Iraqi Dinar Guru opinions 1-8-17
Iraqi Dinar Guru opinions 1-8-17
1-8-2017 Newshound Guru rcookie Article quote: “Jordanian-Iraqi Business Forum will be held on the sidelines of the expanded meeting on Monday to discuss possibilities of strengthening economic cooperation and joint ventures.” SO ABADI MET WITH EROGAN FROM TURKEY YESTERDAY…AND HAS JORDAN PM TOMORROW WITH AN ECONOMIC AGENDA…
1-7-2017 Newshound Guru mike Iraq can’t use the dinar as a reserve currency. There are only six or so reserve currency’s in the world, the US dollar, Euro, Pound Sterling etc. The definition of a reserve currency is: A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions and often considered a hard currency or safe-haven currency. Moving to Article VIII doesn’t qualify a currency to be considered a reserve currency, it takes a large economy combined with a stable government who has a proven economic history of stability as well.
1-7-2017 Newshound Guru mike Iraq is, if I’m a betting man, about 50 years from even being considered a reserve currency. Iraq’s position is also different because the majority of their income is derived from petro dollars. These dollars are used to purchase dinars from the CBI by the MoF and used to pay their bills and salaries. Any left over is absorbed by the CBI and become reserves. That’s been Iraq’s problem now for two years, they’re spending more than they make and the reserves are cannabalized because of it. There are countries around Iraq…Kuwait, Saudi Arabia, Qatar and Jordan…who’ve had active economies and stable governments for years and they’re not even sniffing reserve currency status.
1-7-2017 Newshound Guru rcookie Article: “Part of the delegation to meet with the Japanese Ambassador Wasit Fumio Iwai” Quote: “Wasit invites Japanese companies to invest in them like CHINESE and Russian” …THE IRAQIS HAVE DONE THE 1ST PART AND THAT IS TO ATTRACT THE INTEREST AND PROMOTE THE POTENTIAL FOR DIRECT FOREIGN INVESTMENT IN THEIR COUNTRY…AND ADDRESSING ANY LEGISLATIVE OBSTACLES FOR DFI TO THRIVE IN THEIR NW OPEN MARKET ECONOMY…WHICH ARE INCLUDED IN THE ECONOMIC & FINANCIAL LAWS WE ARE WAITING ON…CUED UP IN PARLIAMENT…
1-7-2017 Intel Guru ADMINBILL We had some interesting a information yesterday that led us to believe that this weekend has great potential for us to move forward in a post RV environment. So far we are still hanging through the weekend with great hope.
1-7-2017 Intel/Newshound Guru Mnt Goat Article: “An invitation to support the dinar and the strengthening of its purchasing power” Quote: “Economic academic Dr. Essam Mahouelle called year 2017 to be the year to strengthen the dinar ‘s purchasing power and strengthens confidence in the national currency , which represents the sovereignty of Iraq, noting at the same time the need to restrict the foreign business dealings in dollars.” they are telling us they need to prevent altogether the demand for the US dollar for ANY REASON WHATSOEVER. Can is get any clearer than this. They want to operate under the dinar and not the dollar.