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. Strong leadership is necessary to unify the country and put an end to internal dissent and political divisions. While this is a captivating notion, it may not be true. 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. 3 Signs Donald Trump Didn’t Invest in the Iraqi Dinar 1. It’s anyone’s guess when the Iraqi dinar will revalue. Treasury Vault currently offers 2 programs for you to sell your Iraqi Dinar. 5. Nonetheless, there�s a long way from here to there. Department of the Treasury Trade Bureau, Bureau of Engraving and We may have based the belief he did so based on remarks he has made about trade imbalances, particularly those with China. In the past week, Iraqi dinar has actually strengthened slightly against the US dollar. Many of the US foreign currency investors have bought millions of Iraqi dinars because they believe President Trump plans to revalue the currency. 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. They believe their investment will pay off in spades because President Donald Trump will help to revalue the currency. Experts speculate the U.S. government received nearly 4 trillion Iraqi dinars at an exchange rate of 4,000 dinar to USD1. The war against ISIS has set Iraq’s economy back. And the rewards for investing now will be great. 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. 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. Financial Institutions Fund, Financial Crimes Enforcement That is the main reason for the new look and design for Iraq Currency Watch. The exchange rate for the Iraqi Dinar was last updated on February 19, 2021 from Yahoo Finance. As of October 11, it stands at 1,166.08 IQD = 1 US Dollar. Ambassador Argyros thank you for hosting tonight�s reception. 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. 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. Trump is not the only president who has been the subject of speculation about the US government resetting the Iraqi dinar. That�s why I�m so pleased with the special attention on the private sector here in Madrid. The US helped rebuild the country from the ground up, focusing on the reconstruction of the oil industry, and it is now Iraq’s primary export commodity and the main source of its revenue. The new bill designs allude to Iraq�s ancient roots in law, commerce, and scientific inquiry. Secretary Powell and I will be making that case tomorrow morning. The time is coming and recent updates are that US Treasury want Iraqi Dinar on the least rates. Delivering Currencies and Precious Metals from Our Vault to your Door. Fax: (202) 622-6415 This will enable them to achieve economic, as well as political independence. Washington is listening!!!!! 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. But as I said at the outset, Iraq cannot succeed on donor assistance alone. The United States military intervened in Iraq after Saddam Hussein’s invasion of Kuwait. Mon - Fri 8:00am - 5:00pm MST Toll Free: (888) 348-2441 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. This is a country with immense potential on many fronts, with great human and natural resources. It has modern and updated code. Investors and Iraqi Dinar … It would not configure to mobile devices like iPads, cell phones and tablets. RT @POTUS: Today, America is officially back in the Paris Climate Agreement. .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. Before Saddam Hussein, Iraq was a leader in the region. Direct Services for Governments. 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. 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. 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. Consider the opportunity there. We are a US Treasury registered Iraqi Dinar dealer that is in full compliance with all US Treasury rules and regulations. Given that things are improving in Iraq by the minute, now is the time for forward thinking investors to seize on this unique opportunity. There is not enough evidence to reach a definitive conclusion. 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. 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. Thank you also to Jaime Malet, President of the American Chamber of Commerce in Spain, for hosting this event. 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. Still, the current political regime remains propped up by the United States’ continued presence in the country. Now the question is that this least rate will suit you Dinarians, who are waiting from decades to get back what they are expecting. Printing, Community Development Six international banks have been authorized to operate in Iraq. What we can do, however, is present you with some media-driven facts that are fueling this wave of enthusiasm for the Iraqi dinar. 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. Network (FinCEN), Office of the Comptroller of Skip to content Let’s get to work. 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. Analysts say… https://t.co/J9aKg6WtHG. I know some of you are concerned with physical risks in Iraq, and reasonably so. The Iraqi Dinar is the currency in Iraq (IQ, IRQ). Iraq is reclaiming a great heritage of enlightenment. 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. 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. The 10,000 dinar note shows the philosopher Abu Ali Hasan, who was born in the city of Basra over 1,000 years ago. Based on this context, he may not have been speaking about all foreign currencies, but about the relationship of the US dollar against the currencies of Japan and China. Iraq increases US Treasury bond holdings. Where commerce once flourished, it can thrive again. 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. Concerned that Iraq might fall under the influence of the neighboring country Iran, the Trump administration believed that the senior official’s visit would intensify political pressure against Iran. 