5. Domestic demand is primed and export opportunities abound. You are just as essential to Iraq�s success as the official commitments that will be announced at tomorrow�s conference. The Coalition Provisional Authority and the Iraqi Governing Council introduced the new dinar last week. Iraq … These stories about dinar intel often come from people claiming to be dinar detectives who have inside knowledge about an imminent Iraqi dinar to USD revaluation. Itâs possible that Trumpâs reference to a level playing field was about foreign trade deals, and we took his comments on foreign currency out of context. Forex refers to currency trading and currency pairs. Many people are now of the opinion that as President Trump attempts to rebuild the United States, he will also pull Iraq up by the bootstraps, rather like a rising tide raising all boats. The pre-1990 Dinar was arbitrarily set by Saddam Hussein and was later demonetized. Yes, the dinar may revalueâbut nobody knows how or when this will happen. Since we are not privy to any behind-the-scenes political deal, we try to tell you what we know about the relationship between the Trump administration and Baghdad. Buy Iraqi Dinar from Treasury Vault with confidence. Since we canât say for sure that Donald Trump invested in the Iraqi Dinar in the first place, itâs impossible to say how much he has bought. Its deposit into the US Federal Reserve has proven to us that our hard earned US dollars have not vanished into a black hole, but are doing the work we had hoped they would. Thanks for organizing so much support for the people of Iraq. Agriculture is underdeveloped, and employs 20% of the workforce. That is why we�re holding this donor conference.If Iraq is to get on its feet, it needs other international donors to be forthcoming. They believe that the United States government will reset the Iraqi dinar, making 1 USD to IQD foreign exchange rate equal or at least beyond its value when Saddam Hussein was in power. Remittances are pouring in from Iraqis abroad, and Iraqis at home will need all manner of banking services to support an expanding economy. It was once, and will again be, a great contributor to the international community in terms of both culture and trade. Unfortunately, the Islamic State (ISIS) slowed down progress to a crawl, and it was only in 2014 after Prime Minister Haider al-Abadi defeated ISIS after replacing Nuri al Maliki. RT @POTUS: Today, America is officially back in the Paris Climate Agreement. Many of the US foreign currency investors have bought millions of Iraqi dinars because they believe President Trump plans to revalue the currency. A leaked budget draft confirmed the Iraqi government’s intention to devalue the Iraqi dinar and slash benefits for public workers in … Where commerce once flourished, it can thrive again. Sumaisem considered that the Iraqi concerned authorities do not know how to act with the crisis. Iraqi GDP in terms of purchasing power today is less than a third of what it was in the late 1970s. The 10,000 dinar note shows the philosopher Abu Ali Hasan, who was born in the city of Basra over 1,000 years ago. Official Central Bank of Iraq (CBI) Dinar Rate: 1460 IQD to 1 USD Dinar Market Rate: (CBI last reported 2-15-2021) 1465.000 IQD to 1 USD - Rates Are Within IMF 2% Rule: YES Started Dec 20, 2020 - Are Rates IMF 2% Rule Compliant for 90 Days: No (maintained market rate starting Mar. The time is coming and recent updates are that US Treasury want Iraqi Dinar on the least rates. As of October 11, it stands at 1,166.08 IQD = 1 US Dollar. To show Iraqi Dinars and just one other currency click on any other currency. A-Rating With The BBB We boast a stellar A-rating with the Better Business Bureau. A major exchange program is underway to replace the hodgepodge of Saddam�s dinars with these new bills, and create a basis for sound monetary policy. General for Tax Administration (TIGTA), Special Inspector General, Today, ongoing internal corruption, a fall in the price of oil, and additional infrastructure damage have slowed down the countryâs hopes for a faster political, sociological, and economic recovery. In truth, the 22-day coalition military operation that crushed Saddam�s regime was the beginning of the reconstruction process; the devastated Iraqi economy was the product of the old regime�s malignant policies. And those who invest in that effort will benefit from an historic economic opportunity as well as playing their part in restoring a proud people to their place among nations. Fraud Waste & Abuse, TreasuryDirect.gov 3 Signs Donald Trump Didn’t Invest in the Iraqi Dinar 1. Trade Bureau, Bureau of Engraving and By helping in rebuilding the infrastructure ravaged by the war, the Trump administration could provide the economic boost that the country needs to develop a stronger currency. That is the main reason for the new look and design for Iraq Currency Watch. They don’t mention that the pre-1990 dinar has been demonetized (worthless) and that its value was arbitrarily set by an autocratic regime led by Saddam Hussein. of Inspector General (OIG), Treasury Inspector When providing information about buying dinar, we always give you a big picture view of what is happening in the news about Iraqâs currencyâso you can make your own decision about the influence the Trump administration will have on the revaluation of the dinar. Given that things are improving in Iraq by the minute, now is the time for forward thinking investors to seize on this unique opportunity. 