Iraqi Dinar Guru opinions 1-31-17
Iraqi Dinar Guru opinions 1-31-17
1-31-2017 Intel Guru RayRen98 Over the weekend we grew to 39 banks, three credit unions, and 5-6 dealers openly buying and selling dinar. We are still very much in this game. We haven’t taken any steps backward, although there was possibly a pause this weekend, and didn’t take the further steps that would allow me to lay out where we actually are in this game. I suspect information will come in over the next couple of hours, maybe, about what happened and where we are. I know we are somewhere near the end…It’s just a matter of time, so we wait.
1-31-2017 Intel/Newshound Guru tman23 USA to build 2nd largest embassy in world to be in Kurdistan…The largest in Baghdad…WHY 2 large embassies in one country? …The embassy in Kurdistan…600 million usd… Kurdistan now has over 45 different country consulates…Why?
1-31-2017 Newshound Guru mike Article: “A source reveals for “tomorrow Press” about the size of the cash reserve at the central bank” Quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” “Former Glory” would be 1166 or even 1184 at this point. Street rate is almost 10% less than face value. There are no shortcuts to monetary reform…unrealistic RV type rate, won’t happen.
1-31-2017 Newshound Guru loop Article: “BasNews Clarification on Exchange Rate Section 30 January 2017″ “ERBIL — BasNews Agency clarifies that the exchange rate occurring on BasNews website may not be accurate for the timbering due to some technical issues on our newly-designed website. This section is under maintenance and the dysfunction will be fixed very soon. The exchange rate in Erbil according to local stock markets on January 30th is:
$100 = 128,000 IQD
€100 = 138,000 IQD
£100 = 160,000 IQD
1-30-2017 Newshound Guru loop I wake up every morning with a smile, because of where we are at with regards to this investment. …Has Alak retracted his statements regards the lower denoms coming out in early 2017… NO. What did the Director of the Middle East Office of the World Bank say last month? “one of the richest countries in the world on the face of the earth.” and “Iraq is one of the richest countries on earth, Iraq has a huge potential, Iraq has the ability to pay its debts.” … What did Dennis Flannery of Citibank in Iraq say one of his missions is? “is to reconnect the country to global financial markets from which it has been estranged” … Who asked Frank Baker Great Britains Ambassador arrange an introduction to the Gov CBI? British Banking Interests. …What did the IMF just say about Iraqs progress? “The Iraqi authorities have made good progress on implementing economic reforms under the SBA.” These are only a few of the news items that all point to some type of major financial event on the horizon.. I for one am very excited and encouraged by the news coming out of Iraq.
1-30-2017 Newshound Guru loop [What do you think about the Iraqi Thinking about not allowing any americans into there country. Because of trumps policy of not allowing people into the US.] They will change the rate when it is in their best interest to do so. No matter what is going on over in the US.
1-30-2017 Newshound Guru Kaperoni Article: “A source reveals for “tomorrow Press” about the size of the cash reserve at the central bank” Quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” Don’t get overly excited. The end of the war on ISIL (or Dash) is as soon as Mosul is clean. Which is still 30 -90 days in the making. Former glory clearly means a rate at 1 to $1 or higher and is not a reference to Market Rate or the spread…but that does not mean it would happen overnight. In fact, I do expect the float to start this year. And if so, it could reach a rate that would qualify as “former glory” next year or the year after as the dinar appreciates gradually.
1-30-2017 Newshound/Intel Guru BGG Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” […does anyone know how long Mosul will be free?] They are working on it now. … IMHO Abadi has been pushing for Mosul to happen sooner. He knows what is at stake.
1-30-2017 Newshound Guru Aggiedad77 I am of the opinion that something big is coming… Abadi appears to be undisturbed by the actions of Trump and is ok with just waiting…he knows I think more than he is allowing out… …more is coming to the reserve…it’s going to grow fat again…who remembers what it was before ISIS struck…somewhere north of $80 billion…it appears headed there again or maybe bigger…the BEST is yet to come.
1-30-2017 Newshound Guru wmawhite Article quote: “the Iraqi dinar is still safe despite the decrease in the reserve, is expected to return to its former glory after the end of the war on Daesh.” It is coming from the CBI. You have heard before about Iraq saying that their currency would be great and powerful. …the CBI is again telling the world that the Iraq Dinar is going to be great, strong and return to its glory days. The CBI owns the IQD…it determines its value.
1-30-2017 Intel/Newshound Guru tman23 [Is Basnews a credible and reliable site?] Basnews has been around for YEARS…It is one of the most reliable reporting in Iraq…The server is located in San Francisco…The news editing had been done over the past 2 months out of England…There had been strange events to this during that time… The new website format came up in the middle of the day…Saturday…an observer of the rate would deem it a mistake…BUT…I will say this…That part of the site is not manually entered, it is a direct link to another site that does currency rates…just like the weather on the site, nobody manually enters 9 celcius today and cloudy…
1-30-2017 Newshound Guru Kaperoni Article: “Fatlawi directed questions verbally to the Governor of the Central Bank” Quote: “He noted that the central bank through the Reserve pumped money to prevent the devaluation of the local currency, noting that the reserve consists of state revenues received in dollars of oil by 95% and the remaining local revenues and the Ministry of Finance relies on the Iraqi dinar, stressing that the dollar selling process is very important to maintain the value Iraqi dinar and the balance in the local economy as the work of the dinar to float an incorrect status for Iraq and the fact that the central bank only source to sell the dollar.” Sounds to me he is saying we cannot float the dinar right now and so our only solution is to continue the auctions…which is nothing new to us since we know they have not passed the laws to create a market economy and the spread is over 10%.
1-30-2017 Newshound Guru wmawhite [What is the feeling in here about the US ban on people coming from Iraq affecting the Dinar?] When Iraq (CBI/GOI) decides to add value to the IQD it will have nothing/absolutely nothing to do with US immigration policy, or the price of pizza in New York, nor whether Maliki is still in the palace. Nothing. Iraq will make the necessary changes when they are ready. My point is this…all of these concerns have zero effect upon this investment…and why? Because this investment is not about a country’s immigration policy. Instead, it is about the value of a country’s currency and whatever we do concerning immigration has no affect upon the wealth of Iraq.