Iraqi Dinar Guru opinions 8-14-16
Iraqi Dinar Guru opinions 8-14-16
8-14-2016 Newshound Guru Aggiedad77 Article: “Iraq surpassed the most dangerous phase of the financial crisis” this article IMO is HUGE…HUGE…it’s telling us that not only has Iraq passed the financial crisis… HUGE… but they have done so in a SUCCESSFUL way…again HUGE…plus they are SCREAMING at us about the world’s growing CONFIDENCE in Iraq…once more…HUGE…This has the ring of financial reform to it from top to bottom…Rasheed and Rafadain Banks stepping up to offer loans…loans that will bring providing a productive economy through the transformative process that will allow for multi-resource production programs…It is this kind of kick start to the economic reforms that will help Iraq get a running start at other revenue sources besides oil…HUGE… HUGE…it’s being orchestrated right before our eyes….HUGE…IMO of course.
8-14-2016 Newshound Guru mike [IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value… Reference Guru Kaperoni post 8-13-2016 ] I’m hoping the plan is on target, but it sure seems like a tall order in a very short period of time. In just a little over five months we’re hoping that Iraq will get rid of the exchange restrictions, get the spread down from 1287 – $1 to something less than 1205 – $1 and the dinar’s in Article VIII, right? …I don’t see a way for the dinar to rise unless it’s internationally recognized, other countries have to trust it before they’ll accept it, right? Without the ability to purchase imports with the dinar, I don’t see how they can get the value to .10, they’ll need that to create demand over the dollar. So, that begs the question, will they start at 1182 or will they start at a nickel and go from there? For sure, we’re going to have to see these guys move at speeds yet unseen to realize the goal of 50, 100 and 200 dinar notes in early 2017, here’s hoping they do it.
8-14-2016 Newshound/Intel Guru BGG [i really do not see this going more then few more weeks not month … Next month will be something.] I know a few very good sources that feel before the end of the year is not unrealistic.
8-14-2016 Newshound Guru rcookie THERE ARE INDEPENDENT POLITICAL BLOCS MAKING LAST DITCH EFFORTS TO OBSTRUCT THE GENERAL AMNESTY LAW SAYING THAT THE PASSAGE WILL RELEASE MANY TERRORISTS BACK INTO THE COMMUNITIES …JABOURI STATES THE LAW WILL BE VOTED ON IN MONDAY’S SESSION.
8-13-2016 Newshound/Intel Guru BGG [ I am trying to figure out if there will be a float or managed float of the dinar…?] I don’t know about float – but certainly “positioning” to do something… and that is EXCITING.
8-13-2016 Newshound Guru Kaperoni Article: “Central Bank: the issuance of three categories of cash in 2017″ IMO, if the plan is on target, we are watching the CBI now get ready for the initial increase in value which will allow the 50, 100, 200 to begin circulation at the beginning of 2017. Which as I have already stated, means the dinar needs to rise to about 5 or 10 cents. They will not release these notes until the value is appropriate for the notes to warrant circulation. So we are seeing the banking system now being prepared by laws, compliance with the IMF etc.. The next several months will be very busy I would expect in the media.
8-13-2016 Newshound Guru tlm724 Article: “Parliamentary Finance: Iraq has not yet threat to the economic crisis beyond the stage” Quote: “…that Iraq is dealing with the International Monetary Fund and World Bank, it is not up to the bankruptcy or the brink of collapse…” no way the IMF/WB will let them fall, they have too much time and money invested in Iraq…the Iraqi reserves level now stands at 53 billion dollars…
8-13-2016 Newshound Guru Kaperoni Article: “Zain launches electronic payment solutions and prepared the first time in Iraq” Quote: “…first electronic payment means in Iraq will contribute to the expansion of e-commerce areas and will have a similar effect to the effect of “PayPal” on e-commerce in the United States or the impact of credit cards on the global economy.” This IMO is all part of the plan to make the dinar a competitor in foreign currency. Lining up to open the banking system.