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 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. Buy Iraqi Dinar from Treasury Vault with confidence. The resistance isn�t growing, it�s dying. Sumaisem considered that the Iraqi concerned authorities do not know how to act with the crisis. It was once, and will again be, a great contributor to the international community in terms of both culture and trade. New institutions and organizations are under development, but it’s a long journey. Troubled Asset Relief Program (SIGTARP), Report, Rather, they acted in a bad way in reducing the price .of the Iraqi dinar against the dollar ". 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. Education and health care have deteriorated substantially. No one really knows for sure if Donald Trump has invested in the Iraqi dinar. 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. 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. Treasury Vault's team of currency exchange experts would love to help you invest in the Iraqi Dinar, Vietnamese Dong and more! 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. General for Tax Administration (TIGTA), Special Inspector General, The exchange program is an incredible undertaking, and I�ve been very pleased and impressed with its organization and implementation. It also caused smuggling and funds transferring by unauthorized channels to … A leaked budget draft confirmed the Iraqi government’s intention to devalue the Iraqi dinar and slash benefits for public workers in … Yes, the dinar may revalue—but nobody knows how or when this will happen. 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. The “Level Playing Field” Quote May Have Been Referring to Trade Deals with China We are a US Treasury registered Iraqi Dinar dealer that is in full compliance with all US Treasury rules and regulations. For reconstruction efforts to truly succeed, these resources must help catalyze and spark domestic and international investment. After unseating the country’s leader in 2003, the war left the country with a stagnant economy. On a deeper level, Iraq’s rebuilding efforts are still a work in progress. 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. 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. 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. Iraq is a nation on the road to progress, and it will not be turned back. I think these are fascinating facts, of course, but they signify something larger. You should question any claims by a dinar guru you will make a billion dollars if you buy. 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 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. We independant investors are also holding billions in Dinar. When providing information about buying dinar, we always give you a big picture view of what is happening in the news about Iraq’s currency–so you can make your own decision about the influence the Trump administration will have on the revaluation of the dinar. However, based on some of the things Trump has said, it’s possible to make some educated guesses. At Treasury Vault, we try to keep it real. For example, the largest note � the 25,000 dinar bill � has an image of King Hammurabi, who lived almost 4,000 years ago. Good evening. Say, for example, the Iraqi dinar forex rate (IQD/USD) is 1,160 Iraqi dinar per U.S. dollar. On the surface level, Iraq has become a stable country in the past few years. To show Iraqi Dinars and just one other currency click on any other currency. Iraqi GDP in terms of purchasing power today is less than a third of what it was in the late 1970s. Securities/Bonds, Administrative I really needed to update this site. Strategic and Economic Dialogue, Alcohol and Tobacco Tax and Before he plunged the nation into darkness and isolation, Iraq had one of the highest national incomes in the region. I am also confident that the new Iraqi legal framework is certain to welcome, respect and protect capital. 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. 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. Payment is sent to you in 3 – 5 business days via FedEx Overnight at NO CHARGE! 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. This does not mean that he has not invested in the dinar, only that there isn’t any substantiation he has invested in it. This nation that was a leader among its peers will be leader once again. He was also responding to questions from reporters about how China appeared to be manipulating the value of its currency, the yuan. Unfortunately, there are some complications that slow down the rate of economic change. It’s possible that Trump’s reference to a level playing field was about foreign trade deals, and we took his comments on foreign currency out of context. 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. Today, ongoing internal corruption, a fall in the price of oil, and additional infrastructure damage have slowed down the country’s hopes for a faster political, sociological, and economic recovery. 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 pre-1990 Dinar was arbitrarily set by Saddam Hussein and was later demonetized. We don’t want to be purveyors of some Iraqi currency rumor or talk about a fortune awaiting you just around the corner. The news media has recorded no statement by the President that he had invested in the Iraqi dinar. The 10,000 dinar note shows the philosopher Abu Ali Hasan, who was born in the city of Basra over 1,000 years ago. An Iraqi dinar revaluation is entirely possible, but it may take some time. If Iraq gains the leadership it needs, only then will aid from the United States to rebuild the country have a significant impact. 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. Hammurabi ruled Babylon and is known for his code of laws, the first known code of laws in human history. According to Treasury data, Iraq’s holdings of US bonds increased to $ 34.7 billion, up from $ 26.5 billion in June 2018. 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