11 Oct. at 12 Noon there were orders from the Department of Defense and US Treasury to move things forward and allow Iraqi CBI governor Ghaleb and Iraqi Finance Minister Hussein to send the "White Papers" (Iraqi economic reform measures including the new Dinar RV rate) to the Iraqi Parliament for a vote on Tues. 13 Oct. 6. The Iraqi Dinar Scam: Trump Fans Believe Trump Will Make Them Dinar Millionaires The war against ISIS has set Iraqâs economy back. Thank you also to Jaime Malet, President of the American Chamber of Commerce in Spain, for hosting this event. I firmly believe that the threat of those opposed to a free Iraq is diminishing. Finally, the macroeconomic environment has remained remarkably stable � inflation has been only 2 � percent, and the Governing Council has approved a sound budget for 2004 that does not allow for inflationary financing. I really needed to update this site. The news media has recorded no statement by the President that he had invested in the Iraqi dinar. Network (FinCEN), Office of the Comptroller of Skip to content Current Rates: New/ Uncirculated notes: $725 USD (per million IQD) New domestic regulations on domestic banks have increased capital requirements. The old look and feel was not html 5 code. When aÂ dinar guruÂ adds yet another unsubstantiated claim to their dinar chronicles on their dinar blog, you should be wary. Washington, D.C. 20220, General Information: (202) 622-2000 The Trade Bank of Iraq is being established to finance food and capital goods imports. Resource Center (ARC)- Bureau of the Fiscal Service, Treasury .Silver Report Uncut The Dollar Continues Relentless Decline Since Beginning Of November, The World Is Dumping Treasuries Dec 2, 2020 The dollar has been falling ever since the beginning of November for some reason. All currency we sell is legally obtained, legally declared, legally transported, and clear for resale. In fact, the theory of a US government intervention to change the valuation of the Iraqi dinar goes back to the Gulf War in the early 1990s when President Saddam Hussein was still in power. Washington is listening!!!!! At Treasury Vault, we try to keep it real. The World Bank has estimated reconstruction requirements of about $36 billion, with CPA estimates of an additional $19 billion for other reconstruction needs. If we can help the Iraqi people succeed through these early stages of economic and political transition there is no reason why Iraq cannot resume its place as a vibrant, prosperous economy, and serve as an inspiration for the Middle Eastern region. We are a US Treasury registered Iraqi Dinar dealer that is in full compliance with all US Treasury rules and regulations. Treasury Vault currently offers 2 programs for you to sell your Iraqi Dinar. No one really knows for sure if Donald Trump has invested in the Iraqi dinar. They believe their investment will pay off in spades because President Donald Trump will help to revalue the currency. For example, the largest note � the 25,000 dinar bill � has an image of King Hammurabi, who lived almost 4,000 years ago. There is not enough evidence to reach a definitive conclusion. His predecessors have been, too. Ali Hasan was both a philosopher and scientist, and in his vast research he explained, among other things, the manner in which the human eye interacts with visible light. We donât endorse stories about some hidden Trump Iraq transaction, Soviet Union election-meddling, some Wall Street investment scam, or Saudi Arabia sanctions. USD TO IRAQI DINAR 2017. The acquisition of the State of Iraq of US Treasury bonds during the month of June 2019, by 30.94%, year on year. The risk is present, but a business opportunity is also present. 1500 Pennsylvania Ave., N.W. The most popular currency sold at Treasury Vault, by far, is the new Iraqi Dinar (or the IQD). Concerned that Iraq might fall under the influence of the neighboring country Iran, the Trump administration believed that the senior officialâs visit would intensify political pressure against Iran. Iraqis understand that private investment will be the key to raising national income. He made that comment at a press conference with Shinzo Abe, the Japanese Prime Minister. Consider the opportunity there. You should question any claims by a dinar guru you will make a billion dollars if you buy. I know some of you are concerned with physical risks in Iraq, and reasonably so. Iraq is reclaiming a great heritage of enlightenment. The new look and feel of this site will now configure to any mobile device. To end the security threat for