Iraqi Dinar Guru opinions 6-2-17
Iraqi Dinar Guru opinions 6-2-17
6-2-2017 Intel Guru RayRen98 PM Abadi accepts the resignation of the Finance Minister. (Some might see this as a delay, but it was “supposedly” agreed that he would not resign before all of the calculations and numbers for revaluation were agreed and established.) – Iraqi TV is showing that the Command Center map is not showing any gains but reportedly only 2% is remaining. The news focus has changed to the resigning Finance Minister. – Iraqi TV reports ISIS preparing for its’ last battle at the mosque. And indicating that the reconciliation announcement will happen after the conclusion of Ramadan. (Remember, you can’t believe 100% of the news, its flawed to a certain degree.)
…let’s see what happens next!
6-2-2017 Newshound Guru MadDScout [So we can say that we are not in… Kick the Can down the road yet…waiting longer for the RV.] I don’t think anyone wants to kick the can down the road…I usually take it to mean procrastination…which I don’t think is happening… [I guess the question is, are we still fairly expectant?] Yes and it only takes watching the news to see it…One day they have to get their head around a concept then few days later we see adjustment…can’t ask for more…
6-2-2017 Newshound/Intel Guru BGG I had a VIP contact me…all these nutty projections about where oil will get to… not gonna’ happen. For a lot of reasons. This info comes direct from a M.E. oil producer. They don’t think oil will get above 50 – maybe ever again. I think the upside for us is – if Iraq has any inkling about this – they need to diversify and get their private market reformed and on a roll now. Which, obviously…starts with currency reform.
6-1-2017 Intel Guru ADMINBILL …TO THOSE THAT ARE PATIENTLY (SOME IMPATIENTLY) WAITING FOR THE CONTINUOUSLY ELUSIVE RV/GCR? ANOTHER MONTH OF PROMISES HAS PASSED US BY YET WE REMAIN STEADFAST IN OUR BELIEF WE WILL FINALLY SEE THIS END. PERHAPS THE NEXT FEW DAYS WILL PROVIDE THE RESULT WE HAVE BEEN HOPING TO SEE FOR YEARS. THE INFO IS GOOD BUT WE HAVE BEEN THERE BEFORE.
6-1-2017 Newshound Guru Phillyman Alot of articles hit starting yesterday about IS getting ready for the final stand in the Old City the place of that leaning minaret, the Great Mosque of al-Nuri. They are coming up on the 3 yr anniversary of Abu Bakr al-Baghdadi declaring the caliphate there. We are witnessing what will go down as a celebrated and historic event in Iraqs history. We know they are short on holidays and could certainly use another one. Does it mean the end of IS in Iraq? Clearly it does not but it seems that the Iraqis are seeing it as a turning point. Praying its over soon.
6-1-2017 Newshound Guru Kaperoni […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?] …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars. And since the dinar is not globally convertible, Iraq pays for goods in dollars. So in that sense they are on the same playing field we are on in the US when we pay for goods. The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting IMF Article VIII compliance. The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars.