Iraqi Dinar Guru opinions 8-31-17
Iraqi Dinar Guru opinions 8-31-17
8-31-2017 Intel Guru RayRen98 An article surfaced indicating that PM Abadi was called on to “curb the depletion of hard currency” due to passport carriers of VISA’s exchanging 1,200 dinar for $3,000 USD noting these are currency dealers, not basic travelers indicating in the loss of state funds. (Unless I’m misreading this article) Let’s see what tomorrow brings!
8-31-2017 Newshound Guru chattels Article: “Barzani accepts conditional postponement of the referendum and supports the establishment of a territory for the year” Another case of the title not matching content and the content was poorly translated. Referendum still a go for September 25 at this time. [why does not Baghdad simply give the Kurds what was agreed to over a decade ago…?] Can’t say that I really know, but here we are. Their constitution is so nebulous that anyone can be correct with any number of argumentative interpretations.
8-31-2017 Intel/Newshound Guru tman23 Each man makes his own choices and should hold himself accountable first…The IQD is still in play and nothing has changed other than personal life situations…
8-30-2017 Intel/Newshound Guru tman23 IMO…we need to start seeing a flood of articles and education material in the banks educating the citizens on the monetary change…if we don’t see the articles begin to flow Mid Sept up into the first week of October…There is a HUGE problem with thinking January 1…Like they did in mid October 2004 they released the new Iraq dinar…Oct 15 2004 – January 15 2005…IMO this timeline may apply again except up to the first of the year…and is a window we just might have an opportunity with our 3 zero notes…
8-30-2017 Intel Guru RayRen98 We sent out the update on the customs law for people going in and out of the country with more than 200,000 dinar. That’s under $200 USD at the old rate, and now you need a permit! Baghdad has paid the Kurds 80% of their debt on Monday. A few weeks ago, the Kurds came to Baghdad for a meeting, and we never saw an update on the results of that meeting…now we are. That payment was based on agreement of a rate established for the Iraqi dinar. We know what that rate is, don’t know when it’s supposed to kick in, but it should be public pretty soon now that we know the results of that meeting. That’s the significance of that payment to the Kurds. Some things are still expected to happen this week, and we’ll see if they unfold.
8-30-2017 Newshound Guru Adam Montana Article: “Europe Will Recognize De Facto Standing of Kurdistan after Referendum: KRG Diplomat” Quotes: “ERBIL— Though the European countries have not openly supported Kurdistan Region for running the independence referendum, they will deal with the de facto after holding the vote, said a Kurdish diplomat on Sunday.” “On September 25 this year the referendum will take place.” [Can you give a comment about this article? ] Well, “Europe” does not have any power over the borders of Iraq or any other Middle East country. So, it may not mean a hill of beans to Baghdad. The positive side is that this may add fuel and encourage Baghdad to take the September 25th date more serious, just to head off any potential conflicts when they decide to raise the value.
8-30-2017 Newshound Guru Adam Montana The HCL really boils down to oil and revenue sharing. An independent Kurdistan could very well pave the way for an easier HCL resolution, and the good thing for us is that the Kurds would create their own currency and the IQD we hold will not change. I still maintain that the majority of Iraq would be opposed to splitting the country in any way, and we still have the issue of Article 140. Overall… I just don’t think the Kurdish region will ultimately split from Iraq. They will continue to fight over the contested regions related to article 140, it’s possible that we will see some major movement on the HCL prior to September 25, but even if it doesn’t happen in the next 25 days… we’re still on track to see an increase in the Dinar value.
8-30-2017 Newshound Guru chattels I do not think it realistic to “expect” an outcome until 2018 at the earliest. And of course no one really knows what the outcome looks like.
8-30-2017 Newshound Guru Adam Montana ISIS has been “not much” for quite some time, but it looks like this is really the final days of it’s influence on anything in Iraq. ISIS is perhaps days away from being nothing more than history, which is good on many levels – not just for a Dinar RV, but in many other ways as well. I mentioned last week that September 25th is a fairly notable date – it could be the “date to beat” for major HCL progress, which IMO would spur us onto an increase in the Iraqi Dinar. This is still on my radar. …some weeks we have a flurry of news, and others… not so much. But no bad news is sometimes good news as well, and that’s what we’ll have to settle for at this time. Fingers crossed for some action in the coming days!