Iraqi Dinar Guru opinions 8-3-17
Iraqi Dinar Guru opinions 8-3-17
8-3-2017 Newshound/Intel Guru Mnt Goat So we heard about the second audit review Iraq had with the IMF…8/1. …this meeting was not all about the RV and approving the new rate…I am sure they talked about this event but trust me it was not about “pulling the trigger” this week. Many say that even if the meeting was all about the RV they wouldn’t tell us anyway and make it so open and public. I believe just the opposite. The CBI is not hiding this event folks. They have no reason to hide it. They are very proud to bring back their currency to its former glory. The CBI also told the public in Iraq many times they will educate them along the way. We expect it to happen again, when the time is ready. The reason we have not yet seen this is that they are NOT YET READY.
8-3-2017 Newshound/Intel Guru Mnt Goat The Central Bank of Iraq in a statement received, Alsumaria News, “The International Monetary Fund congratulated the Central Bank and the Ministry of Finance and the Prime Minister on the success of the second audit consultations and the Convention on credit readiness after the implementation of programs and financial and monetary targets and placed in a framework that provides financial stability for Iraq and face Financial and security challenges “. This review will pave the third revision , which will begin in the month of September next action. Remember the IMF is not obligated to pay Iraq another installment on the SBA loan if they do not implement the needed reforms and make progress as agreed in their MOU dated all the way back to 2015.
8-3-2017 Newshound Guru Adam Montana It’s Wednesday, and I hate to be the bearer of “no news”, but I prefer that to “bad news”! We seem to have hit another lull in the dinar, and as I was laying in bed this morning rubbing the cobwebs out of my eyes, I thought back to my days as a teenager when I used to hitchhike to the beach with my surfboard. Anyone who has surfed will know this feeling well…you paddle out, find your spot, and hang out for a bit. Sometimes the wave you will ride comes right away, but most of the time it does not. So you sit there, treading water, rising with the surge, and then going down the back of what could have been a wave but it just wasn’t the one. That is how I feel we are right now. It’s not a bad place to be, not by any means! We get a swell, and wonder if “this is the one”, but it passes without breaking in our favor.
8-3-2017 Newshound Guru Adam Montana Then, after many ups and downs… there it is. “The one”. You see it coming, a smile crosses your face, and you start paddling. The force of the wave picks you up, starts pushing you forward, and you’re about to stand up… and the momentum fades. You shrug and turn around, and paddle back out. Repeat. A beginner surfer might get discouraged at this. “Dang! I guess I’ll never catch a wave!” Does that sound like our current situation? It does to me. But that’s the wrong way to look at it, it’s the wrong way to wait for “the one”. Thinking like that will distract you, and you’ll be whining about how that last wave set you up for disappointment… and you won’t be ready to paddle like mad when the REAL wave comes. That’s where we are, and yes this entire post was a metaphor. Just like the ocean is surely going to create a wave worthy of surfing on, we are certainly in the right spot to ride that wave, if we are only ready to paddle like mad when it comes.
8-2-2017 Intel Guru RayRen98 [What are your sources saying (if anything) as to whether or not there is something else that needs to be completed before the raising of the value of their currency?] The statements in country seem to be saying that nothing else needs to be done. If the reports of 1:1 are correct, we are just waiting for the last pieces to fall into place. [Do you think we are realistically still a GO for This Week?] Yes.
8-2-2017 Newshound/Intel Guru Mnt Goat I want everyone not to assume that I am still not optimistic about a significant revaluation of the Iraqi dinar coming soon. I can see all the signs that they will bring back the IQD to its “former glory” soon. It will not take years and I am still looking for it sometime this year. But you have to remember that their economy can only take so much growth and then something must happen or simply put – who would want to come into Iraq to invest if they can’t grow their money?
8-2-2017 Newshound Guru G-Lin “In a letter sent by the International Monetary Fund, congratulated the Central Bank of Iraq, the Ministry of Finance and the Prime Minister’s Office on the success of the second audit consultation on the Credit Standby Agreement, which came after Implement the programs and financial and monetary targets and put them in a framework that provides for the financial stability of Iraq and meet the financial and security challenges.” However, this says they will have a third review in Sept. on Iraq’s monetary policy. That’s unusal and I like it.
8-2-2017 Intel Guru RayRen98 We are getting some cross-reporting, with articles, and then Iraqi citizens telling us what’s on the television. The articles are saying that the IMF meeting was positive and favorable; one article said, “No trophy yet”, and Iraqi television said that Iraq didn’t meet the requirements of revaluing the rate and eliminating dual currencies. On the IMF site itself, it said that a disbursement was approved (800+ trillion) that Iraq was waiting to receive. There will possibly be a press conference today. Reports came out that the salaries were moved from this week to next week – August 6-7 for military pay and August 8-9 for retirees, at a 1:1 in-country rate. Then a couple of sources claimed yesterday that the rate in-country 1:1. We are looking for the CBI posting 1:1 and an international rate. Time will tell, but we do feel we are in the window, based on the information given.