Iraqi Dinar Guru opinions 6-1-17
Iraqi Dinar Guru opinions 6-1-17
6-1-2017 Newshound/Intel Guru Mnt Goat Whoever would have thought we would still be here without an RV at the end of May in the year 2017? So now we are hearing that the “official” announcement is being PLANNED for about mid June or around June 10th. Let’s wait and see how this all plays out. Please do not expect this date to be some trigger for an RV…let’s see what goodies the CBI brings us around this time. I fully expect them to begin their re-education campaign for currency reform/delete the zeros project and what they will do in the next phase of it.
6-1-2017 Newshound Guru mike Article: “The Iraqi delegation begins its negotiations today with the International Monetary Fund” The IMF has always been focused on maintaining the peg while Iraq navigates the way towards an open market economy with legislative support to bolster it. …the last paragraph tells us that Iraq is receiving $3 billion dollars from Cash Box International and the only ones giving Iraq $3 billion is the IMF, so that’s who Cash Box Int’l is. And, the IMF has told Iraq repeatedly at the IMF Article IV consultations that Iraq will maintain the peg and not float. There is no real economy outside of oil and the IMF have told Iraq that if they moved to a float the value would drop and negatively effect the common citizens of Iraq with a currency that has less purchasing power than it does on the peg. I don’t see Iraq moving off the peg, this is a great article.
6-1-2017 Newshound Guru Adam Montana [Can there be an RV without an HCL passing? and conversely, can there be a passing of the HCL without an RV?] In my very FIRM opinion – NO.
6-1-2017 Intel/Newshound Guru Backdoc […how does june the 8th look for things to kick off?] NO SIR. NOW THAT COUNTRIES ARE USING THEIR RATES COUNTRY TO COUNTRY SINCE MAY 15TH THEY NEED TO WORK THEIR VALUES HIGHER AND HIGHER WITH CONTRACTS UNTIL THEY REACH THE DESIRED LAUNCH VALUES. SOMETIME AFTER JULY 8TH, A SUNDAY GOING INTO A MONDAY ARE MY THOUGHTS. I LOOK FOR MOSUL ANNOUNCEMENT BETWEEN JUNE 10TH TO 15TH. THESE ARE JUST SOME THOUGHTS.
5-31-2017 Intel Guru RayRen98 The CBI Governor was on television saying the deposit protection law would be implemented soon. The IMF is supposed to meet with the CBI today. Citizens were urged to evacuate areas of Mosul, with full liberation expected in one week. …this morning…Iraqi television is reporting ‘complete liberation of Mosul is coming soon’. I can’t see it dragging many more days now. When it’s finally concluded, with reconciliation and economic reforms completed, then we should see the currency change.
5-31-2017 Newshound Guru Kaperoni …relax…they are not ready yet. When you see the laws passed and the banking insurance in place, investors will begin to come into Iraq…then we will see the float.
5-31-2017 Newshound Guru Adam Montana …this Ramadan is certainly like no other since what feels like 100 years ago when I first got involved in the Dinar! …I have always maintained that nothing serious will get done during Ramadan…this is the FIRST time I’ve ever felt differently! THIS Ramadan, in my opinion, has potential. Potential for the HCL, potential for major announcements, potential for major progress. I have not decided if I believe this includes or excludes an actual RV, but my gut is leaning towards “Yes on HCL progress, No on a RV announcement”. If there was going to be an immediate RV, it should have been done after the OPEC meeting, but before the start of the Holiday, so I’m leaning towards late June.
5-31-2017 Newshound Guru Adam Montana Back to the OPEC meeting – this went about as good as we could have hoped for! Kurdistan is officially exempt from the oil producing limitations agreement, which opens the door for Iraq as a whole. With that “freedom” in their back pocket, Iraq is able to put solid plans into play, particularly – you guessed it – HCL! I still maintain, as I always have, that the HCL is KEY to the success of an RV. We do NOT want to see Iraq RV, only to have the price of the currency plummet immediately due to a lack of faith in Iraq from outside countries, currency exchanges, the IMF, and all the other important pieces of this puzzle! So just because they didn’t RV on the 26th does not mean we should despair or even worry – there is a specific path to success, and Iraq is in a position to take that path…Iraq is actually working on the important stuff (finally), and there is optimism about the coming days.