Iraqi Dinar Guru opinions 3-14-17
Iraqi Dinar Guru opinions 3-14-17
3-14-2017 Newshound Guru loop Article quote: “today we move from a centralized economy to a market economy” Who is saying this? Dr. Mohammed Saleh economic advisor to Prime Minister al – Abadi! BOOM! …moving to a true market economy would have to include an internationally recognized currency. Market Economy = Free Market Economy. There are currently 180 countries that are ranked from Free to Restricted. Iraq is not listed. Of the 180 list countries how many of them have a currency that is internationally recognized? All of them. So do you think it is reasonable to theorize that given Saleh’s quote “today we move from a centralized economy to a market economy” that with Iraq’s move to some form of a market economy that the IQD will have to be internationally recognized as well? I DO!
3-14-2017 Newshound/Intel Guru BGG These days – throw a rock in any direction and you hit a STUNNING NEWS PIECE. “They” have pretty much showed us the outline…and it’s being worked out now. Let’s hope they get the reform projects started soon. Because the beginning of the Iraq currency reform is when your life changes.
3-14-2017 Intel/Newshound Guru Backdoc AS FAR AS THE DIGITAL BLOCKCHAIN GOES, LET ME REVIEW SOME OF THE PROGRESS IRAQ HAS MADE. FIRST, WE KNOW THAT THEY CONNECTED DIGITALLY (BLOCKCHAIN) E-DINAR ON FEBRUARY 8TH! THEN WE SAW THEM BRAGGING JUSTIFIABLY ABOUT THEIR “NEW SYSTEM”… WE…UNDERSTAND THAT THIS IS AT THE COUNTRY AND BANKING LEVEL. THIS IS THE PROGRESSION THAT IS USED AS THEY DO THE DIGITAL BUILD OUT! COUNTRY TO COUNTRY FIRST! THEN BANK TO BANK! THEN WE SEE THE REST OF THE BUILD OUT WHICH IRAQ IS JUST NOW ENTERING (CALLED THE FINTECH STAGE)! DUE TO THE COMPLEXITY AND DETAILS OF THE DIGITAL BUILDOUT IT’S HARD TO TEACH…ALL THE DETAILS OF THIS.
3-14-2017 Intel/Newshound Guru Backdoc IN FACT THE LAST FEW DAYS WE HAVE SEEN ARTICLES…TALKING ABOUT NEW COMPETITION IN THE FINTECH SPACE FOR IRAQ! SO YES…IRAQ AT THE PEOPLE’S LEVEL IS IN ITS’ INFANT FINTECH STAGE. BUT REMEMBER THIS IS THE FINAL STAGE! IT MAY TAKE MONTHS FOR THIS PHASE TO COMPLETE. THIS DIGITAL PROCESS HAS NOTHING TO DO WITH THE DATE OF THE RV (IN OUR OPINION). HOPE THIS HELPS …WITH BETTER CLARITY! IMO.
3-14-2017 Intel/Newshound Guru Mnt Goat Article: “Parliamentary Investment Committee is hosting the central bank governor to discuss the economic reality in Iraq” Quote: “Hosting come for the purpose of discussing the work of the central bank and the reality of the economy in Iraq.” this is exactly what we wanted to hear at this point in time. The CBI is getting a pulse on the SECURITY and ECONOMIC situation of Iraq.
3-13-2017 Intel Guru RayRen98 We’re in the same place as all of last week: waiting…Mosul is moving along…We’ve heard about advances into the city center and flags being raised. That is all good progress for Iraq, but we are anticipating that full public liberation will lead to national reconciliation and thence to the RV. …today I heard it is 80% liberated. From the military side, I heard that Mosul would be liberated in a few hours. So it’s bit by bit until it’s resolved on the public side, and the same with the RV. We are still in an excited time…We are at the end of this game…
3-13-2017 Newshound Guru Kaperoni Article: “Zain launches Cash trading platform to stimulate entrepreneurs Iraqis to turn their ideas into innovative reality” Iraq is going from the stone age to the state of the art very quickly. This is important for sure an they move away from a closed banking system to one that engages with the global financial system. IMO, this will support and encourage the rapid growth of a private sector/market economy.
3-13-2017 Newshound/Intel Guru BGG [Why would it be logical for Iraq’s RVed rate to come out lower than Kuwait’s current rate when Iraq has so much more oil (and other resources) thank does Kuwait?] Logical – except oil resources and prices have zero to do with currency valuation – according to the IMF… Further – since the very definition of “currency” is a “promissary note” on the economy of a country. Truthfully – it’s going to be what the world – ie, IMF, UN, WB wants it to be…since…each currency is limited by boundaries of acceptance. In Iraq’s case – it is not internationally traded and therefore not accepted. …is this on the horizon – it sure looks promising… however, Iraq could “price” their currency at whatever they want… without international acceptance and support – who would buy it?
3-13-2017 Intel Guru DAZ […do you know how long the timeframe of the revalue of Kuwait and its conception to end of public announcement?] CONCEPTION MAY HAVE TAKEN YEARS TO IMPLEMENT…I THINK I REMEMBER THE RATE ONLY BOUNCED A COUPLE WEEKS AFTER REACTIVATION…AN RI WOULD HAVE BEEN IN THE .84-1.14 RANGE IN COUNTRY WITH A CALCULATED EXTERNAL RATE AT $3.22.