Iraqi Dinar Guru opinions 8-16-17
Iraqi Dinar Guru opinions 8-16-17
8-16-2017 Intel Guru Bruce In Iraq it looks like from the Iraqi perspective talking to some of our Forex sources, it appears that the Forex was trading the dinar from its position of 1160 or 1168 down to 1140 so forth. The thinking was by sometime tonight [Tuesday] it could be traded all the way down to where it would zero out and come back to $1. to $1.25 or something like that up to its true value. The thinking is that the rate which we have seen some decent rates that were in the vicinity that Dr Shabbi talked about the dinar being able to support. We have seen couple of these rates be on some of the new Qi cards in and outside of Iraq on Iraqi citizens and dual Iraqi citizens. High rates that are stable. Are they place holder rates? Would it be giving us indication what the rate would be? We don’t know that yet.
8-16-2017 Intel Guru Bruce …on Thursday we talked about the ATMs in Iraq being active and alive. They were testing the ATM machines. We understand the tests were successful. Now the ATMs are operable. If so then the lower denoms are out and have a new rate. Did that occur yet? I can’t tell you 100 percent it has. I can’t verify that right now. It is positive that the ATMS are ready to put out the lower denoms. The lower denoms, that is the new dinar currency that will replace the currency we have with numbers of bills such as we have 5 dollar bill, 10, 20 50 100, so on. …we are expecting or waiting on is a rate to show.
8-16-2017 Intel Guru Delta VERY INTERESTING TODAY VIETNAM DONG DID OPEN TODAY AT $0.0044 AND THATS ABOUT $4400 FOR A MILLION DONG. msn.com/en-us/money/tools/currencyconverter [ ..I went to that currency converter that you put up and I see no change in value.] IT WENT BACK! […why would it reverse?] MAYBE TESTING!!!
8-16-2017 Newshound Guru Kaperoni Those that didn’t know, earlier this year, Egypt and Morocco announced they would float their currencies. Well today, Yemen announced a free float! I think that Yemen decided to float today is huge! This should help Iraq make the decision once ready. I read the other day since March (which is when Egypt floated), Egypt has raised there reserves $15 billion dollars. Still doubt the dinar will float? We know for a fact the plan is to float the Iraqi dinar because the CBI gov..Ali al-Allaq said so… The only way the dinar can be in the world markets is if it floats.
8-16-2017 Newshound Guru Kaperoni [Free float or managed float Kap?] …if the intent is to be in the world markets it has to free float. Yemen is free floating as of today… Egypt is free floating…Morocco is free floating…I would guess that Iraq will follow suit at least for a period of time to raise the value of the dinar. Once market forces take over it will go up. No doubt. The CBI is in the business to make money and to float the currency allows for the CBI to end the daily auctions and profit off commissions from floating. I just want people to understand this is not going to go down like they think…It will not RV overnight.
8-16-2017 Newshound Guru Adam Montana First I’ll state the obvious – no HCL and no RV at this time. Now, an item that has been popping up in the news and in dinar discussions a lot is article 140. Most of the time when these articles or topics come up, unless it has something to do directly with the HCl, I tend to be a naysayer about their relevance… This one is slightly different. …it might be a good idea to have a background on what article 140 actually is. In a nutshell, there are several areas that Erbil / the Kurdish government is attempting to claim as theirs, but are currently arguably under the Iraqi government rule, regardless of where they rightfully belong. …there is a power struggle going on and neither side would willingly walk away or give in without a good reason… At this time the Kurds would not want to give them up because obviously they want the land and also the resources under the land, in addition to the historical and religious reasons. Baghdad currently has a stronger political argument for ownership, plus they do not want to see the Kurdish region secede.
8-15-2017 Intel Guru RayRen98 It is reported that the IMF has warned Iraq of inflation on the public debt promoting acceleration of the “process”. The Kurds started meetings on Monday in Baghdad regarding Article 140 and the September referendum issues. Those meetings supposedly continue through Tuesday. Iraqi TV is stating that Maliki is impeding the progress of Article 140. November 1 has been chosen for the date for the Kurds to vote on Independence while continuing with September 25 for the Referendum. Time Will Tell!!
8-15-2017 Intel Guru RayRen98 [If this doesn’t happen in August, will it go to 2018.] If it doesn’t happen in August, I will jump to September. I don’t see why people are anticipating next year when there four more months in 2017!
8-15-2017 Newshound Guru Kaperoni Article: “Anti-money laundering, terrorist financing, compliance and risk management training program” [More of the IMF compliance…its good to see the…(sense of urgency)]. Exactly… the CBI is doing what the IMF is telling them to do.