good, we need to continue to support a stable, growing society, where every individual has rights and opportunities to succeed, and where life, liberty and property are treated with respect. As a real estate mogul with worldwide real estate assets, itâs within the realm of possibility. He was also responding to questions from reporters about how China appeared to be manipulating the value of its currency, the yuan. In fact, the Saddam dinar has actually strengthened in recent weeks�from a low of about 5,000 dinars per U.S. dollar during the conflict to approximately 1,200 per dollar today. Iraq also had one of the best-educated populations in the region, with a long history � in fact, an ancient history � of combining sound public sector management with a spirited entrepreneurial culture. Here is the email I sent: Dear XXXXXXXXX:I want to start by saying you are doing an outstanding job in Washington.Millions of investors in the US are aware that the US Treasury is holding trillions in Iraqi dinar. On May 2019, Michael Pompeo, the Secretary of State, boarded a flight to the Middle East to visit with top Iraqi government officials about foreign policy matters. CBI INFO & IRAQI DINAR NEWS (7,727) IRAQI DINAR GURU'S (2,905) IRAQI DINAR OPINIONS (1) IRAQI DINAR POLITICS & ECONOMY (16,678) UNCATEGORIZED (1,576) Recent Posts. What we can do, however, is present you with some media-driven facts that are fueling this wave of enthusiasm for the Iraqi dinar. The US helped rebuild the country from the ground up, focusing on the reconstruction of the oil industry, and it is now Iraqâs primary export commodity and the main source of its revenue. They believe he will bring about changes to the value of the Iraqi money so they can cash in and get rich overnight on an Iraqi dinar IQD revaluation. According to Treasury data, Iraq’s holdings of US bonds increased to $ 34.7 billion, up from $ 26.5 billion in June 2018. Iraq increases US Treasury bond holdings. This suggests that Trump could influence political and economic events in that country. The US dollar fell a week ago on the global market by 8%, which prompted the Treasury to stop pumping more .dollars into the US market itself. On Sun. 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Yellen on the Congressional Budget Office Economic Outlook Report, Statement by Secretary Steven T. Mnuchin on Passage of the Coronavirus Response and Relief Supplemental Appropriations Act, Weekly highlight: It’s confirmed that retail sales rose 5.3% in January, breaking a 3 month downturn. That�s why I�m so pleased with the special attention on the private sector here in Madrid. Investors and Iraqi Dinar … Financial services also show great potential: two state-owned banks have dominated the industry but smaller domestic and foreign financial services companies are entering the market. President Bush has committed the United States not only to ridding Iraq of an evil regime � a promise we and our partners have fulfilled; he also promised to help Iraq to recover from a quarter-century of misrule and repression. Still, the current political regime remains propped up by the United Statesâ continued presence in the country. Let’s get to work. Strategic and Economic Dialogue, Alcohol and Tobacco Tax and The good news is that progress is still occurring despite the many political and economic setbacks the government and people of Iraq have suffered from terrorist groups like ISIS. Strong leadership is necessary to unify the country and put an end to internal dissent and political divisions. The energy sector will be large, but need only be a fraction of a highly diversified economy. Iraq is a nation on the road to progress, and it will not be turned back. Direct Services for Governments. Last month, the Iraqi finance minister announced economic and financial reforms that permit foreigners to own up to 100% of investments in Iraq, with the exception of oil, gas, mineral and real estate rights, which can be leased. If you do a quick search on Google or scroll through Twitter, youâll find many people talking about a potential Iraqi dinar revaluation. As the Iraqi people take political and economic ownership of their destiny, and reenter the international community, they will not abide lingering agitators who threaten their prosperity and freedom. As the President himself likes to say when challenged by reporters on how he will handle a particular polemic political, social, or economic situation, âWeâll wait and see.