Unfortunately, there are some complications that slow down the rate of economic change. I know some of you are concerned with physical risks in Iraq, and reasonably so. The new look and feel of this site will now configure to any mobile device. We stick to what we know, and we keep to the facts. And the rewards for investing now will be great. Skip to content That means greater international support for the Iraqi people in official aid, and it also means identifying and making private investments in Iraq�s future -- sooner, not later. Many dinar dealers refer to the value of the Iraqi dinar prior to the 1990 Kuwaiti invasion (1 dinar = $3+ US Dollars) as evidence that the potential for the dinar is theoretically unlimited. Now the question is that this least rate will suit you Dinarians, who are waiting from decades to get back what they are expecting. The IQD is the official currency of “post-Saddam” Iraq. Network (FinCEN), Office of the Comptroller of The United States military intervened in Iraq after Saddam Husseinâs invasion of Kuwait. 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. 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. When aÂ dinar guruÂ adds yet another unsubstantiated claim to their dinar chronicles on their dinar blog, you should be wary. No one really knows for sure if Donald Trump has invested in the Iraqi dinar. 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. We have been following currencies like the New Iraqi Dinars, along with the currencies of Afghanistan, Iran, Libya, Egypt, Saudi Arabia, India, Brazil, Vietnam, South Korea, Mongolia, Chile and others, for many years. the Currency, Office 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. Agriculture is underdeveloped, and employs 20% of the workforce. 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. As a real estate mogul with worldwide real estate assets, itâs within the realm of possibility. This is why we always say the … The Coalition Provisional Authority and the Iraqi Governing Council introduced the new dinar last week. Domestic demand is primed and export opportunities abound. There is not enough evidence to reach a definitive conclusion. 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. While this is a captivating notion, it may not be true. 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. Many people in the United States have now purchased millions of Iraqi dinars. 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. Just one week ago, the exchange rate was 1,169 IQD = 1 US Dollar. 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. Fax: (202) 622-6415 Iraq increases US Treasury bond holdings. I really needed to update this site. This does not mean that he has not invested in the dinar, only that there isnât any substantiation he has invested in it. Yes, the dinar may revalueâbut nobody knows how or when this will happen. Payment is sent to you in 3 – 5 business days via FedEx Overnight at NO CHARGE! 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. 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. Reunifying the country and rebuilding its infrastructure is a monumental undertaking. This suggests that Trump could influence political and economic events in that country. 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. His predecessors have been, too. In the past week, Iraqi dinar has actually strengthened slightly against the US dollar. Is this belief based on fact or fiction? Dinar dealers refer to the value of the Iraqi dinar prior to the 1990 Kuwaiti invasion (1 dinar = $3+ US Dollars) as evidence that the potential for the dinar is theoretically unlimited. The 10,000 dinar note shows the philosopher Abu Ali Hasan, who was born in the city of Basra over 1,000 years ago. USD TO IRAQI DINAR 2017. 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. Still, the current political regime remains propped up by the United Statesâ continued presence in the country. We donât endorse stories about some hidden Trump Iraq transaction, Soviet Union election-meddling, some Wall Street investment scam, or Saudi Arabia sanctions. Given that things are improving in Iraq by the minute, now is the time for forward thinking investors to seize on this unique opportunity. Good evening. If Iraq gains the leadership it needs, only then will aid from the United States to rebuild the country have a significant impact. The exchange rate for the Iraqi Dinar was last updated on February 19, 2021 from Yahoo Finance. Treasury Vault currently offers 2 programs for you to sell your Iraqi Dinar. A-Rating With The BBB. The Iraqi Dinar is the currency in Iraq (IQ, IRQ). Direct Services for Governments. The risk is present, but a business opportunity is also present. 720000 USD to IQD exchange rate Feb, 2021 and 720000 US Dollar to Iraqi Dinar conversion data by Finance Ai provides historical chart price for 720000 US Dollar to Iraqi Dinar with easy to use tools like 720000 USD to IQD converter to help you get the best 720000 USD to IQD quote today. 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. According to Treasury data, Iraq’s holdings of US bonds increased to $ 34.7 billion, up from $ 26.5 billion in June 2018. The resistance isn�t growing, it�s dying. This nation that was a leader among its peers will be leader once again. 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. Your submission of this form does not obligate Treasury Vault to purchase your currency notes from you, but it does alert Treasury Vault of your desire to sell your notes to us. The energy sector will be large, but need only be a fraction of a highly diversified economy. 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. The “Level Playing Field” Quote May Have Been Referring to Trade Deals with China 3 Signs Donald Trump Didn’t Invest in the Iraqi Dinar 1. 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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. Six international banks have been authorized to operate in Iraq. Consider for a moment a historical perspectives reflected in the designs of the new Iraqi dinar. The time is coming and recent updates are that US Treasury want Iraqi Dinar on the least rates. Since then, we have learned that Rasheed and Rafidain banks – the two large state-owned banks which controlled over 85% of banking assets -- are at best marginally capitalized, and have loan portfolios with a high concentration of non-performing loans. If this is even close to true — and the UN allows Iraq to revalue their currency up to USD1: one Iraqi dinar — the U.S. government would stand to profit in trillions... as would anyone else who speculated on the dinar over the years. Iraqi GDP in terms of purchasing power today is less than a third of what it was in the late 1970s. You are just as essential to Iraq�s success as the official commitments that will be announced at tomorrow�s conference. Where commerce once flourished, it can thrive again. However, based on some of the things Trump has said, itâs possible to make some educated guesses. 