar in Coming Days!?US Supports Iraq!?Dinar RV Updates | IQD ReValue News (2024)

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Updates from 8/19/24:
✅ Mountain Goat: The CBI is demanding guarantees to ensure the currency reform process leads to reinstatement on the FOREX.
✅ MarkZ: Many expect significant developments between the 20th and 21st, with top contacts preparing for potential changes.
✅ Samson: Iraq is considering using the dinar instead of the dollar in oil sales, signaling a possible shift in economic strategy.
✅ Clare: The government is exploring the possibility of a flexible exchange system linked to oil prices.
✅ Militia Man: Ongoing education for citizens suggests a significant change, likely a flexible exchange rate system.
✅ Jeff: The timing of Iraq’s fiscal budget period is crucial to the rate change.
✅ Nader From The Mid East: The U.S. is helping Iraq rebuild its economy and is not a hindrance to progress.
✅ Samson: The Central Bank of Iraq is working to reduce the dollar's price in the coming days.
✅ Militia Man: Iraq is focused on controlling the dinar's value, not the dollar.
✅ Walkingstick: The monetary reform in Iraq is solid, and the CBI governor remains in position despite pressures.
✅ Fnu Lnu: The U.S. will not be withdrawing troops from Iraq, ensuring continued influence and support.
✅ Breitling: The U.S. might impose economic restrictions on Iraq if necessary.
✅ Clare: The Central Bank is buying dollars in an unprecedented move since 2003.
✅ Militia Man: Despite pressures, CBI Governor Alaq remains in his position, indicating strong support from the U.S. and Iraqi leadership.
(Source: dinarguru.com)

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CBI To Increase Value of Dinar in Coming Days!?US Supports Iraq!?Dinar RV Updates | IQD ReValue News (2024)

FAQs

Is the Iraqi Dinar expected to go up in value? ›

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.

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.

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

1 IQD = 0.000767 USD Aug 21, 2024 07:41 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

What is the forecast for Iraq dinar to USD? ›

The Iraqi Dinar is expected to trade at 1302.45 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1313.36 in 12 months time.

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.

Can I buy Iraqi dinar at Bank of America? ›

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.

Where is the safest place to buy Iraqi dinar? ›

US First Exchange provides the most secure platform for you to buy Iraqi Dinar online. We deal in over 20 currencies, including exotic currencies. All packages are insured at full value, and payments are processed the same day.

Can I buy dinar at Chase Bank? ›

Does Chase Bank buy or exchange Iraqi dinar (IQD) currency? JP Morgan Chase (JPMC) does not buy, sell, or exchange Iraqi dinar (IQD) banknotes and currently has no plans to offer this service in the future.

Where can I sell my 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.

What is the strongest currency in the world? ›

Kuwaiti Dinar

The Kuwaiti Dinar is renowned as the strongest currency in the world. Introduced in 1961, it has maintained a commanding presence due to Kuwait's substantial oil reserves, which account for a significant portion of its economic output.

What was the value of the Iraqi Dinar in 1990? ›

By not following the US devaluations in 1971 and 1973, the official rate rose to US$3.3778, before a 5% devaluation reduced its rate to US$3.2169, a rate which remained until the Gulf War in 1990, although in late 1989 the black market rate was reported at five to six times higher than the official rate.

What was the original value of the Iraqi Dinar? ›

During British occupation in World War I, the Indian Rupee was introduced as the first official currency of Iraq. In 1932, the Iraqi Dinar replaced the Rupee at a rate of 1 Dinar to 11 Rupees and was pegged to the British Pound until 1959. The peg was then switched to the US Dollar at a rate of 1 IQD to 2.8 USD.

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