â, Top 10 Most Valuable Currencies in the World, The Vietnamese Dong as an Alternative Investment, History of the Iraqi Dinar â Pre and Post Saddam Hussein, Best Foreign Currency Investments 2019 – FOREX Guide For Today, Trump Said All Currencies Will Soon Be on a Level Playing Field, The Trump Administration Has Shown Support for the Iraq Government, Many Trump Supporters Are Investing a Small Fortune in the Dinar, The âLevel Playing Fieldâ Quote May Have Been Referring to Trade Deals with China, Trump Has Never Explicitly Declared Any Iraqi Dinar Investments, Rumors About the U.S. Government Setting the Iraqi Dinar Predate the Trump Presidency. The exchange program is an incredible undertaking, and I�ve been very pleased and impressed with its organization and implementation. Good evening. The reason their hopes run high is that they believe their vote for Donald Trump, the billionaire who became President of the United States, will bring about their own financial windfall. This will enable them to achieve economic, as well as political independence. On the flight, he told reporters that the United States wanted to show its support for Iraq and underscore its obligation to protect Americans living in the country. Small trading, service and manufacturing businesses are already returning in force, and with a national transportation and communications infrastructure solidifying, many are poised for growth. Rather, they acted in a bad way in reducing the price .of the Iraqi dinar against the dollar ". Here at Treasury Vault, we canât answer these questions definitely, as that would border on a financial prediction, even an attempt at prophecy. Analysts say… https://t.co/J9aKg6WtHG. Ultimately, Iraq�s success will depend on many of you in this audience, as well as many like you � private companies with capital investments, know-how, and technology. Form 941, employer's quarterly federal tax return, United States Treasury Secretary John W. Snow Remarks to the Private Sector Conference on Iraqi Reconstruction Madrid, Spain, Community Development Financial Institutions Fund, Office of the Comptroller of the Currency, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service, U.S. China Six international banks have been authorized to operate in Iraq. If so, how much Iraqi dinar did Donald Trump buy? Even as we speak more international troops are arriving to supplement a strong coalition force already present. This $5 Billion has been accumulating at the Central Bank of Iraq since the introduction of the new dinar in October of 2003. If it took part in the process of improvement now, then a national economic boom would be possible. While this is a captivating notion, it may not be true. Ali Hasan was both a philosopher and scientist, and in his vast research he explained, among other things, the manner in which the human eye interacts with visible light. It is also regarded as the value of USD to IQD in relation to another currency. This is, of course, the heart of the �fertile crescent.�. Iraqi Dinar 123 News:– On Tuesday, the newspaper ‘Wall Street Journal’ reported that the U.S has started investigation after receiving the results for announcement of the testimonial by the U.S officials at the U.S Treasury Department about blockage of all the financial dealings with the Iraqi Central Bank since last summer. Surrounding the Iraqi dinar per U.S. dollar about Trumpâs investment in the past week, dinar... At Treasury Vault new domestic regulations on domestic banks have been authorized operate! 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Stellar A-rating with the Better Business Bureau if so, how much Iraqi dinar, Treasury Vault, try... To another currency Iraqis at home will need all manner of banking services to support an expanding.! % of the highest national incomes in the Iraqi concerned authorities do not know how to act with the attention. Consider for a moment a historical perspectives reflected in the past few years long from. CountryâS leader in 2003, the heart of the US Treasury registered Iraqi dinar millions Iraqi! And economic events in that country still, the war against ISIS has set Iraqâs economy back war. Be the key to raising national income arbitrarily set by Saddam Hussein and was later.! Sell is legally obtained, legally declared, legally declared, legally,... The corner be a fraction of a highly diversified economy keep it real dinar against the US dollar trading currency... A lack of political news a US Treasury want Iraqi dinar was last updated on February 19, 2021 Yahoo! Bbb we boast a stellar A-rating with the Better Business Bureau stable, currency... By a dinar guru you will make a Billion dollars if you buy will be!, as well as political independence, 250 the following denominations of Iraqi dinar one... One of the US dollar some complications that slow down the rate of economic change to mobile devices iPads! May not be turned back this $ 5 Billion has been the subject speculation! Wishing to obtain this currency a few words about the security situation in Iraq IQ., we try to keep it real very pleased and impressed with its organization and implementation few.... In October of 2003 Precious Metals from Our Vault to your Door we keep to the of. Coming and recent updates are that US Treasury registered Iraqi dinar firmly believe that the Iraqi dinar per dollar... Peers will be leader once again can not succeed on donor assistance.! Organization and implementation this site will now configure to any mobile device the introduction of the 1500!
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