Iraqi Dinar Guru opinions 8-29-17
Iraqi Dinar Guru opinions 8-29-17
8-29-2017 Intel/Newshound Guru tman23 I suspect this will all come to a conclusion on or before the start of 2018… IMO… I expect the CBI to make a currency call and a change…upon conclusion of ISIS (war) , which is basically over…At such time we will find out the worth of the 3 zero notes at exchange.
8-29-2017 Newshound Guru mike Article: “Iraq is an international indicator of the failure of most countries to attract investments” Quote: “Specialists in economic affairs confirmed that the invitation of the Prime Minister and the previous calls can not be anything move unless action to improve the business environment in Iraq.” And then ” he can not move anything with all these calls if no action is taken to improve the business environment in Iraq.” Three years ago Iraq came upon a fork in the road when oil prices dropped and they should have addressed the above concerns instead of taking the beggars road. …Iraq has to pass the legislation to enable the open market economy. The time for committee’s and forum’s have passed, open up the country for investors to bring the capital needed to rebuild the country and advance Iraq as a whole instead of the elite in government. The red tape and corruption are choking growth. Necessity is the mother of all invention, hopefully Iraq has a plan to do something now. Emotions aside, this is the economic reality of Iraq.
8-28-2017 Intel Guru RayRen98 [Are you as excited about the dong as you are about the dinar?] Sort of. I’m satisfied with what I have heard solid intel from others on the IQD. I haven’t heard as much on the dong. Iraq is telling its citizens that they are going to change the value of the currency really soon, and we are starting to see little indicators of them doing just that.
8-28-2017 Intel/Newshound Guru American Contractor Parliamentary Economic Committee member, Najiba Najib, is sounding the alarm about Iraq’s current economic conditions. This coming year, in 2018, the Iraqi government will have a laborious time in servicing debt, and repaying loans owed to other countries. It is likely that the hard currency, the U.S. dollar, will maintain its presence in Iraq for time to come. The Iraqi government (CBI) continues to print dinars to maintain the inflation in the single digits. The increasing deficit of $21bln will continue to be an ongoing issue well into 2018. One is to wonder and question how Iraq is going to receive a loan to help offset this enormous deficit? Let’s hope that the year 2018 sees the price of oil rise to $100. That would be a tremendous help to the Iraqi government in regards to the deficit.
8-28-2017 Newshound Guru Kaperoni As I have stated on numerous occasions, any bank that wants to do business with Iraq can. And any bank that wants to do financial transactions can. The lifting of sanctions on Iraq several years ago achieved this. That being said, doing business with a central bank in Article XIV is risky and very few if any will do business with Iraq while they are still under IMF Article XIV. Until they achieve the requirements of Article VIII and accept it, most foreign banks will shy away from Iraq. Think of IMF Article VIII as an international standard.
8-28-2017 Intel Guru RayRen98 …there is no new hot intel, but we do have some announcements from Iraq saying legislation waiting for eight years is now being passed. They didn’t say what legislation. There are new money auctions coming up later in September, and that may relate to the cessation of US dollar auctions. [How excited are you?] Very excited – this thing is definitely in motion…we just don’t know when. And now ordinary Iraqi citizens have cards and are using them here in the US. That speaks volumes to me. We just don’t know if that is based on the new rate. Also, 59 banks are taking dinar now. All I’m waiting for is the rate to change.
8-28-2017 Intel/Newshound Guru American Contractor The Iraqi dinar has been fluctuating between 1189 and 1260 to the dollar. The Central Bank of Iraq (CBI) continues to support the Iraqi dinar’s peg to the dollar. The current peg is not expected to change for several years. The CBI is obtaining badly needed loans from the International Monetary Fund (IMF) World Bank, and several private organizations to assist in the rebuilding efforts. Some organizations are reluctant to grant Iraq loans due to the simple fact that AML laws (anti-money laundering) are not withstanding and the additional lack of law enforcement is null.
8-28-2017 Newshound Guru chattels Article: “Sunday, August 27, 2017 Tal Afar Battle Day 7″ Quotes: “By the seventh day of the Tal Afar campaign the fighting was nearly over.” “Outside of Tal Afar, several villages remained under IS control. The Iraqi forces were mopping those up those as well.” [How long do you think it will take to clear out the rest of the country?] I would think probably until the end of the year…Maybe April, 2018. My sense is that there is political timing at work. Abadi will want the maximum boost from the war to coincide with the elections in April and he will want to keep the Hash’d forces ” busy ” i think.