Iraqi Dinar Guru opinions 8-1-17
Iraqi Dinar Guru opinions 8-1-17
8-1-2017 Newshound/Intel Guru Mnt Goat “No exit for Iraq without decentralization” …they are taking about existing [exiting ?] from Chapter VII sanctions. Iraq is still under financial sanctions resulting from Chapter VII sanctions under the UN charter for member nations, who disobey the articles of membership. Iraq attacked Kuwait also a member nation. Once under sanctions it is very hard to get out of them especially once they go to war and are occupied. This puts the country under an entire umbrella of scrutiny. Its like the have to start all over. Kuwait reinstated their currency but Kuwait was not under sanctions. They just had their currency shut off due to the war so Saddam Hussein could not use it for his aims. Remember how quickly is was reinstated? This has not and is not going to be the case with Iraq. They must first “start over” with an entirely new government… They must institute and implement their constitution “fully”.
8-1-2017 Newshound/Intel Guru Mnt Goat Article quote: “It cannot accomplish its task unless accompanied by additional laws and procedures in support for the decentralized system of government.” Everyone needs to remember its 2017 and so much progress has already been made for the needed laws to implement these articles of the constitution. But this “decentralization” effort is huge and… encompasses many laws. So maybe we should also look for more news coming out on this “de-centralization” effort too to give us a sign as to how close the RV really is?
8-1-2017 Intel Guru Delta [On July 26th you said…that… “…When you know the LD’s are about to come out…we’ll see the rate first.”and again… “The IMF told the GOI to lift the restrictions. All they need is the rate. They need the rate BEFORE the LD’s.” Question: Were you talking IYO about any rate (which could be used within Iraq ONLY) or the “TRUE RATE” (an international rate, Forex, etc. type)?] TRUE RATE…INTERNATIONAL!
8-1-2017 Newshound Guru chattels Restoration of law and order/removal of DAESH,Reconstruction/ Reconciliation. Sovereign integrity, security and stability. Reconstruction is an opportunity for reconciliation. Without Reconciliation Iraq will fail as a state. From everything I read and consider important to our liquidity event it will be 2018 at the earliest, but there may be some macroeconomic deus ex machina unintelligible to me.
8-1-2017 Intel Guru Delta More confirmation that the LD’s are printed. May & June documents…looks like they have profit/loss…and in the expenses…a “new currency.” In May I believe they issued those notes. About 4 Million + 5 Million dollars was spent on printing…then in June, more printing. Whatever they printed wasn’t that much – so could the rate be higher than what we expected…or are they planning on more eDinars? It’s possible that we may see the rate higher than 1-to-1. Up until now, we haven’t had any proof – but now it looks like we have confirmation that they have been printed. We will have 1 and 2 dinar coins. I found this to be very, very exciting. They are about to do it. We are really very close. This information is NOT on the English site… I believe that we are really, really close based on this information. They might really pull the trigger after they return from the IMF meeting.
8-1-2017 Intel Guru Delta Iraq wants to attract investors. As you know…words like “in the coming days” and “soon” don’t mean much. LOL. They said that in order to attract investors, they must change the exchange rate. They told them…the board of directors…they will consider…basically Iraq is all ready to go. As soon as they go to the IMF and come back – we are expecting to see great things. The IMF already told Iraq what they need to do. There is no point in showing up unless they have those things done. Iraq must meet the demands of the IMF. They need to show the TRUE rate.
7-31-2017 Intel Guru RayRen98 Today we had some interesting develoments. A chart went out regarding buy and sell rates, so some felt that this indicated a public RV, with $100 = IQD 125. That created some discussions and interpretations, but it remains to be seen what that actually means – in-country? All areas? I don’t know. Everything seems to be hinged on tomorrow’s meeting, whether it is public release time, or WHEN that might be so. [Hopefully this meeting with the IMF will release the RV; if not, then what?] WE wait until the next day. This has always been about a plan…if we look at how this plan is unfolding, the only thing we cannot put our finger on is when it will work for US. It’s coming!
7-31-2017 Newshound Guru Kaperoni Article quote: “The next stage is required to have banks active role in providing the investment process and move the labor market and activate the capital cycle to help move all sectors…” [Geeeezzzz we’ve has some great articles the last few days…] Great is not strong enough… Excellent/spectacular! i think is better. We already know from another article that Iraq does not have the funding to rebuild on there own. This article then confirms that the solution is opening the banking system to the world which will facilitate investment.
7-31-2017 Newshound/Intel Guru Mnt Goat Now we see the shift in the news to cover the “de-centralization” and local taxation efforts. So now it’s all about the economy and implementing the reforms. Article quote: “The International Monetary Fund has called on Iraq to make fundamental adjustments in its economic and financial sectors, especially the banking sector, which needs to restructure and new policies in line with the reforms called for by the Fund as a condition to support Iraq.” This is all in the Standby Agreement of 2015 (SBA) and Iraq has been working hard to implement everything the IMF asks for in this agreement. So don’t think there is still tons of work to be done.