Iraqi Dinar Guru opinions 6-8-17
Iraqi Dinar Guru opinions 6-8-17
6-8-2017 Intel Guru Frank26 They finally said something about the IMF meeting. …the IMF and the CBI once agreed upon something. A 2nd review of the SBA in August… This meeting was …IMO…not about the rate of the IQD. It was a report of the monetary reform to the IMF. The IMF is very proud of what Iraq has accomplished. The IMF tells every country what to do with their currency. They’ve now reached an agreement — MOU (Memorandum of Understanding). The IMF appears to be happy…because this memorandum that was signed…the IMF no longer needs to tell Iraq what to do. Two of the three agreed to items were taken care of in December of last year. These 3 levels…Economic Reforms… Financial Reforms…Multi-Currency Policy. The last item (#3) was the POLICY of currency (international level). …things are done for the economic and financial reforms. Iraq is ready to join the INTERNATIONAL theatre.
6-8-2017 Intel Guru Frank26 I told you…once you have Mosul…(we’ve already got Mosul)…you would start to see things happen at the speed of light…and now you are! From the 2nd to the 9th – we said that some BIG information would be coming out. THIS IS IT…and it’s only the 7th! Yes! They are talking about their EXCHANGE RATE! On Wednesday…they didn’t talk about their RATE…they talked about their EXCHANGE RATE…the EXCHANGE RATE POLICY! There is quite a difference. Free float? No they are not! They will have a Managed Float. High rate? No they are not! This was the talk of the town last year. Now they are talking like $1.20. The IMF is telling the world…once the reforms are implemented…they have some money (prior to the agreement)…that Iraq will get…WHEN they raise the value of their currency. That will trigger everything.
6-8-2017 Newshound Guru Adam Montana […2 questions: First, is our current president’s actions and intentions going to help the dinar RV….part B: did he buy any dinar that anyone knows of? SECOND: Help me understand why the Iraqi would RV when they know so many of us possess their money?] 1. Yes, I believe so. Part B – that’s going to be speculation regardless, unless he personally announces it. 2. What we hold is insignificant to them. Yes, we will benefit… but they will benefit much, much more.
6-8-2017 Newshound Guru mike Article: “Iraqi Central Bank sales of foreign currencies fell $7 million” Quote: “…the exchange rate was 1182 dinars per dollar at the auction held with the participation of 35 banks and 10 financial companies for the conversion.” I still think the spread is too high… The stock markets and other institutions are showing 1240+ to $1, they haven’t gotten the market rate low enough yet. We know from other articles that the spread is still 1240-$1 or more so I’m not thinking that the market rate has been lowered. …I recognize the anomaly and wonder what it’s implications are, but…I think it’s just poor bookkeeping on the CBI’s part. If the street rate had improved to around 1200-$1 the stock markets and other large financial institutions would report the same figures, but they’re not. I know this isn’t going to be a popular statement but Iraq still has a lot of work to do after Mosul and all of Anbar Province is liberated. The Kurdish deal and legislation for the open market economy are all objectives that have yet to be solved.
6-7-2017 Intel Gurus Frank26 & Delta All of the sudden they started doing 2 auctions on the same day – accumulating 1, 2 and sometimes 3 within a week. Piggybacking these auctions was unusual. Why the urgency with the auctions? They cannot change the rate in the middle of a business day. So if you take a look at the auction they did on Monday (that means they have nothing to do on Tuesday). Tuesday, they have no auction. Interesting…that means they could pull the trigger on a Tuesday. This is really significant to us – something is going on…and there is a reason why they are doing it. Based on the demands of the World Bank, the comments from the economists to ACTIVATE – it doesn’t become any more clear than that.
6-7-2017 Newshound/Intel Guru BGG Article: “IMF REACHES AGREEMENT ON STAND-BY ARRANGEMENT WITH IRAQ” Neither this nor the UN potentially releasing funds to Iraq at the end of June are any kind of “date” indicator. However, they are both very interesting pieces of news. International support for Iraq grows daily. They need this support to reengage with the world.
6-7-2017 Newshound Guru Adam Montana …know that the GOI is working harder this Ramadan than ever before… Article: “Headed by Abadi .. Council of Ministers will hold its regular” I see that as a very positive thing! Need I say more? (nope!)