Iraqi Dinar Guru opinions 5-24-17
Iraqi Dinar Guru opinions 5-24-17
5-24-2017 Newshound Guru Phillyman Article: “U.S. plan to sell oil reserves undermines OPEC supply management efforts” Quote: “U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices.” If this goes through it will clearly keep the pressure on for Iraq to diversify their economy.
5-24-2017 RUMOR Guru Bruce I didn’t expect to be here…because of the information we were getting that was so positive. What we were looking for last time on Thursday for this basically to come to an end. Iraq was looking good. We had confirmation and a news report on FOX yesterday that the war over in Mosul was over. That was telling us the liberation of Mosul was at hand. …sources we have are much closer to the action …tell us in fact it has been 3 weeks that Mosul had been liberated, but did not make the news until yesterday.
5-24-2017 RUMOR Guru Bruce The lower denoms are out now through the ATM machines. It was in 13 of the 16 Providences up until yesterday at 10am our time. Then we found out the remaining 3 Providences caught up and became also 100% available for these lower denoms. These lower denoms wouldn’t have any value if the dinar hadn’t change its value already. You wouldn’t need lower notes if the dinar didn’t have a true value. …in addition to that is you remember the term “fils”? In Iraq these fils are 1/1000th of a dinar…Those are out. Are these coming out of the ATMS? NO. They will be available in the banks. The lower denoms will be available in the banks and the ATMS. I remember years ago we knew that when we would see the lower notes, we are there. We are there. Iraq is basically in my opinion is ready…It is about to go, about to happen. We have heard it is the goal of those we talked to in Iraq to have this revalue of the dinar out in public and for us before Ramadan starts.
5-23-2017 Newshound/Intel Guru Mnt Goat Article: “Experts: float the currency needs to be a productive economy and not Rieia” This article is a series of economic experts talking about options to change the value of the dinar. They are saying that the float may work if they transform the Iraqi economy to a very productive economy. WOW! WE know they fully intend to bring the dinar up to 1:1 with the dollar and float it. The article is so amazing…it shows us that right now they are debating in the GOI over what to do with the value of the dinar. …they are debating whether to give the CBI the “green light” again to continue with the project to delete the zeros, which ultimately is a revaluation. I told you this would be the next step post ISIS liberation and so we see it taking place right now in front of our noses. If they decide to go ahead (which I believe they will), we should then see any day now articles from an announcement from the CBI telling us they are continuing this effort once again that they postponed since 2015. This is why I luv this article so much…It is right on track and what we were expecting…
5-23-2017 Newshound Guru Kaperoni …we all know the dinar is pegged to the dollar… […wouldn’t Iraq have to/want to be in Article VIII compliance before they unpegged?] I can only speculate based on the IMF docs that I have read. But I would assume so…because the raising of the value of the dinar is directly related to investment in the market economy. And without Article VIII, there is no foreign investment. Remember, the key to this is the activation of the CBI’s Capital Account which is the pipeline of sorts for money flowing in and out of Iraq. Once in Article VIII, foreign investors/ investment will begin to participate in rebuilding and privatizing Iraq. Money will be deposited into bank accounts, flow through the CBI’s Capital Account and if the dinar is not pegged, will begin to move upwards to offset inflationary pressure created by the influx of economic activity (thus the Balassa-Samuelson effect)… There are no shortcuts. The CBI needs to get in compliance with the IMF so they can transition out of Article XIV. They need deposit insurance. Once that happens, we should see things begin to move fast.
5-23-2017 Newshound Guru mike Article: “Iraq calls the world to draw an economic strategy with Baghdad” Quote “…Said Hamoudi…Iraq is the heart of the economic world…” No it isn’t, London, New York, Hong Kong, those are the hearts of the economic world, not a country with less than a $100 billion in GDP. The world has already given you an economic strategy via the UN and WB, all Iraq has to do is follow it. They still haven’t reduced the government payroll, fully implemented tariff’s, or passed the economic and banking laws. Get to work, Hamoudi and quit yammering about how awesome you are or could be.