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. This implies that something has happened when, in fact, there is no direct or circumstantial evidence to justify that he took any action at all. Ambassador Argyros thank you for hosting tonight�s reception. 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. It also caused smuggling and funds transferring by unauthorized channels to … The changes are long overdue. Iraqis understand that private investment will be the key to raising national income. We are a US Treasury registered Iraqi Dinar dealer that is in full compliance with all US Treasury rules and regulations. New domestic regulations on domestic banks have increased capital requirements. He was also responding to questions from reporters about how China appeared to be manipulating the value of its currency, the yuan. Understanding the potential opportunities surrounding the Iraqi Dinar, Treasury Vault has simplified the process for those wishing to obtain this currency. 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. Education and health care have deteriorated substantially. This is a historic time in world affairs, and a historic opportunity for a region called the �cradle of civilization.� The land of Iraq has been freed of tyranny, and is now free to embrace democracy and rejoin the community of nations. What we can do, however, is present you with some media-driven facts that are fueling this wave of enthusiasm for the Iraqi dinar. Iraq is a nation on the road to progress, and it will not be turned back. Let’s get to work. For reconstruction efforts to truly succeed, these resources must help catalyze and spark domestic and international investment. 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. Thank you also to Jaime Malet, President of the American Chamber of Commerce in Spain, for hosting this event. Questions about Trumpâs investment in the Iraqi dinar currency are on the rise. 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. 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. 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. 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. Secretary Powell and I will be making that case tomorrow morning. Nonetheless, there�s a long way from here to there. In finance, an USD to IQD exchange rate is the US Dollar to >Iraqi Dinar rate at which US Dollar to Iraqi Dinar will be exchanged for another. Alone, these commitments cannot launch sustainable economic growth in Iraq. All currency we sell is legally obtained, legally declared, legally transported, and clear for resale. On the surface level, Iraq has become a stable country in the past few years. Before he plunged the nation into darkness and isolation, Iraq had one of the highest national incomes in the region. Mon - Fri 8:00am - 5:00pm MST Toll Free: (888) 348-2441 It has modern and updated code. We may have based the belief he did so based on remarks he has made about trade imbalances, particularly those with China. Leaked 2021 Iraq draft budget prompts public outcry. The new bill designs allude to Iraq�s ancient roots in law, commerce, and scientific inquiry. Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1. Did Donald J. Trump buy Iraqi dinar? Our goal is not to inform you one way or another about an imminent Iraqi dinar revaluation but to equip you with the information you need to arrive at your own conclusions. The war against ISIS has set Iraqâs economy back. Printing, Community Development Analysts say… https://t.co/J9aKg6WtHG. The Trade Bank of Iraq is being established to finance food and capital goods imports. RT @POTUS: Today, America is officially back in the Paris Climate Agreement. This $5 Billion has been accumulating at the Central Bank of Iraq since the introduction of the new dinar in October of 2003. This will enable them to achieve economic, as well as political independence. Iraq is reclaiming a great heritage of enlightenment. .Treasury Starts Sending 8 Million Stimulus Payments By Prepaid Debit Card By Naomi Jagoda - 01/07/21 The Treasury Department and IRS said Thursday that this week they started distributing about 8 million second-round stimulus payments by prepaid … Iraqi Dinar News Dave Schmidt Transcript of Live Call 11-30-2016 Here is the complete transcript of Dave’s live call from 11/30/2016 If you don’t see the video above, the page has probably not finished loading, so give it a minute to load. Treasury Vault's team of currency exchange experts would love to help you invest in the Iraqi Dinar, Vietnamese Dong and more! Fraud Waste & Abuse, TreasuryDirect.gov I am not attempting to minimize the risk. Troubled Asset Relief Program (SIGTARP), Report, Consider the opportunity there. It was once, and will again be, a great contributor to the international community in terms of both culture and trade. The Iraqi Dinar Scam: Trump Fans Believe Trump Will Make Them Dinar Millionaires That’s not a dramatic increase in the dollar value of Iraqi dinar, but it’s a step in the right direction. I think these are fascinating facts, of course, but they signify something larger. If you do a quick search on Google or scroll through Twitter, youâll find many people talking about a potential Iraqi dinar revaluation. For example, the largest note � the 25,000 dinar bill � has an image of King Hammurabi, who lived almost 4,000 years ago. Current Rates: New/ Uncirculated notes: $725 USD (per million IQD) And tax rates have been set to encourage growth, with a top marginal rate of 15% for individuals and corporations, and a 5% reconstruction tax imposed at the borders. Forex refers to currency trading and currency pairs. The news media has recorded no statement by the President that he had invested in the Iraqi dinar. [size=18]And media outlets reported that the US Treasury Department imposed sanctions on an Iraqi company. 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. Hammurabi ruled Babylon and is known for his code of laws, the first known code of laws in human history. 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. At that time, he had not only had long talks with Mr. Abe in person but had also spoken on the phone a day earlier with Xi Jinping, the president of China. 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