Iraqi Dinar Guru opinions 7-29-17
Iraqi Dinar Guru opinions 7-29-17
7-29-2017 Newshound Guru MilitiaMan Article quote: “to achieve the goal of maintaining the exchange rate and ensure the use of foreign currency out of order to meet the needs of the economy and market and development and non-directed to non-purposes; ” There is a meeting with the IMF on 08/01/2017 if I am not mistaken. A one in regard to Article IV with Iraq. The article above speaks volumes of what has been done over the preceding two years. Not just one year. I believe this has to do with Article VIII… They have been working to maintain the exchange rate of the Dinar against Foreign Currency to cover imports entering Iraq while maintaining their independence under law. They go on to say that they are (imo) effectively ceasing MCPs (Multi Currency Practices) not supported or at least if are supported by the IMF, they are under the guidance of the IMF when doing so and would be short lived if even relevant.
7-29-2017 Newshound Guru MilitiaMan They have all the mechanisms in place to facilitate trade to serve their national economy from the looks of things. They have mediation in order to be prepared for typical disputes in trade at borders. Basically, they are fully ready, if not already INTERNATIONAL and by all means! They are telling us they are going to contribute to GDP by having implemented monetary policy for sustainable development. They are telling us the Central Bank has facilitated procedures and controls, became transparent in disclosures in regard to maintaining their exchange rate. Ya buddy… This meeting with the IMF is not about what needs to be done, it is done! It must be about dotting I’s and Crossing T’s, and atta boyz and girlz, for a job well done! imo.
7-29-2017 Intel/Newshound Guru tman23 Article quote: “In his visit to Moscow this week, Iraqi Vice President Nuri Al-Maliki peddled what he presented as his big idea: inviting Russia to build “a significant presence’ in Iraq to counter-balance that of the United States.” …as Rudaw news stated …Maliki holds an immense amount of power in Iraq AND he controls Parliament… So his running to Russia ahead of upcoming elections is no surprise… AND the Kurds seeking independence vote before Iraq elections is crucial AND is not hard to speculate why! As Barzani stated, if Maliki becomes Prime Minister again or is the proxy to such…Then ADIOS! Maliki doesn’t need to be a candidate…he only needs someone he owns to become the PM. …I posted a few months ago on Maliki and becoming PM again…a few days later Oliver North was on Fox and discussed the issue and said it was a GREAT CONCERN…
7-29-2017 Newshound Guru Aggiedad77 …they so appear ready…poised…and even anxious to do what is expected of them…to do what their people need…what the world is looking for…prayerfully they use all this momentum to jump with warp speed into a new arena of world economics for the betterment of all mankind from their actions.
7-28-2017 Intel Guru RayRen98 Price changes are anticipated…and there was an effort to increase growth in the economy by imposing no taxes on companies coming in to do business in Iraq. Today, ATMs are still not activated so far. Fils (coins) and lower denominations are also anticipated and ready, but not yet in public. Citizens are told the bulk of their salaries are in their bank accounts, and they can pull cash from the ATMs. The supplement to the Budget has been seen by some, but it’s still not officially published in the Gazette. There are rumors of an in-country rate of just over a dollar, but again, no confirmation as yet. The Budget itself was appealed to the Supreme Court, but the judge is waiting until after the meeting with the World Bank on 1. August. We are excited, waiting for intel to come out. Everyone is poised and alert; we don’t know the exact minute, hour or day, but we have a lot of reasons to expect this thing to wrap up by the first.
7-28-2017 Newshound/Intel Guru Mnt Goat I do not see the signs needed to tell me this RV is imminent right now. Iraq has much work to do in the reconstruction phase. There is also still much work to do with the banks so they don’t fail. Currently the banks survive in Iraq thru the currency auctions. They make billions of dinars off the legally allowed spread in the dinar exchange rate to US dollars for the auctions. The sanctions force the merchants to continue with the process of exchanging dinars for US Dollars. They have a captivated audience. But they are now telling us…they expect to end the auctions and the need to move/convert the banker’s profits from these auctions to the private sector. Remember also the CBI is slowly rolling out the electronic banking and electronically depositing salaries, pensions, etc directly to the bank now. This too raises capital for the banks for lending. But even this will not raise this massive money they need for reconstruction.
7-28-2017 Newshound/Intel Guru Mnt Goat Article Quote: “And we should be aware of the banks to the seriousness of dependence on the only product is the currency window, which may end its mission in the next stage.” So what they are saying in this sentence is in the past banks are making their money on the spread in the dinar when they sell the US dollar thru the currency windows (currency auctions). This is a WOW statement! Why? It says the currency windows will end in this next stage. This is exactly what we want to hear. This stage of massive growth will lead to the dinar going international. This is the only way they can stop of limit these currency auctions, thus the huge bank profits from them. So we know when they no longer need to buy US dollars using Dinar at the currency window, they will have an international currency by then and will use dinar directly to buy and sell goods and services to foreign countries. Folks did you realize how powerful this statement is?
7-28-2017 Newshound Guru Aggiedad77 Article: “signing a memorandum of understanding between Baghdad and Erbil” Quote: “A joint memorandum of understanding (MoU) was signed by Baghdad and Arbil on Thursday to consolidate tax and joint work regulations.” They sure do appear to be kissing and making up with the right people at the right time…oh indeed…first comes love, then comes marriage…then comes Abadi and Allak pushing a cart full of LD’s for the citizens.