Iraqi Dinar Guru opinions 1-21-17
Iraqi Dinar Guru opinions 1-21-17
1-21-2017 Newshound Guru Breitling …There are 3 windows Iraq has been talking about. There are no specific dates or months. They’re simply watching the markets. There’s also reaction on how they are handling ISIS. Having said that, they have a plan if the civil war between the Sunni and the Shia continues…they are going to add value to the currency, so they have ways to get around that. In 2017 they specifically talked about 2 opportunities to raise the value of their currency. At what speed, at what point, at what time? They never really said. I simply don’t know but I do know windows are coming up. We passed one…that was back in November and that was based on how they were watching the markets…that point passed. If these two windows in 2017 are missed they are going to revalue anyways so it really doesn’t matter…I don’t know the exact dates I really don’t. If I was to calculate, probably the end of spring…That’s a guess and I rarely do that and that’s pushing it, it truly is. That does not mean they can’t revalue tomorrow by the way.
1-21-2017 Newshound Guru mike Article: “Iraq opens the door to possibilities deletion of zeros from the local currency” Context is important: “the rumors about the Iraqi dinar at risk and prone to degradation and decline in comparison with other currencies as dollar, is not true,” adding that “Msatralih dinar fully and that in progress.” What he’s trying to do is convince the critics that the dinar isn’t at risk or in decline, his response to that criticism is that there are plans in place to strengthen the dinar, at the minimum, the dinar’s MCP should be within 2%, not the 9% that it currently is today.
1-21-2017 Newshound Guru loop ‘’Rafidain Bank confirms the grant in the 10 million dinars for employees to Card Holders” Rafidian is working overtime on strategies to get the citizens to start using the banking system and feel safe doing so.
1-21-2017 RUMOR Guru ADMINBILL UNCONFIRMED INFO FROM ACROSS THE POND FROM EARLIER TODAY: BAGDAD SENT NOTICES TO ALL THEIR EMBASSY’S YESTERDAY THAT THERE WILL BE AN ADJUSTMENT OF THEIR CURRENCY VALUE. IT IS SIMPLY A MATTER OF WHEN. WE HAVE A FAIR TO GOOD SHOT AT THIS WEEKEND OR THE COMING WEEK.
1-20-2017 Newshound/Intel Guru BGG Kuwaiti Dinar is still considered a thinly traded “exotic”…Iraq is almost certain to land in this category… no biggie – it’s alot like you’re all sitting on a penny stock about to get listed on the big board – no matter where it goes, it’s gonna’ be good.
1-20-2017 Intel Guru Frank26 […if the rate comes out over $3.00, do you still suggest to hold some back for a few months?] IMO … This scenario will not happen … The UST learned from KW… “We are now just watching everything unfold like clockwork!” From this 20th …. Forward… To see the MR unfold. Yes …AFTER THE 20TH … In this Mookla First Quarter.
1-20-2017 Newshound/Intel Guru BGG […do you find it odd we haven’t seen any statements from the World Economic Conference by Iraqi officials?] I do – I find a lot of things VERY strange lately…so much progress – much like the IBAN being accepted and utilized and we heard about it a week later… anyone notice the CBI has updated their Currency Buy/Sell listing on their website since 1/4?? …very odd (to say the least)…we may have to be digging to find the exact time of any value change – we use to say “just check the CBI”. That’s out the window… …it’s gonna’ happen overnite – we will (hopefully) know quickly, but we might have to dig and verify. IMHO. [Is there any chance that we have already had a value change, but has not been posted on the CBI?] anything is possible – but we have such broad contacts, I just doubt it has. [If we dont look at the CBI for the rate change, where will we find that information?] We’re gonna’ be looking at everything in context… probably some kind of “inter-bank memo” since they in the process of “re-engaging” right now. [can they have a rate and not showing it? How are they doing business other wise?] …the “not showing” part is not a long term thing – we’ll know pretty soon. No matter what.
1-20-2017 Newshound Guru Breitling …It’s not what they’re saying it’s what they’re doing is what you need to understand the most…the CBI said they’re going to raise the value of their currency. The Ministry of Planning, parliament say the value is going to go up. I don’t need them to say anything if I’m watching their maneuvering and I understand how they’re going to compete. Then I understand how they’re going to add value to their currency. I really don’t have to hear anybody “say” anything. I just watch what they do. It’s not what they say it’s what they do that’s most important and the CBI is maneuvering in our favor if you’re investing in Iraq. So don’t get too crazy on what everybody says…just watch what the CBI does. Watch what the ministry of Planning is doing and how they’re doing it.